The April Review
April was all about spreading our Community App love. Our team focused on raising awareness of the crypto market and of our gamified bitcoin predicting app. We produced articles, tutorials and vlogs. We gave interviews, attended and held events, and spent much of the day planning how to promote our pre-launch app.
One of the obstacles on the path of mass adoption is a lack of understanding of the space, April was all about educating and spreading the message and promise of cryptos. We now have more than 11k community members predicting the price of bitcoin and our number is growing with each forecast. They come from a broad demographic and geographic background and most seem very happy with our pre-launch app.
We are proud of our Daily Bitcoin Analysis produced by our data analyst Bastien Muster and housed on our Community App. This tool, or set of tools, helps demystify market trends and educates the user in the methods used to analyse this volatile market. In this review, you will find his Monthly Bitcoin Analysis (MBA) that studies the market over a more extended period for the benefit of our readers.
Our co-founder, Anthony Lesoismier explained in an article how, implementing an innovative strategy, we are using the Community App as a pre-launch of our show-case product, the Wealth App, coming in Q4, 2019. We collect emails, educate the public and get the community into the habit of studying the market and feeling part of an ecosystem so that once our Wealth App is released conversion will be seamless.
In London, Alex Fazel our indefatigable Head of Communications has taken the town by a storm, networking, participating on panels and hosting two meetups with prominent experts, such as Tom Lee and Naeem Aslam. His Cryptonites Vlog series, which promises in-depth discussion of cryptos, is launching its first episode in May.
In Geneva, our founder Cyrus Fazel, held a meetup at CREA where he is teaching a blockchain/fintech course this semester. We have planned more events in Toronto, Zurich and Lausanne, this spring aiming, at educating those who are still unfamiliar with this space.
Our Tokyo team used its youthful energy to spread awareness of our Community App. We hosted a full house event for university students and thus the SwissBorg Campus was born- a student meet-up using our education & entertainment brand of edutainment, aiming to attract students and bring more millennials into the crypto and blockchain space.
The month that passed was all about the Community app at SwissBorg. If you haven’t downloaded it yet- get in the game, download it here and start playing!
Community App Players in the World. Behold, our diverse and global community! Here’s a map of our Community App players’ geography!
Community App Video Tutorial: Did you know? Our Community App has many tools to help you predict the price of bitcoin. To find out how to best use the technical analysis section of our app. Watch our CBDO, Chris Diserens’, tutorial:
MONTHLY BITCOIN ANALYSIS
Disclaimer: The information on the Bitcoin Analysis is not targeted at the general public of any particular country. It is not intended to be distributed or used by residents of any country where such distribution or use would contravene any local law or regulatory requirement.
Any analysis, opinion, commentary or research-based material on our Bitcoin Analysis is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our Bitcoin Analysis are complete or accurate. We are not under any obligation to update any such material.
As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our Analysis (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.
Copyright © 2019 SwissBorg, All rights reserved.
Bitcoin Technical Analysis
Key technical indicators and observations.
Current price (30.4.2019): $5’150
Closest Support/Resistance level: $5’000 / $6’000
Change in price (monthly): +25%
Change in volume (monthly): +45%
BTC/USD (daily): Price, 20-days moving average, Golden Cross, RSI(14) and volume. (Source: tradingview.com)
- After a long period of healthy consolidation between $3’600 and $4’200 in March, the price violently broke the last resistance before $5’000.
- Symmetrically to what happened during the November crash, this break triggered a strong bullish momentum with high volatility and significant volumes. Bitcoin easily broke the low resistances to reach $5’500.
- The price has been above the 20-day moving average most of the time during April, and the RSI has reached levels not seen since December 2017.
- This strong bullish momentum could be a sign of the end of the bear market even if some analysts claim that the bottom has not yet been reached. One manifestation of this potential change in momentum over the long term is the positive cross between the 50-day moving average and the 200-day moving average, which had not been observed since 2015: the golden cross.
- The recent correction has been induced by the allegations against Tether and Bitfinex for participating in a cover-up operation. This is not the first time that the stable coin, Tether (USDT, which is pegged to the dollar), and Bitfinex have faced allegations. Bitfinex responded to these accusations by ensuring that Tether and Bitfinex are financially strong.
- The high volatility of Bitcoin and the recent correction have impacted the altcoin market. Indeed, bitcoin’s dominance has increased from 50 to nearly 55% in one month.
What could we expect for the future?
At the end of this month, the price has experienced a correction to drop back to around $5100, the current local support. A period of consolidation could be observed before a new upward momentum to potentially test the $6’000, the key resistance. On the other hand, if the buying pressure decreases with the volumes, it is likely that the correction will continue and bring us back to the $5’000 region.
If you like this kind of content, follow our Daily Bitcoin Analysis available in our Community App.
Glossary:
Moving Average (MA): Trend-following indicator derived from the simple average of the prices on a given period (for example 20 days).
RSI: The RSI (Relative Strength Index) measures the magnitude and the velocity of price movements. It is deduced from the ratio between positive and negative price changes in a given period. This momentum oscillator, measured on a scale from 0 to 100, indicates if the asset is overbought or oversold (usually, an RSI > 70% will indicate an overbought period while an RSI < 30% will indicate an oversold period).
Support/Resistance: Levels where the prices will tend to stop and could probably reverse its trend. A support level will likely tend to stop the prices dropping while resistance is a level where the selling pressure is higher and will likely stop the price rising. Once a support or resistance level are reached, the price will bounce back or breakthrough the level and continue his actual trend.
How to Launch an App
At SwissBorg, it has been 14 months that our team is working passionately on the release of our flagship product the “SwissBorg Wealth App”. We plan to launch it in Q4 this year and to become the ecosystem of reference for crypto wealth management quickly. To achieve this, we need not only a talented team to build robust technology but also the adoption of thousands of users/community members.
Insanely enough, some stories show that several successful startups manage to gather thousands or millions of potential users before even having a functional product. Their secret? A pre-launch product campaign to help them grow in popularity.
Let’s review the most famous cases and see how, at SwissBorg, we have decided to take the traditional product launch campaign to the next level. READ more HERE.
Head of Communications, Alex Fazel Reports from London
The U.K Team has been back in intense action for the past three months. To put Q1 into perspective, the U.K team has managed to build both local presences through offline channels such as panels at large conferences, keynotes and organising two meetups with tier-one speakers. Good news is the SB offline effort has also helped generated awareness Online and therefore on a more global scale with the help of multiple media channels in the U.K and France.
A huge thank you to the awesome people who have partnered with us or joined our co-community sharing, That Martini Guy and token.store.
That Martini Guy is a Crypto Youtuber out of the U.K. Mr Martini has been quite active in the space and has accumulated over 2 million views and is close to getting 30K subscribers. His content is fun, entertaining and puts hard-work in both the editing and doing due diligence. Check TMT out here below: https://t.me/NulsmanSachs. Twitter:TheMartiniGuyWY
https://twitter.com/MartiniGuyYT
Instagram:TheMartiniGuy
token.store, one of the oldest decentralized* exchanges in the Ethereum ecosystem has listed CHSB! This gives CHSB holders the opportunity to trade CHSB in a trustless manner.
*A fully decentralized platform is 100% open source and aims to be the first fully trustless DEX in the EOS ecosystem, which is audited by third parties”
token.store is a fully trustless exchange, which means that you don’t have to trust the platform to keep your assets safe. token.store never takes custody of its users’ assets: all user funds are stored on-chain in an open-source smart contract on the Ethereum network, making them as secure as ETH itself. In a world where over $1 billion was stolen from centralized exchanges in 2018 alone, trustless exchanges are increasingly important.
token.store ETH has hosted well over half a million successful transactions since its launch in 2017. To date, token.store ETH is one of the web’s most prolific decentralized exchanges and has been used by over 100,000 ETH accounts since inception. It is a top-rated decentralized application in the Ethereum ecosystem.
Since token.store’s exchange is based around a smart contract on the blockchain (on the Ethereum network), token.store qualifies as a decentralized application (a ‘dapp’). Dapps can be written on some, but not all blockchains. Ethereum is the most prominent platform for dapps. However, since the second half of 2018, a large proportion of dapp activity has moved from Ethereum to EOS and Tron. token.store is set to launch token.store EOS in late April — a trustless exchange for EOS tokens. EOS decentralized exchanges (DEXs) are easier to use than ETH DEXs, due to the nature of the EOS blockchain. token.store EOS features single-click fully trustless trades settling in under a second, no transaction or gas fees, a new user interface, fully on-chain custody and order books and a powerful API. It also features 0% trading fees for a limited time after launch.
Online Media links to Team Interviews:
- BBA conference: Alex Fazel (SB), Jens Munch Lend (IOTA), Susanne Chishti: CEO of FINTECH Circle
https://www.youtube.com/watch?v=eynbdBkk8bI - London Blockchain Week Conference: Naeem Aslam (Forbes), Michelle Chivunga from the British Blockchain Association (BBA): Lisa Short from ChangerInc: Alex Fazel (SwissBorg): https://www.youtube.com/watch?v=aijGmjYqBj4
- Cryptopulse interview with Anthony Lesoismier and Alex Fazel: https://player.fm/series/the-uks-number-1-crypto-and-blockchain-podcast/ep-90-a-new-era-of-crypto-wealth-an-interview-with-swissborg
- Cryptobriefing Article interview with Anthony Lesoismier: https://cryptobriefing.com/diy-algorithms-crypto-trading/
- EAK interview with Alex Fazel (SB)
https://www.youtube.com/watch?v=VlNk7B0dkCw&t=721s - Bull.io interview with Alex Fazel (SB)
https://www.youtube.com/watch?v=u_ZkAe_vpnc&t=19s - Online French Media appearances (Anthony LeSoismier):
https://m.youtube.com/channel/UCQdtk-KqrCNV2wxIGMdLrqA - Crypto news: https://www.youtube.com/watch?v=8K2xzc4x4lQ&vl=en
- Videobourse:https://www.youtube.com/watch?v=sNl7Y3PB5is
- Marc Raffard:https://www.youtube.com/watch?v=CpKtAX0rUJo
Blockchain Unchained Geneva Event:
An exciting line-up of experts joined our founders Cyrus Fazel & Anthony Lesosmier to speak about Swiss blockchain companies and the future of Cryptos in the banking centre of the world. The event was held at CREA where Cyrus is teaching a course this semester.
Japan Swissborg Campus:
SwissBorg Campus is a student-led global community initiative that aims to introduce crypto/blockchain to young adults and nurture Millennial Investors. Led by our talented marketing interns Riku & Stephanie, we held the official SwissBorg Campus launch party LIFTOFF at A-LIFE, the most popular club in Tokyo, and filled the space with over 150 students from 10 prestigious universities.
The lack of education about cryptocurrencies is the main reason many millennials are wary of dipping into the nascent industry. Solving this problem is the heart of SwissBorg Campus Initiative. Ken Yagami, Head of Asia, gave an engaging and insightful talk on the future of money: what is money and how can digital currencies like Bitcoin transform our world. It was a fun evening of learning, networking, and partying with like-minded peers and mentors.
Not only is SwissBorg Campus quickly attracting a large student community, but it is also attracting partners such as Coin Post, Huobi Japan, and Waseda University who look forward to collaborating at the next event.
#SBapp Photo Contest
The winner will receive 0.1 BTC! Take a picture that displays our Community App screen, post it on, Facebook, Instagram or Twitter, add: your referral code, #BorgApp, & tag us! The contest ends on May 15th.
Upcoming Events
New Hires
Don’t forget to download our Free Community App! What are you waiting for? Jump-in, download and play! Learn everything you wanted to know about the Bitcoin market without risking a penny. New to cryptos or an old hand the app promises to teach and engage.
SwissBorg is Hiring
We are looking for a Quality Assurance Engineer and more! We are a path-breaking, diverse and incredibly open-minded team. Find out if one of our many promising positions around the globe is meant for you:
