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Bitcoin And Ethereum: Bitcoin Is Holding Above $34000

Bitcoin And Ethereum: Bitcoin Is Holding Above $34000

Bitcoin chart analysisOver the weekend, the price of Bitcoin remained well above the $34,000 level. At the beginning of this week, the price begins to pull back from the $34,750 level to support at the $34,150 level. We are getting new support in that zone, and with a bullish impulse, we are starting to jump […]
Bitcoin Continues To Buoy Market As Momentum Builds

Bitcoin Continues To Buoy Market As Momentum Builds

Bitcoin’s momentum continued over the last seven days, with the asset currently trading at around $34,200, a gain of more than 10% in a week.Bitcoin’s price hasn’t been this strong since May 2022, when it was on its way down from its all time high. The upwards trajectory was based on further excitement ahead of ETF-related […]
Elliott Wave Technical Analysis: Berkshire Hathaway Inc. – Monday, October 30

Elliott Wave Technical Analysis: Berkshire Hathaway Inc. – Monday, October 30

Berkshire Hathaway Inc., Elliott Wave Technical AnalysisBerkshire Hathaway Inc., (BRK-B): 4H Chart 30 October 23BRK.B Stock Market Analysis: Looking for a different count as we have approached invalidation level and it looks like we are going to move through. Looking for a flat wave 2 as we seem to have a three wave move to the upside […]
US Dollar Commentary – Monday, October 30

US Dollar Commentary – Monday, October 30

USD Pauses for NowThe US Dollar starts the week in somewhat muted fashion as traders await fresh directional catalysts. Interesting to note that the CFTC institutional positioning report shows that USD long positions were reduced again last week, marking the third consecutive week of long covering. USD longs hit their highest level in over a […]
Ethereum Found The Support At Projected 1500 Area; Bulls Back?

Ethereum Found The Support At Projected 1500 Area; Bulls Back?

Hello Crypto traders! Crypto market is finally recovering and we have been talking a lot about a corrective movement and strong supports. On August 22 we shared an article about Ethereum with ticker ETHUSD, where we were tracking final wave 5 of (C) of an A-B-C corrective decline with the support at 1500 area.  As […]
Geopolitical Risks Fuel The Rally Of Gold And Oil. Traders Are Waiting For The Bank Of Japan Meeting

Geopolitical Risks Fuel The Rally Of Gold And Oil. Traders Are Waiting For The Bank Of Japan Meeting

Photo by Adam Śmigielski on UnsplashAt Friday’s close, the Dow Jones Index (US30) decreased by 1.12% (-2.21% for the week), while the S&P 500 Index (US500) lost 0.48% (-2.21% for the week). The NASDAQ Technology Index (US100) closed positive by 0.38% on Friday (-2.23% for the week). Technology stocks received support on Friday from strong reports from Amazon (AMZN) and Intel (INTC). Amazon.com (AMZN) closed up […]
Solana, Optimism And Two Other Altcoins To Watch This Week

Solana, Optimism And Two Other Altcoins To Watch This Week

Cryptocurrencies recorded a significant upside last week, with Bitcoin leading the upsurge as it spiked to $35,000. While the lull that followed has BTC poised above $34.4k, a popular crypto investor is earmarking four altcoins for potential moves this week.According to The DeFi Investor, who shared his outlook on X, the next few days could be crucial for Solana […]
Is Currency Forced Into Circulation?

Is Currency Forced Into Circulation?

Anyone interested in money should check out JP Koning’s excellent blog.  In a post discussing the ECB’s decision to stop producing 500-euro banknotes, Koning made this claim:   This highlights an important point that I often mention on this blog. One of the most popular motifs of central banks is that they print cash willy nilly, forcing […]
4 Hour Chart Elliott Wave Technical Analysis: USDJPY – Monday, October 30

4 Hour Chart Elliott Wave Technical Analysis: USDJPY – Monday, October 30

USDJPY Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 30 October 23U.S.Dollar/Japanese Yen (USDJPY) 4 Hour ChartUSDJPY Elliott Wave Technical AnalysisFunction:  TrendMode: impulsiveStructure:subwaves of new trend  Position: new black wave 1Direction Next lower Degrees:black wave 1 started  Details: red wave 5 of diagonal C looking completed at 150.773  . now looking for a new down trend […]
Strong Dollar Could Be Challenged By Asia This Week

Strong Dollar Could Be Challenged By Asia This Week

It is another busy week for FX markets, with important central bank meetings taking place around the world and some top-tier macro data too. On paper, there should not be enough out there to knock the dollar’s dominance this week, but focus on the US quarterly refunding could throw some curveballs. This week, we expect […]