Ok,
Huge news has to be digested.
The Japanese stock exchange is closed, and Bitmex is dead.
First Bitmex, it was instrumental in the paper shorting of Bitcoin from the ATH and so this can be interpreted as very bullish.
The closure of the Japanese stock exchange is frightening though also bullish.
Thus, you can see that the key support area of 10,500 was just tested and held. If it holds for the next day then this is very bullish.
The key question then becomes thus: will your crypto be usable and for how much longer?
Can the core stay stable while we depopulate the periphery? Will the exchanges stay open?
In my opinion, the only safe countries left are European, Oz, NZ, Russia and key Chinese cities.
We're down to days, weeks, ... before mass die offs in the periphery.
Huge news has to be digested.
The Japanese stock exchange is closed, and Bitmex is dead.
First Bitmex, it was instrumental in the paper shorting of Bitcoin from the ATH and so this can be interpreted as very bullish.
The closure of the Japanese stock exchange is frightening though also bullish.
Thus, you can see that the key support area of 10,500 was just tested and held. If it holds for the next day then this is very bullish.
The key question then becomes thus: will your crypto be usable and for how much longer?
Can the core stay stable while we depopulate the periphery? Will the exchanges stay open?
In my opinion, the only safe countries left are European, Oz, NZ, Russia and key Chinese cities.
We're down to days, weeks, ... before mass die offs in the periphery.
Note
We have a breakout. Watch the daily close, if confirmed then we attack higher.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.