UK stocks have struggled in recent days and regulatory fears have caused crypto assets to plummet. Chartist Alistair Strang makes sense of it all.
“A bitcoin for your birthday?” Why spend 11,700 dollars on something which is worth 9,400 dollars by the end of this sentence! “Oh look, someone just paid 12,530 for one while someone sold one for 9,908”. It has been a crazy week for bitcoin, traversing from 15,100 down to 9,170.
It’s probably important to mention, politely, we’re now showing the potential of 6,400 making an appearance as a bottom. It should bounce. The FTSE (UKX) on the other hand continues our 100% success rate on this, our incredibly popular FTSE for Friday mutter.