Category Archive: Cryptocurrency, No picture
Shiba Inu’s layer 3 blockchain set to power up blockchain real-world utility: Cypher Capital Chairman
Despite a shaky 2022 and a challenging 2023, Shiba Inu remains dedicated to its vision of building a comprehensive crypto ecosystem.Following the development of its metaverse and layer 2 chain, Shiba Inu is now ramping up efforts for its new privacy-centric layer 3 blockchain. Last month, the project team announced that it successfully raised $12 […]
This Breakout Pullback Could Earn Huge Profits On Tuesday
Image Source: Pexels Back to work – let’s make some money! Markets have been melting higher ever since last Friday’s Non-Farm Payrolls…Anytime I see a “Big Move” like this, there are (2) two trades I look for the following day – are you ready? E-Mini S&P (ES): Emini is bullish with a big move […]
Markets Up To Start The Week: PLTR, MCHP Meet Earnings
Image Source: UnsplashMarkets start the week in the green. It’s the third-straight up-day for both the S&P 500 and the Nasdaq, fourth straight for the blue-chip Dow. We’re just about back to breakeven over the past month (the Nasdaq has already gotten there), which is notable considering where we were a couple weeks ago. The Dow […]
Elliott Wave Technical Analysis: BTCUSD Crypto Price News
Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat position: Wave ((C)) Direction Next higher Degrees: wave (III) Wave Cancel invalid level: 31046.25 Details: Wave IV may be complete and the Price increase again in Wave V.Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Overall, Bitcoin […]
US Congressman calls SEC Chair Gary Gensler “rogue regulator”
John Rose, US Representative serving Tennessee’s Sixth Congressional District, is strongly critical of the US Securities and Exchange Commission’s (SEC) action against Robinhood. The Congressman called the SEC and its Chair, Gary Gensler “rogue regulators” in a recent post on X.According to him, the federal agency went beyond its intended role of protecting investors and […]
USD/JPY Extends Recovery Above 154.00, Focus On Fedspeak
Image Source: Unsplash USD/JPY gains ground near 154.10 in Tuesday’s early Asian session. The Fed’s Barkin said he has not yet seen evidence that inflation is on track. The risk-on environment weighs on the Japanese Yen (JPY). The USD/JPY pair trades on a stronger note around 154.10 on Tuesday during the early Asian trading hours. The recovery of the pair is supported by the modest […]
Gold Will Go Higher Then Even Higher
Image Source: UnsplashPatrick Vierra from SBTV spoke with CMT, MFTA Jordan Roy-Byrne from The Daily Gold. Jordan goes over the new support levels for gold and how the 50-day moving average plays a role in the recent pullback with precious metals.However, despite the pullback, Jordan lets us know how gold is going to go higher, then […]
Stocks, Rates, And The Dollar Rise On May 6, 2024
Image Source: UnsplashThis is probably going to be a dull week in terms of newsflow. Today, we had Barkin and Williams from the Fed talking, and Barkin was more Hawksih on the rate outlook than Williams, although Williams wasn’t as dovish as he has been in the past. Tomorrow will be Kashkari’s, and he has undoubtedly been […]
The Canadian Cannabis Report- Monday, May, 6
Image source: UnsplashFor the trading week ended May 3, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) increased by 8.6% compared to the prior week when it decreased by 2.1%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Mon, May 6
Image Source: UnsplashBoth the S&P and Nasdaq followed through on the current analysis. The upside swing continued with 5200 in view in the SPX and 18200 in the NDX. I updated the near-term picture and included some Fibonacci levels. I continue to feel the market will not waste time in getting back to new ATHs. My […]
