You can see the support/demand zone in yellow. This area can be used as support if price breaks down.
If this area holds as support, you can expect a bounce up, but if it breaks you can expect the price to continue going down. For this reason, we use a close below this area as our stop loss.
Meaning, if a closes, 4 hours per candle on this time frame/ example, below the “support/demand zone” (74.0), then we close the trade. This would be our stop loss.
Here is a full trade for Cash ( ) versus the dollar (USD).
Trade Instructions for by Alan Masters Trades
Buy: 77.1 – 79.3
Next support: 74.6
Targets:
(1) 81.7 (2) 86.6 (3) 89.5
Stop loss: Close daily below 74.0.
Capital allocation: <10%.
THE WIN IS HERE
Waiting for long with compromises to attend.
Running, running, rushing and working, determined… thinking wildly…
“One day hard work will pay”.
So you keep going on…
YES, KEEP GOING!
YOU CAN DO THIS!
YES I CAN!
The path become clearer… The clouds are no longer gray.
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Beginning Friday morning, began losing control of huge sections of their IT infrastructure.
The alarm first became public after Spanish telecommunications giant Telefonica saw 85% of its computers infiltrated with bitcoin ransomware. Screens displayed a demand for around $300 per machine to end the attack, which soon spread to countries around the world including the UK, where its public health service, the NHS, was targeted.
Comunicado de Telefónica sobre incidencia de ciberseguridad
As more details have come to light, bitcoin has taken a substantial publicity hit due to a combination of misinformation and sensationalism in the mainstream press.
UK publication the published a form of explainer for readers about bitcoin as the attack spread, in which it described the virtual currency as “the money ransomware hackers are demanding from NHS.”
Attack Fails To Shake Crypto Confidence
Not everyone was fooled by the kneejerk reaction. One response to the Mirror article reading “blaming bitcoin for ransomware is exactly like blaming the duffel bag for of cash for a kidnapping,” yet markets clearly felt the pressure.
Having reached a of almost $1870 earlier in the week, bitcoin briefly saw a to $1655 in light of the attack, subsequently recovering to sit at around $1750 at press time Saturday.
Given the scale of the attack, such resilience is remarkable, perhaps due to an already emerging sense the real weakness lies in outdated IT systems.
In the hunt to find the source of the attack, Microsoft immediately came under fire, as its perpetrators appear to have exploited a Windows vulnerability to spread WanaCrypt0r 2.
This vulnerability first hit the headlines after hacker group the Shadow Brokers in April.
Real Spotlight On Legacy Infrastructure
In the case of the NHS, which has seen doctors switch to pen and paper as a result of computers being outside staff control, running the Windows XP operating system would have made its network a ‘sitting duck’ for more modern attacks.
Despite Microsoft releasing security updates to minimize the threat from the Shadow Brokers leak, XP has not had official security updates made for several years.
Outdated infrastructure has been easy prey for ransomware attackers in the past. The scale of the problem became evident in studies last year, which suggested the majority of both smaller and larger businesses were ill-prepared for such eventualities.
Data collected by in Q3 2016 showed that 97% of common phishing emails contained ransomware.
What do you think about the WanaCrypt0r 2 attacks? Let us know in the comments below!
Images courtesy of MemeGenerator, CoinMarketCap, AdobeStock
](https://ohiobitcoin.com/storage/2019/01/xy8fp5.png "Bitcoin cash sv (learning, analysis + trade)[bsvusd](14% pp)")
](http://ohiobitcoin.com/storage/2019/01/xy8fp5.png "Bitcoin cash sv (learning, analysis + trade)[bsvusd](14% pp)")
