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Intermarket Relative Strength Analysis Report For The Week Starting 5/26/19

May 27, 2019 Published by

Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.

The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world.  Over half of all foreign currency reserves in the world are in

Bitcoin Technical Analysis: Breakout

May 26, 2019 Published by

Bitcoin finally broke up and out of the wedge it’s been consolidating in over the past 2 weeks.

Zooming out on the monthly chart, we can see the last swing high (approximately $8,480) was created back in July of 2018. Price has now officially taken out the prior swing high (on the monthly) of the bear market. In my opinion, this confirms the bottom is in.

Looking at the weekly chart, we can see the 21 week EMA is about to cross above the 55 week EMA…a very bullish indication. That said, we can also see just how extended price is, well

BITCOIN: That’s a breakage!

May 26, 2019 Published by

I told you a couple of days ago!There was a clear decision point but the sustained volume and the RSI was suggesting a sudden price action which I bet for the upwards sense.But now we are closer to a major correction since the count has varied a little. Here I am aligned more or less with @ew-and-patterns .In my opinion there is a valid count that will bring us to see BITCOIN at 9400 USD nowadays:

Can you see those Roman numbers in blue? That sub-count is on play right now. It will form the last wave (the 5th) of the

World Stock Market Relative Strength Analysis Report For Week Starting 5/26/19

May 26, 2019 Published by

The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks.  Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market.  In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.

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Because we live in a global economy, the global equity markets

Crypto Contest May 26: Celer Network

May 26, 2019 Published by

Celer Network (Binance: CELRUSDT) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Celer Network began a wave one advance on May 9. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 21, and the red wave two (blue sub-waves a-b-c) correction ended on May 25. If this wave count is correct, Celer Network should be heading next towards the May 21 peak in the red wave three.

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

Funnymentals

Celer Network is a layer-2 scaling platform that enables fast, easy and secure off-chain transactions. BlockchainBrad interviewed the

Forex Relative Strength Analysis Report For Week Starting 5/26/19

May 26, 2019 Published by

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar. Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.

The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are

Don’t Sleep On Litecoin’s Halving Event

May 25, 2019 Published by

Bitcoin is up over 100% this year.  Part of the reason is because Bitcoin is halving in May of 2020. Bitcoin Halving is where the number of generated Bitcoin rewards per block is cut in half making the supply and demand of bitcoin a bit more imbalanced.  Meaning the less Bitcoin available, the more demand there is for bitcoin, thus the higher price.  And usually prior to the halving, 12 months in advance, the Bitcoin price tends to move higher in anticipation of the event.

Source

Litecoin is currently trading at a new 2019 high and the highest it has been

Crypto Contest May 25: U Network

May 25, 2019 Published by

U Network (Huobi: UUUBTC) 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, U Network began a wave one advance on February 25. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, U Network should be heading next towards the April 8 peak in the red wave three.

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

Funnymentals

U Network is a decentralized content asset storage, notarization, distribution, publishing and valuation network. Crypto Love reviewed the

My TIMM Trading Pit Commentary – Wk Of 5/20/19

May 25, 2019 Published by

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

The S&P 500 futures bounced off of non-fresh daily demand yesterday, went long pre-market when price pulled back to a 2 min demand zone.

Nasdaq 100 futures back in daily demand, but no longer a fresh zone, so

Foot Locker Just Lost Their Stripes

May 25, 2019 Published by

Foot Locker Inc. fell almost 20%, the most in almost two years after it reported first-quarter sales and profit that missed analysts’ estimates.  For the first quarter, Foot Locker reported earnings of $1.53 per share, missing expectations by 7 cents and revenue of $2.08 billion, which also missed expectations by $30 million.  Regarding full year guidance, Foot Locker now expects high single digit earnings per share growth.

Still, Foot Locker management remains optimistic.“We started the year with great energy, innovative products, and exciting customer events, leading to solid top-line growth in the first quarter with strong performance across our regions, banners,

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