BTCUSD

BTCUSD is stuck in a strong support area. We could see it going sideways, before finding momentum

Meanwhile..Obelisk, a new ASIC manufacturer led by Siacoin developer David Vorick, has released plans for an ASIC launchpad for Proof of Work coins. Its aim is to provide new and existing cryptocurrencies with an ASIC-friendly algorithm that will mitigate the rising threat of 51% attacks. Although initially devised with the company’s own ASIC miner in mind, an open source design will allow other ASIC developers to release their own compatible units.

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As I mentioned in my analysis earlier, the price has more potential to drop down and test S1. It is slowly moving towards the target. If you are in a sell trade, make sure to lock some profits in. The pair still has potential to fall.

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Bingo $$$