Facebook may delay Libra launch

Facebook’s planned digital currency “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”
Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human trafficking,” Mnuchin said, adding that he is “not comfortable today” with Facebook’s launch.

They is many patches to do.

But big guns have to sustain the blockchain volumn.

Technically the weekly chart is very positive despite Libra launch delay and regulator finding fault.

Long hand like a doji but more to a upside inverted. The early red is to finish the previous bear inverted pattern, which will probably pick up mid week for the price to continue with the 13800 level.

Beleive or not BTC has a double bottom formation. Price will continue to pick up.

German 30 weekly post a indecision weekly and expect to see GDAX continue to recover from her weakness mid week.


Thank you.

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