Cryptocurrency fraud has generated over 1,200 complaints to the Australian consumer law monitoring authority in 2017. Data from the Australian Commission on Competition and Consumers (ACCC) disclose 1289 complaints, some of which seem to refer to ICO. Australia has not responded to the recent requests from international regulators to closely follow the sale of cryptocurrency tokens and related activities. Since the World Economic Forum at the end of January 2018, the US Securities and Exchange Commission (SEC) has prepared plans for further control of financial products, which were subsequently repeated by other entities, including the European Union. "These are quite speculative products and can be very risky (...). It has been documented that some of these products are scams, so do not invest unless you are willing to lose some or all of your money." - writes John Price, the Commissioner for Financial Supervision, the Australian Securities and Investment Commission (ASIC).
So the old saying "do your own research" is now more accurate than ever, especially in the cryptocurrency world. Please bear that in mind while choosing the new ICO crypto start-up before you decide to invest any sum of money in a particular project.
Let's now take a look at the Bitcoin technical picture at the H4 time frame. The market did not make any bigger correction in wave (4), instead, it made a new local high at the level of $11,554. This is very close to the important technical resistance at the level of $11,896 and golden trend line as well, so some kind of a corrective pull-back might be expected soon. The support is seen at the level of $10,190 (weekly pivot point) and $9,707.
