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  1. Today, the crypto-currency market is under strong pressure and we are seeing active sales by speculators, which are caused by panic-negative sentiment due to the recent bad news. Bitcoin -4.04% is already trading near the level of 8,500.00 USD. On the other hand, this is a good opportunity for large investors to enter the market on long-term long strategies and get good prices. This idea can be confirmed by volumes that are significantly higher than those that were earlier when Bitcoin -4.04% was at levels in the range of 10,000.00 - 11,800.00 USD. If you look at the US stock index S & P500 -0.64% chart we will see that from the beginning of the year the market is at the same level. As for gold -0.04% , then with him the same story. This suggests that major investors are not very much interested in stocks and gold -0.04% . On the other hand, you can look at 10-year and 30-year US government bonds and notice that the yield has increased since the beginning of the year, and this suggests that investors generally get rid of bonds. As a result, one can consider the option that large amounts of money now enter the crypto-currency market, and given that the crypto-currencies are now in a strong correction, this idea seems to be true, because everyone knows that large investors are entering the falling market. Comment: The same can be said about the results of yesterday's trading on the coin CREDITS ("CS"). Given that the negative sentiment on the crypto market has an impact on all altcoins, "CS" also felt the pressure of sellers and declined. But if we look more closely at the dynamics of the price, then we will see purchases for large volumes in times of price reduction, which is characterized as a strategy of buying by large investors.
  2. While investors are waiting for a closed meeting of finance ministers of the G20 countries on the issue of cryptocurrency, they sell their coins, as a result of which the market is declining, it is possible to consider in more detail what will be discussed at the meeting. There are reasons for this because today Minister of Finance Vopka Hestra sent a letter to the parliament of the country where, in general terms, outlined the issues that will be considered for regulating crypto-currency. Their letter is that the exchanges and exchangers will not be closed, but subjected to debt procedures, the "ICO" market will probably be brought into compliance with the law on securities, and the crypto-currencies themselves will be equated to high-risk instruments. Given this, you can expect that the G20 meeting will have a positive impact on the market and provoke active purchases. While bitcoin -4.76% is trading in the red zone at 9 000.00 and today lost about 2.5%, due to negative investor sentiment and bad news on the market. On the other hand, the reason for selling is that many investors will prefer to sell bitcoin -4.76% , wait outside the market, and start buying when understanding comes after the G20. All this strengthens the idea of the proposed trading scenario, according to which the market will be adjusted and will give an opportunity to buy long-term at good prices. Within the framework of this week, one should expect a decline in the market and consider bybitcoin -4.76% the level of 7,800.00 - 8,000.00 how to support where the price may stop.
  3. For yesterday, bitcoin noticeably lost, as expected because of the negative sentiment in the market caused by bad news from China and investors continue to sell crypto-currencies and as a result of which bitcoin is declining. Today, one of the largest players in the financial sector, Goldman Sachs, has sent out its clients with recommendations on the market for the cryptocurrency. The newsletter talks about the level of 9,210.00, which is a strong support level and if the price cannot gain a foothold higher, then the probability of bitcoin decrease to the level of 5 922,00 is increased. At the moment, bitcoin is trading below the "Goldman Sachs level" in the range of 9,000.00 - 9,210.00 and events are negative for the market. It is worth noting that 9,000.00 strong support level, and if the price goes lower then it is likely to decrease bitcoin. Coins CREDITS ("CS") follow the general market dynamics, which plays into the hands of medium-term and long-term investors. CS coins are now trading below yesterday's prices at 0.00006 CS \ ETH and on the price chart, you can see a trading range of 0.000055 - 0.000062 CS \ ETH in which the price is likely to hold the time and allow investors to open positions to buy. This idea is confirmed by the number of buy limits of large bids placed on the KuCoin exchange.