TRYUSD Long Position. Money Flow Index(MFI) Looking Good. 20MA used as support. 10x Leverage 14% Take Profit 2.8% Stop Loss Educational Purpose Only! Not a Investment Advice
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Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021Turkish Currency Fluctuation 2020 2021
omg btc, can you plz be more like lyra today !! if ou could just for once be more like lyra, but then just like the last few days please we ask you . .
Both charts present relation to a U.S. Dollar over the (long term) course of approximately 10 years. Only Imagine the BTC perspective of a Turkish investor. Now this is just an observation and no advice is here given, I am just amazed how government-backed currency fails towards the fascinating concept of Satoshi Nakamoto. Come and tell me #BTC doesn't work -...
SUMMARY: Short, economic damage to the Turkish economy is going to be severe; its' citizens will become poorer via wealth destruction and purchasing power erosion. Turkey is slashing rates in the face of rising inflation – which only developed economies can, while not understanding “transitory”. As the lira collapses against the Dollar, Ankara seems to be...
Back on March 31 of this year I posted this charts below. Unfortunately I had tried to demonstrate the imamate collapse of the TRY and posted the chart of TRYUSD instead of posting the correct ticker USDTRY. As such I marked long TRYUSD instead of Long USDTRY. None the less the comments do not signal bullish for the TRY. it has lost 40% of its value in just days...
Wanted to put a simple picture to see how much S&P 500 index raised in combination with USD/TRY currency effect added. Very simple investing and hedge oportumuty for Turkish people.
SUMMARY: Short, one would imagine after years of decline, the TRY would be bottoming out. However, the Stoch RSI is showing it is "overbought" -- bearish signal. Link to my Bitcoin analysis below:
SUMMMARY: Short, looks like a failed breakout and trend is for further depreciation. -- Technical -- Price is hitting against the 50 EMA is probably fall further. Stock RSI is slight overbought Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<---- *Not financial advice and is for educational purposes only. Always DYOR. SO: What do you think, i? ...
Originaly i thought theres coming one more 50%+ capitulation, but recently also discovered that we may be in a Adam and Eve Pattern, as long as curve holds its a legit idea. Entry would be right here with close stop loss. The -50% drop could still come tho, but anyway good risk/reward ratio on this idea. DYOR
SUMMARY : Short , see further downside to the TRYUSD. -- Technical -- TRY is in a bear market below the EMAs and Gaussian Channel. -- Fundamentals -- Excessive debt with in the corporate and government sectors. Furthermore, Turkey has capital controls in place making it more difficult to transfer funds out of the control.
TRYUSD continues to collapse after removing the Central banker who raised rates to 19%. The new CB said he will lower rates. Turkeys 10 year bond skyrocketed instantly from 12% to 17% while the TRY lost 18% instantly as well. Why BC Turkey listened to MMT and wants to lower rates. The chart above clearly shows lowering rates collapses the currency. If you want...