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Stocks jumping despite trade war talk heating up
Don Wilson, founder of DRW, the Chicago-based high-speed trading firm, discusses his history with cryoto assets and the trends he's seeing in Asia.
The first video this week starts with the analysis of Bitcoin, which for the past few days is locked inside of a rectangle. This pattern is a trend continuation pattern and it was created after a huge drop, so we assume that…it will result in a drop too, especially that the ultimate long-term support is near!
For a small community of users in the occupied territories, bitcoin has become an economic lifeline to the outside world. But it can do only so much.
Bitcoin reverses last week’s gains, the Monday sell-off raising red flags for the Bitcoin bulls who had hoped the market had bottomed out.
It’s a choppy start to the day as investors dust themselves off from Monday’s sell-off, the risk of more losses likely to test resolve through the day.
The prices have continued to move in a slow and steady manner over the weekend as the expectations from the market reach an all time low
It’s a bullish start to the day, with DASH breaking through the first major resistance level, the bulls now eyeing $200 levels.
Bitcoin sees red early, giving gains from the start of the day. A move back through to $6,500 will be a must to support an afternoon rebound.
It’s been a mixed start to the day, the majors giving up gains from earlier in the day, key levels needed to be held on to in support of an afternoon rally.
Bitcoin’s on the rise early, while failing to hold on to $6,500 levels again in the early hours, which could deliver a reversal later in the day.
Tether, despite questions surrounding its finances, remains the dominant stablecoin. Following a recent announcement, is that starting to change?