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AFTER US$5.5M PRE-SALE LYMPO LAUNCHES ICO ON FEBRUARY 17

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Vilnius, 16 February 2018: Health and wellness app Lympo¹ has raised US$5.5 million in its pre-sale, which is a strong indication of significant demand for the company’s ICO, which opens today.

The Lympo platform is gaining significant support from the health and fitness sector as well as the Blockchain community.

Lympo has signed a raft of strategic partnerships in recent weeks, including an arrangement with Blockchain payment systems company Pundi X, which allows buyers to purchase products directly with their Lympo tokens (LYM).

Lympo CEO and founder Ada Jonuse said

Lympo’s partnership with Pundi X give us access to point-of-sales technology. Cryptocurrency users will be able to shop online and at stores or gyms through a system, similar to PayPass.

The Lympo token sale starts on February 17 and will be processed through Eidoo’s ICO engine, after the companies formed a partnership earlier this week.

Through the Eidoo app, users will be able to purchase LYM tokens and receive LYM airdrops in the future.

Ms. Jonuse said:

Joining forces with Eidoo allows Lympo to reach more than 150,000 users, promoting our token sale effectively. The Eidoo wallet also gives purchasers the best user experience for managing their Lympo tokens.

Lympo is a Blockchain app that allows users to track their fitness and mindfulness activities and goals through smartphones and wearables. Users are rewarded with LYM for meeting milestones, which they can redeem on health products and services.

To promote the app, Lympo has been actively forming partnerships with elite sportspeople, including current World Champion discus thrower, Andrius Gudžius – named as a Lympo ambassador this week.

Lympo also recently invited fitness trainer and crypto millionaire Jordan Travers to become an ambassador and appointed poker player, politician and philanthropist Antanas Guoga (aka Tony G) as head of its Blockchain for Sports Foundation.

The Sports Foundation backs sporting events and initiatives to promote healthy living. Lympo users can put their tokens into the Sports Foundation, actively giving back to the fitness community.

Lympo is also creating awareness by sponsoring major sporting events, such as the world’s first ever Blockchain Marathon to be held in Lithuania in September.

All of the 15,000 marathon runners involved in the event will be given LYM tokens for participating.

Ms. Jonuse said:Lympo is working hard at building a strong group of famous athletes, sporting leaders and crypto users to help drive the success of the app. We are disrupting the fitness market by allowing people to connect with health industries directly through the use of cryptocurrency.

The Lympo token sale begins on February 17. More information can be found at

ABOUT THE LYMPO APP

Lympo is a health and wellness ecosystem, with a wallet that rewards users with Lympo tokens (LYM) for sharing and achieving their health goals. It is part of a Lympo ecosystem for health and wellness data sharing including all industry players: personal trainers, gyms, sports and wellness businesses and health insurances.

By tracking health-related data on smartphones and wearables, Lympo aims to build healthy lifestyles and grow the Lympo community. Tokens earned can be used to pay for fitness, wellness and other health-enhancing products and services.

When users sign up to the system, they will be able to aggregate and later monetize their health and sports data, allowing them to interact with health insurances, sports and wellness businesses and employers who want to encourage their staff to remain healthy.

ABOUT LYMPO BLOCKCHAIN FOR SPORTS FOUNDATION

The aim of the Lympo Blockchain for Sports Foundation is to support sporting events and initiatives around the world while promoting the Lympo app and encouraging healthy lifestyles.

Some of the Lympo tokens will be reserved for the Sports Foundation, which will be overseen by a board made up of famous athletes, Lympo partners, and leaders in sports communities from various countries.

Lympo token holders owning a considerable amount of tokens will be invited to vote on funding proposals.

ABOUT PUNDI X

Pundi X provides a point-of-sales system for retailers, allowing anyone who has cryptocurrencies to buy products through the Pundi X system. It is currently being rolled out across 12 countries.

ABOUT EIDOO

Eidoo provides an ICO engine to cryptocurrency companies to sell their tokens through a mobile app that is both Android and IOS friendly. The app allows for a transparent, safe and quick token sales process.

For further information, please contact:

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Bakkt Bitcoin Futures Will be Listed on ICE Futures Singapore

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The impact of Bakkt’s Bitcoin futures remains to be determined. Despite the overall interest not being optimal, the company will expand its presence to Singapore.

Many people still believe Bitcoin futures trading will be beneficial to the cryptocurrency industry.

BAKKT BITCOIN FUTURES COME TO SINGAPORE

Others see it as another way for the naysayers to drive the value per BTC down when they feel like it.

Bakkt is one of the multiple Bitcoin futures trading providers today.

Their core product is very different, however, as these futures are settled in cash. 

Despite a somewhat meager launch in the US, the company will receive a helping hand.

ICE Futures Singapore will begin supporting the Bakkt Bitcoin Cash Settled Monthly Futures Contract soon.

It is expected this trading vehicle will go live on December 9, 2019, barring any last-minute delays or mishaps. 

This is another way for Asian investors to be exposed to the volatile Bitcoin price trends.

For ICE Singapore, it is another powerful investment vehicle capable of leveraging its regulated market. 

The first question that comes to mind is how this will affect the value of Bitcoin in the weeks following this product launch.

Asia has seemingly been rather negative toward cryptocurrencies in many different ways.

It is certainly possible that the products by Bakkt will only drive the value down even further, at least under the current financial and geopolitical conditions. 

It will also be intriguing to see if Bakkt can note a more proper trading volume in Singapore compared to its US launch.

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Bitcoin Price Dumps Can Be Identified by One Simple Method, Notes Analyst

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The Bitcoin price often creates repetitive patterns that can be identified to predict future price movements. One such pattern is created by a long bearish upper wick and a moving average (MA) rejection.

The Bitcoin price has been known to be very volatile. Therefore, when trading, it is important to use several methods to reduce your risk — such as using stop losses, low leverage if you are margin trading, and proper trade sizing.

However, especially in the case of stop losses, significant fluctuations in the form of wicks can often trigger them. In this case, the price moves very quickly in one or the other direction before swiftly reversing. This effectively stops out traders from their current position.

However, wicks create several important patterns, which when used along with indicators can help in predicting future prices.

Cryptocurrency analyst and trader @cryptopeppa suggested that a pattern of upward wicks an a rejection once they reached the 100-hour exponential MA suggests that the Bitcoin price will decrease.

Let’s see if we can find more of these patterns and if they can be successfully used to predict the Bitcoin price.

Bitcoin’s Wick Movements

In the pattern, the Bitcoin price first initiates a downward move. After some consolidation, it begins an upward move — which is ultimately unsuccessful and leads to the creation of a long upper wick. The wick stops once it reaches the 200-hour moving average (MA) and an important Fib level. In the case below, it was the 0.5 Fib level.

Additionally, after the wick, the Bitcoin price made two more attempts at breaking out above the MA. However, both were unsuccessful. It is imperative that the price reaches a close above the MA for the reversal to be initiated.

Bitcoin Second Example

Another similar pattern transpired on November 17. After a decrease, the Bitcoin price made an attempt to retrace upwards. The first attempt ended once the price reached the 100-hour MA and the 0.618 Fib level, similar to the previous move.

However, the Bitcoin price made another attempt, which retraced fully to the pre-breakdown prices. However, the movement also ended with the creation of a long upper wick.

Bitcoin Second Example

Full Retracement

Another full retracement occurred in September.

This time, after a decrease, the Bitcoin price made a double top at the 0.618 level. This was below the 100-hour MA.

Afterward, it made an attempt at moving above the MA, which ended in a similar wick. This decrease was more easily identified since it was combined with a bearish divergence in the RSI.

Bitcoin Third Example

Conclusion

To conclude, wick rejections at a significant MA do not necessarily mean that the Bitcoin price will dump. Previous market structure plays a big role in determining if they will.

A rapid price decrease followed by an attempt at a reversal, in which a wick is created a significant Fib level and MA, very often leads to a dump. The potential for further decreases is strengthened by the presence of a bearish divergence in the RSI.

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BTC/USD Technical Analysis: Nice bounce off the intraday resistance point

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  • In another heavy day for BTC/USD technical analysis still plays out.
  • Bitcoin is now down 3.88% in the session after 7K was retaken to the upside.

BTC/USD 10-Minute Chart

On a day like this, it is hard to analyse Bitcoin on an intraday perspective but the support and resistance levels seem to be holding.

For the second day in a row, BTC/USD suffered from heavy losses and dropped another 3.88% adding to Thursday’s 5.77% fall.

7,501.46 was a support zone early in the EU session and as price moved higher toward the level the bears came back in and shorted Bitcoin.

Now bulls will be watching the consolidation high of 7,215.49 to see if the same thing happens to support upside trade.

On the daily charts, the trend is still heavily bearish but some Bitcoin analysts have noted there is often a downside flush out before a move higher.

This pattern was noted on both the 28th July and 23rd October this year.

Bitcoin Analysis

Additional Levels

BTC/USD

OVERVIEW
Today last price7319.3
Today Daily Change-296.49
Today Daily Change %-3.89
Today daily open7615.79
TRENDS
Daily SMA208764.61
Daily SMA508502.58
Daily SMA1009270.55
Daily SMA2009320.52
LEVELS
Previous Daily High8114.54
Previous Daily Low7393.27
Previous Weekly High9137.8
Previous Weekly Low8369.16
Previous Monthly High10484.7
Previous Monthly Low7300.54
Daily Fibonacci 38.2%7668.79
Daily Fibonacci 61.8%7839.01
Daily Pivot Point S17301.19
Daily Pivot Point S26986.6
Daily Pivot Point S36579.92
Daily Pivot Point R18022.46
Daily Pivot Point R28429.14
Daily Pivot Point R38743.73

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