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Bitcoin Breaks Out…Eyeing $10,000!

June 21, 2019 Published by

Yesterday I discussed a likely breakout to $9,700-$9,800. Today bitcoin has exceeded those targets, climbing as high as $9,930. Daily volume has spiked from about $15 billion to over $20 billion.

In today’s video I discuss where price may be heading next, key areas to watch, traps to avoid 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/workin/) 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

US Interest Rates Analysis Report 6/21/19 – 10 Yr Bond Rates Below 2%

June 21, 2019 Published by

Treasuries led a global bond rally, with 10-year yields dropping below 2% for the first time since November 2016 as expectations grow that major central banks will ease policy.The U.S. 10-year yield slid as much as five basis points to 1.9719% after the Federal Reserve signaled it was ready to cut interest rates.The Fed on Wednesday scrapped its use of “patient” in describing its approach to policy, offering support for bond bulls who argue that the U.S.-China trade war will sap growth momentum.“You’ve got a Fed that’s now changed its language and we’re on a path where there’s going to

Crypto Contest June 21: Telcoin

June 21, 2019 Published by

Telcoin (HitBTC: TELETH) 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, Telcoin began a wave one advance on February 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 30, and the red wave two (blue sub-waves a-b-c) correction ended on June 17. If this wave count is correct, Telcoin should be heading next towards the March 30 peak in the red wave three.

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

Funnymentals

Telcoin connects existing mobile money platforms to the decentralized financial system of the future, beginning with a globally marketed remittance service

Forex $1 MM Challenge – Trade #15 (6-20-19) Sold AUD/USD

June 21, 2019 Published by

BlackRock Inc. is shorting the Australian dollar on a bet the central bank will cut interest rates to as low as 0.5% to revive the struggling economy.The Aussie will extend recent declines and probably fall as low as 65 U.S. cents next year, said Craig Vardy, head of fixed income for Australia in Sydney at BlackRock, which oversees $6.52 trillion. The Reserve Bank of Australia will keep easing as the economy cools and U.S.-China tensions weigh on global growth, he said.BlackRock isn’t alone in expecting the RBA to keep easing. Franklin Templeton Investments and JPMorgan Chase & Co. say Aussie

It’s Too Late For Simon Property

June 20, 2019 Published by

Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Their properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.Which is why it seems odd that real estate investment trust (REIT) Simon Property would even consider dipping a toe into the online retail space. Not only is running a retail operation a little outside its normal scope of business, but the mall operator is so far behind the internet leaders

Currency Analysis Report 6-20-19…Targeting $0.65 For The Aussie Dollar

June 20, 2019 Published by

BlackRock Inc. is shorting the Australian dollar on a bet the central bank will cut interest rates to as low as 0.5% to revive the struggling economy.The Aussie will extend recent declines and probably fall as low as 65 U.S. cents next year, said Craig Vardy, head of fixed income for Australia in Sydney at BlackRock, which oversees $6.52 trillion. The Reserve Bank of Australia will keep easing as the economy cools and U.S.-China tensions weigh on global growth, he said.BlackRock isn’t alone in expecting the RBA to keep easing. Franklin Templeton Investments and JPMorgan Chase & Co. say Aussie

Is Bitcoin Preparing for a Breakout?

June 20, 2019 Published by

Bitcoin seems to have confirmed a bullish ascending triangle pattern. That does suggest a break up, targeting approximately $9,750. This doesn’t mean it’s definitely going to break up. We know bitcoin has a history of painting bullish or bearish patterns, only to lure in guppies and take price in the opposite direction. Regardless, probability is in favor of a bullish break up to at least $9,600-$9,700. Volume remains lackluster as traders wait for confirmation of a larger move. I think that larger move will likely come in the next 48 hours.

Zooming out to a more macro level, we can see

Precious Metal Run

June 20, 2019 Published by

Gold has FINALLY broken out of its converging triangle by a significant margin. The breakout isn’t confirmed yet, but if Gold can close above $1360 today, then I think it will be a very strong indication that the breakout is real.

The converging triangle has been a prison for Gold for the last 5 years.

The general trend for Gold is a permanently bullish price increase. This is due to constant demand and the natural scarcity of the metal. A logarithmic plot shows how Gold broke away from a 12-year price trend in 2012, and has been lying dormant ever since. I

Crypto Contest June 20: Centrality

June 20, 2019 Published by

Centrality (HitBTC: CENNZBTC) 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, Centrality began a wave one advance on March 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 15, and the red wave two (blue sub-waves a-b-c) correction ended on June 10. If this wave count is correct, Centrality should be heading next towards the April 15 peak in the red wave three.

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

Funnymentals

Centrality is a blockchain platform and venture studio business based in Auckland New Zealand, with offices in 4 countries around the

The Exchange Traded Fund, FDN, A Great Proxy For The Equity Markets

June 20, 2019 Published by

Roughly one-quarter of the S&P 500’s (^GSPC) 15% gain so far this year comes from five high-profile stocks: Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) and Facebook (FB).“S&P 500 returns over the next 3-5 years are inextricably linked to the performance of the Tech sector and especially those 5 names,” wrote Nick Colas, co-founder of DataTrek Research in a note to clients on Tuesday.While the aforementioned five stocks are powerful for the broader market, one in particular has been taking on extra importance in recent weeks: Microsoft.  The stock has hit multiple record highs recently and has a market

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