DueDEX: What’s Happening in Crypto World Today? — Nov. 8th, 2019

1. Mainstream Currency Price as of 12:00 PM UTC from Coinbase Pro:
· BTC — 9,000.50USD
· ETH — 183.40USD
· EOS — 3.493USD
· XRP —0.2784USD
3. Crypto Updates:
· Could Blockchain Technology Prevent the Next Financial Crisis?
A central bank’s role is to manage a nation’s currency, money supply and interest rates. The United States did not have a central bank until 1913, when Woodrow Wilson signed the Federal Reserve Act into law. Since then, the Federal Reserve has been accountable for the elasticity of the U.S. economy through the expansion and contraction of liquidity in the form of credit and new fiat money supply. Retail and institutional banks abide by the Fed’s stringent economic rules, which in turn trickle down to affect the daily lives of entrepreneurs, corporations, investors, markets and the consumer.
· FTC Commissioner Cites Libra In Support of Fed’s Real-Time Payment System
The Libra cryptocurrency project should be sufficient motivation for the Federal Reserve launch a real-time payments system, a senior government official wrote Thursday.
Federal Trade Commission (FTC) commissioner Rohit Chopra wrote a letter to the Fed — the U.S. central bank — supporting the potential development of the “FedNow Service,” the potential high-speed payments system the group is now examining.
And, joining other government officials worldwide, Chopra criticized Libra, the Facebook-led cryptocurrency project first unveiled in June.
· Bitcoin Rallies Hardest in November — So Why Are the Charts Bearish?
So far November has started off as a relatively uneventful month for Bitcoin’s (BTC) price action but all of this could change before the weekend is over. Let’s take a quick view of the charts to see what is in store.
· Bitcoin Falls Below $9,000 as Price Teases Trading Corridor Breakdown
Bitcoin (BTC) price lost support at $9,000 on Nov. 8 after several days of downward action finally saw markets make a decisive move.
Data from Coin360 showed BTC/USD breaking out of its narrow trading corridor between $9,000 and $9,500 on early Friday.
4. Trader’s View:
· rfelchuk from Trading View: BTCUSD. Will the range low hold?

BTC has provided a weaker performance than I expected.
My strong HTF bullish expectations rest upon the preceding HUGE impulsive move.
I am still HTF bullish , the only problem is: I expected a breakout by now, which clearly is not the case.
The price has now approached the support which is also defined as the low of the range. Moreover the previous low has been taken, which opens up a whole lot of an opportunity for a SFP (i.e price has probed the liquidity)
If daily fails to hold above 8960 I expect price to slide to the 8600–8800 range where it would test the previously broken resistance from the other side.
Keep risk under control and profits be with you!
· QuantumHedgeFund from Trading View: SHORT SALES (waves) 08.11.2019

Hello!
We believe that the upward cycle with an 80% probability is over.
At the moment, we recommend considering short sales from the level of 8980, after confirmation in the form of fixing a candlestick below the level of 8980.
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.


