1. Bitcoin's bounce at 6k looks good from a TA standpoint and I's coming with decent volume. I think we can hit at least 8500-9000 in the short term, especially if we complete the day with a hammer. 2. The SEC meeting is going to be a massive determination of crypto's future, it doesn't matter that it's decentralized. If big institutional money is to invest, it will not happen if it's deemed unsafe by the US government. 1.Bitcoin in the green seems like such a rarity. The past 6 weeks in crypto seems like 10 years in real life.
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Closed out 50% of my rebuy from the 7500 level. Still keeps me at my original hold amount from 2013
banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission
Overall positive, gov't to protect crypto but to crack down on scam ICO's.