NEWS OUT!Bitgrails' assets FROZEN, LIMITING THE SUPPLY EVEN MORE
news.bitcoin.com/bitgrail-exchange-ordered-down-indefinitely-as-italian-court-upholds-halt/?utm_source=OneSignal Push&utm_medium=notification&utm_campaign=Push Notifications
This is particularly good thing for the Nano/btc price, however a very sad thing for all of the people who got scammed by BitGrail.
Usually in such procedures as the article mentions, it can take in between 6 months(the least) up to 3-5 years to resolve such issue with so many parties involved on an international scale(similar to Mt.Gox btc).
On the T.A side of things, I slightly made the analysis from yesterday even more detailed(news factor of today). I could definitely see the price going to the 1.62 ret., however at any point in time from now on, it can break the downward trend channel, and I would definitely acquire even more nano as % of my portfolio if the price goes to that support level.
Another factor that is contributing, could be that all of NANO's supply is actually in the market, there can't be any more nano/btc mined or sold by the developers(in case they needed some funding). With good marketing(which I think the dev's are currently working on it- from reddit), I think the price of nano/btc could go a long way!
Disclaimer:
//This is not a buy/sell signal, you decide what to do with your own money!//
As always, agree, share, comment a suggestion or a critic, all critics are more than welcomed!
P.S. A personal note, if you're into blockchain, and you do not own any Nano/btc, than you don't really embody what really blockchain is all about, and should definitely do some reading on Nano/btc.
This is particularly good thing for the Nano/btc price, however a very sad thing for all of the people who got scammed by BitGrail.
Usually in such procedures as the article mentions, it can take in between 6 months(the least) up to 3-5 years to resolve such issue with so many parties involved on an international scale(similar to Mt.Gox btc).
On the T.A side of things, I slightly made the analysis from yesterday even more detailed(news factor of today). I could definitely see the price going to the 1.62 ret., however at any point in time from now on, it can break the downward trend channel, and I would definitely acquire even more nano as % of my portfolio if the price goes to that support level.
Another factor that is contributing, could be that all of NANO's supply is actually in the market, there can't be any more nano/btc mined or sold by the developers(in case they needed some funding). With good marketing(which I think the dev's are currently working on it- from reddit), I think the price of nano/btc could go a long way!
Disclaimer:
//This is not a buy/sell signal, you decide what to do with your own money!//
As always, agree, share, comment a suggestion or a critic, all critics are more than welcomed!
P.S. A personal note, if you're into blockchain, and you do not own any Nano/btc, than you don't really embody what really blockchain is all about, and should definitely do some reading on Nano/btc.
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