the future are the cryptocurrencies

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JotaPm
Posts: 10
Joined: Wed Nov 08, 2017 1:28

the future are the cryptocurrencies

Post by JotaPm » Wed Nov 08, 2017 1:36

A solution that has a future are the cryptocurrencies, mainly Bitcoin, next I share for an economic analysis about it:
Buyers had been preparing an attack for the past two days, during which the price consolidated around 5,650 USD. After consolidating within a range of 238 USD, with pip value formula the price broke through the trend line at 5,935 USD, and then through the resistance zone from 6,020 to 6,055. By the end of the day, the price had reached the upper boundary of the U3 MA channel (average line with a period of 55 and a 9% upwards deviation). After reaching this level, the price started to undergo a correction.

There are rumours that bitcoin reaching a new all-time high could be related to the appearance of a new cryptocurrency exchange in China; ZB.com. It’s as of yet unavailable, with trading set to start on the 1st of November. The twittershpere suggests that the Chinese government may be behind this new exchange, allowing its people to trade legally on the new platform once other exchanges close on the 31st of October. Heretofore operational exchanges OKCoin, Huobi, and BTCC, have yet to publish anything on their sites with regards to closing their exchanges.

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