NEWS
Brave New World for Cryptocurrency Regulation: Expert Take
"Make a note on your calendars - January 2018 was when it all changed. The freewheeling world of cryptocurrency ran headlong into an intractable wall of US regulators. Not that there weren’t hints of regulatory action in the air. The Securities and Exchange Commission had already shut down two initial coin offerings (ICOs) in December and rolled out a cyber unit with ICOs under its purview, but regulators put down their marker and turned the heat on full blast last month."
MARKET OVERVIEW
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The only chart that really matters is the Bitcoin Daily Chart. We are well into a NEGATIVE TD SEQUENTIAL COUNT. We tested the predicted $5000-$6500 level and price has now reacted off of it. There is still a high probability that price will once again retest this level before attempting a change. The important level to watch is the $8200-$8700 level. If Buyers are able to get a close with conviction above that level then there is a good probability that we will attempt to begin a new positive count.
This article is intended for educational purposes only and not meant to convey any financial advice. Trading can be a risky venture and personal due diligence is required.
We were way overdue for a correction on BTC. Glad to have been able to buy the dip. What I find interesting is, even though Altcoins saw losses too, some weren't as substantial as BTC compared on the 100MA and 200MA. Do you think that means some Altcoins are detaching themselves from the flow of BTC?
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Good observation! I do think some of the alts are starting to decouple. Lets hope the trend accelerates.
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This post has received a 1.61 % upvote from @boomerang thanks to: @opietaylor
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