As a result of the trade war and trumps latest tweet China is currently devaluing the yuan. It's now above 7yuan/usd.
I imagine this might promt some chinese millionaires to want to buy BTC due to fear. I'm seeing some correlation in when there is fear in the Chinese Yuan through devaluation.
Is this causing a Bitcoin bullrun?
The circled section conflicts...
After yesterdays Bitmex shakeup we are back in this range. It's surprising that there wasn't a lasting effect or start to a new trend. Overall it feels like the markets are confused. Thinking the next best trade would be wait until it break above or below this range.
