Hey guys, Liam here. In my previous analysis, posted yesterday morning, I said we could see the price of Bitcoin reach 3660 over the next few hours. Amazingly, yesterday evening the price hit 3657 - 3 points below the 3660 I predicted it would hit at the beginning of the day!
It is more convenient to follow the world of cryptocurrency on YouTube. Only for users of the platform, a 'Video' section was created, where the videos are aggregated with the news of coins and blockchain daily.
Hi guys, hope you're well. The rise above 3660 I said needed to take place in order for a move up-to 3800 to begin, didn't occur yesterday. The price did rise slightly in the hours after I posted yesterday's analysis but it soon began falling again.
Hey guys, Liam here. In yesterday's analysis I marked a buy area on the reversal that took place back on Monday and said if the price returns to the area there's a high probability it will reverse. Yesterday evening we saw the price fall back to this area (black arrow), and low and behold, it reversed.
The market has begun to move up and according to CryptoTradingSchoolOnline analyst Liam Webb we could soon see the price hit 3800 again.
Hey guys, hope you're all well. In yesterday's analysis I mentioned how Bitcoin looked quite bullish, after a bearish hammer candlestick appeared but failed to cause any significant down-movement. Well, not long after that update went out a sharp rise caused the price to jump almost 5%, breaking through the yesterday's highs and the previous highs made on the 13th.
Beginning Tuesday, Malaysian securities regulators will have the power to regulate digital assets and to encrypt currency transactions.
According to the Circular of the State Securities Commission (SC), the Capital Markets and Services Act (Securities) (Digital Currency and Digital Token) of 2019 will come into force after the announcement made by the Minister of Finance on the morning of January 15.
The Act means that token products and exchanges need SC approval before they start operating and must comply with national securities laws.
“Anyone who provides ICO or operates a digital asset exchange without SC approval is convicted and sentenced to imprisonment of not more than 10 years and a fine of not more than 10 million Malaysian ringgit ($2.44 million),” Finance Minister Lim Guan Eng said in a statement. The Star Online report.
The committee also said it would work with the central bank to issue a complete legal framework for digital assets by the end of the first quarter of 2019.
The Committee explained: “The guidelines will determine criteria and best practices for the appropriateness of issuers and exchange operators, price disclosure, trading rules and customer asset protection.”
The agency said that entities dealing with digital assets should comply with AML/CFT rules and “network security and business continuity measures”.
However, Lim adds, “We believe that digital assets can be used as alternative financing channels for entrepreneurs and new businesses, and provide alternative asset classes for investors.” The Star reports.
Last month, SC jointly explained with the National Bank of Malaysia, the central bank, that the purpose of the new regulation is to “place digital assets under the supervision of the securities law to promote fair and orderly transactions and to ensure that investors are protected.”
These statements are somewhat uncertain about the regulatory status of encrypted currencies, not ICO tokens.
“People ask me whether encrypted money and digital money are legal or illegal. At present, the answer is neither illegal nor illegal, because the situation is still unclear. Malaysia’s territorial minister Khalid Abdul Samad said in a report on Saturday.
Bitcoin and Crypto Markets Face New Support Levels Following Today’s Drop
Bitcoin has failed to stabilize above $3,600, which is leading the crypto markets to now face new levels of support. Today’s downwards move has led many altcoins to plunge 6% or more, and they are showing few signs of major buying support near their current price levels.
Analysts have mixed opinions regarding exactly where the markets will find support, but there is a general consensus that Bitcoin will find some buying pressure in the low-$3,000 region, which, if this level is to be touched, could result in a bounce.
ICO Funding Continues to Plummet Amidst Crypto Bear Market
The latest statistics regarding ICO funding in recent months shows that investors continue to turn away from investing in ICO projects amidst the persisting crypto bear market.
The statistics, which were reported in the latest issue of the Diar digital asset newsletter, show that ICO fundraising in November plummeted to the lowest level of 2018.
Dcoin will list CPT/ETH on 14th January，please pay attention to ！
Hey guys, Liam here. Thought I'd give you my thoughts (pun intended) on Bitcoin, seen as its entered what seems to be a downtrend over the past week. I'll be doing daily analysis like these going forward, so keep an eye out for them if you're a trader or investor.
Okay, so on Tuesday, after hovering between 3800 to 4200 for a week, a huge decline caused Bitcoin to fall below 3800, which had acted as strong support level since late December. The break of this support, and the severity of the break, is a strong signal we are now going to see the price fall back to 3000 - 3200, since that's the last point where we saw a significant reversal took place, back in December.