Why I'm making this report.
Due to the encouragement of friends I decided to start making my personal blog of information I accumulate everyday, public.
As a result, I found that I've been receiving support for the time and effort spent to format, commentate on, and share out this information.
And as people have enjoyed it I've enjoyed continuing to share it.
How does the Daily Dimes work?
In this publication I post an aggregate of news information that I come across in the cryptospace every day. There are two sections found below:
- A bulletin section, where I cover brief descriptions of noteworthy news and include updates to existing stories with sources for further reading.
-and-
- A trading report section, where I record confluent signals and information from my
paid memberships, private groups, and personal trades that I'm monitoring, as well as where I store my own market analysis.
Today
- 2 Bulletins
- 2 Updates
- 3 Trading Section Reports
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- Cobinhood to release fiat trading against the USD: To be released next week, Cobinhood, is working with the firm Epay to allow its users access on platform to fiat currency.
Source
- Due to PBOC Alipay has been influenced to stop crypto uses where necessary: Peoples bank of China is taking further measures to limit ICO activity and crypto usage in it's borders. Ten Pay and Alipay are required to block any kind of business transactions related to crypto trading. Alipay responded by closing around 3000 accounts engaged with crypto on it's platform to help show compliance.
Source
- Update: Bancor has resumed operation post hack: Information released by Bancor is stating that no funds were lost during the hack out of clients balances, but instead were stolen out of BNT's reserve.
Some users are uncertain as to the truth of these reports and are looking for information that may point to Bancor presenting the hack as a method of making a partial exit scam possible
Source
- Update: SEC's decision on bitcoin ETF proposal is due or due for extension by Aug 16th: Important day to mark as if it makes it that's a fairly bullish sign, and it happens to be fairly coinciding with close to the end of our current triangle/wedge we're in on the macro. Main Source
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Trading Section
- BTC Macro: Stoch RSI getting pretty high on the overbought levels on the 3 day. It's good to note that the 3d is in conflict with the 1d & 1week which are both showing oversold levels or near to it.
We'll be waiting on confirmation of this iH&S that is being tracked. Remember this pattern isn't to be traded on until it's completed unlike some other setups. Consider accordingly.
Direct Link
- BTC Local: I'm enjoying watching the 12 hour on this one. We've got some oversold levels here on the 12 hour as well which is in agreement with 1 day & 1 week RSI levels. Looking at low volume atm though, I'm it's be nice to see this break upwards as the whole setup to 6900 and test of the downtrend looks great, however I'm not expected a lot of it necessarily, wouldn't be surprised if we just traded sideways out of here or barted down.
Direct Link
- ETH: Possible hidden bullish divergence on the ETH daily time frame. We've got volume and downtrend in the price action/uptrend on the StochRSI. This narrative would be in line with EOS dumping more ETH recently and Bancor hack if there is dumping going on, short lived lower price action waiting to catch up with other indicators that are acting contrary.
Price action isn't a clean down trend line though so keeping it labeled as possible, hard to tell what's anomalous atm with all ETH shenanigans, but it's worth reporting on & noting.
Direct Link
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