WBM_Team

BTC – short-term bullish – positive regulations in Japan

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi Guys!
Yesterday we had a nice rally from $3950 to $4200. We used a 12H chart for the analysis.
It looks pretty decent.

The chart is over Tenkansen (red) which broke KijunSen(blue). Everything is over the cloud.
The correction bounced from the TenkanSen.
The local support is still in force – 3 times bounced from the support line.

Anyway, we have to break $4500 for good with a couple of bars above this price (look at the resistance zone ) to go further and observe (stable) uptrend.

Further technical analysis:
MACD – positive divergence
CMF - a positive trend and recently it has crossed 0 – bullish
• Weis Volume - the supply is still decreasing - all we need more demand


Beyond technical analysis - we have two good information from Japan.

1. The Financial Services Agency of Japan is considering approving exchange-traded funds which track digital assets
2. Japanese Financial Services Agency is soon to regulate Initial Coin Offerings. The regulation will involve investment limits for better protection
of the customers. Similar to how securities tokens are required to register with the American SEC in the United States, companies which intend
to issue virtual currencies in exchange for investments will be required to register with the FSA.

So this is actually very good news. As many countries such as USA, South Korea, European Union, won’t be willing to stay behind they will follow regulation in Japan.

We stay positive over the year 2019. We hope this year will bring many good regulations worldwide thus more interest and money influx from institutions.

What are your hopes our dear investors?
Are you positive?
Please leave a comment in the section below.

MASSIVE Hugs!
WBM Team
Comment:
Comment: Current situation. Not much happening except one positive info - supply is decreasing. All we need is more demand.
Join our free Telegram channel.

https://t.me/WBM_trading

🏆 VIP Group

✅ Binance, Bittrex, Forex

✅ Premium crypto and forex signals

✅ Real - time support

✅ Exact instructions (buy, sell, stop-loss)

Related Ideas

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out