Iran had little or no effect on the Bitcoin price, which was already in a strong uptrend when the missiles hit. I'm long Bitcoin but I bought the breakout at 7523, two days ago. People like to pretend Bitcoin is the new 'safe haven asset - like gold - that people run to during scary political events. Hopefully one day it will be, but we're not there yet. As you...
These days are too hard for Iranians because of the internet blackout and suppression by the Islamic regime of Iran. Based on statistics almost all Iranians are in an internet blackout and consequently, Iranian miners separated the Bitcoin network. Clearly, you can see a noticeable drop in the via_btc pool hash rate. these decrease in hash rate caused Bitcoin...
Iran’s currency hits record low amid tensions with the West Depreciation of the rial comes amid boiling tensions with the West and continuing protests in Iran. On Sunday, the United States dollar went past the 450,000-rial mark for the first time on the open market. On Sunday, the central bank said it will soon raise the maximum amount of currency that can be...
The Iranian economy is struggling to deal with economic problems. U.S. sanctions hurt the local economy. One of the possible solutions for Iran was to authorize crypto mining. However, to start crypto mining, potential investors might receive permission from Iran’s Ministry of Industry, Mine, and Trade. Another condition is that crypto mining should take place...
New Reforms, Strong economic dats, Higher Oil and Gold Prices, Higher Vommodities, and new deals skyrocket Iranian Rial nearly all Major FX including Yen. The break of next ressitane is 15 years Highest Highs of the IRR that is now holding tones of Western countries Bonds, including US, and benefitting of risng US bonds
"The Washington Post came out with a news report on early Monday saying that the US State Department is set to announce that all countries will have to completely end their imports of Iranian oil or be subject to U.S. sanctions. The report further states that the US action is an escalation of the Trump administration’s “maximum pressure” campaign, which seeks to...
Plenty of noise in the street today ... giving large hands another opportunity to shake out shorts and offering those sharp enough cheap entries ahead of Trump confirming the US to leave the Iran deal (just over an hour from now). => We have posted in detail about the flows into BTC and Gold with Iran (see attached) as risk enters into the picture one more time...
The oil market is once again in the spotlight as Iran's Revolutionary Guard Corps (IRGC) announced that they have seized an oil tanker near in the Persian Gulf. The nationality of the tanker is yet to be specified as we expect a strong reaction from the US-led Western camp. The WTI price appears to have found a firm fundamental support to rise back from the week's...
Since the United States’ 2018 withdrawal from the Join Comprehensive Plan of Action (JCPOA), it has become clear that Iran’s economic woes—especially its currency devaluation—are strongly correlated with key political and geopolitical events. The volatility in the exchange rate and Iran’s currency depreciation are signs of an unhealthy economy. The enormous...
Just three days into 2020, and two trading days in, the market reacts to big geopolitical news which shakes the markets. It came out that President Trump ordered a hit on Iranian General of the QUDS force, and Iran’s top military commander, Qasem Soleimani. Markets fell on the news but recovered to end the week close to where they opened, making up for the down...
The United States and China negotiation on trade war took place last week. In just two days by 500 points, the GBP showed a sharp growth regarding Brexit news. Actually, we have been waiting for this for quite some time and note that this growth is not limited. This week, EU summit on Brexit will be held on Thursday. With the positive outcome, the pound may well...
Oil’s Tug-of-War: Iran Tensions vs. Evergrande On Wednesday, WTI crude futures dropped below $77 per barrel, undoing a 1.4% increase from the prior session, all while the U.S. readies itself to address a lethal attack on its troops in the Middle East. Perhaps traders are concerned more about the liquidation of China Evergrande, raising worries about the...
Iran is constructing a $1.8 billion oil pipeline to its pork of the Jask outside the mouth of the Gulf, according to the country’s oil minister. The construction is part of plans to protect its exports against potential problems in the region and to improve shipments of Caspian oil. Outside the Strait of Hormuz, Iran has been planning to set up the terminal since...
Gold maintains upward bias on Iran and Fed speak? Gold surged at the beginning of the week due to escalating geopolitical tensions, reaching a new all-time high of $2,450. However, it has since retreated slightly but perhaps maintains an upward bias. The rise in gold prices could have been fueled by news of the deaths of Iranian President Ebrahim Raisi and...
Since BTC is already digital gold and adaption is just the next step. Considering that BTC was pumping along with January effect and the conflict between US and Iran. Let's consider that I was bearish already during this phase of consolidation from January 8-13 where Iran and US expressed concern to end conflict to not escalate a war. BTC then consolidated and was...
This analysis has been published in Persian for the Iranians of the tradingview site But for friends who do not speak Persian, I must say that our analysis is to wait for the EURUSD to continue its uptrend. Wait for the pullback to the two ranges specified in the video
The 3 horizontal lines visible in the main weekly chart of WTI are concrete support and resistance levels taken from monthly TF. Currently the price is at 60.00 and there is a descending trendline preventing the price from climbing further. From a technical perspective, once this trendline breaks, the price on the monthly charts must close above 63.00 concrete...
Some cases are still unresolved also news that the Chinese delegation has cancelled a planned visit to American farms only exacerbates. So yesterday's gold growth was more than logical against the backdrop of fears of the failure of negotiations on trade wars. Our position on gold is unchanged - we continue to look for points for asset purchases. This is...