Bitcoin Georgia

BTC/USD update:

Short time frame: Bitcoin is currently in a downwards spiral and seems to be falling lower and lower every day. Hoping for higher prices is now something that people are laughing at. Bulls tried to cause a breakout but failed swiftly after attempting it. We're now falling down to previous lows and possibly even lower lows. As this situation keeps on unfolding we will update you further.

On a larger time frame we see that bitcoin is being contained in a downwards headed pitchfork. This means lower prices are something to expect. Though soon there could be a breakout. If you look at this chart: https://www.coinigy.com/s/i/5af5ca6fa84cc/ you will see that we're following what happened a few weeks ago and right now we're very close to a larger breakout. How large this breakout will be is something we can't say. But things are pointing in that direction. Fractals (history is saying we're going up soon, falling wedge forming is pointing in that direction and the fact that Consensus event is only two days away makes me feel we're really ready for a breakout any minute now.

But, even if we see breakout, probably it will be stopped around 9k. All thingsare showing that we are heading down and 7k will mostly be our reality very soon.

BTC/USD Chart (GDAX) - 2018-05-11 16:53:03 @Coinigy.com BTC/USD CHART (Exchange: Global Digital Asset Exchange) Indicators used: Volume (true, 20), TEMA (9) - Interval: 60. Published on Coinigy.com @2018-05-11 16:53:03

We will always have countries that will try to ban or regulate crypto exchanges or crypto in overall but do not look at negative side only.
On the otherside, we will have also countries that will support crypto and blockchain technology.

As you may heard, Binance is coming to Malta to open their office there. Yeah, maybe they had problems in Asia overall but great tea and great project will find solution sooner or later. So, they may have short-term problems but it won't endanger their long-term vision!

" Welcome to 🇲🇹 . We aim to be the global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies "
- Joseph Muscat, the country’s prime minister, tweeted on Friday

So, if you see some news about ban or regulation or something negative, you have to know that there is always solution. 👌

https://www.bloomberg.com/news/articles/2018-03-23/the-world-s-biggest-cryptocurrency-exchange-is-moving-to-malta

Crypto Finds a Friendly EU Island in the Sun
Binance, the world’s largest cryptocurrency exchange by traded value, is seeking a fresh start in the Mediterranean.

Crypto Finds a Friendly EU Island in the Sun Binance, the world’s largest cryptocurrency exchange by traded value, is seeking a fresh start in the Mediterranean.