Only BTC will give us two completely opposite formations. Inverse H & S which is VERY BULLISH. With a bear flag formed again which broke down last time. It appears BTC is definitely trying to make a decision. If it breaks down we should see 5k. If it breaks up we could see around 9500.
https://www.banking.senate.gov/public/index.cfm/hearings?ID=D8EC44B1-F141-4778-A042-584E0F3B9D39
SEC speaking to the senate about crypto regulations
OUTCOMES OF THE SEC MEETING.
- ICOs must be regulated in order to save investors money, which will be great for the whole crypto space.
- New tokens must be seen with better depth analysis in order to sustain.
3.Educations about Cryptocurrencies and Bitcoins must be prioritized.
4.BITCOINs are in 2 ways commodity and a currency as a value of exchange.
5.New reforms and better people must be recruited in order to develop this new tech.
IN A NUTSHELL SO FAR, THE MEETING WAS BULLISH AND WE MIGHT SEE SOME GOOD REGULATIONs COMING IN IF EVERYTHING GOES WELL..WE WILL KEEP YOU UPDATED