Capitalizations Index – B ∞/21M
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has added a new feature that will reduce the impact that large buy and sell orders have on the bitcoin price. Announced on Monday, Gemini Block Trading will allow cryptocurrency “whales” to execute large trades outside of the exchange’s continuously-updated order books, where a single trade …
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Cryptocurrency Exchange’s $170 Million Nano Coin Loss Sparks Outrage On Friday, February 9, 2018, Italian cryptocurrency exchange BitGrail announced that “internal checks revealed unauthorized transactions which led to a 17 million Nano [XRB] shortfall, an […]
Crypto Mining Blog CryptoDredge 0.13.0 Nvidia Miner With More Hashrate and New Algorithms More updates fro the CryptoDredge Nvidia GPU miner to version 0.13.0 that comes with support for two new crypto algorithms – X21S […]
DASH/USD
DASH rallied again during the day, reaching towards the $840 level. At this point, a continuation of that move seems very likely, and therefore we are bullish of DASH. Pullbacks should be supported, with the $720 level offering a bit of a floor. The target is $1000 going forward.
LTC/USD
Litecoin has gone parabolic, meaning that we are testing the $300 level as I record this. Buying at this point is reckless and the second dumbest thing I can think of doing in this market. The first of course would be shorting this type of move, because even though a pullback is necessary, stepping in front of a runaway freight train is a great way to blow your account. Look for pullbacks to take advantage of, but we have clearly gone far too parabolic to get involved now.
[youtube https://www.youtube.com/watch?v=4Zv5MNuQodU?feature=oembed&w=660&h=371]
Thank you for watching, I’ll see you tomorrow.
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