Hi All,
Looking at the broader picture, it time to start maturing our approach especially if we are to go further with BTC.
Like Andreas Antonopoulos said time ago, can't recall the exact words but correlated the broader picture where global events will impact BTC pricing and hence here it is, just one example.
I read an article just yesterday about how Saudi Arabia is going to go into a price war on Oil, basically against Russia. Why? GeoPolitics with USA axis against China and Russia.
Sadly, our beloved Crypto will be potentially be held back for some time.
As for the chart, S&P500 (An index of the top 500 stocks for the biggest companies in the United States) is getting slaughtered.
The bounce happened and chances are it will keep going down until support is found.
Looking for the 200 weekly MA which might come into play.
Then we have the Chinese economy, coronvirus, 10 year treasury yield, all impacting the global market.
Hence my thoughts, watch this space. BTC price action will be amplified if others goes up or down, that is global market indicators.
WEEKLY Chart
Looking at the broader picture, it time to start maturing our approach especially if we are to go further with BTC.
Like Andreas Antonopoulos said time ago, can't recall the exact words but correlated the broader picture where global events will impact BTC pricing and hence here it is, just one example.
I read an article just yesterday about how Saudi Arabia is going to go into a price war on Oil, basically against Russia. Why? GeoPolitics with USA axis against China and Russia.
Sadly, our beloved Crypto will be potentially be held back for some time.
As for the chart, S&P500 (An index of the top 500 stocks for the biggest companies in the United States) is getting slaughtered.
The bounce happened and chances are it will keep going down until support is found.
Looking for the 200 weekly MA which might come into play.
Then we have the Chinese economy, coronvirus, 10 year treasury yield, all impacting the global market.
Hence my thoughts, watch this space. BTC price action will be amplified if others goes up or down, that is global market indicators.
WEEKLY Chart
Comment:
Peter Brandt
@PeterLBrandt
Anybody out there have a handle on what Saudi/Russia oil war is likely to do to $CL_F #WTI opening price this week. Friday's benchmark close was $41.57.
Is most the the oil war already priced into via last week's WTI collapse?
@PeterLBrandt
Anybody out there have a handle on what Saudi/Russia oil war is likely to do to $CL_F #WTI opening price this week. Friday's benchmark close was $41.57.
Is most the the oil war already priced into via last week's WTI collapse?
Comment:
Forgot to mention, the BTC price plummet also has been compounded by the PlusToken who have unloaded their big hodlings.
Comment:
Alessio Rastani > www.youtube.com/watch?v=OTOqxyQb...
Comment:
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
www.bloomberg.com/ne...ng-all-out-price-war