DueDEX: What’s Happening in Crypto World Today? — Nov. 23rd, 2019

1 Mainstream Currency Price as of 2:00 PM UTC from Coinbase Pro:
· BTC — 7,178.46 USD
· ETH — 149.09 USD
· EOS — 2.608 USD
· XRP — 0.2315 USD

2 The Fear & Greed Index: 23— Extreme Fear

3 Crypto Updates:
· Binance CEO: ‘We Will Be Suing’ The Block Over China Police Raid Story
The CEO of cryptocurrency exchange Binance has vowed to sue industry media outlet The Block over alleged false reporting.
In an ongoing Twitter exchange on Nov. 22, Changpeng Zhao, known as CZ in crypto circles, promised to take legal action over an article that claimed Binance’s Shanghai office was receiving attention from Chinese police.
After a wide backlash over the factual accuracy of the article, during which CZ demanded the publication “apologize” but ruled out court action, The Block released a follow-up piece defending its stance.
This appeared to inflame tensions further, leading CZ to change his mind on the issue, which he originally said would be “a bit too much trouble for now.”
He wrote:
“Instead of apologizing to the community for the fake headline news of the non-existent ‘police raid’, which damaged our reputation, and $btc price, theBlock now tries to argue if there was an office, if CZ had a meeting… who cares? Own up & apologize for your mistake.”

·‘Crypto is Unstoppable’ — Bitcoin Will Hit $100K, Says Cardano Founder
Ethereum (ETH) co-founder turned Cardano (ADA) creator Charles Hoskinson said that he expects Bitcoin (BTC) to be back over $10,000 and reach $100,000 in the future.
In a tweet published on Nov. 22, Hoskinson urged the cryptocurrency community that Bitcoin is more than speculation, putting the blame on the latest drop in price on news media “FUD” — or fear, uncertainty and doubt — and market manipulation.
Because there’s more to Bitcoin than just price movements, he expects the world’s biggest cryptocurrency to see more gains in the future. He said:
“Bitcoin’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.”

· Bakkt Bitcoin Futures Set New Daily Record Trading Over $20M
Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, according to data from Intercontinental Exchange (ICE). More than $20.3 million was traded in Bitcoin — or 2728 futures contracts — on Nov. 22.
The new volume record represents a 66% increase over the previous day and is roughly 30% higher than the previous all-time high on Nov. 8.
According to ICE — the operator of 23 leading global exchanges, including the New York Stock Exchange — the last reported Bakkt contract trading price on Friday was $7,240.

4 Trader’s View:
· BillCharison from TradingView: $BITCOIN — Debriefing

The price continues moving inside the channel $6990 — $7400. Fixing above the upward border — see continuation of a growth. Breakdown of the downward border usually acts like: big red spike and then return into the channel, this option has great chances to happen.
Support is very strong and agressive, while resistance doesn’t seem even a half as strong as support does. Currently we are in accumulating phase. Priority is reversal (upward), but the decline further still can happen. We chill without any position on BTC , especially taking into account that it is weekend.

· Golden-Dragon from tradingView: BITCOIN — WEEK CHART

Today we are going to talk about BITCOIN and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.

www.DueDEX.com
Our official social platforms:
Twitter: https://twitter.com/DueDEX_Official
Telegram English: https://t.me/DueDEX_en_Official
Telegram Russian: https://t.me/DueDEX_Ru
Facebook: https://www.facebook.com/DueDEXOfficial
Steemit: https://steemit.com/@duedex

DueDEX informs readers that the views, thoughts, and opinions expressed in the content come from various sources, and does not belong to DueDEX. It does not guarantee the accuracy or possible uses of the content posted. Under no circumstances whatsoever shall DueDEX be deemed responsible or liable for any decision made or damage incurred due to the content and information posted on this social media. Every investment and trading move involves risk, doing own research should be conducted when making a decision.