No Catalysts In Sight; Bitcoin Moves Lower With no catatlysts in sight it is very likely Bitcoin will move lower. As Bitcoin goes so too does the Crytpocurrency market. Traders need to be prepared for lower prices and I don’t just mean with your bearish positions. The next move lower is going to test key […]
The U.S. Dollar Index Is Back To Support The U.S. Dollar Index (DXY) has been effecting a textbook double-bottom reversal over the past month. This bottom was driven by 1) a misplaced expectation for aggressive FOMC rate cuts 2) A shifting Fed policy-stance and 3) positive U.S. economic data. This combination of factors cause the […]
Bitcoin Break Out Rejected By Bears, Bulls In Trouble Bitcoin made a solid advance over the weekend in what at first looked like a solid bounce from support. Price action move up and out of the recent, narrowing, trading range and set the world’s leading cryptocurrency up for a rally. Unfortunately, the break out did […]
Double Bottom Is Confirmed, A Retest Of Highs Is At Hand The FOMC have done their work. The committed said it won’t raise or lower rates without a significant change in inflation and that is underpinning dollar strength. The Dollar Index moved higher over the last week and didn’t just confirm the Double Bottom I’ve […]
Cryptocurrency Market Simmers, Waiting For Catalyst With Bitcoin prices wallowing at their new support level traders are waiting for the next catalyst. The most likely culprit will be the halvening next year but that doesn’t mean that aren’t trades to be made before then. Ethereum; Moving Up From A Bottom Ethereum is consolidating above its […]
The US Dollar Forecast Is Bullish The U.S. dollar forecast is bullish. The index has been under pressure in recent weeks but that is over. The FOMCs new policy stance says no more cuts, the latest round of labor data supports that view, and he Dollar Index is showing signs of reversing. The chart is in […]
China? A Market Manipulator? No Way… Bitcoin popped over the weekend after China’s President Xi Jinping gave his endorsement to cryptocurrency. The endorsement, no doubt, is meant to establish China as a cryptocurrency-powerhouse and propel a China-backed coin into the spotlight. Whatever the reason, Bitcoin and the pantheon of cryptocurrencies bot a major boost from […]
Draghi’s Warnings Tank Euro Outgoing ECB Chief Mario Draghi did not produce additional stimulus at his final meeting but he did leave the bank and the EU with a warning. Ongoing weakness in global economies associated with but not limited to impacts from the U.S./China trade war threaten EU stability. If further actions are not […]
There Are Less Than 375,000 Bitcoins Left To Be Mined Before The Halvening Yes, it’s that close. There are less than 375,000 Bitcoin left until the halvening. That’s really not that many. Only enough to last until May 14th, 2020. At that time the supply of new Bitcoins will be cut in half. That is […]
Got Scammed? Sure We Can Help … If there is one thing everyone can agree on about binary options is that the industry was and is full of scams. There are scam brokers, scam managers, scam reviews, scam signals, scam services, and even scam regulators. The good news is that most of these scams have […]