Aurora Coin Technical Analysis | Breakout with strong Impulsive Move

In this post I am going to cover technical analysis of Aurora Coin for medium term trade. I am using tradingview charts and price linked to Bittrex exchange. Let' have a look on technical aspects of Aurora Coin.

Possibility on 1 hour Chart

https://imgur.com/a/CDJwX

If you look at 1 hour chart, you will see Aurora Coin has mad a big impulsive move and now it is forming a bullish flag. This is very common pattern in crypto currencies, whenever a coin breaks with big impulsive move, it pull backs and wait for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has dipped to 50 level now, so we have pull back done and next impulsive move is ready. Let's have a look on Bollinger bands, you will notice the impulsive move took the price to top bands and flag has pulled price back to median line, so we have a possibility of next impulsive move soon.

Look no further than South Korea!

What was starting to become one of the major hubs of bitcoin trading got some rather harsh news last night.

Well it wasn't actually all that harsh, but apparently those selling bitcoin think so.

In news out last night in South Korea, regulators have announced that they will be regulating cryptocurrency exchanges.

What does that mean?

It likely means several things.

The big requirement going forward will be that exchanges will be required to verify their customers before allowing them to trade, which would go along with rules other financial exchanges abide by in the country.

That doesn't sound all that bad.

What was likely scary was the part where regulators said that they might also shut down some exchanges that are not abiding by these rules.

Which as you can imagine read like, "oh no exchanges are going to be shut down!".

Luckily that is not the case.

I always say that you only hold coins if you have them in your own wallet that you have private key for but if you are lazy or not enough tech savy trusting an exchange during forks/airdrops may be a thing for you.

Currently this fork/split thing is getting out of hand, there is so many coming out it would be a real hassle and pain to get each right away so it might be a good idea to be able to trade fast aka let exchange hold a bit of your BTC.

I remember when BCH forked nobody could deposit or withdrawal coins due to the slow network yet people who had BTC on Bittrex got coins and could trade the markets right away. Risk vs reward as always.

Bitcoin Splits Source 1
[img https://ibb.co/gisYhG /img]

Bitcoin Splits Source 2

https://ibb.co/eF42bb

Bitcoin was $800 in January, That Was The Cheapest it will ever Be
Bitcoin will be $15k in January 2018, That would be the Cheapest it would ever Be


ARK was $0.001 in January, That was The Cheapest will ever Be
ARK Will be $12 by January 2018, You wont see it any Cheaper


XRP was almost $0 its now $1.2 cheapest it would be.
Be advised make your own decisions based on Market Cycles.

The break just happened, so wanted to post an update here. The breakout is bearish as predicted. Volume is increasing confirming this break.

Support right now is $236, $233 and $230. 4-hr RSI is almost oversold and 4-hr stochastic RSI is at the bottom. We probably will see a slight bounce here before too long up to resistance from support of the consolidation.

We're still pulling back, so longer positions should be patient for now.

Happy trading!

https://ibb.co/ebZCrb

according to Scott Rosenberg.

So well, what is going to happen in 2018???
Bitcoin boom is in the spotlights as well as wars...


2018 will be “the year of the cryptocurrency craze”!!!!

The Chinese government hasn’t exactly been fond of the notion of its people having access to an anonymous cryptocurrency that defies tracking and goes just about anywhere. But the Chinese people aren’t exactly fond of the notion that they can’t get in on one of the biggest upward-tracking investments since the dot-com boom of the late nineties. So in the grandest human tradition, will and way have met, and the intersection is found in peer-to-peer exchanges.

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1hr Chart

https://imgur.com/a/sTXAy


4hr Chart

https://imgur.com/a/KC4Vs

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