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NEO’ offers to us some trade opportunities. After BTC’ drop, all the altcoins are made a throwback. The healthiest trading setup is probably on the NEO’ chart. After price has stopped, NEO’ price found the support from the strong area at $8.
The support criteria: 1. Round number act as a 2. The since mid of December 3. FIB retracement 38% 4. Old resistance from the end of December should act now as a . 5. Plus we already have tested this level and we got on the 4H chart reversal indication pattern .
This is not so strong because of the current market situation. We have to watch more what BTC’ do. If the bulls attempt to push the price upwards then NEO’ has a very high probability to bounce upwards pretty quickly.
But there is an even better setup! If the market makes another leg downwards then we might get a candle close below the mentioned levels. A 4H candle close inside the red triangle will confirm bearishness. Then we have all those criteria smashed and the ride downwards would start from there. The first target would be the $7!
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*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Ukraine’s bitcoin investment figures have shot up 500% in a single year, according to bitcoin Ukraine founder Andrey Dubetskiy.
Dubetskiy: Growth Reasons ‘Same Throughout The World’
The figures, which Dubetskiy revealed in to local news resource Payspace, represent growth from 500,000 hryvnia ($18,400) to 2.5 million ($92,000) hryvnia per week through 2016.
“The reasons behind the growth are the same as those throughout the world,” he told the publication.
Specifically, distrust of national currencies, an unstable economy, asset movement restrictions, the shadow economy, little choice and regulation of financial instruments, demand for digital and global financial instruments, growth potential for bitcoin’s price as an investment and many others.
Ukraine has become an active participant in both Blockchain studies and bitcoin as a consumer asset.
Despite its recent turbulent political and economic history, cryptocurrency usage has been fostered – or at least left untouched by premature regulation – and continues to serve as an investment alternative to the hryvnia, which since 2014 has lost two thirds of its value.
in Ukraine have also seen their best times ever in recent months, with weekly trading edging towards new highs each week.
“Considering the general upward trend in bitcoin’s exchange rate, the majority of customers are buying in order to profit from speculative operations, while some investors transfer a part of their assets to bitcoin,” Mikhael Chobanyan, CEO of local exchange Kuna.io, added.
Weak Economy + Bank Crisis = Blockchain
In a bid to bail out its creaking economic infrastructure, Ukraine was forced to main lender Privatbank last December amid concerns “panic” would arise if things were left as is.
“Other banks would not be getting their loans back from PrivatBank, a series of bankruptcies would begin, and there would be panic,” Oleksandr Savchenko, head of Kyiv’s International Institute of Business, commented on the situation prior to the move being finalized.
On the Blockchain front meanwhile, a scheme involving the Central Bank to introduce the technology to governmental processes appears to be gaining momentum.
Q3 last year saw publication of a from the National Bank of Ukraine for its Cashless Economy scheme, which set out ways and deadlines for use of Blockchain in cases such as payments.
“The [National Bank of Ukraine (NBU)] Board has approved and presented a roadmap for Cashless Economy, which will use Blockchain technology in Ukraine for the first time,” spokesman Konstantin Yarmolenko wrote on Facebook at the time in a post subsequently removed.
Elsewhere, Ukraine was the first country in the world to sanctioned bitcoin futures trading on its national exchange. Investor interest was also given as the main motivation for the move, which authorities announced in the midst of the Privatbank debacle.
What do you think about Ukraine’s bitcoin growth? Are you there and seeing changes? Let us know in the comments below!
VirtacoinPlus – Handle Your Desktop Wallet Download the XVP Desktop Wallet from: http://www.xvpworld.com/, https://bitcointalk.org/index.php?topic=1851562.0, https://www.virtacoin.plus/. I apologize for the delaying of the sound and image (and for my English too). https://docs.google.com/presentation/d/1J437nPjIRaen7ucORV2xdnoVm-pH67WU2Ve-m90c61A/present?includes_info_params=1#slide=id.gc6f73a04f_0_0
Re: PIVX: Who got rich from this? I made 372k$ from this today alone. Feels like winning the jackpot in casino. Did you cash out $372,000 in BTC or fiat? Until you do, it is […]
