MONTHLY BITCOIN ANALYSIS

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.

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

by Anthony Lesoismier

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

Julia Munday & Alex Fazel holding Community App QR referral flyers

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.

Tom Lee of Fundstrat giving a talk: 2019, Bitcoin Tailwinds.

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.