Good morning and TGIF! Yesterday we had some long-awaited volatility coming back to the markets, that started with the NIKKEI blow-off top, at least for short term.
Usually the next day of these massive moves is the hangover day, but today is Friday, so expect nothing less.
About Bitcoin
Due to limited capacity and crazy-high fees, Bitcoin network seems to have a massive amount of transactions stuck. You can now superboost your unconfirmed bitcoin transactions by paying in Bitcoin Cash, a service run by btc.com.
Article via Trustnodes
Speaking of transactions - Stefan Thomas points out the TPS(Transactions per Second) comparison between Bitcoin and XRP. If you're a tech guy, you can catch up on the technology here, thats not for everyone though.
And finally - Convoy Investment have pointed out the rise and fall of some famous asset bubble. Via The Long View. In my humble opinion, it doesnt actually mean, that BTC is a bubble, but the chart is interesting and entertaining nonetheless.
About crude OIL
The price has been is rally mode for weeks. Yesterday we got news that Saudi Arabaia is cutting oil exports to all regions in December. Read the article on Bloomberg.
OPEC. Tensions are high in Middle-East, the Saudis are ordering all their citizens to leave Lebanon, due to the explosve situation. But - on November 30th we have the next OPEC meeting, which is gonna be the real interesting event - can the OPEC nations put their differences aside an sit down peacefully behind the same table? They might just have to. They must pay their cards right, as OIL price hitting 60$, soon everybody will be pumping oil.
This is the WTI oil weekly chart. We have hit the 38% fib and almost hitting the weekly 200 Moving Average, which, as you can see, has historically almost always produced a reaction. OVershoot is highly possible, but the level is here.
DAX daily. You can see where we stopped on the DAX chart ( the futs have gone a 100 pt lower easily though, but recoved for the morning).
Alright everybody, since today is Friday, let's not read too much into the markets. Be nimble and trade safe! Cheers!
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