• Il prezzo Bitcoin sta consolidando i guadagni al di sopra della zona di supporto di USD 32.500.
• L’etereum è salito oltre il 30% e ha superato i 1.000 USD, l’XRP è rimasto al di sotto della resistenza di 0,250 USD.
• OMG, ETC, UNI, AAVE, NEO e LINK sono aumentati di oltre il 20%.

Dopo un forte movimento al rialzo, il prezzo del bitcoin ha faticato a testare la resistenza di 35.000 USD. BTC ha superato quasi USD 34.750 e recentemente ha iniziato una correzione al ribasso. Ha corretto al ribasso a 32.500 USD e attualmente (05:00 UTC) si sta consolidando in un range.

Inoltre, ci sono state forti mosse rialziste nella maggior parte dei principali altcoin, tra cui ethereum, EOS, XLM, LINK, BNB, OMG, NEO, TRX, bitcoin cash, DOT, litecoin e ADA. ETH/USD ha sovraperformato tutti e per la prima volta dal febbraio 2018 ha superato la resistenza di 1.000 USD. XRP/USD ha sottoperformato e sembra essere di fronte a una forte barriera vicino al livello di 0,250 USD.

Prezzo Bitcoin

La settimana scorsa il prezzo del bitcoin ha fatto registrare un notevole rialzo e ha addirittura superato il livello di 30.000 dollari. Di conseguenza, Bitcoin Revolution è salita bruscamente e ha superato i livelli di 32.000 e 33.500 dollari. Ha persino scambiato vicino al livello di 35.000 USD prima di affrontare i venditori. Si è formato un nuovo massimo storico vicino a 34.750 USD prima che il prezzo iniziasse una correzione al ribasso.
È sceso oltre i 2.000 USD e ha testato la zona di supporto di 32.500 USD. Il successivo supporto principale sul lato negativo è vicino al livello di 30.000 USD. Al rialzo, i livelli di 34.000 e 35.000 USD sono forti ostacoli, al di sopra dei quali si potrebbe arrivare a 40.000 USD.

Prezzo dell’etereum

Il prezzo dell’etereum ha iniziato un forte aumento dopo che il bitcoin ha iniziato a consolidarsi. ETH ha rotto molti ostacoli importanti vicino a 800 USD e ha pompato oltre 250 USD negli ultimi due giorni. C’è stata una netta rottura al di sopra dei livelli di resistenza di USD 950 e USD 1.000. Il prezzo ha addirittura superato i 1.025 USD.
Il prezzo è ancora scambiato sopra il livello di USD 1.000 e sembra che i tori non abbiano ancora finito. Eventuali ulteriori rialzi potrebbero portare il prezzo verso i livelli di USD 1.080 e USD 1.120.

Bitcoin cash, litecoin e prezzo XRP

Il prezzo in contanti di Bitcoin è salito di quasi il 20% e ha rotto molti ostacoli vicino a 365 e 380 dollari. BCH ha anche eliminato la resistenza di 400 USD e scambiato al di sopra del livello di 430 USD. La prossima resistenza chiave al rialzo è di 450 USD, al di sopra della quale i tori potrebbero testare il livello di 500 USD. Sul lato negativo, il livello di 400 USD può eventualmente fungere da forte sostegno.
Anche Litecoin (LTC) è aumentata di quasi il 20% e ha superato i livelli di resistenza di 135 e 150 USD. LTC è ora quotata al di sopra del livello di 160 USD e sembra che il prezzo potrebbe continuare a salire verso i livelli di 172 e 175 USD. Se ci sarà una correzione al ribasso, la recente zona di breakout a 150 USD potrebbe fornire supporto.
Il prezzo XRP è salito di circa il 4% e sta ancora affrontando una forte resistenza vicino al livello di 0,250 USD. La prossima grande barriera per i tori per un aumento maggiore è vicina al livello di 0,265 USD. Se c’è una correzione al ribasso, il prezzo potrebbe trovare offerte vicine ai livelli di 0,222 e 0,220 USD.

Altri mercati altcoins oggi

Nelle ultime ore, molti altcoin hanno guadagnato oltre il 15%, tra cui ADA, OMG, ETC, UNI, AAVE, NEO, LINK, SNX, YFI, CHSB, RSR, XLM, RUNE, QTUM, XTZ, FTT e TRX. Di questi, l’OMG ha rotto la resistenza di 3,00 USD e potrebbe anche testare 3,50 USD.

Nel complesso, il prezzo del bitcoin sta consolidando guadagni superiori a USD 32.500 e USD 32.000. Sembra che altcoin come ethereum, litecoin, bitcoin cash, DOT, e altri potrebbero avere maggiori vantaggi se BTC continua a commerciare in un range.

O preço do Bitcoin estendeu sua alta acima de US $ 27.500 e US $ 28.000.

Ethereum retestou a região de resistência de US $ 745, XRP não ultrapassou US $ 0,250.

O DOT permaneceu em forte tendência de alta e até subiu acima do nível de US $ 7,00.

Após um pequeno declínio, o preço do bitcoin começou um novo aumento acima dos níveis de US $ 26.500 e US $ 27.000. Mais importante, o BTC quebrou o nível de resistência de US $ 27.250. O preço chegou a subir acima de US $ 28.200 e atualmente (05:00 UTC) consolidando ganhos.

Da mesma forma, houve movimentos positivos na maioria das principais altcoins. A ETH / USD foi negociada acima da resistência de US $ 735, mas lutou novamente para limpar a zona de resistência de US $ 745. XRP / USD completou uma correção de alta perto de USD 0,250 e caiu para USD 0,195.

Capitalização total de mercado

Houve um aumento constante no preço do bitcoin acima dos níveis de resistência de US $ 27.000 e US $ 27.250. O Bitcoin Bank até subiu acima do nível de US $ 27.800 e disparou acima da zona de US $ 28.000. No entanto, não houve continuação de alta acima de USD 28.250 e o preço foi corrigido alguns pontos abaixo.

No lado negativo, um suporte inicial está perto do nível de US $ 27.800. O primeiro suporte chave está perto do nível de US $ 27.500. O principal suporte agora está se formando perto de US $ 27.250 (a zona de fuga recente).

O preço do Ethereum também seguiu o bitcoin e subiu acima dos níveis de resistência de US $ 720 e US $ 730. A ETH chegou a quebrar US $ 740, mas teve dificuldade para continuar em alta acima da resistência chave de US $ 745. Ele corrigiu para baixo abaixo de US $ 740, mas há muitos suportes no lado negativo.
Um suporte inicial no lado negativo é visto perto do nível de US $ 725. O suporte de ruptura chave pode ser de US $ 720 no curto prazo, abaixo do qual o preço pode revisitar a zona de suporte de US $ 700.

Bitcoin em dinheiro, litecoin e preço XRP

O preço à vista do Bitcoin subiu mais de 5% e ultrapassou os níveis de US $ 340 e US $ 350. O BCH está sendo negociado agora acima do nível de US $ 350. Parece que os touros estão buscando um novo teste do nível de US $ 365. Mais ganhos podem definir o ritmo para um impulso em direção ao nível de resistência de US $ 380 no curto prazo.

Litecoin (LTC) está consolidando acima dos níveis de US $ 122 e US $ 125. Uma resistência imediata está perto do nível de US $ 132. A primeira resistência chave está perto do nível de US $ 135. Uma quebra clara acima do nível de US $ 135 pode abrir as portas para um aumento constante em direção ao nível de US $ 142.

Preço XRPcorrigido em alta acentuadamente acima de US $ 0,220 e US $ 0,232. No entanto, não conseguiu ganhar impulso acima de US $ 0,250 e iniciou uma nova queda. Ele cortou a maioria de seus ganhos e foi negociado abaixo de US $ 0,210 e US $ 0,200 nos níveis de suporte. Parece que o preço pode continuar caindo em direção à zona de suporte de US $ 0,180.

Outros altcoins comercializam hoje

Nas últimas horas, alguns altcoins ganharam mais de 5%, incluindo DOT, CHSB, CELO, STX, AAVE, RSR, COMP, THETA, UNI, WBTC, FTT e MKR. Destes, o DOT subiu mais de 15% para ultrapassar o nível de US $ 7,00.

No geral, o preço do bitcoin está ganhando impulso acima dos níveis de US $ 27.500 e US $ 27.800. Parece que há chances de um forte movimento de alta acima da resistência de US $ 28.400 nas próximas sessões.

Despite the company’s counter-claims, the SEC probably wants to sue Ripple.

Ripple is being sued by the US Securities and Exchange Commission for allegedly selling unlicensed securities in the form of XRP tokens, Fortune said

The article is reminiscent of a similar report on Coinbase in the New York Times, which deals with the stock exchange’s handling of colored employees. Ripple CEO Brad Garlinghouse took an unusual step and posted on Twitter to get the public to discuss the matter.

Bitcoin ( BTC ) and Ether ( ETH ) have both not yet been attacked by the SEC due to their decentralized nature. The XRP, the Ripple token, has long been criticized by some members of the crypto community for being highly centralized. Ripple has an escrow account with around 50 billion XRP. That is about half of the total offer. David Schwartz, the company’s technical director, claims it was a “gift” from the creators of the third largest cryptocurrency.

Despite class actions and split views between the original founders, Ripple survived to become one of the richest companies in the fintech industry. Its reserve, held primarily in XRP, is theoretically close to $ 25 billion, even after the dramatic 13.5 percent drop following news of the lawsuit.

A Ripple source told Cointelegraph:

“There’s no chance that XRP isn’t a security.”

Ripple posted a Wells submission document on its website explaining its position. It states: “When the commission claims that Ripple’s XRP distributions are investment contracts, while also saying that Bitcoin and Ether are not securities, it is picking winners and losers in the virtual currency space itself, destroying a consumer-friendly innovation from the USA.”

The company continued to claim without evidence that Bitcoin and Ether were “two China-controlled virtual currencies that the SEC has classified as non-securities” and that “innovation in the cryptocurrency industry will be completely ceded to China,” should the potential lawsuit SEC be successful.

According to Fortune , it is expected that Garlinghouse and co-founder Chris Larsen, whose common fortune is estimated at 13 billion US dollars, are named as defendants in the lawsuit.

Garlinghouse has stated that despite the designation of XRP as a security, Ripple would continue to thrive . However, the company recently said it was looking for new headquarters outside of the United States, claiming the lack of regulatory clarity compelled it.

Cointelegraph has asked Ripple for comment on whether Larsen and Garlinghouse will remain in the United States in light of the potential lawsuit. However, no answer had been received by the editorial deadline.

The use of blockchain technology is an integral part of the shift in the fashion industry from a down-to-earth and slow-moving one to an early-reacting industry that uses disruptive technologies to meet the demands of the 21st century.

In view of the recent increase in consumer demands for transparency, several fashion companies are currently implementing procedures to enable efficient monitoring of the supply and distribution chains. By combining blockchain technology with physical RFID chips or QR codes, companies can track the various steps between procuring the raw materials required for a garment and distributing the garment to the end user. In addition, blockchains can be used to ensure that the process is carried out consistently in an ethical, sustainable and safe manner by monitoring the intermediaries.

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Blockchain technology can also be used to protect fashion companies’ intellectual property from misuse. That can boost consumer confidence because the risk of fraud and counterfeit products decreases. In order to ensure the availability of the information necessary to protect their designs, companies can demonstrate their ownership and manufacturing. For example, by recording their manufacturing processes in a blockchain. Additionally, distributed ledgers make it possible to track goods from retailers and consumers from the production phase through to the sale of second-hand goods.

Earlier this year, luxury goods conglomerate LVMH launched a blockchain platform to make it easier for consumers to authenticate luxury products . The ledger provides consumers with transparent product history information, including events in the design, production, sales, and transaction processes. Several Swedish brands like Filippa K and Asket have also started implementing blockchain technology in order to achieve complete transparency towards consumers.

In addition, smart contracts on blockchain platforms such as Ethereum can be used to automate the actions related to contractual obligations, provided the specified criteria are met. A smart contract can therefore be described as a software implementation of an underlying contract; with the advantage that the enforcement and execution of the contract can be made more effective.

Lots of potential, but also open questions

Despite the fact that there are still legal uncertainties surrounding blockchain technologies, authorities and courts have so far provided limited guidance. As such, blockchain technology is largely unregulated but subject to applicable legislation. While the acid test is still pending, blockchains could help provide convincing evidence in civil proceedings in the fashion industry, as the information stored on a blockchain can be considered secure and immutable.

In addition, it is still unclear how the current contract law will be applied to smart contracts. Failure to perform automated actions as part of a smart contract can lead to unforeseen challenges due to technical problems, for example. Can the debtor be held liable for non-execution of a payment if execution is beyond his control?

Despite the uncertainties, most companies in the fashion industry could arguably benefit from implementing blockchain technology. Significant upfront investments and the reorganization of largely functioning administrative processes can, however, represent the first hurdles when implementing new blockchain technologies.

Le plan élaboré par Volodymyr Kvashuk est la première affaire de Bitcoin aux États-Unis qui comporte un volet fiscal, a déclaré l’IRS.

Un service de mixage de Bitcoin pour masquer l’origine des fonds. Obturateur d’images
En bref

Un ancien ingénieur de Microsoft a été emprisonné pendant neuf ans après avoir escroqué son employeur de 10 millions de dollars.
Selon l’IRS, cette affaire est la première de ce type aux États-Unis concernant Bitcoin et la fiscalité.
Volodymyr Kvashuk a utilisé un service de mixage de Bitcoin pour masquer l’origine des fonds entrant sur son compte bancaire.

Un ancien développeur de Microsoft a été condamné à neuf ans de prison par un tribunal du district de Seattle après avoir mis au point un plan complexe, impliquant Bitcoin, pour escroquer son employeur de 10 millions de dollars. Cette affaire est la première du genre aux États-Unis, selon un communiqué de presse du ministère de la justice publié lundi.

Le tribunal a appris que le citoyen ukrainien Volodymyr Kvashuk, 26 ans, a utilisé l’accès de son employé pour voler des fonds sur des cartes cadeaux numériques, alors qu’il travaillait chez Microsoft en 2016. Il a ensuite revendu la valeur en ligne et utilisé le produit de la vente pour acheter une maison de 1,6 million de dollars, une voiture Tesla et d’autres produits de luxe.
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Kvashuk a utilisé un service de mixage de Bitcoin pour masquer la source des fonds entrant sur son compte bancaire, et a utilisé les comptes tests de ses collègues pour voler encore plus de fonds, selon l’annonce.

• BTC
• +33.69% $15207.95
• 24H7J1M1AAmax
• 11Oct 15Oct 19Oct 23Oct 27Oct 31Nov 4Nov 8110001200013000140001500016000
• Prix de la CTB

En février, un jury l’a condamné pour blanchiment d’argent, fraude électronique, vol d’identité, fraude par dispositif d’accès et accès à un ordinateur protégé dans le cadre d’une fraude. Il a notamment été reconnu coupable de fausses déclarations fiscales.
Procès “Cryptoqueen” : L’avocat de OneCoin reconnu coupable de blanchiment d’argent

Un avocat américain a été reconnu coupable de son rôle dans l’escroquerie à la cryptocriminalité de 5 milliards de dollars de OneCoin et risque une peine de 50 ans de prison.

“Les actes criminels de Kvashuk, à savoir le vol de Microsoft et le dépôt de fausses déclarations d’impôts, sont la première affaire Bitcoin du pays qui comporte un volet fiscal”, a déclaré l’agent spécial Ryan Korner de l’IRS. “En termes simples, la condamnation prononcée aujourd’hui prouve que vous ne pouvez pas voler de l’argent via Internet et penser que Bitcoin va cacher vos comportements criminels.

Kvashuk a été condamné à payer 8 344 586 dollars de restitution, et pourrait être expulsé à l’issue de sa peine de prison.

Bitcoin has a zero correlation with stocks once again and critics were wrong to doubt its safe haven status, says Morgan Creek Digital co-founder.

The price of Bitcoin (BTC) “couldn’t be more out of sync” with the stock market, says Anthony Pompliano, as the data shows that BTC is outperforming the macro-assets.

In a series of tweets on Oct. 26, Morgan Creek Digital co-founder, also known as “Pomp,” criticized critics for their accusations that Bitcoin was a poor reserve of value.

Pomp on Bitcoin’s safe haven: “The market is proving it”
Pompliano uploaded a graph from the Santiment behavioral analysis platform, showing that Bitcoin reached 0 for a 30-day correlation with the S&P 500.

“It couldn’t be less correlated than it is now,” he added in comments.

Bitcoin vs. S&P 500 Moving Correlation Chart: Anthony Pompliano/Twitter

Continuing, Pompliano noted that Bitcoin has outperformed the returns of macro assets since the collapse of the Coronavirus in March of this year.

“So how did Bitcoin do during an economic downturn? It outperformed stocks, bonds, gold, oil and just about everything else. It also has little or no correlation over any significant amount of time,” he summarized.

“Bitcoin is the ultimate safe haven and the market is proving it.

At around USD 13,150, the BTC/USD pair has offered investors annual returns to date of 83%, versus 24% for gold and 6% for the S&P 500, confirm the data from the on-chain monitoring resource Skew.

For Pompliano, the above correlation between Bitcoin and these assets was simply a short term phenomenon induced by the March events.

“During liquidity crises, all asset correlations tend to 1. This was a temporary thing and happened to gold, stocks etc.” he wrote.

Bitcoin vs. macro asset performance Source: Skew

No more correlation?
As Cointelegraph reported, a consensus has been building that Bitcoin is not only abandoning its correlation with stocks and others, but that this will be a definitive turning point that will not be reversed.

Among those promoting the idea is Willy Woo, the statistician and creator of the Woobull data resource, who continues to double Bitcoin’s bet on his own sooner rather than later.

“Decoupling is upon us,” he tweeted last week.

“It makes sense that BTC will continue to be correlated in short term trading; but not in the longer term. BTC is a safe haven, only ‘risk’ (which means it is very new) is skewing this fact.

PayPal’s announcement regarding its cryptomone currency acted as a trigger that brought the price of Bitcoin (BTC) to a new 52-week high. During such news-based events, traders holding short positions were caught off guard and forced to hedge their trades, resulting in the kind of bearish contraction that was seen during the October 21 rally.

However, after this initial explosion, the next stage of the uptrend is only possible if demand recovers and bullishers continue to buy at higher levels.

Huobi exchange data suggests that professional traders are not convinced that the current rally justifies opening long positions, and Cointelegraph’s collaborator Marcel Pechman explained that this could be a downward signal.

On the other hand, the open interest in CME’s Bitcoin futures paints a different picture. The WEC has now become the second largest Bitcoin futures market in terms of open interest, second only to OKEx. This suggests that institutional demand may be picking up.

This opposite set of data from the Bitcoin futures exchanges only increases confusion among traders about the next possible move.

Let’s dig a little deeper into trader psychology for a better understanding. Institutional investors rarely buy because of FOMO, as they are generally more reluctant.

These big traders can wait for the rally to continue and complete a new successful breakout level test before buying.

Let’s take a look at the top 10 crypto currencies to determine what the technical indicators are projecting.

BTC/USD

The Bitcoin price (BTC) exploded and closed above the USD 12.460 resistance on October 21. This move helped the kryptonie reach a new 52-week high, which is a sign of strength.

The 20-day moving average (USD 11,679) is increasing and the 50-day simple moving average (USD 10,943) has also begun to rise. This shows that both the short and medium term trends are in favour of the upside.

However, the rally above USD 13,000 pushed the relative strength index close to 81, a level that attracted the profit reserve the last two times it was reached.

The BTC/USD is facing selling above USD 13,000, but the bulls do not appear to be in a hurry to close their positions. If the pair does not fall below USD 12,460 in the next few days, the possibility of a rebound to USD 14,000 will increase.

Conversely, if bearishers can get the price below the USD 12,460-USD 12,050 support zone, it will suggest a lack of demand at higher levels. Such a move will suggest that the current breakout was a bearish trap.

ETH/USD

Ether (ETH) exploded and closed above USD 395 on 22 October. This move completed the upward triangle pattern, which has a target of USD 478.

The 20-day EMA on the rise (USD 377) and the RSI in positive territory suggest that bullish players have the upper hand.

If successful, it will indicate that the current breakout was false. If they are successful it will indicate that the current breakout was false.

Conversely, if the ETH/USD bounces off the USD 395 level, it will suggest that the breakout is valid. The uptrend could gain momentum after the bulls push the price above USD 421.

XRP/USD

XRP attempted to rise above the USD 0.2295-USD 0.26 range on 21 October, but the bullish side was unable to close the price above USD 0.26. This suggests a lack of buyers at the higher levels.

The fact that the XRP/USD did not move out of range could have attracted the profit reserve. If the price breaks below the moving averages, it will suggest that the stock within the range is likely to extend for a few more days.

Contrary to this assumption, if the price bounces off the 20-day exponential moving average (EMA) (USD 0.24), bullishers will once again attempt to move the pair above the USD 0.26 resistance zone to USD 0.265763.

A breakout and a close (UTC time) above the resistance zone will complete a reversed shoulder-head-shoulder pattern that could signal the beginning of a new uptrend with a USD 0.30 target.

BCH/USD

Bitcoin Cash (BCH) is currently facing a sale near the general resistance at USD 280. This shows that the bearishers are trying to keep the price below this level. If successful, a drop to the 20-day EMA (USD 247) is possible.

However, the rising 20-day EMA and the RSI near the oversold zone suggest that the path of least resistance is upward.

If the bulls can push the price above USD 280, a move to USD 300 is possible. This level could act as a resistance, but if the bulls can push the price above it, the BCH/USD could resume the uptrend and reach USD 326.30- USD 337.90.

This bullish view will be invalidated if the pair falls from the current levels and breaks below the critical support at USD 242.

BNB/USD

Binance Coin (BNB) crossed the bearish trend line on October 22nd. This suggests that the correction may be over. Rising moving averages and the RSI above 56 suggest that the bullish side has the upper hand.

If bullish drivers can push the price above USD 31.9798, a new test of the 52-week peak at USD 33.3888 is possible. A breakout and a close above this level could resume the uptrend that may challenge the historical peak of USD 39.5941.

This upward view will be invalidated if the price continues to fall from current levels and falls below USD 28.50. Such a move could initiate a deeper correction to USD 22.

LINK/USD

Chainlink (LINK) completed an upward triangle pattern when it broke and closed above USD 11,8028 on 22 October. The target for this bullish configuration is USD 15.

The 20-day moving exponential average (MEA) gradually rising (USD 10.71) and the Relative Strength Index (RSI) above 57 suggest that the bullish side has the upper hand.

The 20-day moving average (EMA) is gradually rising (USD 10.71) and the Relative Strength Index (RSI) is above 57, suggesting that the upside has the advantage. They are currently trying to drag the price below the USD 11,199 – USD 11,8028 support zone. If they manage to do so, it will suggest that the current breakout was a bullish trap.

On the other hand, if the bears fail to hold the price below the support zone, it will indicate that the bulls are accumulating in declines. This could increase the possibility of a rally to USD 13.28 or higher.

DOT/USD

Polkadot (DOT) closed above the 20-day EMA (USD 4.17) on 22 October. Bullish market participants will now attempt to push the price above the upper resistance level of USD 4.6112. A close above this resistance could take the price to USD 5.5899.

The 20-day EMA has stabilised and the RSI has risen above 50 levels for the first time in over a month. This suggests that selling pressure has been reduced and the bulls are attempting to return.

However, if the price falls below the 20-day EMA again, the DOT/USD could extend its stay within the range for a few more days. The pair could turn negative if the bearishers drop the pair below the critical support level of USD 3.5321.

LTC/USD

Litecoin (LTC) completed a reverse shoulder, head and shoulder pattern when it burst and closed above the USD 51-USD 52.36 resistance zone. The target pattern of this upward reversal configuration is USD 61.

The 20 day upward EMA (USD 49) and the RSI near the overbought zone suggest that the bullishers are in control.

However, after the initial rise, the price may test the breakout zone again from USD 51 to USD 52.36. If the bullish side buys the drop in this zone and the price recovers sharply, it will suggest that the zone may act as a floor in the future.

This bullish view will be invalidated if the bears drag and hold the LTC/USD below USD 51. Such a move will suggest that the current breakout was a bullish trap.

ADA/USD

Cardano (ADA) has been operating in a rising wedge pattern for the past few days. The bullish market has failed to push the price above the immediate resistance at USD 0.1142241, showing a lack of demand at higher levels.

The upward wedge is generally considered a bearish configuration. The pattern will be completed when the price falls and closes below the wedge support line. Such a move could drag the price down to USD 0.090 and then to USD 0.0755701.

However, the rising 20-day EMA (USD 0.10) and the RSI in the positive zone suggest a smaller advantage for the bullish side. If buyers can push the price above the wedge, the ADA/USD could begin an upward movement that could reach as high as USD 0.01445.

BSV/USD

Bitcoin SV (BSV) has formed a symmetrical triangle pattern, showing indecision between the upside and downside. Although the bulls had pushed the price above the triangle on 22 October, they were unable to sustain the higher levels.

The price has dropped from the downward trend line and the bearishers will now attempt to push the BSV/USD pair down to the upward trend line of the triangle. If this support is broken, a fall to USD 146.20 is possible.

Conversely, if the pair bounces off the upward trend line, bullishers will once again attempt to push the price above the triangle. If they can achieve this, a rise to $180.63 and then $227 may be within the possibilities.