Crypto Daily TV 16/08/2022, BTC Price Hits Double Top?

by Ryan Bubinski
7 ways to make with crypto


Crypto Daily TV 16/08/2022, BTC Price Hits Double Top?

In Todays Headline TV CryptoDaily News:

Judge grants Ripple’s request to review videos of SEC officials.

U.S. judge Sarah Netburn granted Ripple Labs’ motion to serve two subpoenas to authenticate seven video recordings in which U.S. Securities and Exchange Commissions officials made public remarks.

Electricity requirements will fall by 99%.

The upcoming Ethereum Merge is a significant day. The long-delayed upgrade to the ethereum blockchain is currently planned to occur on Sept. 15. If it’s successful, the blockchain’s massive electricity requirements will fall by over 99%.

Bitcoin hits $25K as bearish voices call BTC price ‘double top’.

Bitcoin spiked through to $25,000 for the first time in months, but traders refused to take any chances on a bull run. After passing the $2,000 mark for the first time since May earlier in the weekend, ETH/USD appeared to be in consolidatory mode with no significant momentum continuing.

The last session saw BTC fall 0.7% against USD.

The Bitcoin-Dollar pair fell 0.7% in the last session after gaining as much as 3.7% during the session. The Stochastic-RSI is giving a negative signal. Support is at 23632.6667 and resistance at 25336.6667.

The Stochastic-RSI is currently in the negative zone.


Crypto Daily TV 16/08/2022, BTC Price Hits Double Top?

ETH/USD dove 1.8% in the last session.

The Ethereum-Dollar pair dropped 1.8% in the last session after rising as much as 3.9% during the session. The ROC is giving a positive signal. Support is at 1838.6833 and resistance at 2076.6033.

The ROC is currently in the positive zone.


Crypto Daily TV 16/08/2022, BTC Price Hits Double Top?

XRP/USD dove 1.1% in the last session.

The Ripple-Dollar pair plummeted 1.1% in the last session. The MACD is giving a negative signal. Support is at 0.3624 and resistance at 0.3988.

The MACD is currently in the negative zone.


Crypto Daily TV 16/08/2022, BTC Price Hits Double Top?

LTC/USD plummeted 4.3% in the last session.

The Litecoin-Dollar pair dove 4.3% in the last session. The Williams indicator is giving a negative signal. Support is at 60.491 and resistance at 67.131.

The Williams indicator is currently in negative territory.


Crypto Daily TV 16/08/2022, BTC Price Hits Double Top?

Daily Economic Calendar:

UK ILO Unemployment Rate

The ILO Unemployment Rate is the number of unemployed workers divided by the total civilian labor force. The UK’s ILO Unemployment Rate will be released at 06:00 GMT, Germany’s ZEW Survey – Current Situation at 09:00 GMT, the UK’s Claimant Count Change at 06:00 GMT.

DE ZEW Survey – Current Situation

The ZEW Survey – Current Situation measures the current institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and are pessimistic.

UK Claimant Count Change

The Claimant Count Change presents the change in the number of unemployed people in the UK.

US Redbook Index

The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers. The US Redbook Index will be released at 12:55 GMT, Japan’s Exports at 23:50 GMT, the US Housing Starts at 12:30 GMT.

JP Exports

The Exports measure of the total exports of goods and services by the local economy. A steady demand for exports helps to support growth in the trade surplus.

US Housing Starts

The Housing Starts captures how many new single-family homes or buildings were constructed. It is a key indicator of the housing market.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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