It’s getting worse. I think we could have a Bitcoin indicator called Dimoncator, named after the J.P. Morgan Chase CEO, Jamie Dimon. Why? Here it is. It appears the CEO does not have any credibility because Bitcoin would move the opposite direction based on what he was saying. Last year,…
Day: January 16, 2018
Worries over South Korea Sent Bitcoin below $12,000
This is bad. Bitcoin is now trading below $12,000. Last week, Buffett came out and said the cryptocurrencies would somehow end badly in the end. South Korea continued its investigation on the Bitcoin trading activities, and the trading exchanges. South Korean Justice Department is planning the legislation that would shut…
The Euro Takes a Breather after a Fantastic Bullish Run Since January 11th
The party is temporarily over for the euro after it has risen over 300 pips from 1.1930 to 1.2296 since last Thursday. We have had 3 profitable trades in a row since last Thursday. The fourth buy order, which was open during the Asian session on Monday, ended up with…