The best trading strategy for crypto assets is to buy on retracements. And there are some factors in favor of such moves.
Despite Chinese ban on crypto exchanges, Chinese traders are still here. They just moved to the neighbouring marketplaces - Hong Kong and Japan.
The tensions between the USA and the North Korea are keep growing, and it drives the demand on crypto currencies. The market considers Bitcoin a safe heaven in such cases.
Byzantium hardfork went into effect last Monday morning, initiating the first phase of the platform’s latest protocol upgrade. The hardfork is meant to improve the network’s privacy, scalability, and security. If everything goes right, and it looks like it does, as the average block times had fallen below 20 seconds, crypto currencies may get strong support already in the nearest future.
Thus, every move below $5,000 for Bitcoin is th best time to buy the currency with initial target at $5,800.
Despite Chinese ban on crypto exchanges, Chinese traders are still here. They just moved to the neighbouring marketplaces - Hong Kong and Japan.
The tensions between the USA and the North Korea are keep growing, and it drives the demand on crypto currencies. The market considers Bitcoin a safe heaven in such cases.
Byzantium hardfork went into effect last Monday morning, initiating the first phase of the platform’s latest protocol upgrade. The hardfork is meant to improve the network’s privacy, scalability, and security. If everything goes right, and it looks like it does, as the average block times had fallen below 20 seconds, crypto currencies may get strong support already in the nearest future.
Thus, every move below $5,000 for Bitcoin is th best time to buy the currency with initial target at $5,800.