The BTC hacking continues, plus quick chart review, is the bottom in?

Photo credit: Pixabay

With BTC as well as other cryptos, hackers are always looking for ways to gain access to steal as once the hack is complete, there are no repercussions. The Evrial Trojan virus was produced by a hacker known as 'qutra' and is for sale circulating on the dark web on criminal russian sites.

What is does: When you highlight and copy a Bitcoin address to send to, the information is copied to the windows clipboard. When you paste the address into the recipient section of your wallet, it is changed to the hackers BTC address. Pretty slick huh?

Even if you do not have this virus on your PC, you should always check the address that you are sending too. (Most people do this already, but there are a lot of new people to BTC and crypto in general)
Note the first 3-4 digits/characters in the address and the last 3-4 digits/characters. They need to match EXACTLY before you send any amount of BTC.

A screen shot of the Ledger Nano S BTC wallet with the red lines showing the initial characters and the last characters.

I also read that the virus also can take screenshots of your screen, steal files, logon's and passwords.

It is fairly easy to prevent viruses from entering your PC as they are typically associated with files that you download. So do not download any suspicious free software, torrents, free games, etc... Only go to verified sources to DL files/applications.

Regarding the BTC action on the daily chart, it appears to have finally bottomed after a 70.6% pullback from the July 2017 low to the peak in Dec 2017. (Numbers from the Gdax exchange)
In yesterdays review, I did not mention the volume increase which may be the signal for the selloff bottom and sharp reversal.
There is a significant volume spike during yesterdays selloff which was not seen for the other drops within this downturn.

You can see the volume bars a bit better on the 4hr chart. To confirm the uptrend, BTC will need to trade above the last high of 9499 which may be a few days.

For another technical confirmation, BTC spiked down close to the fibonacci level of .236. (Blue line, chart is from yesterdays BTC post) The coordinates is from the July 17 low to the high in Dec 17.

There was a U.S. Senate hearing on BTC yesterday which was favorable for the cryptocurrency. But I'm not sure it supported the price...? (I think assets trade more by technicals)

Keep an eye on the BTC price action over the next few days as it will determine if Feb 6th was the bottom for the 2018 year.