ETH reached 50% retracement of the move from July 2017 Low to the most recent Top. It is a good opportunity to enter the market, especially for people who didn't suffered significant losses durring the January downturn.
Barclays is breaking its two year high with a big breakout gap and ready to soar. Watch it! I am taking position with Reward to Risk ratio of 2.2. Well worth investment looking at how under-valuated and forgotten this bank stock is.
This coin will have bright future! It is connected with biometric app allowing unbanked people in Africa and all over the world to have access to money with just one finger print on the screen of their phones.
I am slowly building a big long position in TRY/JPY pair. Turkish Lira is quite under-valuated at these levels and despite the recent strength of Japanese Yen I think in the long run JPY will weaken across the board. This is a carry trade position which will bring lot of interest while running. At 8.5% current interest rate of Turkish Lira outperform almost all...
Ripple (XRP) extreme surge in the last couple of days open questions about the sustainability of such moves. With over 120 billion total capitalization it already took the second place after BTC from ETH. It is clear that the rise is a result of massive outflows from BTC into other alternative coins, but how long it will continue?
I am expecting mean reversion between these two major cryptocurrencies that's why I am buying BTC now and selling ETH in equivalent dollar terms. Hope to see soon again converging the prices of both cryptocurrencies. Fundamentally there is a reason for more ETH buying due to increasing demand of ETH for building new coin projects but this won't continue with such...
Obviously NXTBTC is moving through period of fast pump and dump, grow and crash. Will it be the last burst? We don't know for sure but it is one of the most dynamic and interesting cryptocoin to follow.
Monero/USD is trading still above 38% Fib retracement but was much lower during the Christmas holidays. Demand is still strong but we can officially announce a bear market beginning. We will monitor very carefully what's going on next couple of weeks.
This idea proves that if we see long term low rates there is a good chance the Precious metals will soar higher. On the other hand if there is significant rise in the interest rates than we can see some drop in Gold and Platinum prices, but I believe this will be short term.