Here is my weekend analysis for BTCUSD
I normally wouldn't trade at the weekend! but if this opportunity arises then I may take if there is a reversal pattern within my zone and the killer fib zone! on lower TF
NEWS SOURCE (FORBES_)
Trump’s Empty Bitcoin Threat; PayPal Prepping For Crypto Trading
CRYPTO MARKETS
Bitcoin had another calm week despite the expiration of nearly $1 billion worth of bitcoin options on Friday. Millennials remain confident that it will be a useful investment in the near term, with 44% of them in one survey saying they’re likely to buy bitcoin in the next five years and 47% trusting it more than big banks. But traditional investors like Jim Rogers are more reserved, believing that governments will not allow cryptocurrencies to survive and bitcoin’s value will “eventually become zero.”
Bitcoin proponents like to point out its similarities with gold, but they’re lucky in this context it has some obvious differences, too. Its online decentralization makes it easy to transfer around the globe instantaneously, and transactions off exchanges can be untraceable. “Bottom line: it would be nearly impossible to censor bitcoin transactions,” says early bitcoiner Marshall Hayner.
PAYPAL OPENING FOR BUSINESS
PayPal PYPL and its subsidiary Venmo are reportedly gearing up to enable more than 300 million users to buy and sell cryptocurrencies directly from their platform in the next three months. The move would mark another reversal for PayPal after it backed out of Facebook’s Libra Foundation last fall. Its competitor Square’s Cash App already offers crypto transactions and has seen record downloads during the pandemic.
I normally wouldn't trade at the weekend! but if this opportunity arises then I may take if there is a reversal pattern within my zone and the killer fib zone! on lower TF
NEWS SOURCE (FORBES_)
Trump’s Empty Bitcoin Threat; PayPal Prepping For Crypto Trading
CRYPTO MARKETS
Bitcoin had another calm week despite the expiration of nearly $1 billion worth of bitcoin options on Friday. Millennials remain confident that it will be a useful investment in the near term, with 44% of them in one survey saying they’re likely to buy bitcoin in the next five years and 47% trusting it more than big banks. But traditional investors like Jim Rogers are more reserved, believing that governments will not allow cryptocurrencies to survive and bitcoin’s value will “eventually become zero.”
Bitcoin proponents like to point out its similarities with gold, but they’re lucky in this context it has some obvious differences, too. Its online decentralization makes it easy to transfer around the globe instantaneously, and transactions off exchanges can be untraceable. “Bottom line: it would be nearly impossible to censor bitcoin transactions,” says early bitcoiner Marshall Hayner.
PAYPAL OPENING FOR BUSINESS
PayPal PYPL and its subsidiary Venmo are reportedly gearing up to enable more than 300 million users to buy and sell cryptocurrencies directly from their platform in the next three months. The move would mark another reversal for PayPal after it backed out of Facebook’s Libra Foundation last fall. Its competitor Square’s Cash App already offers crypto transactions and has seen record downloads during the pandemic.