[Breaking News] Bitcoin Fell Due To A Hacker Attack In South Korea HD
We got some bad news coming out of South Korea. An exchange called Youbit has filed for bankruptcy after its second hacker attack in 8 months. They lost a lot of their cryptos assets and unfortunately many crypto holders lost their cryptos. The attack caused Bitcoin to fall about 8% and Ethereum did also fall back due to this. Now, this is a reminder that you should never keep a large amount of your cryptos in any exchange. I keep less than 1% of my portfolio in any exchange and I only trade for less than 1% of my holdings. Just imagine keeping 30-50% of your crypto wealth on any exchange and loose it all due to some hacker attack, that would really suck. So keep that in mind. Finally, Im not sure how this will affect Bitcoin in the short term, but here is the hourly chart: Comment: Bitcoin fell back to the support level around 17600 so hopefully this is enough in order to charge higher but I also want to show you the daily chart. Here it is: Comment: Here we can see that we have broken one trendline and if we close beneath that trendline today, that could indicate some more downside action. Happy trading!
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