[Music] welcome back to the world of cryptos and welcome back to the crypto corner today i've got two things for you first the first one is linked to the travel rule which says that when you've got coins on one exchange and you transfer them over to another exchange the first exchange has to also transmit the kyc data so know your customers so your street address passport picture and so on to the other exchange um that looks like it's a law that will come on an international basis and that also means that if you want to transfer those coins out of the exchange onto your private wallet this exchange has to do kyc on your private wallet so you have to prove that that private wallet is really yours how are they going to do that don't know yet but it looks like that's going to happen it's a law that might happen in the u.s and if it's happening here in the us it will happen everywhere so my recommendation at this stage is take your coins and get them off the exchange asap into your hardware wallet or any other wallet that you have because i don't know when this law might or come into into place the other thing is coming um to trading so let's talk about a little bit about trading and i'm sure you have seen this here uh like coin market cup or coin gecko and you click on on bitcoin here in this case and then you've got the 30-day chart and then you've got a lot of people doing an analysis on those charts yeah they they pull out the candles and then they say this is a bull flag or head and shoulders or inverse i don't know what and there are two camps the first camp says this can't be true i mean that might be true on the large caps like apple uh real stocks but in cryptocurrencies they do anyway what they want and it's an international thing so it's not linked to a country like like let's say apple shares this uh cryptocurrency is linked to many countries so why should a trend be visible in the chart the other one is saying hold on that might be right for ex for stocks like here this is the apple stock where you can do an analysis and more or less fairly accurately not accurately but you can't predict which trend the the share is going um and also a little bit in regards to cryptos because all those traders that are coming into our area um they're coming from the traditional market they're accustomed to these chart analysis and therefore they will also apply them here so if they apply them here that means that they will be somehow applicable to what we're doing too but there's another thing that is really interesting in regards to um to trading and that's uh unchained data so in other words data that is coming from the exchange so not from um or from the blockchain itself so not from the trading part that is visible that you've seen on coingecko or market cap is data that is linked to the blockchain like what are the miners currently doing who's transferring data over to an exchange and so on and so there's a fantastic website which is called glass note they are they have got tons of different charts and if you go into glass note and then uh market indicators then this is what you will see and just to show you that there is some um legitimacy in regards to those analysis so if we take you for example i don't know uh which one do we want to take a look at them pure multiple it doesn't matter what that is but as you can see here let's um let's take that nut case away so as you can see here in this chart every time when there was an all-time high or a peak also this orange line went into the red area so that means in other words if you read this chart correctly if an indicator if this indicator goes into the pink area here that you have to start selling or looking into selling your coins it might be a risky area if you keep them that's not the only one so there are others that other indicators like here we've got the net unrealized profit and loss again doesn't matter what that means i've got here free account so it ends up it ends here in january 2020 but an annual account only costs 20 a year so it's not a big deal but you can see here again when there was an all-time high uh the indicator this uh colored curve went into blue uh all-time high blue autumn high blue so it's an interesting indicator i would say and here also all time low red or time low red yeah so if this thing goes into red means go and buy and if you think i mean it's not financial advice of course but if you you can more or less have these indicators to really see what the trend is and where the ship is sailing to i find it really highly interesting and let's see where that will end up to because this is just young industry and a lot of things can happen but i just want to make you make you aware of these indicators that are on that are representing unchained data anyway that's it from me i hope you liked it i hope you enjoyed it i hope you learned something as always i'd like to ask you for a thumbs up because it helps us in becoming known in the market and as always i'm looking forward to see you next week again and thank you very much for watching bye bye thank you robert just a reminder that we're not providing financial advice but only sharing what's happening in the cryptocurrency markets always remember that the cryptocurrency markets are ever-changing and always volatile so only invest what you can afford to lose [Applause] you