21.11.201711:45 Forex Analysis & Reviews: Bitcoin analysis for 21/11/2017

Blockchain revolutionizes the world in many ways, starting with banking and finance, through the transport and distribution of goods and services to Sci-Fi visions. Speaking here mainly about the internet things. First of all, let's take a look at the lock in the public locker room and the armband, between which a smart agreement can be made, allowing the user to use the locker room and pay in real time. This usage case describes how Blockchain would release this simple operation by releasing it from centralized databases containing client entry, rental time, security, lock, etc. However, they are currently working on something much bigger.

Uber is working with NASA and several aerospace companies to launch a flying car project. Volvo's parent company designs futuristic vehicles that can fill the sky in two years. The Uber Elevate project implements Blockchain technology for vertical takeoff and China plans to start selling 2019 flying cars.

It's all about air taxis, which, thanks to the Blockchain platform, enable the entire ecosystem of vehicles, charging stations, parking and customer service to run smoothly and seamlessly. There is already a solid infrastructure needed to implement flying cars. Roofs in large metropolitan areas are equipped with functional helicopter airports, which are very rarely used at the moment. Big cities like Tokyo, Seoul and Los Angeles boast over 70 landings. Regarding the legislation, Dubai, Singapore and other modern governments ready to accept small commercial aircraft will be an important example for regulating air traffic that will inevitably have to match the market expectations.

In addition, the urban air transport market is estimated at $1.2 billion, which should suffice for rapid advances in air transport technology. Blockchain as a platform allows you to order an air taxi and pay in Bitcoin or another cryptocurrency. Each time a transaction is made, an intelligent agreement is signed that stores service delivery information, payments and vehicle load. This is an excellent example of how future transport can absorb the best available technology.

Let's now take a look at the Bitcoin technical picture at the H4 time frame. The projected target for the wave -v- at the level of $8,365 has not been hit yet, but the recent developments might indicate the top for this wave might be in place already. Any violation of the level of $7,423 (weekly pivot point) will be treated as the first confirmation of the temporary top. The key support for the price remains at the level of $6,768.