​​Dow is loosing momentum a bit again. Potential again. Channel on the right looks real (this chart is delayed by the way). It broke already, so if we see a retest now but stay below the channel, it could become something.

On the left, showing a possible H&S. Key zone is that green level there. A big fast break of that could mean the high is set again and what i mentioned in the previous update is in play again. So far though, price action is slow as F, which usually means bulls are in favor.

​​TRX began to fall shortly before the JUST IEO. Tron price has decreased by ~4%.

​​Main Barrier to CBDC Is Philosophy, Not Tech, Says European Central Bank Rep

ECB executive board, Yves Mersch, believes that the main impediment for CBDC is philosophical rather than technological.

​​Ammous and Voorhees Come to Consensus on Failures of Centralized Powers

Two of the cryptocurrency space’s most outspoken critics of central banks spoke about failures during the current coronavirus pandemic and how Bitcoin could have prevented them.

​​Vitalik Buterin said the Ethereum 2.0 protocol upgrade, which will change the consensus mechanism to proof-of-stake (PoS), is well on its way to launching sometime in July.

​​Binance Adds Its Own Leveraged Tokens After Removing FTX.

The tokens span 1.5x to 3x leverage.
Upon their May 14 launch, Binance will host only Bitcoin-related leveraged tokens.

⁠It Happened: Bitcoin Just Experienced Third Halving in Its History

Bitcoin has just experienced a one-in-four-year event, its third halving, which has cut the miner block reward from 12.5 BTC to 6.25 BTC.

​​As of block 630,000, 87.5% of all BTC has been mined. Only 2,625,000 BTC left to mine!
@CryptoWorldTina

​​The third Bitcoin halving has just happened. The next one will happen in 4 years. Bitcoin halvings occurs every 210,000 blocks until around 2140, when all 21 million coins will have been mined. Between third and fourth halving events 1,312,000 BTC will be mined.

​​Average BTC Transaction Fees Increased by 300%

According to Bitinfocharts data, the average transaction fees for Bitcoin on May 8 peaked at $3.19, an increase of over 300% from the average fee on April 26, $0.62.

The last time the average BTC transaction fee was over $3.00 was in July 2019.

By the way, on December 22, 2017 the average transaction fee was roughly $55.

​​Bitcoin block reward halving has just taken place.

​​WhaleClub
H&Sception spotted BTCPERP 30m First tgt 9700, second target around 9430

​​8600 would be a level under normal circumstances :), maybe better to say that green zone, since there price got bought up to create this move up.

⁠New Cryptic Chinese Operation Instantly Becomes Sixth-Largest BTC Mining Pool

A new Chinese mining pool swiftly takes 5% of the Bitcoin mining pie, while its origins remain unknown.

​​Binance launches Binance leveraged tokens and will list BTCUP and BTCDOWN. BTCUP/USDT and BTCDOWN/USDT trading pairs will be available on on 2020/05/14 at 10:00 AM (UTC). BTCUP allows you to generate leveraged gains when Bitcoin increases in price. BTCDOWN allows you to generate leveraged gains when Bitcoin decreases in price. Leveraged trading of digital assets multiplies both opportunities and risks.

​​Celo auction on Coinlist.

Raised at the moment: ~$1 million.

​​Daily Bitcoin chart review 📈

Halving news were sold in advance. As expected, yesterday BTC tested "red" resistance zone, and may do it again (short term). All depends on 8570-8620 support. Chart is bearish at higher TF asking for 7170, but lower TF show that bullish move is possible. Besides, CME futures gap from 9960 to 9275 remains open and appealing for price.

Yesterday post: I'd rather bet on that bounce to ~9k, than second leg down straight away. If I'm wrong and second leg comes first, CME gap will be closed after the halving.

Resistance: 8900 - 9020 - 9250 - 9500 - 9800
Support: 8630 - 8500 - 8400 - 8100 - 7700 - 7170

​​Chat chart request 💬

Told you guys, I don't like such cheap coins. If it is so cheap, probably its wiser not to touch it, rather than get in and then wait for month when it give you a chance to get out.

If you are so passionate about MTH, better wait when it get above 70 again. Volume is nice and promising, but it is still within a downtrend.

📈 bullish divergence at RSI + volume
📉 still within same downtrend

​​Unfortunately i don't have time today to finish my ETH analysis. Now the double bottom, which i mentioned yesterday should be a minimum, happened and it bounced up quite big since, but with low volume. On the right you see that big channel that broke, so 195 is a standard retest, while 200 could also still be a retest but less obvious. So i am afraid, it's wait and see here

​​Buying $FTM with half of my position.

Remaining buy is at 41 sat.