Monday was looking fine all day, and Bitcoin was up 5% at most but then all of a sudden it dropped during the last hour of trading. This could be negative, but lets have a look at the daily chart here:
Comment: As you can see, we formed a hanging man today, nothing extraordinary, but if we will have a daily close below the supporting trendline, that would be negative and that level is at 13300 or so. Now, lets have a look at the hourly chart as well:
Comment: Here we can see that Bitcoin started to fall 2 hours ago and the volume picked up as well. It has continued into Tuesday, but it has also recovered a bit so we dont know yet how this will unfold.
But if you watch the video, I am showing you that Bitcoin today reached 20 on the Stochastics for the first time since September. That is extraordinary. Potentially this could be good and mean that we would get a solid foundation, but the worst case scenario could be that we could get a close below the important trendline and break out to the downside.
That is the latest on Bitcoin, lets hope for the best and prepare for the worst.
I think slow transaction times and high transaction costs are more at play here than the chart
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we got some more bad news from South Korea that the government are still considering an exchange shutdown:
https://www.zerohedge.com/news/2018-01-15/cryptos-slide-after-yet-another-south-korean-shutdown-headline
Otherwise, I agree with you that Bitcoin is like a dinosaur at the moment.
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BUEN ANALISIS
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https://www.youtube.com/watch?v=G9oCM5heh0sDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
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