The Dood Report

The Days Cryptocurrency News & Headlines

Nothing here is meant as investment or financial advice. Please seek a duly licensed professional for investment advice, not some guy on the internets who refers to himself as The Dood. Posted strictly as parody and personal opinion.

Bitcoin Chart

I used a Binance chart this evening because Gemini is in maintenance mode till 11 PM E.S.T

I'm watching this closely all evening. We need to rest around that 8550 - 8600 ranged for me to get bullish. Interestingly enough though, altcoins seem to be reacting positively with this sideways action from BTC. If we bounce off this 8550 range I'm guessing we'll test support again at $8050 .

If we break this resistance in the $8600 range it's likely we'll see a retest of $9K and the return of Vegeta memes all over crypto twitter.

In the meantime I'm watching closely. If it looks like we're retesting $8050 I'll be looking for some retracement of altcoin prices, and then possibly put in some longs with some of the major altcoins... I'll be looking at the usual suspects like LTC XMR & ZEC ...

If we rest above $8600 I'll hodl both alts and btc, I'll watch for trade volume to decrease and possibly look for some short positions around that $9K area of resistance.

This is by no means meant as financial advice, just The Dood doing The Dood. Always DYOR! Wishing you all a prosperous and fun weekend. The Dood report will return Monday! Cheers.

The Days Headlines

Ethereum Co-Founder Discusses Global Adoption, Warns Against “Goliaths” Permanent Monopoly https://bitcoinexchangeguide.com/ethereum-co-founder-discusses-global-adoption-warns-against-goliaths-permanent-monopoly/

GlobalCoin in Dire Straits: Facebook’s 2.38 Billion Aging Userbase is Not Crypto Friendly https://blockpublisher.com/globalcoin-in-dire-straits-facebooks-2-38-billion-aging-userbase-is-not-crypto-friendly/

SEC William Hinman: ICOs can become exempt from securities laws https://decrypt.co/7270/william-hinman-sec-fintech-forum

Coinbase Adds New Cryptocurrency EOS https://www.investinblockchain.com/coinbase-adds-new-cryptocurrency-eos/

IOTA Users Can Now Crypto Monetize Their WordPress Blogs with a New Pay Per Content Plugin https://bitcoinexchangeguide.com/iota-users-can-now-crypto-monetize-their-wordpress-blogs-with-a-new-pay-per-content-plugin/

Tron [TRX] and DAI move forward in the e-commerce ecosystem as WSWC announces support - https://ambcrypto.com/tron-trx-and-dai-move-forward-in-the-e-commerce-ecosystem-as-wswc-announces-support/

Huobi Cracks Down On Fake Crypto Volumes, Yet Issue Still Prevalent https://blockonomi.com/huobi-cracks-fake-crypto-volumes/

Stellar Protocol 11 Upgrade: Improved Capacity, Better Pricing and Buy Offers https://www.cryptoglobe.com/latest/2019/05/stellar-protocol-11-upgrade-improved-network-capacity-better-pricing-and-buy-offers/

Bitcoin Blender Cryptocurrency Mixing Service Shuts Itself Down https://cointelegraph.com/news/bitcoin-blender-cryptocurrency-mixing-service-shuts-itself-down

Blockchain.info Confirms In-Wallet Paxos Stablecoin Trading Rollout for June 3 https://cointelegraph.com/news/blockchaininfo-confirms-in-wallet-paxos-stablecoin-trading-rollout-for-june-3

JPMorgan Offers Privacy Feature Similar to Monero Cryptocurrency https://coinidol.com/jpmorgan-offers-privacy/

Coinbase Lists EOS (EOS) on Its Retail Platform https://sludgefeed.com/coinbase-lists-eos-on-retail-platform/

SBI Ripple Asia to Trial Store Settlement Service for XRP-Powered Payments App MoneyTap https://cointelegraph.com/news/sbi-ripple-asia-to-trial-store-settlement-service-for-xrp-powered-payments-app-moneytap

Cryptopia Crypto Exchange Liquidators Open Process for Creditor Claims
https://cryptovest.com/news/cryptopia-crypto-exchange-liquidators-open-process-for-creditor-claims/

Cryptopia first liquidators report shows it owes more than $4.2m https://www.stuff.co.nz/business/113171936/cryptopia-first-liquidators-report-shows-it-owes-more-than-42m

Binance CEO CZ Provides Breakdown Of Several Crypto Use Cases As BNB Coin Sees Massive Gain https://bitcoinexchangeguide.com/binance-ceo-cz-provides-breakdown-of-several-crypto-use-cases-as-bnb-coin-sees-massive-gain/

Led By Japan, G20 Countries To Discuss The Need For A Registry Devoted To Crypto Services Providers https://bitcoinexchangeguide.com/led-by-japan-g20-countries-to-discuss-the-need-for-a-registry-devoted-to-crypto-services-providers/

Coinbase President and COO Departs From the Company https://cointelegraph.com/news/coinbase-president-and-coo-departs-from-the-company

Paxos (PAX) Enables New Features In Its Wallet Allowing Super Fast Stablecoin Creation/Transfer https://bitcoinexchangeguide.com/paxos-pax-enables-new-features-in-its-wallet-allowing-super-fast-stablecoin-creation-transfer/

10 People Who Might Be Satoshi Nakamoto https://news.bitcoin.com/10-people-who-might-be-satoshi-nakamoto/

A Big EOS Announcement Is Looming https://cryptodaily.co.uk/2019/05/a-big-eos-announcement-is-looming

Why All Bitcoin and Crypto Investors Should Consider U2F Security Keys https://www.newsbtc.com/2019/06/01/why-all-bitcoin-and-crypto-investors-should-consider-u2f-security-keys/

Binance Research: ‘Non-Crypto Public’ is Now Getting Into Bitcoin https://bitcoinist.com/bitcoin-non-crypto-public-binance-research/

G20 International Watchdog Says Regulators Need Better Crypto Risk Assessments https://cointelegraph.com/news/g20-international-watchdog-says-regulators-need-better-crypto-risk-assessments

Thanks for reading and happy trading!

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