Crypto Industry News:
In the next round of censorship, YouTube removed two videos from two separate cryptographic channels. Ivan on Tech, a cryptographic programmer, wrote on Twitter that YouTube had removed one of his videos. Moon, a technical analyst and press reporter, said the platform removed one of his compositions.
Many cryptographic YouTubers received bans and warnings at the end of 2019, including Chris Dunn, Crypto Beadles and Altcoin Daily. Chris Dunn noticed that YouTube banned his channel for "harmful or unsafe content" and "sale of regulated goods."
In response to Moon at the end of December, YouTube wrote on Twitter that the bans were a mistake. After indignation, YouTube restored several flagged videos and accounts.
Currently, it looks like YouTube has returned to blocking cryptocurrencies. Ivan on Tech said he received a warning for deleted video and Moon said that YouTube threatened him with a warning after removing his video.
"Cryptographic purge is still happening and I'm dealing with it for the second time," Moon said in a tweet.
Technical Market Overview:
The BTC/USD pair has made another lower low at the level of $7,315 as the global coronavirus pandemic continues. There is no sign of the downtrend reversal despite the oversold market conditions and some mild bullish divergence on the H4 timeframe chart. The next target for bears is seen at the level of $6,938. The immediate resistance is seen at the level of $7,897.
Weekly Pivot Points:
WR3 - $9,697
WR2 - $9,419
WR1 - $8,697
Weekly Pivot - $8,456
WS1 - $7,720
WS2 - $7,436
WS3 - $6,712
Trading Recommendations:
The market might have made the first impulsive wave up of a higher degree. This strategy is valid as long as the level of $6,353 is not violated. Nevertheless, the larger timeframe trend is still down and all the shorter timeframe moves are still being treated as a counter-trend correction inside of the uptrend until the level of $10,433 is clearly broken.
