FX.co ★ Evening review of EUR/USD on February 15, 2021

EUR/USD, H4 chart

Two sentiments about cryptocurrency:

I see the headlines "Traders lost $2 billion due to the fall of cryptocurrencies". Well, strange people, honestly. You buy an asset with zero intrinsic value. In the full sense, you are buying air. You buy bitcoin for $40,000-50,000, which cost $11,000 a year ago, and $3,000 two years ago. And at the same time not be ready for a collapse in prices? Bitcoin, is holding up perfectly at $47,900 - but who told you that it cannot fall, for example, 2 times per day? Yes, easily.

Did Elon Musk really buy bitcoins for some huge billions of dollars? He probably bought them not for $40,000, but $11,000 a year ago - and Musk is not even threatened with a drop to $20,000.

EUR/USD

You may keep buying from 1.2060 - stop with a downward reversal at 1.2080.

So far, the growth is maintained.