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'm watching and waiting to see which way we're heading going into the weekend. If we rest above $8k going into the weekend, I'll probably be long on most of my altcoin trades. I opened a long this morning with Litecoin at $87.

I'm still looking for that magic number above $8500 for BTC. I'll be getting real bullish if we break above that level of resistance and it looks like it's starting to turn to support.

If we should fall below $7600 going into the weekend I'll be getting real bearish real quick and looking for short opportunities with any coins that have been correlating with the price of bitcoin. Could also be a good opportunity to step into a few altcoin positions.

The Days Headlines

Tron Is a Week Away from Launching SUN Network Testnet Offering 100x Scalability https://bitcoinexchangeguide.com/tron-is-a-week-away-from-launching-sun-network-testnet-offering-100x-scalability/

Ripple-backed InstaReM to roll out cross-border transactions by collaborating with Thailand’s Kasikornbank - https://ambcrypto.com/ripple-backed-instarem-to-roll-out-cross-border-transactions-by-collaborating-with-thailands-kasikornbank/

Binance CEO in second-round court battle against VC giant Sequoia Capital https://decryptmedia.com/7162/binance-ceo-in-second-round-court-battle-against-vc-giant-sequoia-capital

Galaxy Digital ditches EOS as part of portfolio rebalance
https://coinrivet.com/galaxy-digital-ditches-eos-as-part-of-portfolio-rebalance/

4 Prominent Ethereum Scaling Projects for 2019 - The Merkle Hash https://nulltx.com/4-prominent-ethereum-scaling-projects-for-2019/

Japan Scrutinizing Crypto Exchanges Ahead of G20 Summit https://www.coindesk.com/japan-scrutinizing-crypto-exchanges-ahead-of-g20-summit

Greyscale Ethereum Trust Approved https://crypto-markets.news/article/profile/158/greyscale-ethereum-trust-approved

Ethereum: Foundation Sets Goals for Coming Year https://cryptodaily.co.uk/2019/05/ethereum-foundation-sets-goals-for-coming-year

SEC Sues $26M Crypto Pyramid Scheme Operator For Selling Unregistered Securities Under PRO Currency https://bitcoinexchangeguide.com/sec-sues-26m-crypto-pyramid-scheme-operator-for-selling-unregistered-securities-under-pro-currency/

Over Usage Gives Binance Some Issues - Bull Run Around the Corner? https://cryptodaily.co.uk/2019/05/over-usage-binance-bull-run-around-the-corner

Robinhood App Launches In New York; Zero-Fee Crypto Trading On BTC, BCH, BSV, ETH, ETC, DOGE, And LTC https://bitcoinexchangeguide.com/robinhood-app-launches-in-new-york-zero-fee-crypto-trading-on-btc-bch-bsv-eth-etc-doge-and-ltc/

Crypto Milestone: Telecom Giant AT&T Now Accepting Bitcoin (BTC) Payments https://dailyhodl.com/2019/05/23/crypto-milestone-telecom-giant-att-now-accepting-bitcoin-btc-payments/

Claims that Former TRON CTO Was Sacked for Bribery https://cryptodaily.co.uk/2019/05/claims-tron-cto-sacked-bribery-theft

Next Bitcoin Bull Run Will Be First Cycle Supported By Established Financial Firms https://www.newsbtc.com/2019/05/24/next-bitcoin-bull-run-will-be-first-cycle-supported-by-established-financial-firms/

Weiss Ratings: Bitcoin Correction The Best Buying Opportunity Since 2015 https://bitcoinist.com/weiss-ratings-bitcoin-price-buy-opportunity-since-2015/

Morgan Creek CEO Says Every Investor Should Hold Some Bitcoin https://cointelegraph.com/news/morgan-creek-ceo-says-every-investor-should-hold-some-bitcoin

4 Major Concerns for HitBTC Users Confirmed by Coinfirm - The Merkle Hash https://nulltx.com/4-major-concerns-for-hitbtc-users-confirmed-by-coinfirm/

Links

State of the dApps. This site is like the coinmarketcap of dApps. Gives you all kinds of info on different dApps and the blockchains they run on. https://www.stateofthedapps.com

Thanks for reading and happy trading!

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