CMM 0.81% $4.92 capricorn metals ltd

Just on this point.."But wait.Is regulation on the way? -...

  1. 3,612 Posts.
    lightbulb Created with Sketch. 1220
    Just on this point..
    "But wait.

    Is regulation on the way? - 19/11/20
    • SEC announces that Bitcoin will be regulated like a payment method.
    • SEC chairman Jay Clayton announced that Bitcoin should be treated as a payment mechanism or store of value on CNBC.
    • The move should ensure that Bitcoin receives more regulation as it grows in popularity.

    And then........ 2 days later - 22/11/20
    • Jay Clayton to resign as SEC Chairman by the end of the year
    • The commission under his watch was able to bring innovative development to its operation

    Jay Clayton has announced his decision to resign from his position as the Chairman of the US Securities and Exchange Commission (SEC). He made it known that he would be vacating the office by the end of the year.

    Clayton, who still had over 5 months left before his tenure was to end, declared that he was proud of the work he has been able to carry out with the SEC team."

    Im very curious your thoughts on this, do you think he was pushed out by some larger crypto players or already intended to leave and tried to screw bitcoin on the way out ?

    TA CMM -
    Gap left at 1.675 - This will be played at a guess, meaning any weakness in gold on monday they will drop the price down to a few pips above trying to draw out sellers who think they can rebuy lower..... Gold is looking ridiculously strong fundamentally so i personally wouldn't take the gamble of selling and trying to rebuy the gap... RSI and MACD ticking up along with slight increase in volume, i see first resistance at 1.835 but key area is that cerca $2 mark at 1.975 - the 50% fib, will see some solid resistance here i imagine, depends on each persons trading style but im pretty set on long positions at the moment in anything decent in the sector so a little patience is all you need here IMO


    https://hotcopper.com.au/data/attachments/2747/2747425-087bf981aa198fed3779b310441de28a.jpg
    Last edited by kiwijuice: Spacing 19/12/20
 
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$4.92
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Last trade - 16.10pm 26/04/2024 (20 minute delay) ?
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