Join the forum discussion on this postThe most puzzling thing about cryptocurrency as of early 2019 may just be that it’s still not widely used. The notion that it would rapidly replace standard currency was always a fantasy, but many expected that it would at least be somewhat widely used by now as an alternative. Instead, it can be somewhat difficult to find opportunities to spend cryptocurrency, if you would like to do so, unless you’re already familiar with the specific companies and markets that accept it.
Because there are still plenty of people who would like to put cryptocurrency
All Eyes This Weekend On…..Soybean Prices – Part 2
I last spoke about Soybeans one month ago,
All Eyes This Weekend On…..Soybean Prices
However, China has canceled all shipment of beans from the U.S. causing the prices in the soybean futures market to drop to the lowest price in a decade. China brought in 6.92 million tonnes of soybeans in October, with 94% of that volume coming from Brazil. The US soybean farmers will have their eyes and ears glued to the TV hoping some type of agreement is reached.
However, if a deal is made and if price breaches the 9210 level, there is nothing stopping price from getting
SPX Teasing the Bulls and the Bears
The S&P 500 is teasing both the bulls and the bears this week. After getting a nice rally into the
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Crypto Contest January 11: Ontology
Ontology (Binance: ONTBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave
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Where Are The QQQs Heading Next??? – Part 2
Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index. QQQs is one of the most traded ETFs in the world and includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization.
Two months ago, I talked about the QQQ. This was probably one of the first times in a post, I ever went down to very small time frame, the 15 min chart to be exact. And all I was seeing was pending sell orders at many different levels.
Where Are The QQQs Heading Next???
I realize the Markets are
BITCOIN: The Moment of the Truth
Again, we are reaching the moment on which BEARS and BULLS fight among themselves, the first to keep dragging the market, the Second to reverse it…
Since Christmas I have been talking about this movement, a 5-3-5 Correction, also called Zig-Zag correction.
The movement has been performed exactly as expected, despite the time it has taken to get completed…
LEG A: 5 waves down, reaching the 81.8 Fibonacci’s LevelLEG B: A-B-C subwaves within a long bearish FlagLEG C: 5 Waves Down, completed or almost completed. BTC has touched the “A” level but, normally, this kind of corrections can go a little bit lower…perhaps
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Bitcoin Technical Analysis: THE BEARS HIT BACK
In my last update, I warned market makers may push price down to liquidate long positions. We had longs stacked and shorts falling off with extremely low volume. This was all a recipe for at least a temporary drop in price. Today we saw that happen as price dropped from $4,050 to as low as $3,750. It’s currently trading around $3,780 on Coinbase.
Looking at the daily chart, we can see price found support right on top of the 50 Day MA. If it decisively breaks below, I think a drop to at least $3,600 will become likely.
While some long positions
BITCOIN – possible staircase down pattern start | been busy with newborn next stage of life
Looks like the from the last post, limited upside was valid. These kind of sudden up then consolidate and sudden down really traps ppl. On 4hr possible start of staircase pattern down. Next good support around 3680 again. On daily chart, looks like a possible horizontal consolidation between 3680 and 4200 maybe until mid/end of jan for spike to test the long term bearish channel top resistance around 4400 but 3680 must hold first.
PS : Been away for the past few days for my newborn, entering new stage of life =)
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI
Why I’m Trying a Short Trade on SPX
Generally I like to see clear entry signals, but sometimes I try to anticipate a move if it is offering me a low risk proposition with a solid reward.
Taking a Shot on a Spinning Top
There are many names for candlesticks and candlestick patterns. Spinning top is one of them and it is what I am seeing on the daily chart of the SPX.
After seeing the SPX gap higher three consecutive days and then create a spinning top yesterday I thought why not get short at the close of trading and put in a stop loss at the day’s high.
Basically, for
Forex Analysis Report 1-10-19…Will The USD/CAD Continue To Rise??? – Part 2
Three weeks ago, I wrote about a trade set-up on the USD/CAD,
Forex Analysis Report 12-22-18…Will The USD/CAD Continue To Rise???
However, because momentum is so strong, I would suggest to wait until price shows you it wants to go lower. Meaning, wait for price to make a lower high and a lower low first and short on a pull back.
The strong correlation between the Canadian/U.S. dollar exchange rate and oil prices is due, in large part, to the amount of the nation’s total foreign exchange earnings that’s garnered through crude oil sales. In 2018, Canada was the fourth largest producer and exporter
