KYRREX ANALYTICS 15.01.2019 | ETHBTC. Turn again.

Hello! The “KYRREX” project again with you and we continue our series of publications on our transactions.
As always, we share our transactions and the logic of our decisions.

In our previous BTCUSD trading idea, the deal was closed with a SELL Stop order at the price of 3700.
On January 10, the bitcoin market was quite active, with a strong bearish mood, due to its fundamental influence on the cryptocurrency. As a result, the Alpha of the crypto market lost in price about $ 400. The professionalism of the trader is to adhere to the strategy and a common sense. In this transaction, we booked a loss, but we must remember that this is an integral part of the trade. This situation is only one of many profitable and unprofitable transactions in the trading “chain”, the end result of which is an increase in the cash balance of the trader.

Today we offer to pay attention to the crypto cross ETHBTC. We can see two patterns in the picture of the chart. These patterns are called “Rails” (in blue rectangles). This pattern is reversal and, as a rule, indicates a change in mood of the market.
In the first case, the pattern worked in full, and the price went through the level of 0.03800. The second pattern signals to us that the market mood has changed to bullish again and the price will reach at least the nearest resistance level .

Therefore, we offer the following flight plan:
1. Open a trade in one of two options (which one working before)
a. BUY Limit at the price 0,03380
b. BUY Stop at the price 0, 03580
2. Set a SELL Stop order at the level of 0.03140
3. Moving to 0.03750, where we close the position with the SELL Limit order.

It was the “KYRREX” project, stay updated.
Wishing you all a cold mind and profitable trades!

* All KYRREX publications are intended only for informational and / or marketing purposes and should not be taken as economic, financial, investment advice, recommendations, or trading ideas. KYRREX does not take into account the purposes and situations of any particular trader in analytical publications and KYRREX is not responsible for any loss resulting from investment based on published analytical materials.

Published at Tue, 15 Jan 2019 10:28:05 +0000

November 19, 2017

Investors Should be More Careful in Which ICOs They Invest

As Initial Coin Offerings are rising in popularity, experts are advising investors to be careful about fraudulent token sales.

Fraudulent ICOs

Initial Coin Offerings, or ICOs, have become increasingly popular over the past year. Many interesting projects and startups have decided to raise funds through ICOs instead of through venture capitalists. According to the cryptocurrency statistics website CoinSchedule, over $3 billion was invested in many different token sales this year alone. The reason why so many individuals and hedge funds are heavily investing in ICOs is the potential high return on their investments.

Most ICOs have returned very impressive returns for the early investors, and thus they manage to catch the attention of more new investors. But some experts warn that potential fraudulent ICOs might try to abuse the current market trend in order to raise funds without delivering any products. In a recent CNBC interview, co-founder of Ethereum Joseph Lubin and CEO of Ripple Brad Garlinghouse, they gave statements regarding the current token sale trend. The Ethereum co-founder stated following:

High-quality projects, but there have been a lot of copycat projects where people copy all the same materials (and) don’t intend to deliver any value to the people buying the tokens

These fraudulent token sales have also caught the attention of the Chinese government. In a quick response, Chinese regulators decided to effectively ban any ICOs and token sales in China until the government implements proper regulations. Lubin stated following regarding the Chinese ICO ban:

With China’s political approach to things, and with the fraud that was rampant there, it made a lot of sense for them to pause things a little bit and get a better, deeper understanding of the ecosystem, and scare potential fraud perpetrators

Token sales are also a very important component in order to drive innovation in the cryptocurrency and tech community according to analysts. Garlinghouse stated following:

There are a lot of really fabulous things that get done with digital assets and blockchain technologies to reduce friction, to reduce costs, and enable things that weren’t possible before. I think instead of focusing on those, we’re distracted by what’s going on in this gray area

More Regulations?

China isn’t the only government that took a stance on ICOs. The South Korean government has also moved on banning token sales until further notice. Experts believe that more governments worldwide are going to implement and enforce regulations for token sales, in order to protect consumers and investors from scams. US and UK regulators are currently observing the ICOs markets before they decide to implement regulations. Many cryptocurrency community members believe that more regulations might hinder and potentially even damage the progress of bitcoin and blockchain technology development in the future.

What are your thoughts on fraudulent token sales? Do you think that governments should implement more regulations in order to protect investors from ICO scams? Let us know in the comments below!

Image courtesy of Pixabay

The post Investors Should be More Careful in Which ICOs They Invest appeared first on Bitcoinist.com.

KYRREX ANALYTICS 15.01.2019 | ETHBTC. Turn again.

You might be interested in …

Investors Should be More Careful in Which ICOs They Invest

Fraudulent ICOs

More Regulations?

Coinbase Exchange To Support Withdrawal Of Bitcoin Forks

SunContract [SNC] Decentralized Electricity