Bitcoin has been putting up with what I like to call a "turtle move". Since yesterday, I had to adjust the new purple uptrend on the 4 hour chart to align with the long red wick and as you can see below, we now have an outline of a turtle!
Now let's have a closer look and switch to the 1 hour chart to see how the price is following the uptrend but still not having enough steam to go higher. It is rather decreasing the size of the upside move as we can see from the body and now head of the turtle.
I take this as a potential dangerous sign for now and I'm also expecting a move either above or below the purple line before Saturday.
In other news
Stellar (XLM) just completed an upgrade to the so called "protocol 13" which comes with 3 major features
- Fee bumps - Allows someone else to pay the fee for a transaction and also increase fee for a transaction
- Fine-grained control of asset authorization - Allows issuers to decide who can own an asset and restrict an account to buy/sell the asset
- First-class multiplexed accounts - Allows Exchanges to use a single wallet to manage multiple client accounts
You can read more about it here https://www.stellar.org/blog/protocol-13-improvements
Details on the fine-grained control here https://developers.stellar.org/docs/issuing-assets/control-asset-access/
Official announcement here https://www.stellar.org/developers-blog/protocol-13-upgrade-complete
