Bitcoin Plunged?

Image Source : https://unsplash.com/@nasa

News Source : cnbc.com

Bitcoin price plunges less than a day after trading above $8,000 level

“This last drop was likely caused by a combination of profit-taking and also algorithmic trading compounding the swift fall,” said Jehan Chu, co-founder of Kenetic Capital. “We can expect these types of steep rises and drops to continue for some time until institutional investors grow market volume.”

“The key takeaway from the past few weeks is that with each of these surges, the overall interest and investment continues to expand around a growing core of real blockchain use and adoption,” Chu said.

The moves came just days after bitcoin more than doubled in price for 2019. Amid sizzling tensions between the U.S. and China in their protracted trade war, some even made the case that bitcoin was emerging as a global hedge against stock market movements.


While US delaying car tariffs a ‘wise decision,’ EU finance chiefs say

“That’s a wise decision,” French Finance Minister Bruno Le Maire told CNBC Thursday in Brussels. “I think we should avoid any kind of sanctions, tariffs and trade war because, you know, the deep conviction of the French government is entering any kind of trade war will have a very negative effect on global growth, growth for the U.S., growth for China, and of course for all European countries,” he added.

Imposing duties on European car imports would likely hurt Germany the most, given that it is one of the largest direct car exporters to the U.S.

This economic threat is an acute concern for European leaders at a time when the euro zone is already showing signs of weakness. Recent manufacturing and growth data have led the European Central Bank (ECB)to cut its growth projections for the year. Growth in the region — and especially Germany — is sensitive to external shocks due to its export-driven economy.


Case Study 1 Bitcoin posted a indecision candlestick patterns last night and in expected to move up but due to institution profit taking and show a flash in today Chart and that is bad news.

Hourly also posted a flash earlier more like a long shadow candlestuck pattern and may move up later today

Weekly forms a doji and shows rhatnit is still optimistic on the upside.


Case Study 2 DAX/GER30 posted a bull indecision pattern and more to a reversal and high chance that she will go higher today. Not forgeting the bear inverted pattern before yesterday and may drag the price lower for the unfinish bear deal.

Hourly worried me cause it forms a double lower.


Be back for more update.

Happy Trading.T-Shirt by CryptoYīGuìMén


Today on Candlestick Patterns Reading, Income Stream, Charity Navigator, make money online. We are on Charity Marathon Spillover from top, bottom, left and right. Issue on Money, Make Money and Reward.

(If they don’t do the mlm alike Partnership Fundraising system, how long you want the ill Children to wait).
(Survey shows only 3% human being will donate and won’t ask for reward).

Trader, Newbies or Oldies.
Always follow the calculated time specified xx45 in any hour and don’t trade on other timing as in xx28 minute to xx45 minute.
This are the timing will hold you and difficult to execute and face losses.
Don’t Trade on and before 45 minute during data report event.
Don’t trade 45 miute before and after any exchange open and closing.
Enter any hour, the 45 mins after or before on the above mention event and
Close within xx54 to xx27, once you see xx.xx profit just take it out, because there isn’t bonus everyday.
Can’t focus, Ego Moody day and No time, Don’t Trade.
Family around don’t trade. Family comes first. Otherwise you will suffer more than losses.
Face losses most of the time or big time. Take a long break. I would recommend you to Go for fund-raising like Charity Marathon Partnership.

Tangoh

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