OSL Daily Update - June 23, 2020 

$BTC 24 Hour High $9,792.00
$BTC 24 Hour Low $9,315.87
$BTC +3.2%

$BTC seeing positive price action as rumors fly around Paypal launching digital currency services, allowing users to buy, sell and store their platform - these rumors appear to be driven by Paypal having created two public postings seeking crypto engineers. $BTC up +3%, unable to break 9,800 during the late American session as it corrects to 9,700 on 42.7% vol. $BTC futures volumes back up to 11B, open interest moving up 200M to 3.8B aggregated across the top exchanges. 55M short positions liquidated during the move up.

Alt watch:

  • Alts led the charge last night as all of the top coins returned to green with the market cap moving up 10B. $ETH picks up much needed momentum as it breaks through 240 (up 6.4%) with +67% in physical traded volumes to 10.9B overnight. Currently targeting 245 on the next move up with technical charts showing overbought signals after spending the last 7 days in the neutral levels. Trading above 10 day and 30 day SMA lines and at the upper Bollinger bands 
  • $DGB project receiving validation from Binance as it announces DGB/BTC and DGB/BUSD trading pairs, pumping the price up 24% in a day to 0.021. In total, its solid two month performance saw its value go up nearly 90%. 
  • $ADA continues its bull run with +6.5% overnight to 0.084 before correcting back down to 0.083. It’s up 5.6% over the past week. Peaking at 0.09 two weeks ago it’s now looking to challenge that resistance, trading on the upper Bollinger bands and 7% above 30D SMA. 

News that caught our eye:


Stay safe and may the trend be your friend!


OSL Trader View and Weekend Digest are contributed by Stefan Chu, SJ Oh, and Santiago Nazaretti



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