Good morning traders!
Be careful trading the markets today (other than crypto), as we have four heavy-hitters speeches schedules for lunch-time! Four! So expect some moves in EUR, GBP, YEN and USD and probabaly some in Gold and indices too.
Times dislayed are GMT+2
So take care today!
In other news, remember that weekend dump in Bitcoin? Barely? Yeah, me neither. But it appears that the whale Mike Novogratz, a former hedge fund manager, has bought $15-$20 million worth of Bitcoin in that dip to 5,5K BTC/USD.
I am not very familiar with the liquidity of the BTC market, so my question is, how much does one really need to safely buy the dip and make the price spin in the other direction again?
Catch up on the whole shebang on Zerohedge
Mike Novogratz. Img credz Reuters
Nevertheless, that recent move has done some damage to Bitcoin sentiment, as Christopher Brecher points out via StockTwits
Follow the BTC feed on StockTwits here - https://stocktwits.com/symbol/BTC.X
Here is the current BTCUSD chart - we are at a simple retest area. Let's see where we go from here.
Alright. enough of crypto. But before we take our leave, i want to point out, where we also stand on the EURUSD chart, considering we have ECB's Draghi and FED's Yellen on the mic today. My bias is simple - i think we go higher. We could go lower before, hence - i buy the dips.
That's it from me, for now. Trade safe everyone!
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I really like Mike :) He is a true genius and I'm glad he is now into cryptos. He turned roughly 1 million into over a quarter BILLION with and early investment in Ethereum.
I must catch up with some of his activities but he sure does look like a smart guy.
Imagine buying multiple bitcoins when they were cheap.
Awesome post
Respect, ya!
Love it! New here and really dig the post style. Bravo.
This market is full of FUD basically because everyone focuses on gaining more dollars instead of more bitcoins which should be the sentiment of a successful investor in this field
Solid post.
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Thanks for the support ;-)
You're most welcome :)