Good day all. What a week so far!
Global markets recovered nicely after some more stability was provided by the Chinese People's Bank on Tuesday, they injected $18.6 billion into the banking system to halt the downward trend. Evergrande still is a developing issue and it remains to be seen what fall out it may have. If they do fail to make an interest payment they have 30 days to solve it before the debtor can start a bankruptcy procedure so it is not impending doom all at once.
On Wednesday Fed Chairman Jerome Powell announced that the US will be keeping their interest rates at the current levels for at least the next 4-6 months which gives the market some stability for now but the huge amount of debt is going to be a problem sooner or later.
All in all it looks like Q4 is set to be good, the major red flags are temporarily covered. We have entered the market and currently have 50% in LUNA which is getting ready for the Columbus-5 Protocol launch in 6 days.
Strap in and get ready to ride that rocket! We have a stop-loss at ETH $2925 if the market moves against us and will move out with 70%. Let's finish this week in the greens!