• Cryptocurrencies: 2209
  • Markets: 18660
  • Market Cap: $249608581315.99
  • 24h Vol: $62888375660.001

Thursday Daily Observations

Daily Observations

The latest news out of the SEC camp illustrates that there are close to 10 ETF’s waiting for approval with the vast majority of them applied before January of this year. The most likely ETF to succeed SolidX/VanEck’s ETF was announced earlier this week to be delayed until late September.

According to SEC listing rulings and historical data, they are more than likely to delay the ETF until January 2019. These extra 3 months will allow the vast amount of institutions to get into place their custodial resources. This means they will have the resources to accept Bitcoin and other cryptocurrencies, store them and have the necessary compliance to deal with situations.

Meanwhile, the rest of the market has performed what was expected, Bitcoin dipped by close to 8%, this translated on to XRP, ETH and the rest of the altcoin market.

According to Nouvive’s own Index to measure the market, this is the first time the market as a whole dipped this low, representing worrying thoughts.

The chart below illustrates that the last time we dipped this low was in the middle of April, shortly before we saw a bounce that was 4X.

According to Nouvive’s Index Below, there are two points that the market wants to see, the lower 250$ for Ethereum and $5,000 for BTC. Those who understand the Markets understand that, where the Market calls, WE GO.

 

 

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

Show Your Views:
  •  (0)
  •  (0)
  •  (0)
  •  (0)
382

ViFeed Indicators

Bitcoin (BTC)
$7988.81
46.00 RSI
-0.72%
Hold
Ethereum (ETH)
$249.43
43.00 RSI
-0.93%
Buy
XRP (XRP)
$0.38
51.00 RSI
-0.92%
Hold
Bitcoin Cash (BCH)
$402.75
56.00 RSI
-1.22%
Hold
Litecoin (LTC)
$100.81
44.00 RSI
-0.58%
Buy
EOS (EOS)
$6.33
43.00 RSI
-0.64%
Buy
Binance Coin (BNB)
$33.8
39.00 RSI
-3.51%
Buy
Tether (USDT)
$1
0.00 RSI
-0.15%
--
Stellar (XLM)
$0.13
41.00 RSI
-0.51%
Buy
Cardano (ADA)
$0.08
43.00 RSI
-1.09%
Buy
How did you get involved in Crypto?