The Coin is Recovering.

Source and image : COINTELEGRAPH

US Moves Closer to Accepting Blockchain, Still Uncertain Over Crypto
The world that Satoshi Nakamoto — author of the Bitcoin white paper — envisioned, and others are building, is an unstoppable force. We should not attempt to deter this innovation, and governments cannot stop this innovation, and those who have tried have already failed. So the question then becomes, what are American policymakers going to do to meet the challenges and the opportunities of this new world of innovation?”

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Bitcoin weekly posted a reversal pattern and a long indecision. Very high chance next week the Coin start to recover.

Daily have form a double bottom formation and this is another signal that the price is going back up in the early week.

The correction has found correcting more than 100% reaching almost 180 to 200 percent. If she cross 8524 to 8323 is 200% correction base on 13800 and now is ranging around 9400 / 9200 area. If she cross that level she is difinitely going back to her original level of 4000.

From fundamental and technical analysis. The cryptocurrencies will be recovering as early as today.

Thank you.

Sangoh Tan (Tangoh)

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You have a great day.


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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