#FTSE #France A glaring hole in the logic with crypto currency comes from massive swings in value. Imagine selling your central London garden shed for 500 #Bitcoin, valuing it at around 5 million dollars. And within a few weeks, the rate changes and you’ve just let your shed go for 2.5 million instead. As a result, instead of being a property speculator, you’ve just become a crypto speculator, one which is walking funny.
This level of risk is obviously present with any international transaction. A chum, who imported staircases to the UK from Italy, would regularly check Euro movements with us before paying his supplier, sometimes finding he’d be wisest paying invoices early and at other times, delaying a few days could make a substantial difference to the bank transfer. But as crypto currency is an ideal way to hide ill gotten gains, selling & buying physical items certainly implies a risk quite far beyond the taxman’s remit.
Ethereum price movements certainly look worth some consideration, if considering using a stash of them to purchase something. At present, movements above 450 dollars look very capable of accelerating the value to 495 next where visually, some hesitation looks possible. If exceeded, things become rather more interesting as our secondary price level calculates up at 642 dollars. In fact, with closure one day above 495 dollars, the longer term attraction works out at 824 dollars.
If it all intends go wrong, Ethereum, trading at 411 dollars at time of writing, needs slip below 300 dollars to ring the first warning bell for reversals coming. We suspect, if you’re about to purchase a discrete Van Gogh with Ethereum, it may prove worthwhile waiting a few weeks.
*** We commented on the 19th August Supply@Me Capital were listed on the AIM. They are actually listed on the main LSE market. Sorry.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:15:10PM | BRENT | 45.6 | |||||||||
| 10:17:54PM | GOLD | 1929.62 | Success | ||||||||
| 10:22:12PM | FTSE | 6075 | 6044 | 6012 | 5962 | 6096 | 6111 | 6123 | 6150 | 6081 | |
| 10:28:18PM | FRANCE | 4955 | 4915 | 4906 | 4881 | 4960 | 4972 | 4982 | 5004 | 4949 | |
| 10:30:18PM | GERMANY | 12941 | Success | ||||||||
| 10:32:09PM | US500 | 3372.97 | ‘cess | ||||||||
| 10:34:20PM | DOW | 27690 | |||||||||
| 10:36:05PM | NASDAQ | 11329 | |||||||||
| 10:37:50PM | JAPAN | 23089 |
