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BITCOIN: Price Action coming

May 25, 2019 (updated May 25, 2019) Published by

Quick post here…

We may see the end of the 4th corrective wave in the coming hours.

BITCOIN is reaching a decision resistance line of a symmetrical triangle. Since the volume is sustained I think we should see a breakage of the resistance line upwards.

Also RSI is showing a slight divergence which supports the trend.

The Target projection is 9600 USD.

Enjoy!


@toofasteddie


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Forex Analysis Report 5-24-19…Possible Trade Set-Up To Short Euro/Jpy

May 24, 2019 Published by

As U.S.-China trade-war rhetoric escalates without any plan for a resumption of negotiations, currency strategists are mapping out foreign-exchange implications.

Bank of America Corp. sees the Japanese yen strengthening as investors flee risky assets, and has recommended an associated euro-yen trade. Goldman Sachs Group Inc. warns that currencies from the euro to South Africa’s rand and Chile’s peso could be in the firing line.

Over at Bank of America, the currency team last week initiated a three-month put spread that takes a short position on the euro-yen currency pair, with the view that investors will be seeking a haven with no quick

Tesla Is Losing Its Rockstar Status

May 24, 2019 Published by

You either love Tesla or you hate Tesla.  Regardless of what camp you are you in, Tesla, like Apple has a huge fan base.  Tesla, like Apple is a cult, with a cult following.  Tesla, like Apple is a Rockstar. 

However, the Smart Money is starting to leave the concert because the music is no longer music to their ears.

Hedge funds like Millennium Management LLC and DE Shaw & Co. trimmed their exposure to Tesla Inc. just before the company’s latest drop during the second quarter wiped out roughly $16 billion in market value.

The pair of funds sold close to 850,000

Unusual Options Activity In SPDR ETF, XLE

May 24, 2019 Published by

Global oil prices are under pressure due to no resolution in sight regarding the US-China trade war, ultimately sapping demand for oil and weaker than expected economic data that came out of Europe on Thursday.  As a result, U.S crude oil prices had their largest drop of the 2019 on Thurs, oil prices are now below $60 and oil price are at a three month low.

The Energy Select Sector SPDR® Fund seeks to provide an effective representation of the energy sector of the S&P 500 Index.  The top holdings include:

Source

The SPDR Energy Select Sector ETF droppped 3.3% toward a 4

Crypto Contest May 24: Bibox Token

May 24, 2019 Published by

Bibox Token (Huobi: BIXUSDT) 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, Bibox Token began a wave one advance on February 3. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 3, and the red wave two (blue sub-waves a-b-c) correction ended on May 10. If this wave count is correct, Bibox Token should be heading next towards the April 3 peak in the red wave three.

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

Funnymentals

Bibox is an AI-enhanced encrypted digital asset exchange. SMC Capital interviewed the co-founder earlier this year.

(Sources: Bibox Token

Forex Price Action Baby, No Technicals or Fundamentals…Trade #16 – Sold NZD/CAD (5/23/19)

May 24, 2019 Published by

10,000 Ft View – 4 Hr Chart

The chart is marked up already because I’m already short this pair:

Forex $1 MM Challenge – Trade #7 (3-25-19) Sold NZD/CAD

Lets zoom in for a closer look at the trade set-up.

An even closer look of the set-up.

What I like about the set-up is price based, meaning buyers and sellers were going to battle, until the sellers won as indicated by strong move away from the level and also took out previous demand to the left (purple circle). What I also like is the move back to the area was strong as well

Nordstrom Takes A Nosedive

May 23, 2019 Published by

Nordstrom, Inc., a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name

Nordstrom shares tanked today to their lowest price since 2010 after reporting first-quarter results that missed on the top and bottom lines.

Nordstrom reported earnings of 23 cents per share on revenue of $3.44 billion. However, Wall Street was expected earnings of

Crypto Contest May 23: Blockparty

May 23, 2019 Published by

Blockparty (Bittrex: BOXXBTC) 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, Blockparty began a wave one advance on January 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 18, and the red wave two (blue sub-waves a-b-c) correction ended on May 13. If this wave count is correct, Blockparty should be heading next towards the March 18 peak in the red wave three.

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

Funnymentals

Blockparty is an event ticketing blockchain platform. You can watch their latest AMA below.

https://youtu.be/h3zbeasTj-A

(Sources: Blockparty and YouTube)

How can I vote? Where

Unusual Options Activity In Urban Outfitters

May 23, 2019 Published by

Inc. operates Urban Outfitters stores, which offer women’s and men’s fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28

and Anthropologie stores that provide women’s casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

Urban Outfitters reported their first quarterly earnings and the sales and profit results beat Wall Street expectations.  However, their net income of $32.6 million for the quarter was down 21% from a year ago.  In addition, many analysts think Urban

Bitcoin Technical Analysis: Bulls Defend $7,500..for Now

May 23, 2019 Published by

The bears went on offense today, slapping price down from $8,000 to known support at $7,500. Bulls were able to successfully defend this support for now as buyers stepped in and pushed price back up to $7,700. Bitcoin currently is trading around $7,660. It’s approaching the apex of a larger wedge. Daily volume remains relatively strong, just above $24 billion. This suggests a larger move is likely to come in the next few days.

In today’s video I discuss where price may be heading next, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you

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