The June Review

Published in

SwissBorg DAO

10 min readJun 27, 2019

June ended with a Bitcoin blast off, passing the critical $10,000 barrier and nearing $13k as I write. At SwissBorg, we were delighted to see our community of app players, predicting the price of Bitcoin, reaching the 20k active players’ mark. While our tech team is working tirelessly to produce our show-case product, the SwissBorg Wealth App on time, our marketing and communications team have been busy with events, meetups, interviews, articles, vlogs and producing content that has two main goals: educating and growing our community.

We began the month with a well-attended meetup in Lausanne, at our headquarters, with talks about Bitcoin and Ethereum and the use of blockchain technology in charitable ventures. Besides sharing ideas and making new friends, we, as always, used the occasion to encourage the attendees to join us and play the price prediction game in our SwissBorg Community app.

In London, we had the opportunity to be a partner at the CryptoCompare Summit, where we spread our love for the Community app and our enthusiasm for the upcoming Wealth app.

We continue our efforts of expanding into Asia. Our Head of Asia, Ken Yagami, headed to Singapore with Amber Chook our Asia Head of PR, where he received a prestigious award in asset management alongside other prominent companies in the Asian crypto-space.

Our Head of Communication, Alex Fazel, increased the viewers of his Cryptonites Youtube series conducting fascinating interviews with crypto experts and influencers. Thanks to his efforts, our presence in the London blockchain scene has significantly increased and hardly a week goes by without SwissBorg attending a crypto meetup or panel.

Our Legal Team has been busy with the preparation and is on track for the Maltese license.

Download The SwissBorg Community app, if you haven’t already and predict, learn and earn Bitcoin!

June MBA 6.26.2019

By Bastien Muster

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.

Bitcoin Monthly Analysis

Current price (26.6.2019): $12’569

Closest Support / Resistance level: $10’000 / $13’000

Change in price (monthly): +46%

Change in volume (monthly): -28%

BTC/USD (weekly): Price, 20-weeks moving average, Bollinger Bands, RSI(14), MACD lines and volume. (Source: tradingview.com)

In early June, bitcoin briefly fell below the 20-day moving average when it dropped from $8’800 to $7’300 in a few days. Despite this correction that could have feared a bearish “Head-and-Shoulder” pattern, bitcoin found strong support at $7’500.
Since then, the price has taken a parabolic rise to reach over $9’000 and above all, to break through the psychological level at $10'000.
Driven by the announcement of the Facebook’s Libra project(development of a global cryptocurrencies backed by fiat currencies) and its fundamentals, bitcoin is currently being traded at $13’000, one of the last resistances before the all-time high of $20'000.
In 2017, it took a little less than two weeks to go from $10’000 to $20’000. Nevertheless, it seems that the current movement is different from more institutional investors. Indeed, retail investors seem to be less numerous, as shown by google searches for the word Bitcoin, which are 5 times less important than at the end of 2017.
With traditional media echoing the spectacular rise, it is likely that the fear of missing an opportunity will soon reach retail investors.
Currently, the market capitalisation has exceeded 350 billion dollars with a bitcoin that holds 62% of the total. Indeed, in addition to external money, traders sold their altcoins to accumulate bitcoin during this rise.
In terms of technical indicators, the momentum is extremely bullish, and all indicators point to an extremely overbought period.
Although the rise is not yet as sharp as in 2017, the price is very far from the moving average as indicated by the Bollinger Bands and the RSI is at its highest level since late 2017.

What could we expect for the future?

The next few days and weeks will be extremely exciting to follow. If the price can break through the $13’000, there will be no significant resistance left before the $20’000, and we can imagine that this level will be tested. At that moment, a very strong technical and psychological resistance will be encountered, and anything is possible. The most bullish scenario would see Bitcoin pass this level to continue a spectacular ascent (Tom Lee estimates that the Bitcoin can reach 40k in the coming months). Especially if retail investors come into play.

However, we must remain cautious. The current rise is not technically healthy. All technical indicators show an abnormality and the probability of the price returning to the mean is high. A major correction will occur one day or the other before the Bitcoin stabilises. Such a correction could be a good thing to build an intermediate support.

Once the bullish momentum has calmed down for Bitcoin, it will also be fascinating to see how the altcoins will behave. Some of the profits will likely be injected into the most promising and devalued altcoins. Until then, the dominance of Bitcoin is likely to increase further.

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 time 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 of time. 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.

Cryptonites interview with Naeem Aslam, QFA of Forbes

Packed with information about crypto finance & how to use the best technical indicators. From newbie to expert, there is something in it for you! Don’t forget to hit the subscribe button for the weekly series.

The Community App Monthly Report (May to June)

by Bastien Muster

Twenty thousand players have joined the Community App since its launch. The competition has never been this intense with bitcoin trading sideways. Making the right prediction is hugely challenging for all players, the pressure in the rankings goes from the top to the bottom: it’s extremely tight!

We are pleased to announce that our hall of fame is well populated with 70 players who have collected all the badges. More than 130 other players are very close to the holy grail!

As it has now become a monthly custom of ours, this report shares with you key statistics and insights on players’ performances and updates on your chances of receiving rewards. (We are paying particular attention to the competition’s fairness to ensure that new players are rewarded if they are good forecasters).

In addition to the interview with one of our players, we give you a very useful tip to easily earn +3000 points and have the possibility to take more risk on your forecasts to catch up with your opponents! Read more here.

How to Apply Technical Analysis to Cryptocurrencies

Technical analysis is the study of statistical trends, collected from historical price and volume data, to identify opportunities for trade. Technical analysts observe patterns of price movements, trading signal and other analytical tools to evaluate the strength and weakness of an asset.

Technical Analysis can be applied to any security with historical trading data such as cryptocurrencies, forex, commodities and stocks. Read how you can apply technical analysis to the cryptocurrency market here.

Legal Update

Our Legal Team reports that corporate governance is being structured to comply with the requirements of the Maltese licence. We are preparing all the specifications made by the authorities, internally, to meet the deadlines for the filling.

Community Update

By Otilia Gudana

In the last weeks, we have been putting our efforts into creating a new form of organisation for our Community members: the SwissBorg DAO.

In the coming days, the SwissBorg DAO organisational chart will be made public. Participants will be able to choose from different tasks that the SwissBorg team will post regularly and will be rewarded for all their efforts on the blockchain. Based on the “Proof of Work” concept, it is a similar program to the Swarm Intelligence Platform on Reddit. Read more about the Swarm Intelligence Platform here.

The only difference with the SIP is that we now have spread our wings and found a new way to make the platform accessible to everyone. By including more than just our subreddit readers, we hope to incentivise and connect with more people in the blockchain space.

This shift will enable the reduction of costs of coordination, lifting the scale and efficiency of our planning and organisation to new levels. We believe that this model will trigger a change in the future landscape of work and business, and eventually lead to social change. Stay tuned and let´s rock together!

Bitcoin: a Bubble or the Ultimate Global Currency?

Watch our founder Cyrus Fazel discuss the history and promise of Bitcoin.

Lausanne Beer Garden Talks: Ethereum & Bitcoin, Today and Tomorrow

Many thanks to all who attended our Lausanne Blockchain Unchained meet-up. Special thanks to our guest speakers Mike Kalomeni of @Elementus_io and Virginie Pache & Alexia Pache of Impact Together. With a full house & engaging talks, it was a wonderful occasion to explore the future of blockchain technology. Stay tuned for our next event!

World Blockchain Forum Singapore Awards Ken Yagami for Best Asset Management

Our very own Ken Yagami, head of SwissBorg Asia, received the Best Blockchain Award for Asset Management at the World Blockchain Forum 2019 Singapore, alongside our good friends at PundiX & Infinity Blockchain Labs! Winners in other categories include Liquid,bitFlyer,BitMEX, Fenbushi Capital, Nose Capital,CoinPost Inc. Japan, and @Bishiije Media, all major players in the Asia blockchain scene.

Christophe Diserens at the Zurich Blockchain Innovation in Life

Our CBDO, Christophe Diserens, gave a talk at the Blockchain Innovation in Life Science event on June 12 in Zurich. He shared blockchain stories and strategies & held a crypto contest.

Crypto Compare Partnership and Summit

We rocked our booth at the CryptoCompare’s event! We made new connections & saw familiar faces, best of all we shared vision and know-how.

Upcoming Events

We have the pleasure of announcing that we are partnering with one of the most prestigious fintech events in the world. If you are in London and need discounted tickets use this code: “SWISS”. Don’t forget to drop by and say hello at our booth too! Get your tickets here.