Crypto Industry News:

IBM has patented a system using Blockchain technology to prevent package theft using drones.

According to data published by the United States Patent and Trademark Office (USPTO), IBM will track the height of drones using the Internet of Things (IoT) altimeter, while constantly sending this data to the secure Blockchain platform.

In the future, theft of packages with the help of drones can become something ordinary. The point is that the packages will be equipped with a height sensor that is set to trigger an alarm if a significant change in height is measured outside the set criteria. When the alarm is triggered, the IoT device with GPS support will send accurate location data to the tracking module. It's like giving Amazon packages a way to call SOS when something goes wrong on the way to the buyer's home.

IBM patent describes unattended delivery of packages that can expose items to theft and other destructive behavior after package delivery and before it is received:

"The coincidence of the increase in the use of drones and the increase in the number of online purchases provides a situation in which the drone can be used with the wicked intention to anonymously take the package left at hand after delivery," we read.

Technical Market Overview:

The BTC/USD pair has retraced over 50% of the last wave up and made a local low at the level of $7,080. It means that the three-wave upwards move was a counter-trend correction that ended up at the level of $7,809 in form of a Shooting Star candlestick pattern. Since then the bears are trying to take back the control over the market and are pushing the prices towards the next target, which is 61% Fibonacci retracement located at the level of $6,973. For now, the market consolidates in the narrow zone located between the levels of $7,405 - $7,080 as the global traders await for the next move.

Weekly Pivot Points:

WR3 - $9,343

WR2 - $8,576

WS3 - $7,989

Weekly Pivot - $7,181

WS1 - $6,590

WS2 - $5,869

WS3 - $5,242

Technical recommendations:

The best strategy in the current market conditions is to trade with the larger timeframe trend, which is still down. All the shorter timeframe moves are still being treated as a counter-trend correction inside of the uptrend. When the wave 2 corrective cycles are completed, the market might will ready for another impulsive wave up of a higher degree and uptrend continuation.