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While interest in Bitcoin, particularly in USA, is flagging (ibb.co), interest in emerging markets with high-inflation or generally unsteady economies is rapidly taking off again (ibb.co). These people aren't laggards, they've been in from the...
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...
I posted a monthly chart for the Dollar a few months back that showed the Dollar will continue to lose value in the future. This will obviously not happen overnight, but I expect over the course of 2021 the dollar will continue to it downtrend. Looking at the Turkish Lira monthly chart, we see bullish divergence, and several indicators showing strength. If you...
TRYUSD (Reverse of USDTRY)
Starting from 2014 :
There have been 3 similar cycles.
All cycles starts with a reverse cup&handle and
ends with a sharp fall from the support line that is the bottom of that reverse cup & handle.
We are in the 4th cycle now and if it continues like that my prediction is :
On January 1st : 1USD = 11 TRY
Many peaple not understanding derivative in calculus, them a show that is a velocity of coin´value. maybe in line graph is more easy to see. i chosse turkshi cause is more away of usa. i belive that gmt is a phase of real global price in a absolute time.
TURKISH LIRA / U.S. DOLLAR will Jump end of 2019
AS Bat Pattern is shown in the Chart
bat pattern market strategy like any other harmonic pattern is a four-leg reversal pattern that follows specific Fibonacci ratios. A proper Bat pattern needs to fulfill the following three Fibonacci rules:
AB= minimum 38.2% and maximum 50% Fibonacci retracement of XA...