News :

Key Takeaways

Binance enjoyed over 50% market share in spot trading for Q1 2020.

BitMEX still leads the derivatives market, but Binance has outperformed the former in terms of volume and is catching up in open interest.

Traders fleeing BitMEX could help Binance further eat into the former's market share.

BNB has not effectively captured value from Binance's sharp growth.

$12 Million Deal On DLT

Cargill Incorporated is an American privately held global corporation, whereas Agrocorp is a large International trade firm serving markets with globally sourced commodities. Both entities recently utilized the dltledgers blockchain platform to execute their first cross-continent commodity trade for $12 million worth of wheat.

Trading recommendation:

BTC has been trading upwards. The price tested the level of $7.135, which is strong multi pivot resistance. Watch carefully the price action around $7.15. I saw the initial rejection of the multi pivot resistance at $7.115, which may be indication of the potential downside rotation.

Trading recommendation:

Rejection of the key pivot at $7.135 can opens the the door for drop towards the levels at $6.557 and $6.500. In that case selling will be preferable.

Eventual upside breakout with strong momentum may open the door for test of $7.308 and $7.445 and in that case, the buying would be preferable..

Stochastic oscillator is showing overbought condition which is another sign of potential exhaustion from buyers.

Key multi pivot resistance level is set at the price of $7.135.