Hello my dear Lira traders & interested people! ;)
The lira sell-off continues guys.
Fundamental news which affected the price:
-Moodys downgraded 20 more Turkish banks -Berat Albayrak, finance minister, doesn't see Turkey in a crisis -The fall in Peso also intensified the selling, not just in Lira, but also in other emerging market currencies
Have fun watching! ;)
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
if it breaks 7 i fear it will continue to go higher... So was the case with 3, 4, and 5 TLY... By the way how do you comment usd/TRY volume... if the volume is going high does it means that lira is loosing value!??
Edgy_
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@hazir.tr, More volume means more traders trading the pair. If you get high volume with the bullish break-outs, and low volume during cosolidation, this generally means the bulls are stronger than bears, and we might still see consolidation. (=> This is the case right now)
On the contrary, if volume starts picking up/growing during consolidation/bear breaks, this generally indicates we have reached a top for the time being.
@jack777, Thanks Jack, you are King Kong :) Servus
Edgy_
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@hazir.tr, haha. Well, I can quote you Denzel Washington from Training Day: 'King Kong ain't got shit on mee!' :D => One of my favorite movie scenes.
hazir.tr
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@jack777, haha i have saw this movie at least 100 times... Love him and a specialy this movie... Be carefull you know the end... The scene with snail is also good ..