FSMA Rule 204 is coming into effect after the State of California won a lawsuit against the US Federal Government to enforce the law that was passed but sitting idle since the Obama Admin. Park City Group, Inc. owns the software Repositrak that has the most accreditation from the food safety industry. CEO has the pep in his step as the demand for food traceability...
Although this is probably becoming a more 'mainstream' view, I still believe BNB has lower to go. I mainly think that shorting BNBBTC is the best expression of a negative view on BNB and Binance broadly, as I think BTC will probably go higher over the next few months. As Binance struggles with all these lawsuits and faces issues in and out of the US, its...
One of the most important things in trading is forego your own wants and want what the market wants. When Glenn Neely and I first came up with the x-wave idea for BTC, I did not want to believe it was true and I continued to WANT my diametric pattern to be the end of the bear market, as it had been for the last few months. As time has gone on it gets harder to...
Seems like we are hitting a strong bearish divergence here. Breaking down from this triangle would likely mean we go to at least 20-25k, and breaking down from that support could mean we go under $16k, and likely head towards $10k. Still seems probable that Microstrategy/Saylor are forced out of at least most of their position, more so than they already have been...
Regulations are coming to the cryptocurrency markets... Regulations are not necessarily a bad thing. They can be bad for certain cities or countries but they are not bad as a whole. This is just a phase and regulations are part of our normal financial markets and reality. As a market grows, the need for regulation arises based on the monetary and political...
1) We are not in a bear market just yet, simply because we have not broken out of the support level and closed to the downside....even if we did, we still could shoot back up, as its happened before. 2) Regulations are coming, we could see BTC crash a little further before we see it go back up. However when regulations come 99% of the 19,378 cryptos will die!...
Notice how the selling of this 3rd down draft is at a reduced angle in time. In amidst the regulatory pressure from Gensler and his wide net approach of calling everything a security It is more important to ever to note the unique properties of HEX No ICO No Premine I year launch phase during which Bitcoin holders were able to claim and mint their own HEX...
RSI on the daily went down close to 30RSI. 4hr chart is already heading up and the hourly is set to make a decision sometime tonight or by tomorrow. I am bullish so I see us heading back up to $50,000 which has been resistance. Once we break this resistance, $65,000 and above will be exponential. Regulations and bans on Bitcoin up to this point seem weak for the...
The US government knows BTC competes directly with the US Dollar, and will do anything to stop it. I'm guessing they will release regulations later this year.
Sure, we are in a downturn, a bear market; so what? With a long term line of sight, it's easy to see where Bitcoin is going. Every country has laws that govern. Heavyweights like the United States and China impact global markets. Considering Bitcoin has the attention of the two largest economies in the world, it's understandable that the market is affected. Take...
I consider this as a high risk trade, because of BTC dominance we might see a low-price action, or maybe neutral, BUT! We're at a double bottom. With Binance/Bittrex US regulations, $POLY is a few of the coins that fits right into these regulations and can be trade by anyone, anywhere, so, more buyers. Playing this with a tight SL. DYOR, and trade safe.