The bloodbath paused for the time being. Bitcoin is now holding above $10K after it hit $9,005 on Wednesday. The threats from South Korea and China proposing a ban on the Bitcoin trading exchanges are still out there. We already knew that South Korea was looking into the whole Bitcoin…
Month: January 2018
The Euro Recovered from the Recent Low 1.2160
The consolidation continued between 1.22 and 1.23. Yesterday, the euro recovered most of the recent losses from 1.2160 after the verbal intervention by the ECB policy makers over its recent strength. The ECB’s comment sent the euro reeling from 1.2250 to 1.2160. Another risk for the euro comes from the…
Where Is the Next Level of Support for Bitcoin?
The bloodbath continued. Bitcoin is now below yesterday’s low. It hit $9,005 earlier today. Talks about South Korea and China proposing a ban on the Bitcoin trading exchanges are hitting the cryptocurrencies hard. We already knew South Korea was looking into the whole Bitcoin trading activities last week. Surprisingly, that…
Is the Euro Gathering Forces for Another Upward Move?
The euro is consolidating between 1.22 and 1.23 after its recent bullish move from 1.1930 to 1.2296 since last Thursday. Last night, we had another buy order opened during the Asian session, which ended up with a loss. It was an attempt to move higher and it did break above…
Dimoncator: Bitcoin Is Down Almost $9,000 from the All Time High
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,…