Resistance? Correction? It’s A Good Thing Bitcoin crossed the $12,000 threshold earlier this week in a move that can only be called Ballistic. The world’s leading digital currency gained more than $2,000 in less than 24 hours, moved up to set a new 17 month high, but was not able to hold the gains. Not […]
Central Banks Turn Dovish, Data More Important Than Ever We just had a whirlwind round of central bank meetings, press conferences, and surprise comments. The general consensus among the world’s money-supply chiefs is that easing is on the horizon. The impact of trade tariffs, the U.S./China trade war, and geopolitical instability in the EU, Middle […]
Bitcoin Broke Out, Again; The Rally Is In Full Force I stated just a short two weeks ago that Bitcoin was going to move up to set new highs this month. Well, I was right and I don’t mind tooting my own about now. Bitcoin has broken above $9,000 smartly and move up to set […]
The FOMC Will Alter Their Stance, Doves Are Flying The FOMC is expected to now, more than ever before, cut rates in 2019. The CME’s Fed Watch tool is showing a near 100% chance of not one, but three interest rate cuts by the end of the year. This reason is simple, mounting global tensions, […]
Bitcoin Will Hit $13,000 Very Soon Bitcoin is having a solid rally this year, there is no doubt about that. The combination of technical conditions, growing acceptance globally, and an upcoming halving are supporting the world’s leading cryptocurrency. Over the last few weeks the coin has topped the $8,000 level and entered a consolidation that […]
Litecoin Is Leading The Market Again Litecoin, it’s leading the market again. The world’s first, best off-shoot of the Bitcoin blockchain is making a big move. The coin is up more than 10% in the last 24-hours and more than 445% in the last few months making it the best returning coin in my portfolio. […]
Crypto Market Prepares To Move Again After several weeks of sideways consolidation, price correction, and token rotation the crypto currency market is getting ready to move again. Over the past couple of days all major currencies have bottomed at key support levels and begun to rebound. The rebound is still early, the recent highs have […]
The Dollar Index May Have Peaked The dollar rally has stalled as trade concerns mount. The escalation of rhetoric between the U.S. and China, the threat of tariffs against Mexico, and the uncertainty over the USMCA threaten to disrupt the global trade order. While the U.S. economy remains the strongest worldwide and outlook for growth […]
The Market Is Moving Lower There are a lot of reasons to think a market correction is coming (happening) but the number one is trade. The global trade environment has been disrupted and the disruptor, Trump, isn’t letting up. If anything, he’s intensifying already hardline tactics in an effort to force change. The latest salvo, […]
Bitcoin Breaks Out And Sends A Bullish Sign Bitcoin broke above the $8,000 level giving a firm signal of bullish activity. This is the breakout we’ve all be waiting for, all of Bitcoin bulls that is. The price of BTC has been in consolidation for nearly a month after posting a near-record rally in the […]