Bitcoin is measured in dollars. So every chart that you see is bitcoin gaining or losing against the US dollar. At the start of bull markets, commodities start to break out in the weakest currencies. Then it starts to break out in the intermediates currencies, then finally it breaks out in USD. So let’s have a look at BTC compared to some of the weakest currencies...
Hi friends
the 1 hour chart of this market shows with a high probability a downtrend in the coming days but at the same time it is better to be vigilant of the change of direction towards the opposite please subscribe to receive more analysis
As per previous post, the lira (USDTRY) has been getting hammered in an ongoing currency crisis through mismanaged gov & monetary policy, souring US relations, and COVID hitting the country’s tourism industry. President Erdogan, who has been directly calling the shots at CBRT (Turk cent bank), despises the prospect of raising rates, despite the need to put a floor...
Explaining gold & BTC late July - early August upside price action:
(Hint: it’s not “US money printing” - that’s clearly not a sudden new phenomenon to explain why NOW)
Turkish Lira under attack from inflation mismanagement by President Erdogan & CBRT (Cent Bank Republic of Turkey). CBRT buys gold with dwindling FX reserves, citizens pile into crypto
Turk lira...
what u gonna say now 6k still coming ? after accumulations chart btc with dollar alts about to pump if u miss no pump until february after that, btc 20k give 10 days max
Just dropping a though about the recent correlation between the fall of TRY and surge in Bitcoin, that came simultaneously (within days).
This can be explained by capital flowing through the black market, having bitcoin as a medium.
Investors wanting to flee, converting the turkish to bitcoin then converting the bitcoin to another currency.
It looks like bitcoin...
funny to see how btctry show another view we breakout both previous top and go to 0.5 % level and pull back again on support and trendline if we bounce here and break 50 000 will confirm upward. otherwise break support and going to 36 000-30 000-26 000 support level.
*not trading signal. volume on btctry is very low just a view.
