Bitcoin&s;s wall of worry is quite different than the stock market&s;s wall of worry. The equity world is concerned with the effects on earnings of interest rates, the price of oil and the latest thinking of the current White House occupant.
With the crypto-currencies, all of that is interesting and ultimately relevant, but the main concerns lie elsewhere: especially in the emerging regulatory framework that&s;s developing.
For example, the U.S. Chamber of Commerce wants &q;regulatory clarity&q; in the bitcoin world, according to Forbes contributor Aaron Stanley &l;a href=&q;https://www.forbes.com/sites/astanley/2018/07/22/u-s-chamber-calls-for-regulatory-clarity-on-cryptocurrencies-initial-coin-offerings/#6db0cf4b726e&q;&g;right here&l;/a&g;.
The regulation of tokenized securities is an issue, as Forbes contributor Andrea Tinianow explains &l;a href=&q;https://www.forbes.com/sites/andreatinianow/2018/07/04/tokenized-securities-are-not-secured-by-delaware-blockchain-amendments/#1b937e853e79&q;&g;here&l;/a&g;.
In Malta, government authorities are putting together the first-in-the-world official regulations for crypto, block chain and DLT, as noted by Forbes contributor Rachel Wolfson &l;a href=&q;https://www.forbes.com/sites/rachelwolfson/2018/07/05/maltese-parliament-passes-laws-that-set-regulatory-framework-for-blockchain-cryptocurrency-and-dlt/#3124a48849ed&q;&g;right here&l;/a&g;.
Buyers seem to approve of the increasing regulatory focus -- at least they did last week. Bitcoin&s;s first real attempt to climb back up that wall of worry is taking place now, as you can see if you closely examine this monthly price chart:
&l;img class=&q;size-full wp-image-3868&q; src=&q;http://blogs-images.forbes.com/johnnavin/files/2018/07/Bitcoin-index-monthly-7-22-18-1.jpg?width=960&q; alt=&q;&q; data-height=&q;928&q; data-width=&q;1240&q;&g; NYSE Bitcoin Index monthly chart.
That price bar for July, representing the highs and lows, closed at the top end of the bar and is pushing slightly up above the downtrend line. That&s;s the red dotted line that connects the December, 2017 peak with the much lower May, 2018 peak. Bitcoin bulls would like to see the price move above that line and stay there by month&s;s end as evidence that the trend downward had ended.
Here&s;s the weekly chart where the movement is a bit clearer:
&l;img class=&q;size-full wp-image-3870&q; src=&q;http://blogs-images.forbes.com/johnnavin/files/2018/07/Bitcoin-index-weekly-7-22-18.jpg?width=960&q; alt=&q;&q; data-height=&q;928&q; data-width=&q;1240&q;&g; NYSE Bitcoin Index weekly chart.
Here you can see that price has moved above the downward trend line without question. The MACD technical indicator below the actual price chart -- representing a comparison of moving average to price -- may be about to give a bullish signal. I&s;ve circled in red where the indicator&s;s black line may cross above the red line. If that takes place, it&s;s likely that an uptrend is underway, according to chart reading textbooks.
This chart&a;nbsp;is based on the daily price and gives an even closer view:
&l;img class=&q;size-full wp-image-3872&q; src=&q;http://blogs-images.forbes.com/johnnavin/files/2018/07/Bitcoin-index-daily-7-22-18.jpg?width=960&q; alt=&q;&q; data-height=&q;928&q; data-width=&q;1240&q;&g; NYSE Bitcoin Index daily chart.
Again, you can see clearly how the down trend line has been taken out by the price breaking upward against it and above it. The MACD technical indicator is confirming the action by showing an upward slant that diverges from the 3 recent price lows, each one a bit lower than the previous one. The next step, from a bull&s;s perspective, would be to see the price rise above the down trending Ichimoku cloud just above it.
And this one is the 5-minute price from early Sunday night:
&l;img class=&q;size-full wp-image-3875&q; src=&q;http://blogs-images.forbes.com/johnnavin/files/2018/07/Bitcoin-5-minute-7-22-18-5p-ET.jpg?width=960&q; alt=&q;&q; data-height=&q;340&q; data-width=&q;964&q;&g; Bitcoin 5-minute chart, 7/22/18 pm.
It looks as if the wall of worry is slowly being ascended for bitcoin -- at least for now. Nothing is guaranteed, of course, and the constantly changing regulatory environment is always subject to the actions of government officials and politicians.
&l;em&g;I do not hold positions in these investments.&a;nbsp;No recommendations are made by me one way or the other.&a;nbsp;&a;nbsp;If you&s;re an investor, you&s;d want to look much deeper into each of these situations. You can lose money trading or investing in stocks. Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor.&l;/em&g;
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State of Alaska Department of Revenue trimmed its position in Weingarten Realty Investors (NYSE:WRI) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,653 shares of the real estate investment trust’s stock after selling 6,007 shares during the period. State of Alaska Department of Revenue’s holdings in Weingarten Realty Investors were worth $2,175,000 at the end of the most recent quarter. 
Source: Wikipedia 
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BASF SE operates as a chemical company worldwide. It operates through five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment offers solvents, plasticizers, monomers, and glues, as well as raw materials for detergents, plastics, textile fibers, paints and coatings, crop protection products, and medicines. The Performance Products segment provides dispersions and pigments, care chemicals, nutrition and health products, and performance chemicals that are used in pharmaceuticals, personal care products, and cosmetics, as well as hygiene and household products; and other products for enhancing processes in the paper industry and water treatment, as well as in oil, gas, and ore extraction. The Functional Materials & Solutions segment offers catalysts, battery materials, engineering plastics, polyurethane systems, automotive coatings, surface treatment solutions, and concrete admixtures; and tile adhesives and decorative paints for the automotive, electrical, chemical, and construction industries, as well as for household, and sports and leisure applications. The Agricultural Solutions segment provides fungicides, herbicides, and insecticides, as well as functional crop care products. The Oil & Gas segment explores for and produces oil and gas in Europe, North Africa, Russia, South America, and the Middle East. It also produces ammonia; and transports natural gas in Europe. BASF SE was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany.
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