Good report by https://www.markiteconomics.com/Public/Home/PressRelease/4309c89c183b4589a7e788f7ec23b76f?hootPostID=077680eed9e0620fe368bfd2eb2e7b0e Proving again that every central bank is just like Zimbabwe’s, it’s just a matter of degree.
TL;DR: Fed is going to keep rates low, it’s trapped. This will give some relief to crypto (and everything else), b/c IT’S. ALL. ABOUT. THE. USD. In fact if it wasn’t, there would be no need for $BTC. “The Fed Is Blinking In Front Of Our Very Eyes” https://www.zerohedge.com/news/2018-11-19/fed-blinking-front-our-very-eyes-nomura-calls-end-normalization
“TechCrunch recently posted a fascinating chart of the monthly count of global VC deals that raised $100 million or more since 2007. According to this chart, a new “unicorn” startup was born every four days in 2018.” https://www.zerohedge.com/news/2018-11-16/startup-bubble-derivative-stock-market-bubble Note the same thing happened in Crypto with ICOs. As $BTC mooned, so did ICO activity.
It’s hard to overstate the significance of this. Short Ether (sETH) Is Now Available on Radar Relay https://cryptoslate.com/short-ether-seth-is-now-available-on-radar-relay/
Crypto Twitter and the Cryptoverse in general seem to ignore (critically important) capital flows, but I guess most people do that… Key takeaway from the article: “China’s economy is not as strong as it was and it does not have a strong currency, evidenced by draconian capital controls propping it up.” Read the rest: http://investinginchinesestocks.blogspot.com/2018/10/currency-devaluation-fears-come-to.html […]
I wish Jimmy Song would relax and tell us how he really feels… “EOS is a Scam,” “BCH Has No Reason to Exist” and ETH is Amateurish and Stupid, According to Jimmy Song https://coindiary.net/eos-is-a-scam-bch-has-no-reason-to-exist-and-eth-is-amateurish-and-stupid-according-to-jimmy-song/ #ETH #BTC #BCH
TL;DR $ETH volume might be breaking out after a collapse, but this probably signals another downtrend. This is not financial advice. One of the more commonly heard phrases in trading is “price follows volume”, and recently volume on $ETH has collapsed and is now trying to break out. Unfortunately, in the near term this looks […]