BTC may see little correction and go down to 11500 in next 24 hours before heading towards $14,000.
''Negative sentiments about Bitcoin from''
South Korean Financial Regulators Ban Bitcoin Futures Trading.
Source: https://news.bitcoin.com/south-korean-financial-regulators-ban-bitcoin-futures-trading/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
South Korean Financial Regulators Ban Bitcoin Futures Trading.
Source: https://news.bitcoin.com/south-korean-financial-regulators-ban-bitcoin-futures-trading/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
Bitcoin News
South Korean Financial Regulators Ban Bitcoin Futures Trading
South Korea's Financial Services Commission has ordered a ban on brokers offering bitcoin futures trading to their clients.
South Korea Unveils Plans to Tax Crypto Users and Get Their Data From Exchanges
Tomorrow Events 7.12.2017
Aeternity (AE) - Hackton
Bitcoin (BTC) - Blockchain Bitcoin Conference Malta
Bitcoin Cash (BCC) - Listing on Bitstamp
Einsteinium (EMC2) - Hard Fork
IOTA (MIOTA) - London Meetup
Komodo (KMD) - Conference in Abu Dhabi
NEO (NEO) - 1st NEO event in SEA
NoLimitCoin (NLC2) - First crypto Fantasy Sport Youtube show
Power Ledger (POWR) - Talent Unleashed Awards 2017
Rebellious (REBL) - Airdrop
Solaris (XLR) - ZeroCoin Protocol Implementation
Stellar Lumens (XLM) - SatoshiPay Partnership Event in Berlin
Stellar Lumens (XLM) - SparkChain Conference in Seoul
Walton (WTC) - Guardian Masternode
XTRABYTES (XBY) - Q&A Session
ZCoin (XZC) - Znodes
Zcash (ZEC) - Listing on Huobi
Aeternity (AE) - Hackton
Bitcoin (BTC) - Blockchain Bitcoin Conference Malta
Bitcoin Cash (BCC) - Listing on Bitstamp
Einsteinium (EMC2) - Hard Fork
IOTA (MIOTA) - London Meetup
Komodo (KMD) - Conference in Abu Dhabi
NEO (NEO) - 1st NEO event in SEA
NoLimitCoin (NLC2) - First crypto Fantasy Sport Youtube show
Power Ledger (POWR) - Talent Unleashed Awards 2017
Rebellious (REBL) - Airdrop
Solaris (XLR) - ZeroCoin Protocol Implementation
Stellar Lumens (XLM) - SatoshiPay Partnership Event in Berlin
Stellar Lumens (XLM) - SparkChain Conference in Seoul
Walton (WTC) - Guardian Masternode
XTRABYTES (XBY) - Q&A Session
ZCoin (XZC) - Znodes
Zcash (ZEC) - Listing on Huobi
BTC- Correction is near
Since the low of $5450.86, on November 12, only one strategy has worked for Bitcoin, i.e., buy and hold. Traders who purchased at the lows are sitting on about 150% profits in less than a month.
However, I never anticipated such a stellar rally. I kept waiting for the dip or a consolidation that could provide an attractive entry opportunity, which never materialized.
Going back two years, we find that whenever the RSI reaches close to 89 levels, it has led to a correction, though not immediately. The current rally has pushed the RSI to the same overbought levels, which warns us that a correction is approaching.
Where can we expect Bitcoin to top out?
Bitcoin is likely to face resistance between $13380.68 and $15252.86, which are critical Fibonacci extension levels.
The target of $15252.86 is about 12% higher from the current levels. I would be wary of holding on to the currency to squeeze out the last few dollars in the trade.
I recommend booking partial profits at the current levels and trailing the stops on the remaining positions according to individual risk appetite. For the traders who are sitting on the sidelines, I suggest waiting, until we get a decent correction and a low-risk trading opportunity.
Since the low of $5450.86, on November 12, only one strategy has worked for Bitcoin, i.e., buy and hold. Traders who purchased at the lows are sitting on about 150% profits in less than a month.
However, I never anticipated such a stellar rally. I kept waiting for the dip or a consolidation that could provide an attractive entry opportunity, which never materialized.
Going back two years, we find that whenever the RSI reaches close to 89 levels, it has led to a correction, though not immediately. The current rally has pushed the RSI to the same overbought levels, which warns us that a correction is approaching.
Where can we expect Bitcoin to top out?
Bitcoin is likely to face resistance between $13380.68 and $15252.86, which are critical Fibonacci extension levels.
The target of $15252.86 is about 12% higher from the current levels. I would be wary of holding on to the currency to squeeze out the last few dollars in the trade.
I recommend booking partial profits at the current levels and trailing the stops on the remaining positions according to individual risk appetite. For the traders who are sitting on the sidelines, I suggest waiting, until we get a decent correction and a low-risk trading opportunity.
Crypto Trading Signals
BUY: FLDC now Target: 300+
Signal was shared when price was 118. FLDC hit 332. 181% Profit 🎯
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Contact: @cripsig
1: Daily 5 to 10 Trading Signals (Day Trade)
2: Free learning material and E-Books
3: ICOs, medium term and long term trading signals
4: Learning support on Graphs and charts - We will teach you how to analyse charts to know (optimal entry point) to maximise profit.
5: Portfolio advice
Contact: @cripsig
BIG NEWS: Bitcoin Will Be Legal In Russia, Mining to Be Regulated.
News: South Korea Preparing Full Crypto Exchange ‘Ban’ - Local Press