Well, what are you waiting for ?Govt. of China, India, Korea...have been banning Bitcoin & cryptocurrencies for a very long time now. But guess whats going on in the backyard. Just a heads up guys, im betting heavily on NEO too.
This is similar to the RSI & volume indicator in trading wherein the the price is at a constant decline and seems like there is no light at the end of the tunnel but on the other hand the there is tremendous government backed investments been made.
For instance, this is whats happening & im using this purely for illustration purpose & with the chart that shows a similar pattern ( too lazy to search for a better one). But i hope you will get the point though.
This is for the USDJPY pair. The daily trend ( red arrow) shows a price decline but the RSI ( Relative Strength Index) is going up in the opposite direction & see what happened; from 105 to 107 and thats a huge huge move tbh.
In the same way with the volume coming in to the crypto land the relative strength is on the rise in general. Banks & governments are starting to adopt this technology and i believe its going to be a hell of a ride the coming months. Fasten up!
Bitcoin : 1EDEU9A9D1pJYGkM8JaEEUgdH7U8yUNeXp
ETH & ERC 20 tokens: 0x277be3fe5b9b6fed7eff380bff320f9c1caf69a2
Hi @amreshchandra
Excellent article. I subscribed to your blog.
I will be grateful if you subscribe to my blog @dreladred
Good luck to you!
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Chinese governement is a complicated issue. On the one hand they are a major FUD producer fro crypto, on the other hand they are ready to help any internal project that can bring investment from abroad. They also stimulate blockchain technology development in China and at the same time don't even think about lifting crypto ban.
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Same going on with India too mate and probably many other countries too. They are building their own crypto currency and ...But as far as China is concerned i will still take a huge bet on NEO .
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Wow this is interesting, I pray that bitcoin and crypto should spread all over the world. That's for updating @amrashchandra
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No question about it bro...Just a matter of time
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I have faith. Investing now while prices are down because I can see where the industry is headed...mass adoption.
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Yea man, want to put in more but no liquid $ alr...haha
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Chinese government is a joke
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They ban and then they embrace
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India is now launching a new currency. Which is coming soon in the market.
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Yea i heard that too mate.lets wait and see whats in store.
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Yes
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You got a 12.66% upvote from @postpromoter courtesy of @amreshchandra!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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Thanks for share this .....
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Thank for the info.
And thank you very much for upvoting. Pls send to me your messenger and we support each other.
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Thanks for informasion mr @amreshchandra.
Best Regard from Indonesian
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