Post by RyanICNN on Dec 28, 2017 16:40:53 GMT -5
"The market has been volatile over the last couple of days. Does the change in behavior signal a possibility of a further fall? We shall try to forecast it using our chart analysis.
The South Korean government’s proposed regulations and curbs on cryptocurrency trading have dampened the sentiment. After all, the nation with a relatively small geographical territory is responsible for a sizeable trading volume, about one-fifth by some measures, in Bitcoin.
Nick Colas, one of the first Wall Street analysts to cover Bitcoin, believes that 2018 will see a surge in volatility with about 40 percent falls. If that happens, timing the markets become that much more important. A buy and hold strategy, similar to 2017, might not be the best way to trade Bitcoin.
We shall try to identify these turning points for our traders so that they don’t get stuck with huge losses."
CoinTelegraph
The South Korean government’s proposed regulations and curbs on cryptocurrency trading have dampened the sentiment. After all, the nation with a relatively small geographical territory is responsible for a sizeable trading volume, about one-fifth by some measures, in Bitcoin.
Nick Colas, one of the first Wall Street analysts to cover Bitcoin, believes that 2018 will see a surge in volatility with about 40 percent falls. If that happens, timing the markets become that much more important. A buy and hold strategy, similar to 2017, might not be the best way to trade Bitcoin.
We shall try to identify these turning points for our traders so that they don’t get stuck with huge losses."
CoinTelegraph
