Post
Topic
Board Speculation
Re: Lose all your capital fast, with MatTheCat and his TA 101A!
by
clopoterian
on 01/06/2016, 12:41:51 UTC
I think that after chinese pushed the market last week, it's not the turn of western exchange, probably for the "same" reason (not a devaluation though, but weaknesse of the $)
Let me see if I get this: Chinese purportedly bought BTC due to yuan getting devalued rel. USD ($ too damn strong!)
now the westerners are gonna buy BTC because $ too damn weak?
You must'a been to some expensive universities....

Lazy to make you a chart, USD short term downtrend against some of its friends:

https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2016/05/31/dailyclassics_aud-usd.html
https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2016/05/30/dailyclassics_eur-usd.html
https://www.dailyfx.com/forex/technical/home/analysis/nzd-usd/2016/05/30/dailyclassics_nzd-usd.html

Not too lazy to grab a screencap. BTC short term downtrend against some of its friends:
http://s33.postimg.org/ai1558l7z/Capture.jpg