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Disputes over regulation continue

J.S. crypto — Tue, 20 Mar 2018 22:02:15 +0800

The second day in the community of crypto investors, active discussions continue as the G20 meeting on the regulation of the crypto-currency market ends. Earlier, the Financial Stability Board rejected the appeals of several countries to regulate cryptocurrency. This idea was also supported by the head of the Bank of England. But there are also those who harshly expressed their attitude toward crypto-currencies. The CSSF agency believes that crypto-currencies and ICO represent a danger to investors. BaFin (Germany) also warned the public about the risks of investing. With him, on the issue of high risks, ICO is also in agreement with the European body ESMA.

https://drive.google.com/open?id=1kZKazXWba...IAzwcvpLnb5xPZ5

Uncertainty persists that we can see in the price of bitcoin, which is still traded in a narrow range and the price can not pass above the strong resistance level of 8600.00. If you look at the 30-minute chart of the bitcoin price, you can see the graphical model of the technical analysis "triangle" which is probably realized by moving downwards. It should be noted that the price went abroad the descending channel and the next level of support is located at 8150.00, from which, in case of the appearance of positive news, there is a possibility of a price increase. If the price succeeds to pass below and gain a foothold behind it, then the probability of movement to local minima at 7200.00 increases.

https://drive.google.com/open?id=1dE8jJZIGT...woAbfphRICBxJVs

The coin of the CREDITS project ("CS") continues to be traded in the green zone the second day. After the publication of the news on the successful CREDITS alpha version of the transaction, the "CS" coin rose to 0.0009 CS / ETH levels, after which the price found support for buyers in the range of 0.00084 to 0.00089, which can be seen as a strong price support level. According to graphical analysis, the price of the coin "CS" is now in the ascending channel, which increases the probability of its further growth.

Downtrend continues

J.S. crypto — Mon, 19 Mar 2018 18:48:13 +0800

Now the mood of investors is still vague and trading operations are now mainly carried out by speculators. At the weekend it became known that another major project (Twitter) will soon ban advertising. The Japanese exchange Coincheck will stop servicing trades with three anonymous cryptocurrencies: Monero, Dash, and ZCash. The head of the Bank of England sees no reason to tighten control over digital currencies, which so far does not coincide with the opinion of other participants of the G20. But there are supporters of this idea. The Financial Stability Board does not see any reason to create new laws to regulate the cryptocurrency market but believes that it is better to revise the old ones.

https://drive.google.com/open?id=1uEbdsVKE7...RqpGzKFZQQbu6zg

For now, we see that the bearish market remains and with it the investors' expectations remain for the continuation of the downward price movement. Over the weekend, bitcoin again updated its local lows and reached the level of 7240,00, through which the trend line passes from July last year. But against the background of expectations associated with the beginning of the G20 meeting, bitcoin quickly rose to the previous level of resistance 8400,00 which the price repeatedly tested for breakdown upwards. It is too early to talk about a trend change because the price is at the upper boundary of the descending channel, which began in January of this year. Negative news and the lack of agreements between the participants of "G20" may affect speculators and the price will continue to decline. The variant with growth should be considered if the bitcoin price breaks the resistance level of 8600.00 and gain a foothold above it.

https://drive.google.com/open?id=1gL2UNTWIK...gpBemfnwCi0g22r

Past weekend was successful for the coin of the project CREDITS ("CS"), despite the fact that the entire market of crypto-currency was under the pressure of sellers. Earlier, the coin traded at a strong support level of 0.00065 CS / ETH from which the further increased. Yesterday, the news about the results of testing the alpha version of the CREDITS platform was published according to which the transaction processing speed was 488,403 transactions per second. The news was positively received by the bidders positively, which led to an increase in the price of the "CS" coin by 38% to a local maximum of 0.0008 CS / ETH in a few hours after the news was released. Now the coin is trading at the level of 0.0008633 CS / ETH and according to the price chart, one can see an uptrend.

New comments fromm politicians

J.S. crypto — Fri, 16 Mar 2018 18:41:37 +0800

Yesterday there were parliamentary hearings on the crypto-currency in the US, which was organized by the Securities Commission. It is worth noting that decisions on concrete actions were not taken and the opinions of politicians differ, some politicians consider crypto-currencies to be a "dummy", others argue that "crypto-currencies need to be carefully studied." Also, the head of the International Fund Christine Lagarde called for a more rigid regulation of the crypto-currency sector. So far, all comes down to the comments of politicians and the market continues to decline amid negative investor sentiment.
For yesterday, bitcoin again updated its local lows and reached the level of 7665.1 after it returned above the strong support level of 8000 and is currently trading in the range of 7800.00 - 8400.00. Now the trades are mostly on speculative strategies and it is worth considering the scenario in which if the price can pass below the level of 7800.00 then the stop loss order will start and we will see further downward movement.

Coin CREDITS ("CS") yesterday found support for buyers at 0.00067 CS / ETH and is currently trading above these levels. According to the data on the contract "CS", for yesterday, the number of holders of coins increased by 2152 and the volume of transactions amounted to 9.8 million coins for the day against 4.9 average. An important event yesterday was the participation of CREDITS ("CS") at the 4th Annual Block Сhain Finance & Fin-tech China in Shanghai, where CEO & Founder Igor Chugunov has presented opportunities and advantages of platform of CREDITS.
Now the coin is worth 0.00072 CS / ETH and is still in demand by investors, a large volume of bids is in the range 0.00067 - 0.0007 CS / ETH.