kinetiktrader

3xWeek previous ending June 28 2015

BITFINEX:BTCUSD   Bitcoin / Dollar
26 0 0
3xWeek previous
lo 223.3
hi 259.1
swing
lo 219.8
hi 233.5

Wk             2015-06-08 buy volume almost equals previous sales
Wk             2015-06-15 buy volume doubles previous buy
Wk             2015-06-22 buy volume is half previous buy

Greek Euro's possible exit has overshadowed the markets.

Puerto Rico             reveals it has no money and can cause another market collapse.

With CryptoCurrencies no bank can close your wallet away from any exchange.


The natural fall of bitcoin has been picked up bullishly with speculation about a Greek exit that can give Greeks and other Europeans a method of savings to survive the collapse. Greek banks have been mandated to semi freeze accounts limiting the amount of withdrawals.

"Unlikely to happen with a crypto currency these days unless your on an exchange exposed to government control which another reason crypto is exists."

Dimming out of the shadow is Puerto Rico             claiming it cannot pay its debt and this can be another catastrophe to the financial world since many companies have invested in the islands economy (tax free rate expired) including buying low cost debt expecting high returns.

"Wages in Puerto Rico             cannot satisfy the demand to pay debt owned with expectations of returns."

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