Yeah. Hey, guys! And welcome to daily crypto tips by coin ignition. Today, let's talk about the current market situation and the price action on Bitcoin at the end of wrap it up with a useful tip, of course. So this pump on Bitcoin is really unusual from a technical point of view looking at the four hours you can see a clear sending triangle. But the breakout was rejected quite hard. Most of the breakout traders would have been stopped out when that happened. And as price returns to the breakout area, we can expect that has to be a bit gun shy and usually would see another rejection. But we're pumped really hard. So based on that, I looked at the news because it's not what I expected. News from Russia is that you will be regulated and not band, which is big news after the banks over there suggested that they did want to see a band, and there's an executive order on expected from the White House any day now, and it's possible that this will be more bullish news unless the US want to fall behind Russia in regards to Cryptocurrency regulation and usage. So it's possible that this pump is institutions with inside knowledge getting in before the news. But if the news is bad, Bitcoin will New York. So I'll keep everything in for now and wait for the news. The type of day is to try and take in the whole picture rather than just put on the chart or what you believe about whatever it is that you're analyzing. Cheers, guys.

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