Turmoil in stock markets, fear for the failing property giant Evergrande. The Chinese real estate developer misses two payments and bankruptcy is almost eminent. Will the Chinese government support this giant or will they bury Evergrande next to Lehman brothers?
Paper money called Joss paper is burnt during Chinese funerals. Made from bamboo or rice paper, they often make Joss paper to look like money and is burnt in order to ‘give’ money to the souls of those who have died. What will the CP burn? These are the choices: #US$, #EUR, #NYSE, #BTC or Joss paper?
Two years after the virus, China is leading the world to another disruptive event.
On the 18th, there was a big red down triangle on the ETH chart. BTC still looks okay, so I paid little attention to it. But still warned, I watched closely what happened on Monday, Daily chart of BTC turns also RED, and a RED arrow appeared. Time to sell and wait. Therefore, trust the indicator you are using!