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analyst75

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analyst75 last won the day on March 24 2018

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  • First Name
    Azeez
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    Mustapha
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    Nigeria
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    Forex analyst, coach and funds manager
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    Tallinex focuses on risk mitigation, leading us to develop proprietary trading technologies. All Tallinex trades are transmitted swiftly and reliably to the world's largest banks through a PrimeXM FX bridge to Integral's FX Grid system, which is optimized for Forex trading. Our clients can therefore benefit from better ECN/STP technology and confidently trade the Forex markets through Tallinex.
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    Forex trading

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    Meta Taders 4
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    Tickmill

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  1. Monero (XMR) Faces Selling Pressure After Breakout Attempt Key Resistance levels: $70, $80, $90 Key Support Levels: $40, $30, $20 XMR/USD Price Long-term Trend: Bearish The coin had been trading above $50 in October in a sideways trend. In November, Monero made a positive move and broke above the $60 price level. The bulls could not sustain the move above the upper price level as the coin was resisted at $65. Monero drops and breaks the low at $50 to a new low of $47. The coin is falling after pulling back to retest the previous low at $50. There are indications that the coin will fall as the previous low has been broken. If the selling pressure continues, the price will reach the lows of either $34 or $40. Daily Chart Indicators Reading: The downward move has been characterized by a series of lower highs and lower lows. The coin retested the resistance line and made a downward move. The price may fall and reach the lower lows of the support line. The XMR has fallen and reached level 42 of the daily RSI period 14. It also indicates that the coin will fall as it is below the center line 50. XMR/USD Medium-term bias: Bullish On the 4-hour chart, the pair drops to the low of $46 and commences an upward move. The upward move was short-lived as the coin was resisted at $56. If the coin continues its falls and breaks below $46, the downward move will resume. 4-hour Chart Indicators Reading The coin falls to the support of the 26-day EMA, if it breaks below it, the coin will resume depreciation. The pair is now trading in the oversold region below 20% of the daily stochastic. This indicates that the market is in a strong bearish momentum. General Outlook for Monero (XMR) Monero is trading in the bearish trend zone which tends to fall. Nevertheless, all the indicators are showing bearish signals. The coin is falling after testing the resistance line, if the coin holds above the support at $50, Monero will make an upward move. On the other hand, if it drops below $47, the downtrend will resume. Monero (XMR) Trade Signal Instrument: DASH/USD Order: Buy Limit Entry price: $47 Stop: $30 Target: $60 Source: https://learn2.trade
  2. GBPUSD Price: Following Recouping From The Low, British Pound Anticipates Upward Momentum GBPUSD Price Analysis – December 1 The pound had a positive prior week as traders anticipate to build the scenario for buyers to step in, and now it seems likely to continue on the upside. If we can exceed the crucial level on the level at 1.3012, it is likely that the pound sterling takes off towards the level of 1.3185, and then possibly even the level of 1.3301 depending on the extent buyers push the FX pair. Key Levels Resistance Levels: 1.3301, 1.3185, 1.3012 Support Levels: 1.2768, 1.2582, 1.1958 GBPUSD Long term Trend: Bullish In the longer term, the increase from the level at 1.1958 is viewed as consolidation from beneath. A new advance towards resistance on the level at 1.3301 may be seen. At the moment, this may continue to be the preferred scenario as long as the level at 1.2582 resistance turned support stays intact. However, the firm break of the level at 1.2582 may shift the target towards the level at 1.1958 low and further beneath. The outlook stays bullish, displaying an intact uptrend in the short and long-term. GBPUSD Short term Trend: Bullish GBPUSD remained in consolidation since hitting the level at 1.3012 in the prior week while the trend is unaltered. The initial bias may stay neutral initially for this week. The retracement may be limited by the level at 1.2768 support. Although on the positive side, the break of the level at 1.3012 may reactivate the entire rally from the level at 1.1958. However, the break of the level at 1.2768 may advance a further plunge to the level at 1.2582 resistance turned support. Source: https://learn2.trade
  3. The 419 plan is that you send money to get 100% profits of what you send in less than 50 minutes. They ask you to send more money once you send first amount. They don’t have any website. Even if they do, they can pull it down. They have no physical office. They claim you cannot comment cause of spamming, but they often remove members (who can’t comment). Needless to say, those members have been scammed or realized they’re criminals and instead, they think his presence in the group is no longer needed. They appear religious. They use multiple phone numbers belonging to part of their groups to give fake testimony, to deceive people. Alerts shown are money from fools who send money to them. They’re not from investors who get paid. You join them or they add you. People should start massive campaigns against these idiots who come in different investment names. The public should be warned. TO REITERATE This is a scam. They have duped many people.... Promising to double their money everyday. If this was possible, every Nigerian would be rich. They are smart liars and a group of fraudsters, who will do everything possible to convince you they're genuine and God-fearing. Once they collect your money, they remove you from their group. You can't even comment so that others won't know they're criminals. Those who share fake testimonies are part of a large group of the scammers... And they're the ones that can post.. In order to deceive people that this is real. The alerts they show you are actually alerts of funds sent by their victims (mumus/magas, who want to become rich by having their monies doubled). They're now targeting WhatsApp, Telegram, Facebook and Instagram, looking for victims to join them. The go as far as hacking social media accounts so that they can deceive and lure your friends and family by posting the scam business, as if you had tried and trusted them (thus ruining your reputation). Now ask yourself, would a legitimate business hack people’s accounts so that they can get more clients? Would they add you to their groups without your consent? They have no websites and no offices... Sometimes, their written English is terrible. Even if they do, they can always pull the websites and move offices and remove their SIMs. You can only PM the admin that will eventually block you once they succeed in stealing your money. And they are desperately looking for more victims. Please run for your life.
  4. This is another scam business on a WhatsApp group. Their WhatsApp number is: +234 706 194 7833 They will look for your number and add you to their WhatsApp group without your permission. They will then ask you to leave the group if you don’t like what they’re doing. The moderators are maniacal criminals who would quickly remove you from the group if you ever question what they do, and also private message you to abuse you (PM, DM, PC). Unlimited 100% Fixedgame promises to give you numbers that win sports bets 100% of the time. They say you cannot lose because they have access to secrets of fixed matches. But you need to send money to get the numbers to do sports betting games. Send money to them at your peril… They remove you quickly from their group afterwards. Mission accomplished. If they know numbers that could win 100% of the time, why can’t they and their family only play the game and become rich? Why must they spend a lot of time and energy persuading people to be rich? These scoundrels use many means to dupe people, but it boils down to, “SEND MONEY TO RECEIVE MONEY.” They have many cousins, like Assured Wealth Management, Lavita Ricca Investment, and others. This is more info about them: https://www.nairaland.com/5169885/assured-wealth-management-latest-scam https://www.nairaland.com/5028627/how-got-scammed-10k-lavita
  5. USDCHF: Upside Momentum Attempt At Parity Losses Steam, Running Into Sellers USDCHF Price Analysis – November 26 The USDCHF reached a new daily high of the level at 0.9987 at the start of the European session but failed to maintain momentum as investors refrained from taking important positions pending further developments on the trade dispute between the United States and China. At the time of writing, the pair was up 0.07% on the day on the level at 0.9970. Key Levels Resistance Levels: 1.0231, 1.0126, 1.0027 Support Levels: 0.9869, 0.9798, 0.9659 USDCHF Long term Trend: Bullish Overall, only the medium-term trend stays neutral, with USDCHF remaining in the range of the level at 0.9659 / 1.0231. In all cases, a decisive break of the level at 1.0231 is needed to indicate a recovery of the uptrend. Otherwise, a more parallel trend may lead to another plunge. Meanwhile, the support break of the level at 0.9890 may instead target support on the level at 0.9841. The outlook is bullish, displaying yet an intact uptrend in the short and long-term trend. USDCHF Short term Trend: Bullish The USDCHF is losing ground from the upside, as shown by the 4-hour RSI. But with minor support intact on the level at 0.9949, the intraday bias stays slightly higher. Consolidation starting on the level at 1.0027 should end at the level at 0.9869. A new advance may be seen to test the level at 1.0027 again first. While a break there may resume its total advance from the level at 0.9659 to retracement from the level at 1.0237 to 0.9659 to 1.0126. On the flip side, a break of the level at 0.9949 minor support may tip the balance forward to extend the consolidation with another foot down. Instrument: USDCHF Order: Buy Entry price: 0.9964 Stop: 0.9890 Target: 1.0231 Source: https://learn2.trade
  6. Bitcoin SV Makes Upward Corrections But Struggles To Push Price Above $110 Key Resistance levels: $220, $240, $260 Key Support Levels: $160, $140,$120 BSV/USD Long-term Trend: Bullish Bitcoin SV is making a surprising upward move after surviving a downtrend from the overhead resistance at $150. The coin fell to a low of $92 and commenced a bullish move. The price upward move can be sustained if the bulls overcome the initial resistance at $115 and $ 120. Presently, the coin is trading at $108, attempting to break above the previous low in July. In July, the previous low was supported as the market moved up to the $180 price level. Today, the previous low is a resistance level, the price has to break above that low and close. However, BSV will fall to the low of $80, if the bulls fail to break the initial resistance levels. Daily Chart Indicators Reading: Bitcoin SV is in a bullish momentum above 20% range of the daily stochastic. The market is expected to rise and revisit the previous high of $140. The rise of BSV is depended upon the bulls breaking above the 21-day and 50-day SMAs. The price will be in the bullish trend zone if the price is above the SMAs. BSV/USD Medium-term bias: Bullish On the 4-hour chart, the price tested the support above $92 before embarking on the bullish movement. The formation is in the form of a bullish double bottom indicating that the coin is likely to rise. The coin is expected to rise above the $120 and retest the overhead resistance at $140. 4-hour Chart Indicators Reading There are prospects of the coin rising because the price is above the 21-day and 50-day SMAs. The RSI period 14 level 53 indicates that price is above the centerline 50 which means Bitcoin SV is in a bullish trend. General Outlook for Bitcoin SV (BSV) Bitcoin SV is in a bullish momentum. All the indicators are showing signs that BSV is in a bullish trend except the moving averages. On the daily chart, the price bars are still below the 21-day SMA and the 50-day SMA meaning that the coin is the bearish trend zone. The 50-day SMA is acting as a resistance to BSV. However, the coin will be in an uptrend once the price is above SMAs. BSV Trade Signal Instrument: BSVUSD Order: buy Entry price: $105 Stop: $92 Target: $140 Source: https://learn2.trade
  7. EURUSD Is Dominated By The Bull Market Throughout As The Pair Seek To Recover EURUSD Price Analysis – November 18 The bulls had full control today, moving the market up during the entire European session as the FX pair confirmed its breakout past the high of the prior session after trading up to 1.1068 above during the day. Key Levels Resistance Levels: 1.1501, 1.1412, 1.1278 Support Levels: 1.0989, 1.0879, 1.0780 EURUSD Long term Trend: Bearish EURUSD at the moment, the rebound from the 1.0879 level is initially seen as a remedy and, in the case of a further increase, the increase may be contained by the level at 1.1412 retracements from the level at 1.0879. Although the downward trend from the 1.1501 (high) level may resume later. However, the sustained plunge from the 1.1412 level may change this bearish position and lead to a greater increase in the retracement to the level at 1.1501. EURUSD Short term Trend: Ranging The EURUSD intraday bias stays neutral for the initial position and a further plunge is anticipated as long as the resistance remains at the level at 1.1073. Also, the corrective rebound from the level at 1.0879 is expected to end at 1.1501. Meanwhile, past the low of the level at 1.0989, the bias will be revised downward to repeat the low of the level at 1.0879. However, the breakout of the level at 1.1073 may soften this bearish trend and push up the bias for the level at 1.1175. Instrument: EURUSD Order: Buy Entry price: 1.1073 Stop: 1.0989 Target: 1.1412 Source: https://learn2.trade
  8. 0X (ZRX) Continues To Disappoint Investors Key Resistance levels: $0.30, $0.35, $0.40 Key Support Levels: $0.20, $0.15,$0.10 ZRX/USD Price Long-term Trend: Bearish The ZRX/USD pair is in a downward move after the market retests the $0.30 price level. In October, the coin was in a bullish move and tested the $0.35 resistance level. The bulls tested the $0.35 price level again and formed a bearish double top. With the formation of the bearish double top, the coin fell to the support line of the channel. The bulls may a retest at the $0.30 price level and resumed the downward move. The market has fallen to a low of $0.27 and it is consolidating above that level. This was the previous low in May. However, if the price breaks below $0.27, the pair will drop to a low at $0.20. Nevertheless, if the $0.27 support holds, the price will move up. Daily Chart Indicators Reading: The price has fallen to the support of the 50-day SMA and if the 50-day SMA holds, the 0x will move up to retest the resistance level. The RSI period 14 level44 indicates that the price is in the range-bound zone. ZRX/USD Medium-term bias: Ranging The bulls move up to test the resistance at $0.35 on two occasions and commenced a sideways move. The coin is fluctuating between the levels of $0.27 and $0.35. Nevertheless, the bears tested the support line and rebounded. The pair is likely to continue with the sideways move. 4-hour Chart Indicators Reading The 21-day SMA and 50-day SMA are trending horizontally indicating that price is in a sideways move. The stochastic indicator is above the 40% range indicating that price is in bullish momentum. General Outlook for 0x The ZRX/USD pair is in a downward move but the price is ranging above the $0.27 support level. After the sideways move above $0.27 and if the bears break below the support level, the selling pressure will resume. 0x Trade Signal Instrument: ZRXUSD Order: Buy Limit Entry price: $0.25 Stop: $0.20 Target: $0.35 Source: https://learn2.trade
  9. EOS Begins A Gradual Rally; Can It Reach The Resistance Level At $6? Key Resistance Levels: $5, $6, $7 Key Support Levels: $3, $2,$1 EOS Price Long-term Trend: Bullish EOS is in a bullish move but it is encountering penetration at the $3.70 price level. The market pulls back and continues to trade below $3.70. EOS has made concerted efforts at the resistance so as to move up the price ladder. Previously, the bulls have successfully prevailed over the downtrend line as the coin moves up. Similarly, if the current resistance level is surmounted, the coin will move up again to either $4.60 or $5 price level. Nonetheless, if EOS fails to move up, the coin will fall and find support at $3.20. EOSUSD - Daily Chart Daily Chart Indicators Reading: The RSI period 14 levels 58 signify that EOS is falling and approaching the sideways trend zone. EOS is at the point of a bullish crossover which means that EOS may rise. The downtrend line has already been broken as the market went up. It is unlikely for the selling pressure to resume and price fall below the downtrend line. If it does price may retrace to a low of $ 3.20. EOS/USD Medium-term bias: Bullish On the 4-hour chart, the EOS fell to a low of $2.60 in September and October to resume a bullish move. In September, the market went up but was resisted and it dropped to another low at $2.60. At this low, a trend line is drawn to establish the level of price movement. The uptrend is said to be continuing if the price makes higher highs and higher lows. Nevertheless, if the market falls and breaks below the trend line, the uptrend is said to be ended. EOSUSD- 4-Hour Chart 4-hour Chart Indicators Reading EOS is below 40% of the stochastic indicator signifying that price is in a bearish momentum. The EMAs are trending upward suggesting that EOS is rising. General Outlook for EOS EOS is in a bullish market. At a low of $2.60 in September the bull market was short-lived as it was terminated at $3.20 price level. The bulls embarked on another bullish move in October but faced another resistance at $3.70 after breaking the initial resistance at $3.20. As already indicated in the price analysis, EOS may move up, if it takes care of $3.70 price level. However, on the 4-hour chart, if EOS pulls back and breaks below the trend line, the market will drop again. EOS Trade Signal Instrument: EOSUSD Order: Buy Entry price: $3.40 Stop: $2.50 Target: $6.0 Source: https://learn2.trade
  10. Tips On How Best To Handle Bitcoin Market Crashes In a scenario where the price of Bitcoin is crashing, what would be the best reactions to take? Below are a few things an investor can do to weather the storms of a market crash. Maintain a Calm State of Mind Trading Bitcoin mandates that one has a disciplined mind state, meaning that your emotions must be in check at all times. Allowing your emotions to cloud your judgment in unfavorable market conditions is never the best option and in most cases, ends in disappointment and regrets. What you should do instead is take a break, evaluate what is happening and make logical decisions. Most times, it is best to do nothing rather than taking an action that might end up going against you. Try Not to Obsess Sitting in front of your screens all day is not going to change anything happening in the markets. Spending time making analysis and plotting charts is fine, but don’t waste hours obsessing over the predicament you might be facing. It is advisable to engage yourself with something more constructive. However, if you still have to trade, select a limit order and move on to something else. Do Not Lose Focus of the Main Aim The fact that Bitcoin may be facing a crash at a time does not mean that the overall demand for Bitcoin is gone, it is usually just a temporary downturn. The crypto market possesses the most assorted investor base of any other sector, it is safe to say that the market will almost certainly bounce back. Always adhere to your trading strategy. Do not let the current situation drive you to make drastic trading decisions only for the market to turn around days later, causing you further losses or opportunities. The crypto market is an extremely erratic playing field and huge plunges and rallies are always expected. Source: https://learn2.trade
  11. FTX Crypto Derivatives Exchange: The New Trend In Future Options Trading With a growing demand for crypto derivatives trading, new crypto derivatives exchange platforms are now emerging. Derivatives trading, account for more than half of 24-hour trading volumes recorded. The new chip on the block is FTX, crypto derivatives exchange from FTX trading ltd, a company based in Antigua and Barbuda. More on FTX FTX crypto offerings consist of futures, FTT token which is leveraged and OTC trading. It has created a niche for itself by its leveraged token and trading indices. Though quite new, trades recorded on it may not have been substantial, but analysts believe with the variety of crypto offerings it’s giving, it may soon witness phenomenal growth. Recently, FTX brought on board its trading indices, eight well-known cryptocurrencies that are China-linked. These are BTM, IOST, NEO, NULS, ONT, QTUM, TRX, and VET. FTX has also built a name for itself in China despite china’s anti-crypto stance. The coins will be available to traders as a perpetual futures contract while providing a leverage time value of more than a hundred. Listed on its platform for futures trading are major cryptocurrencies and index coins like Bitcoin(BTC), Ethereum(ETH), Litecoin (LTC), Ripple(XRP), Altcoin Index, Midcap Index, Shitcoin Index, and Exchange Token Index. FTX Features FTX gives you ‘leverage’ on your capital with its leverage time value of more than a hundred. Its futures contract has a time tenure of the current quarter, next quarter and a perpetual future(DRGN-PERP). FTX futures are Stablecoins-settled so this allows you to make deposits with Stablecoins while capturing your profit and loss(PNL) also. Thus, no need for bank account linkage. Flexible collateral which may be Stablecoins or fiat currency. No deposit or withdrawal fee. Low trading fees that target the high volume user. Bonus for sign up through referrals for its users. Being backed by Alameda Research, a top cryptocurrency liquidity provider, FTX has access to top order books. Various payment methods in the form of deposits like TUSD, USDC, PAX, Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Tether, Stablecoins and others which are FTX recognized are accepted on its platform. FTX index futures contracts are the first of its kind. FTX also offers its users the ability to activate 2 Factor Authentication (2FA) using Authy or Google Authenticator. FTT: FTX Leveraged Tokens Its Leveraged Tokens are ERC20 tokens that help users manage risk while reinvesting profits back into the asset being traded. Is FTX Legit? Not much can be said as regards this since it is still new but there have not been any regulatory violations or theft cases since its inception. However, details about the FTX method of storage of user funds are relatively unknown. FTX Verification The need for verification may arise for withdrawals above a thousand USD and for users who wish to increase their withdrawal limits. For this, an identity proof document with proof of address, ID document, the scanned front and back with a picture tagged “FTX” and date may be required. Ending FTX Exchange has created a niche for itself although it is advised for users to use the online tool and learn more to make the best choice of any trading tool or exchange. Source: https://learn2.trade
  12. Latest Releases May Push Recovery Past The Level At 1.30 Handle: What Next For GBPUSD? GBPUSD Price Analysis – November 3 Due to recent news release, the GBPUSD pair may recover further past the horizontal line on the level at 1.30 handle. The pair exited the prior week higher at the level 1.2940. Trending about 28 pips higher after the open, the Cable was unable to hold its gains as the sellers took control ending the day below its opening price. As the new session begins, the 1.3000 level is critical and may limit a further advance. Key Levels Resistance Levels: 1.3301, 1.3185, 1.3012 Support Levels: 1.2582, 1.2195, 1.1958 GBPUSD Long term Trend: Bullish In the longer picture, the present scenario affirms the case of medium-term bottoming on the level at 1.1958. However, at this stage, the rise from the level at 1.1958 is seen as consolidating from the previous fall. And a further advance may be seen back towards 1.3301 resistance. As of now, this scenario may stay as the likely trend in as much as the level at 1.2582 resistance turned support is intact. Although the GBPUSD displays a short-term downtrend, its likely a correction, as both the medium and long-term trends are still bullish. GBPUSD Short term Trend: Ranging On the 4-hour time frame, the bias stays neutral before the next open as the GBPUSD is staying in consolidation from the level at 1.3012 from the last session while the outlook is unchanged. Meanwhile, in the event of another retracement, the downside may be contained above the level at 1.2582 resistance turned support to effect another advance northwards. On the upside, the break of the level at 1.3012 may further its advance from the level at 1.2195. Source: https://learn2.trade
  13. Malta’s Financial Authority Raises Alarm Of New Scam According to a report filed on the 31st of October, the Malta Financial Services Authority (MFSA) has alerted the public of a Bitcoin scam. This new scam bears the same qualities as another scam that has been spotted in the past. The MFSA has cautioned the public to avoid the body called ‘Bitcoin Future’ which seems to be displaying similar deceptive properties as another known as ‘Bitcoin Revolution’. The MFSA has already released 2 public warnings this year on Bitcoin Revolution. The report points out that these scam projects seem to always reappear on the internet as ads, after changing their labels to shield them from getting spotted. The regulatory authority stated that the ads sold fake promises like “a way to build your life better” and “a unique opportunity for Maltese”, and directed the public to a precise webpage where the fake ads were being sold. As a disclaimer, the MFSA has said that Bitcoin Future is not recognized as a legal corporation in Malta, does not have permission to deliver financial services in any way to the country, and does not conform to the transitory provision concerning Article 62 of the Virtual Financial Act of Malta. To sum it up, the regulatory body has said that Bitcoin Future seems to be a global “get-rich-quick” scam and has advised its citizens to desist from engaging with it and that those who do would be doing so at their own risk. The report also consisted of a link to an authorized list of financial entities that have been certified by MFSA, and procedures to identify if a service provider is a scam or not. New Strategy and Alliance by the MFSA In September, the MFSA broadcasted a scheme for vigorously monitoring and managing risks on cryptocurrency corporations. The strategy, which will span from 2019 through 2021, disclosed that the regulatory body plans on upgrading their approach and will be working directly with the Financial Intelligence Analysis Unit, also with other global authorities. Sometime this year, the MFSA contacted CipherTrace, a blockchain security corporation, to oversee cryptocurrency-related activities in the country and to battle fraudulent activities and terrorism financing. Source: https://learn2.trade
  14. Fall Reversal On The EURJPY After Tumbling Below The Key Technical Support Level At 120.35 EURJPY Price Analysis – November 1 EURJPY currency pair tumbled and breached a significant horizontal zone on the level at 120.35 during yesterday’s trading session. As for the near future, buyers on EURJPY may take the exchange rate back to the upside to retest the price level at 121.10/121.47 within this session or the following trading session. Key Levels Resistance Levels: 127.52, 125.23, 123.37 Support Levels: 119.11, 117.08, 115.86 EURJPY Long term Trend: Ranging In the EURJPY longer-term picture, the present scenario reinforces the idea that a medium-term bottom is formed around the lower horizontal zone at the support on the level at 117.08, on a bullish structure trendline in daily outlook, above the level at 115.86 critical support. However, a decisive break of the level at 120.78 support turned resistance may reinforce this case and bring further advance to the falling outlook resistance presently on the level at 125.23. The FX pair displays weakness for the time being (as per its long term downtrend) with just the medium-term pattern as yet being bullish. EURJPY Short term Trend: Ranging The flipside of the EURJPY is remaining in consolidation from the level at 121.47 and it’s intraday bias at the current moment stays neutral. Meanwhile, in the likely event of a deeper plunge, its downside may be restricted above the level at 119.11 support to bring another rally to the upside zone. As for the near future, buyers on EURJPY may take exchange rate back to retest the price level at 121.10/121.47 on the upside, a break of the level at 121.47 may re-energize the advance from 117.08 to the level at 123.37 next. Instrument: EURJPY Order: Buy Entry price: 120.78 Stop: 119.11 Target: 123.37 Source: https://learn2.trade
  15. Brexit Aftermath: The Market Reaction Of Bitcoin, Gold And Pound Sterling To Headline News In The EURO Zone After the UK made it public to exit from the EURO bloc, the market cap for Bitcoin and Gold has increased almost by $133 billion and $1 trillion. Is this the Brexit aftermath? As it is, the end may be near for Brexit. In the recent declaration an accord is reached between the British government and the EU, everyone is on the lookout for the final date Brexit will conclude. And based on this scenario, an analysis is drawn on the aftermath of this separation in the politics of the EURO bloc and the effect on the price of Bitcoin, Gold and pound sterling. Bitcoin: Since the start of Brexit, Bitcoin’s market cap had spiked higher and recovered about $10 billion worth. Before Brexit, the cryptocurrency of the first choice had been stable in price after crashing to a market cap of about $2.9 billion low around January 2015. However, after the crash, the cryptocurrency had spiked to about 300% within 18 months while the next super halving of the project is expected on the network from 25 to 12.5 fresh Bitcoin’s per 10 minutes. As of mid-2016, the most liquid GBP market was the London based Coinfloor exchange. The exchange did around 772 Bitcoins’ worth of volume that day, valued back then at around $4.9 million, with data from the technical back end at the Trading view. The Pound Sterling: The British national currency had crashed by almost 20% on the night of the vote after hitting a momentary high of about $1.5 versus the USD for about 8 months. Since crashing to a low of about $1.2 as at March 2017, the Pound sterling had rallied 6% within a 4-week time frame, after the UK parliament decided to vote and activate the Article 50 while then the Brexit journey began for the UK taking it two years to discuss its planned exit from the EURO bloc. Gold: The safe-haven asset also spiked higher around the same time frame from mid-March to mid-April 2017 with its price rising about 7% versus the USD. Nevertheless, this scenario didn’t play out on Bitcoin as in March 2017, beginning with its price at $1000, Bitcoin had surged to hit an all-time value of about $1300, as a result of markets expectation for a Bitcoin ETF being endorsed. However, after its nullification was declared on 10th March 2017, the cryptocurrency fell to a low of about $888 which occurred concurrently with the UK’s law passage for its exit from EURO bloc. Ever since then as the UK’s Brexit discussions with the EU raged on, so did the Pound against the US-dollar and Bitcoin gained more to its price. Bitcoin, Gold, and Pound Sterling Reactions to Brexit During this timeframe transversing Brexit discussion and its process, the Pound lost the majority of its 15% gains recovered, to tumble from a high of $1.43 to hit $1.20 on 3 September. In a similar multi-day timeframe, gold broke out of its basic $1400 resistance level to rally 15% versus the US-dollar. While Bitcoin gained higher, then again, stayed on the level around $8,000—yet the genuine story of those 17 months incorporates the cryptocurrency crashing towards $3,000 (December 2018) preceding the move spiking to a high of almost $14,000 in June this year. Source: https://learn2.trade
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