Crypto Industry News:
The PwC consulting company offers a new cryptocurrency audit function as part of the Halo data audit package. The new tool allows users to take a closer look at cryptocurrency transactions, providing independent, significant evidence of linking the private key and public address to determine the ownership of cryptocurrency and collect information about Blockchain transactions and balances.
PwC currently uses this product to audit clients who make Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, Litecoin, Ethereum, OAX and XRP transactions. This tool is additionally offered to companies that do not have a direct relationship with PwC, helping them to implement the processes and controls they will need to obtain reports from their auditors, says the PwC press release: " It is important for companies to continue digitization. As auditors we keep up with technological changes on the market, we develop audit tools that meet the needs of emerging technologies and serve the changing and evolving requirements of our stakeholders " - said in a statement by James Chalmers, director of the global PwC audit department.
PwC works as an auditor at the Tezos Foundation and in Hong Kong as part of the Loorping Foundation project.
Technical Overview:
The BTC/USD pair might have completed the five waves up at the level of $11,338 and is about to start the corrective cycle to the downside. So far the market is locked in a narrow range located between the levels of $10,3018 - $11,338 and any breakout below the lower support level will be a signal for a larget corrective cycle to start. Otherwise, the trend on the larger timeframe is still up and there are no signs of any trend reversal.
Weekly Pivot Points:
WR3 - $14,368
WR2 - $12,738
WR1 - $12,143
Weekly Pivot - $10,500
WS1 - $9,956
WS2 - $8,295
WS3 - $7,678
Trading Recommendations:
The best strategy in the current market conditions is to trade with the larger timeframe trend, which is still up. All the shorter timeframe moves are being treated as a correction inside of the uptrend. The larget correction is just around the corner, as all the major impulsive waves have been completed.
