Banxa Holdings Inc V.BNXA

BNXA

[arh0070]

Interesting how the pumpers/booster club suddenly shows up again including Vancity who disappeared for weeks.BNXA is short term overbought ,there have been some significant blocks being sold into this rally.
Last time I checked the total transaction volume was down A massive bet is being made on the  long term viability of the company  on the assumption that things will pick up .There will be a huge increase in expenses related to all these hires.
I sold some BNXA into this rally.Still have a very small position.Overall have made 8-9k on bnxa ,it is still a trader stock in my opinion.
The Crypto market has been recovering and its got more bullish again ,attempts being made (see Saylor) to get retail back into the market .However the 0.702 retracement has not been penetrated by Bitcoin .Total market cap has gone through the Fibonacci retracement.Some alt coins have had good gains .Today is a down day of around 10%.
There is a possibility that the Cryptos are going into a bear market right now instead of the widely predicted downturn in October to December timeframe .We will see .
BNXA may be undertaking a massive expansion right into a bear market which in the Cryptos is a 70-80% correction.Time for caution not massive extension .

[FederalReserve]

Intresting view Mr *arh0070* but I'm going to have to disagree with you simply because Central banks around the world are keeping intrest rates artificially low, actually it's pathetic. As a result there is alot of money being created out of nothing. inflation is here! and as long as central banks behave in this matter, the new free money will be chasing better yields, as a result cryptos