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 […]
Litecoin, still leading the market higher Litecoin led the cryptocurrency market rebound earlier this year and it looks like it is going to lead the second leg of the rally too. The price of LTC versus the dollar has spiked more than 12% in the last 24 hours and confirmed a key support. Support is […]
The FOMC Minutes Not Expected To Move Markets The FOMC Minutes are at hand once again and may move the market. I mean, they sometimes move the market but this week probably won’t be one of them. The FOMC has indicated they are patiently waiting for data to lead them in their policy choices. The […]
Bitcoin Moves Lower, Buyers Snatch Up Discount Coins After posting a triple digit rally the inevitable happened. Bitcoin reached up, touched a key resistance level and unleashed a round of selling. The selling is a combination of profit-taking and lingering HODL’rs from 2017 and 2018 trying to get out while they can. The bad news […]
The U.S. Dollar Is Falling After Trade Talks Fall Apart The U.S. Dollar is moving lower. This is just week’s after it broke out of its trading range in what looked like a major move to the upside. The problem is trade, or the lack of consensus on trade talks, and the reescalation of the […]
Bitcoin Panic Buying, It’s Here Bitcoin prices smashed through the $6,000 resistance level over the last week and have surged to new highs. The move is taking the token ballistic and driven in large part by panic buying. Panic buying, the fear prices will keep moving higher and you will miss out. It’s a real […]
Trade Talks Stall, Tariffs To Rise The U.S./China Trade Talks have stalled. President Trump, in an effort to spur progress, has announced the current 10% tariffs will be increased to 25% on Friday. In addition, he is targeting another $350 billion in Chinese goods and may levy those duties as early as this week. The […]
Litecoin Advanced Nearly 20% In Four Days Litecoin was one of the top performers during the first-quarter cryptocurrency rebound. The coin advanced 400% from its low, set in December 2018, to its high, set just last month. Since then Litecoin has been in a major price correction and consolidation and that is now officially over. […]
Consolidation Continues, Profits Are Taken The cryptocurrency market continues to consolidation following the 5-month highs hit two week’s ago. The market is undergoing an understandable round of profit-taking driven by this years big gains. While Bitcoin is still down more than 60% from its all-time high it and other digital coins and tokens have posted […]
The Dollar Is Breaking Out And Moving Up The U.S. Dollar Index broke out of its long-term trading range this week. The move is driven by positive data and a growing belief the U.S. economy is still leading the global advance. Friday’s read on GDP underscores this belief, up 3.2% at the headline, and well […]