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Note: Low and High figures are for the trading day.

Note: Low and High figures are for the trading day.

Note: Low and High figures are for the trading day.

Note: Low and High figures are for the trading day.

Note: Low and High figures are for the trading day.

Note: Low and High figures are for the trading day.

New Zealands Prime Minister Jacinda Ardern: No need to cancel large gatherings at the moment -BBG

Tomorrow is Friday the 13th…Will the equity selloff deepen? Because…

Looks like that Symmetrical Triangle continuation pattern for USDMXN is playing out after a false breakout last month. This illustrates two things: 1. Confirmation is🔑 2. Sometimes patterns play out.

Looks like US-Iran tensions may now be another fundamental risk markets have to contend with: – US jet strikes Iran-backed Kataib Hezbollah locations in S. Baghdad (Arabiya). Targets were reportedly locations of militia in Baghdad (BBG) Equity futures pointing lower

AUD and NZD aggressively down against all major counterparts early into Asias Friday trading session. Dow Jones futures down over 1% with S&P 500 not far behind.

RT @Convertbond: Cost of Default Protection – Bank CDS spreads are still below 2013, 2011 highs, not even close to 08 This is a bullish s

– Japanese Yen may rise as coronavirus threatens global financial stability – Delicate corporate debt markets could catalyze market-wide credit crisis – Leveraged loan market, collateralized loan obligations could be culprits

The BTFD crowd are strangely silent…🤔🤔🤔

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP): Cryptocurrency Carnage, Prices Down 20%+

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Prices, News and Analysis:

Cryptocurrencies roiled in less than an hour.

Bitcointrades below $5,800 as sellers hammer the market.

A Guide to Day Trading Bitcoin and Other Cryptocurrencies

In less than an hour the prices of all major cryptocurrencies have fallen by over 20% asextreme volatility stalks the market. As yet unconfirmed stories of large sell orders hitting the market have seen Bitcoin (BTC),Ethereum(ETH) andRipple(XRP) hit multi-month lows with previous support levels taken out with ease.

The one-hour Bitcoin chart shows BTC trading below $5,750, a high to low loss of 22% in one hour. Cryptocurrency prices started the day around 5% lower, but this move showsthatthe markethas lost all confidence in cryptos with little support of note on the BTC chart. With such extreme volatility is difficult to say if this is a flash crash with a potential rebound near, or the start of a longer downtrend.

Traders maybe interested in two of our trading guides Traits of Successful TradersandTop Trading Lessons while technical analysts are likely tobe interested in our latestElliott Wave Guide.

What is your view onBitcoin (BTC) bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author viaTwitter@nickcawley1.

DailyFXprovides forex news and technical analysis on the trends that influence the global currency markets.

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