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Tag: trading

Bitcoin Drops! Bear Trap? Start of a Larger Correction?

June 30, 2019 Published by

In yesterday’s update, I told you bitcoin looked ready to make a larger move. Since that time, we’ve seen it drop over $1,000. Price found some support at the ascending support line we’ve discussed.

Screen Shot 2019-06-30 at 10.15.21 AM.png

Zooming out on the weekly chart, we can see we’re still trading above the upper Bollinger band. I’d like to see this week’s candle close above $11,500 later today. That would denote a major break above the prior resistance set back in January/February of 2018, which would likely signal continuation to the upside. As of now price has dropped below $11,500, trading at $11,100 on Coinbase.

Screen Shot 2019-06-30 at 10.17.21 AM.png

In today’s video I discuss, where price may go from here, traps to avoid, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

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YouTube: https://www.youtube.com/c/workin2005
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Feature Image By: Saul Gravy

Is Bitcoin About to Breakout?

June 30, 2019 Published by

Bitcoin continues to consolidate within a tighter range. It looks like price may make a larger move over the next 24 hours. Daily volume remains healthy, but has dropped over the last 2 days.

Screen Shot 2019-06-29 at 6.49.40 PM.png

In today’s video we’ll discuss where bitcoin’s next move may be, key areas to watch and so much more. I’ll also answer your direct questions after my analysis, which ends at the 14:40 mark in the video. If you’re not interested in hearing me address various comments and questions, you can stop the video there. I hope you find this helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

If you found this post informative, please:

upvote.gif

Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
https://brave.com/wor485

YouTube: https://www.youtube.com/c/workin2005
Twitter: https://twitter.com/workin2005
Facebook: https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy

Pier 1 Import Going To Zero???

June 28, 2019 Published by

Pier 1 Imports, Inc. engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts.Pier 1 Imports Inc. shares tumbled as much as 24% after reporting a seventh straight quarter of declining sales as its interim chief tries to make its turnaround plan work.Same-store sales, an important measure for retailers, fell 13.5% in the first quarter. Results were dragged down by “aggressive clearance actions to move through lower-priced, lower-margin

Bitcoin Corrects 25%…Where Does it Go From Here?

June 28, 2019 Published by

In my last update, I told you if bitcoin broke above $11,500, we would likely see it test at least $13,500 (0.618 fib level). Price spiked as high as $13,850 before finding major resistance. It’s now put in a 25% correction, dropping as low as $10,400 before finding support. It’s currently trading around $11,850 on Coinbase.

We’re seeing a major influx of volume. A daily volume high of just over $45 billion was set 2 days ago. Today’s volume is an impressive $40 billion.

In today’s video I answer many of your direct questions. We’ll also discuss where bitcoin may be heading

Currency Analysis Report 6/28/19 – The Mexican Peso…Stuck In The Mud

June 28, 2019 Published by

Mexico’s central bank was divided in its decision to keep the key interest rate at a decade high Thursday, with one board member voting for a quarter-point cut as the economy sputters.There’s a consensus building that the U.S. will join central banks from Chile to Australia and cut rates next month amid prospects of slower global growth, and while analysts have been expecting no change from Mexico through year-end, the board may be preparing the way for an eventual reduction, said Alberto Ramos, the chief Latin America economist at Goldman Sachs Group Inc.“We still believe interest rate cuts this year

Look For Utilities and REITs To Continue To Outperform

June 27, 2019 Published by

The real estate investment trust and utilities sectors were the biggest losers of the S&P 500’s 11 key sectors, and their weakness was unanimous, as a big jump in Treasury yields helped lure investors away from the high-yielding sector. The SPDR Real Estate Select Sector ETF XLRE, -1.94% slumped 2.1% with all 32 of its equity components losing ground and SPDR Utilities Select Sector ETF XLE, +1.54% shed 2.0% with all 28 components declining. REITs are utilities are often seen as bond proxies, given their high yields, while the S&P 500 SPX, -0.12% eased 0.1%. The REIT ETF’s dividend yield

Gasoline Analysis Report 6/27/19 – Will Prices Continue To Rise???

June 27, 2019 Published by

Last Friday, a blast and fire occurred at the Philadelphia refinery owned by Philadelphia Energy Solutions.  I live outside Philly and although I couldn’t hear the blast, people and residents within a 30 mile radius heard it.

The refinery was the largest and oldest on the East Coast and produced about a quarter of the Northeast’s refining capacity or 335,000 barrel /day.

Source

Yesterday, the company announced that due to the damages suffered, it was closing the facility…which would affect about thousands employees and contractors, fueling gasoline’s prices higher.

However, the biggest impact for gasoline’s comeback has been the increase in oil which has

Crypto Contest June 27: Maker

June 27, 2019 Published by

Maker (Bitfinex: MKRUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Maker began a wave one advance on December 7, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 2 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 26. If this wave count is correct, Maker should be heading next towards the April 2 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Maker is a Decentralized Autonomous Organization (DAO) that manages the Dai Credit System on the Ethereum blockchain. For

Gold Bulls…Have A Look At The Junior Gold Mining ETF, GDXJ

June 27, 2019 Published by

If we are indeed entering a major bull market for the metal then savvy investors should consider buying smaller cap gold mining stocks rather than either the metal itself or the larger miners.The easiest way to do that via the VanEck Vectors Junior Gold Miners exchange-traded fund (GDXJ – Get Report), which tracks a basket of smaller, so-called junior gold mining firms.In general, the mining stocks do better than gold when the price of the metal rallies.But the smaller mining firms should outperform the larger ones, as long as the bullion price remains in an uptrend, says Don Coxe, chairman

Forex Price Action Baby, No Technicals or Fundamentals…Trade #21 – Sold AUD/CHF (6/26/19)

June 26, 2019 Published by

10,000 Ft View – 4 Hr Chart

Lets zoom in for the trade set-up. The sellers took out the pivot low, then price was range bound for a couple of days before return to the 4 hr supply.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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