Hello, guys!
This is my first published idea, go easy on me.
Nano is my main hold, this coin goes far! But what is happening? What is behind this fall?
Let's analyze.
The G20 will take place in March in Argentina and US Treasury Secretary Steven Mnuchin will take the cryptocurrency as the main agenda. He has stated that crypto-coins are not a threat to the financial system, he is optimistic about this new economy, but his focus is on security, he wants to ensure that malicious people do not launder money through the crypts, and wants to regulate. In addition to the US, France and Germany will also take the crypts as a guideline.
Sources:
https://www.coindesk.com/mnuchin-talk-crypto-regulation.../
https://www.cnbc.com/.../treasury-secretary-mnuchin...
https://www.cnbc.com/.../treasury-secretary-mnuchin...
I believe this fall has to do with Bitcoin, why?
Well, given the statements of these heads of state, I believe that this G20 will cause optimism in the market, BTC will grow significantly (as it is already happening). And then it will drop significantly.
This is my current projection on the BTC chart:
As you can see, it has a robust purchase candle in yesterday's closing, breaking the resistance of the 11115USD, confirming the upward triangle. The projection of this figure is equal to the first wave that gave rise to the geometric form that is equal to 1500USD (12600USD target) over the resistance line of 0.5 fib. If BTC breaks this next resistance of 11600, there will be a probability of reaching 12600USD.
Investors who were focused on the alts (in our case Nano), now return their investments in this current high of the BTC.
Conclusion: Almost all the alts are in decline at the moment, I believe that the investors who were following the alts are taking advantage of the high that the BTC is providing, when the btc falls again, the alts tend to come back as well. Everything depends on this G20.
Remarks: Let's not forget that the crew that calls by regulation is filling the pockets of cryptos now waiting for the G20.
If you agree with me, please hit like to ensure my growth.
This is my first published idea, go easy on me.
Nano is my main hold, this coin goes far! But what is happening? What is behind this fall?
Let's analyze.
The G20 will take place in March in Argentina and US Treasury Secretary Steven Mnuchin will take the cryptocurrency as the main agenda. He has stated that crypto-coins are not a threat to the financial system, he is optimistic about this new economy, but his focus is on security, he wants to ensure that malicious people do not launder money through the crypts, and wants to regulate. In addition to the US, France and Germany will also take the crypts as a guideline.
Sources:
https://www.coindesk.com/mnuchin-talk-crypto-regulation.../
https://www.cnbc.com/.../treasury-secretary-mnuchin...
https://www.cnbc.com/.../treasury-secretary-mnuchin...
I believe this fall has to do with Bitcoin, why?
Well, given the statements of these heads of state, I believe that this G20 will cause optimism in the market, BTC will grow significantly (as it is already happening). And then it will drop significantly.
This is my current projection on the BTC chart:
As you can see, it has a robust purchase candle in yesterday's closing, breaking the resistance of the 11115USD, confirming the upward triangle. The projection of this figure is equal to the first wave that gave rise to the geometric form that is equal to 1500USD (12600USD target) over the resistance line of 0.5 fib. If BTC breaks this next resistance of 11600, there will be a probability of reaching 12600USD.
Investors who were focused on the alts (in our case Nano), now return their investments in this current high of the BTC.
Conclusion: Almost all the alts are in decline at the moment, I believe that the investors who were following the alts are taking advantage of the high that the BTC is providing, when the btc falls again, the alts tend to come back as well. Everything depends on this G20.
Remarks: Let's not forget that the crew that calls by regulation is filling the pockets of cryptos now waiting for the G20.
If you agree with me, please hit like to ensure my growth.
Comment:
Just update:
