Bitcoin analysis for 22/01/2018 22.01.2018


Bitcoin is under intense supervision on Bali – an island in the Indonesian archipelago. Central Bank officials are trying to solve the cryptocurrencies of the country. Causa Iman Karana, head of the Indonesian Bank’s representation in Bali, said: “We have learned from some social media entries that Bali has become a haven for bitcoin transactions, and the next step will be to ban them in accordance with the law. That’s why we ask people not to use the cryptocurrency anymore. A special criminal investigation unit will enforce the principle that all transactions in Indonesia are to be made by rupees”.

The country was previously reported as having significant local consent to the use of Bitcoin, but recent reports indicate that the government is trying to limit the use of digital currencies. The risk of money laundering and criminal activity has led to increased control. Severe rhetoric against Bitcoin and other cryptocurrencies in Bali, in the eastern region is more reminiscent of China or South Korea, and more so than the milder and more open Australia.

Let’s now take a look at Bitcoin technical picture at the H4 time frame. The market managed to break out above the resistance at the level of $12,737 and fall back down towards the consolidation zone again. Currently, the price is hovering around the weekly pivot at the level of $11,440 so the bias remains neutral so far. The nearest technical support is seen at the level of $9,196 and if the correction in wave (4) is completed, the market should move higher towards the level of $12, 737 and beyond.

Exchange Rates 22.01.2018 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sebastian Seliga,
Analytical expert
InstaForex Group © 2007-2018

Benefit from analysts’ recommendations right now

Top up trading account

Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade


Source link

قالب وردپرس

We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at

Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply