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
- 1 Bulletins
- 1 Updates
- 2 Trading Section Reports
Mt GOX has a deadline for filing is set for October 22nd.
After which the next major deadline is Feb 14 2019 where MT Gox is required to propose it's rehabilitation plan.
Long story short Quarter 1 2019 there will be a lot of information released over what's happening with the BTC that Mt GOX is supposed to be returning.
Source
However given that the SEC has made recent determination statements regarding BTC and ETH we could be looking at a genuine start to an ETF process beginning, or at least an understanding of what else is standing in the way if this application is rejected as well. Source
Trading Section
- BTC Macro: On the weekly we're seeing the StochRSI begin an oscillation upwards, and it's still in the oversold area. We're testing an old support turned resistance at the 6800 range and the close of the last weekly candle is showing us having solidly moved out of the last 9 week downtrend. This doesn't necessarily mean a reversal or that an uptrend is coming, we've just out of the downward trend initially moving upwards.
- BTC Local: We're still in the channel on the 4 hour that I started commenting on around the 4th.
I added a new line to notate that the channel may have turned wedge as we're starting to move more sideways within it. I'm watching for a break down before the 14th which I'll presume would look like move downwards to the 6400 range or if prodded lower a retest of the 6k again
- or -
another half bart green candle which if it shot upwards like the previous ones in this channel we'd be looking at it completely clearing the 6800-6900 with the top of the channel hanging out around 7100 for a short term ceiling to monitor.
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