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Archives by Year:
BTC/USD Forex Signal: Path Of Least Resistance Is Downwards
Bearish view Sell the BTC/USD pair and set a take-profit at 50,000. Add a stop-loss at 57,000. Timeline: 1-2 days. Bullish view Buy the BTC/USD pair and set a take-profit at 67,000. Add a stop-loss at 50,450. Bitcoin price continued its freefall during the weekend, joining other risky assets in a strong sell-off amid rising recession […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price Today – Monday, Aug. 5
Elliott Wave Analysis TradingLounge Daily Chart,Bitcoin / U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IVWave Cancel invalid level:Details: the decline in wave IV before increase again in Wave VBitcoin / U.S. dollar(BTCUSD)Trading Strategy: It seems that the fourth wave correction is not complete and the price is […]
The Carry Trade Sweeps The Sahm Rule Aside
Events are happening fast in the financial markets. Suddenly a large convergence of negative catalysts are pressuring financial markets from all corners. The ink is still wet on writing about the sudden burst of interest in the Sahm Rule that signals a likely recession once the unemployment rate reaches “lift-off” velocity. Now, the ink needs […]
FX Daily: Dollar Floor Crumbles As Fed Terminal Rate Re-Priced
Image Source: Unsplash Today’s Asian session has seen another leg of position unwind. Equities are under heavy pressure and the carry trade currencies continue to surge. Instead of the orderly adjustment of rates to some kind of neutral level, it looks like the Fed might be bundled into some sharper adjustment of policy. The Fed’s terminal rate […]
Market Briefing For Monday, August 5
Multiple catalysts for decline were in-the-works well before crosscurrents of the moment, which typically relate to reversing the growth spin; debating a need for expediency by the Federal Reserve dealing with softening economic stories; and of course the reality of ‘crashing’ the over-promoted mega-caps.Individual stocks were crazy; got a mid-day and late stabilization without any […]
Ethereum whale wallets face mass liquidation as ETH prices tumble
Key Takeaways Ethereum’s price plummeted over 30% in a week, leading to massive whale wallet liquidations. Total ETH network liquidations surpassed $100 million in one hour amid market crash. A sharp decline in Ethereum (ETH) prices triggered a wave of liquidations among leveraged ETH whales, according to a recent report from on-chain analyst EmberCN. Several […]
Economic Data Forecasts For The Weeks Of Aug. 5 & 12
Here are my forecasts for upcoming economic data. Forecast Prior Observation Week of August 5 August 5 PMI Services Index 56.0 56.0 ISM Services – July 51.3 48.8 […]
Bitcoin dips to $53K after Bank of Japan’s rate hike, Ether follows drop as global market panic ensues
Key Takeaways Bitcoin and Ether have significantly declined, with Bitcoin at $53K and Ether losing all year-to-date gains. Japan’s rate hike has had a cascading effect on global markets, including significant drops in the Nikkei and Nasdaq. Bitcoin and ether prices plummet amid a broader market selloff, with BTC falling to $53K and ETH erasing […]
Silver’s 50-Year Bear Market
Recent articles trumpeting silver’s outperformance relative to gold and some ridiculous price projections are a bit too much. Missing from most of the extremely positive commentary is a dose of reality. Below are three charts (source) which should provide some needed perspective. The charts show average monthly closing prices (inflation-adjusted) for the periods August 2020 […]
Elliott Wave Analysis For Nasdaq Tech Stocks: Key Patterns And Market Forecast
Stock market Elliott Wave analysis and trading strategies: Elliott Wave Analysis of Nasdaq Tech Stocks As markets have moved lower, we are adjusting our analysis to reflect the next logical and practical step for the S&P 500, Nasdaq, and major tech stocks. We will elevate the degree of Intermediate Wave (4) to Primary Wave (4) and […]
