In the last 24 hours, Bitcoin has reduced $ 7 dollars, which is $ 1450 less than the dollar in the last seven days. The recent high level of major cryptoscins is low ~ US $ 1150 $ 4,49, 50 or approximately 30% disappointing performance, can be considered responsible for both technical and fundamental factors.
On 4th September, China announced a complete ban on all the ICOs, suggested to withdraw any collected funds in the sale of people and ICO crowd. Indications on trade exchanges in business.
Earlier, BT CC's oldest Bitcoin market in China had announced that it will end on September 30. The competing oakones and husband have not announced yet but they can also close their doors.
Needless to say, the market has responded. According to the BLX, after the implementation of the Chinese exchange system in January, the maximum wall of daily Diwali has been indicated.
Even do not make a clear statement, and thus adding fear, uncertainty and suspicion (FDD) is a great move from the Chinese government and has happened many times in the past In China, there is more intervention in the context of more buyers in the market. These conditions are available for people of January, when the Chinese government works in Bitcoin exchange trading.
A high number of VitOn traders who love to save their identity, need to tell them about this situation. "I consider the rules to be an investor protection. In the 1920's, the United States stock market corrupt insider Taking advantage of the ongoing and general population, there were trade ports. The Securities Act of 1933 had abolished most of these, although many people would no longer say a day, thus destroying the 'west west of the stock market'. Cryptocurrency, in my childhood still in my opinion, it is only; The market operates a non-commercial pundit and a wild west by adoptive people. I hope the rule will be the best first though, coming into the big global adoption - I
I am afraid that fully cryptocorns will be easily manipulated, if not, by JP Morgan and Goldman Sachs, as seen in the world, such as the complex events of the past 7 years. " At the highest level, the CNY volume account for <18% of the commercial accounts of the exchange, but it is clear that Chinese regulators have reduced the market, Bitcoin is selling in the United Nations (CNY) markets for a significant discount, Which shows the arrival of B-Techon-Selling CNY business compared to other joints. CNY merchants who bought Billinets paid premium in the form of June.
technical analysis
Like this week, with the expansion of sales, it is important to understand why sales are coming from advanced perspective
In the weekly time frame, the amount of building and RS-Bayer degradation, which was confirmed last week. This means that the prices are increasing, it is doing low volumes and low speed, which was already there. This steam was lost.
Finally, we are reaching the date of a rollover on the Okeyoqi quarterly futures. Although the options for the quote futures contract / top price samples can be up to $ 5,000, the most recent rallies, with possible contacts of 200 E.M. on the 'Daily Chart', it can represent the interim bottom till the end of December. This is when a bull's bull can run
