In case that the Chinese authorities were able to ban the ICO (initial coin offerings) and prevent the distribution of tokens, then the authorities of the Isle of Man seems to take an opposing move. Yesterday, reports say that the Isle of Man's Department of Economic Development, headed by Brian Donegan plans to create a regulatory framework that will allow the selling of tokens on the island, as well as to conduct various kinds of ICO. A legislative project will be developed that will comply with the requirements for the anti-money laundering policy.
Another good news for Bitcoin and for the blockade, in general, is the plans of India to introduce blockage into the transport industry which will make it possible to become one of the advanced states in the world. This is the Indian state of Andhra Pradesh located in the southern region of the country. As part of this project, a partnership agreement will be concluded with WISeKey, a cyber security company, to protect the data of Indian citizens through the use of blockade technology.
Bitcoin (BTC)
The signal to buy Bitcoin (BTC):
Meanwhile, the Bitcoin course is calming down after a surge in volatility earlier this week amid negative news from China. The purchases for today are best viewed from the level of 4537 or after the release above the resistance level 4655. This will open a real opportunity to return to the resistance range of 4787, where I recommend fixing profits. In case of a decline below the 4537 level, it is best to return to purchases after updating the support 4364.
Signal to sell Bitcoin (BTC):
You can sell Bitcoin after another unsuccessful attempt to get hold of level 4655, and a return to that level will be a signal to increase short positions aimed at updating 4537 and 4364. In case of growth above 4655, selling can be best after the renewal of large resistance.
