Down the Rabbit Hole | Hacked: Hacking Finance


Down the Rabbit Hole

Posted on .

Down the Rabbit Hole


This article was posted on Monday, 11:33, UTC.

In a curious and completely unfair move, the Italian government has decided to issue a massive bailout of €17 Billion to close down two failing banks.

// -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- //

As part of the deal, a bank called Intesa Sanpaolo will be making out like bandits as they have the option to buy any good assets that the two banks currently hold for pennies on the Dollar, while all the bad assets get transferred to a bad bank.

“With these two banks out of the way, it seems the Italian banking crisis is now behind us, at least as far as the bankers are concerned. Now, we only have the mess that is left for the taxpayers to clean up.”

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

-Gabriel Debach
eToro, Italian Analyst

At the end of the day, it’s the Italian taxpayers who will end up footing most of the bill. Politicians claim that they don’t have much of a choice but we all know how that goes. As if the Italian’s self-inflicted political woes aren’t big enough, it seems the human cockroach Silvio Berlusconi is again making political gains in the ravaged country.

We’re still waiting to hear when the Italian general elections will be. Let me tell you when they do happen, it could be even stranger than a tea party with the mad hatter himself.

Mati Greenspan
eToro, Senior Market Analyst


Please note: All data, figures & graphs below are valid as of June 26th. All trading carries risk. Only risk capital you can afford to lose.

Market Overview

This analysis comes to you from popular investor Michael Cogswell, who goes by the handle @InvestPower on the eToro network. Seems he’s found yet another glitch in the market matrix.

Usually, stock indexes and bonds tend to move in the opposite direction but here we can see both rising simultaneously.

This shows us that stock investors aren’t willing to part with their shares while bonds investors are shying away from risk.

It seems that volatility hovering near the all time lowest levels has everybody a bit confused at the moment.

Eventful Day Ahead

The top event is Indian Prime Minister Narendra Modi visiting Donald Trump in the White House. Also on the agenda, Theresa May will give further details on how she sees the rights of EU residents in the UK after Brexit, even though May still has no deal with the DUP.

The cherry on the top today is Mario Draghi, who will open a grand old central banking ceremony in Portugal.

Though the VIX and stock indexes are relatively silent, there’s plenty of movement in the currency markets lately and even more in the cryptocurrencies…

Down the Rabbit Hole

Those investing on the world’s second largest cryptocurrency are already feeling the crunch and many are hitting the panic button.

The issue is, that when an asset rises this fast, it doesn’t really have time to build itself any familiar price patterns or notable levels of support.

Notable network congestion during recent ICOs has caused alternative investors to start questioning the stability of the Ethereum blockchain and no doubt some developers are starting to look at alternative options to implement their decentralized apps and smart contracts.

It’s come a long way from $11 in February to a peak of $425 in June.

At this point, we can only guess where it might turn around. Technical and fundamental analysis won’t be much help here. We need to think about the psychological levels. Could be that we’ll hold $250 and go straight to the moon from here.

However, we should also be prepared for the possibility of a trip down to $200, $150, or even $100. The best way to prepare for these type of moves is to analyze your portfolio and diversify to the best of your ability.

Wishing you a wondrous day ahead.

This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation.

Past performance is not an indication of future results. All trading carries risk. Only risk capital you’re prepared to lose.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.

Feedback or Requests?

Mati Greenspan

Mati Greenspan

Senior Market Analyst at

There are no comments.

View Comments (0) ...
The team:
Dmitriy Lavrov
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years of trading experience. He covers Forex, Commodities and Cryptocurrencies. He is among the top 10 most Read More
Jonas Borchgrevink
Jonas Borchgrevink is the founder of and He is a serial entrepreneur, trader and investor. He shares his own personal journey on // -- Discuss and ask Read More
Mate Csar
Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive Read More
Mati Greenspan
Senior Market Analyst at // -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- // Important: Never invest Read More
Rakesh Upadhyay
Rakesh Upadhyay is a Technical Analyst and Portfolio Consultant for The Summit Group. He has more than a decade of experience as a private trader. His philosophy is to use Read More
Pamela Meropiali
Account Manager
Pamela Meropiali is responsible for users on // -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- // Read More
Joseph Young
Joseph Young is a finance and tech journalist & analyst based in Hong Kong. He has worked with leading media and news agencies in the technology and finance industries, offering Read More
The crypto-market continued its correction towards the end of the…