Japan's inflation is at 2%, but what about a weaker Yen?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
BTC/USD: a top?
2019-11-11 • Updated
Trade idea
SELL 9,765; TP 8,600; SL 10,150
It seems that BTC/USD formed a “double top” after it had met resistance at the 61.8% of the 2017-2018 decline in the 13,500 area. On Tuesday, bitcoin closed below 38.2% Fibo of the 2018-2019 advance and the 50-day MA at 9,898. In July the cryptocurrency formed a lower high than it did in June. The price is certainly very volatile and can make bigger near-term swings, but the odds are now that it may test the 50% Fibo level at 8,517. Resistance is at 9,898 and 10,300.
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