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Elliott Wave Technical Analysis: Bitcoin Crypto Price News

Elliott Wave Technical Analysis: Bitcoin Crypto Price News

Image Source: UpsplashElliott Wave Analysis TradingLounge Daily Chart,Bitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double ZigzagPosition: Wave ((Y))Direction Next higher Degrees: wave (III)Wave Cancel invalid level: 31046.25Details: The corrective of Wave IV is equal to 38.2% of Wave III at 57663Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:After the black III wave continued to rise for a long […]
China Is The World Leader In Battery Recycling

China Is The World Leader In Battery Recycling

Image Source: UnsplashAs many countries around the world scramble towards a green transition, a new era of electric cars is being ushered in and with it comes the need for batteries.While these batteries – also needed for home, industrial and grid energy storage – are being newly manufactured, Statista’s Anna Fleck reports that the market for the recycling of lithium-ion batteries is growing […]
Nifty Pullback Should Continue To Find Buyers

Nifty Pullback Should Continue To Find Buyers

Image Source: UnsplashShort Term Elliott Wave view in Nifty suggests rally from 1.24.2024 low is in progress as a diagonal. Up from 1.24.2024 low, wave (i) ended at 22297.5 and pullback in wave (ii) ended at 21860.55. The Index then rallied higher in wave (iii) towards 22463.65 and dips in wave (iv) ended at 2224.35. Final leg wave […]
Metals Report For Tuesday, April 2

Metals Report For Tuesday, April 2

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:50More By This Author:Financial Markets Report For Tuesday, April 2 Metals Report For Monday, April 1 SPDR ETF Report For Monday, April 1
Markets Slide Further From Last Week’s Highs; JOLTS Up Slightly

Markets Slide Further From Last Week’s Highs; JOLTS Up Slightly

Image source: PixabayMarkets are down for the second-straight session, following cresting highs that consistently struck new all-time closing highs on the S&P 500 last week. This really means the markets are still in good shape overall — we haven’t plummeted off last week’s highs, only trimmed some of the excess from lofty valuations… so far, that […]
ECB: Final Stop Before The Cut

ECB: Final Stop Before The Cut

Image Source: PexelsIncoming data since the ECB’s March meeting has had something for both the doves and hawks. Signals of a bottoming out of the eurozone economy, with some improvement in lending growth and confidence indicators, should encourage the hawkish team not to rush into rate cuts. At the same time, the slightly faster-than-expected fading away […]
Japanese Yen Flat Lines Against USD, Seems Vulnerable Near Multi-Decade Low

Japanese Yen Flat Lines Against USD, Seems Vulnerable Near Multi-Decade Low

Image Source: Pixabay The Japanese Yen struggles to capitalize on the overnight modest uptick against the USD. The BoJ’s dovish stance undermines the JPY, though intervention fears limit the downside. Reduced bets for a June Fed rate cut should lend support to the Greenback and USD/JPY. The Japanese Yen (JPY) seesaws between tepid gains/minor losses against […]
Commodity: Bitcoin, USD, Gold, Silver, China, Uranium, Oil, Gas, Elliott Wave Strategies

Commodity: Bitcoin, USD, Gold, Silver, China, Uranium, Oil, Gas, Elliott Wave Strategies

Image Source: PexelsCommodity: Bitcoin, USD, Gold, Silver, China, Uranium, Oil, Gas, Elliott Wave Strategies Update on Commodity Market Analysis Using Elliott Wave Theory: Bitcoin’s Elliott Wave pattern, specifically wave (C) of 4, is nearing completion, mirroring the Nasdaq’s pattern. The USD DXY and 10-year yields are on an upward trajectory, whereas TLT Bonds are trending downwards. […]
WTI Attracts Some Buyers To Nearly Five-Month High Of $85.00, Middle East Tensions Rise

WTI Attracts Some Buyers To Nearly Five-Month High Of $85.00, Middle East Tensions Rise

Image Source: Unsplash WTI edges higher to $84.85, a five-month high on Wednesday.  Geopolitical uncertainties in the Middle East and supply fears boosted oil prices.  The weaker US Dollar from the Fed’s dovish comments lift WTI prices.  Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $84.85, the highest since October 2023 on […]
This 2-Leg Pullback Could Make Us A Fortune

This 2-Leg Pullback Could Make Us A Fortune

Image Source: UnsplashWoah, what a move today!Today’s BIG MOVE down tells us exactly how to make money tomorrow, and this 2-sided trade could make us a killing!!I see (3) important clues on the charts tonight, telling us exactly where to find winning trades tomorrow…The only question is… will you be ready? E-Mini S&P (ES): Emini is […]