ALTcoins Are Trying To Follow Bitcoin; DeFi Bulls Are Here
We talked about DeFi Index back on August 21, when we actually spotted a completed complex W-X-Y corrective setback that gave us a bullish setup formation of a larger degree.DeFi Index Daily Chart From August 21Since August it’s been mostly accumulating and with a broken channel resistance line connected from the highs, it’s probably forming […]
Daily Market Outlook – Monday, Nov. 11
Image Source: Pexels In contrast to Wall Street’s record highs from Friday and futures suggesting more strength at the reopening, Hong Kong stocks led Asia’s Monday falls as Beijing’s most recent stimulus failed to meet investor expectations. The Hang Seng in Hong Kong fell 2%, while a sub-index of mainland Chinese real estate stocks fell 3.9%. […]
Elliott Wave Technical Analysis: Meta Platforms Inc. – Monday, Nov. 11
META Elliott Wave Analysis Trading LoungeMeta Platforms Inc., (META) Daily ChartMETA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Intermediate wave (5)DIRECTION: Upside in 5 of (5).DETAILS: We have been looking at a post triangle thrust within wave 5. It’s possible we are actually completing wave 1 of (5) instead of 5 of (5). Nevertheless, we are still […]
GBP/CHF Forecast: The British Pound Pulls Back Against Swiss Franc
Technical AnalysisThe technical analysis for the GBP/CHF exchange pair is somewhat sideways as of late, but in the last couple of days we have seen a little bit more in the way of upward pressure. The 1.1375 level above there is a major short-term resistance barrier that if we can break above there, then the market could […]
Bitcoin Starts The Week With New ATH: 3 Factors Why The Rally Can Continue
Image Source: Pexels Bitcoin (BITCOMP) surged to unprecedented heights on Monday, reaching $82,228.41 at the time of writing (5:20 AM EST) and marking a 3.6% increase as bullish momentum continues to drive the world’s largest cryptocurrency to new records.Trading across nearly 12,000 active markets with a 24-hour volume exceeding $78 billion, Bitcoin’s market capitalization has swelled […]
Sensex Today Trades Lower; Nifty Below 24,100; Asian Paints Cracks 8%
Asian markets traded lower on Monday after lower-than-expected China’s October inflation data.Japan’s Nikkei 225 declined 0.1%, while the Topix was flat. South Korea’s Kospi dropped 0.6%, and the Kosdaq fell 0.6%.The US stock market ended higher on Friday, registering its biggest weekly percentage gain in a year, after Donald Trump’s election victory.Here’s a table showing […]
Russell 2000 Index Elliott Wave Technical Analysis – Monday, November 11
RUSSELL 2000 Elliott Wave Analysis Trading Lounge Day ChartRUSSELL 2000 Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction Next Lower Degrees: Gray Wave 4 Details: Gray wave 2 appears complete, with gray wave 3 currently active. Wave Cancelation Invalid Level: 217.61The Russell 2000 Day Chart, analyzed using the Elliott Wave technique, indicates a bullish trend in […]
Elliott Wave Technical Analysis: Binance Crypto Price News – Monday, Nov. 11
Elliott Wave Analysis TradingLoungeBinance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave (3)Direction Next higher Degrees: wave ((3)) of ImpulseWave Cancel invalid level:Details: Wave 3 is likely to be 161.8% of wave 1.Binance/ U.S. dollar(BNBUSD)Trading Strategy:The correction in wave 2 seems to be over so we focus on the five-wave rally of wave […]
Crypto-Crazed
For the first time ever, Bitcoin has pushed above the psychologically significant $80,000 level. You can expect a tidal wave of stories about this over the next twenty-four hours, because the media loves Big Round Numbers. It has pushed up about $14,000 just since Election Day!Here’s a daily chart (as opposed to the minute bar, […]
Global Public Debt Is Destroying The Economy
↵Image Source: Pixabay Global debt is soaring and public debt is a huge burden on economic growth.Video Length: 00:06:32More By This Author:The Inflationists’ Narrative Is Crumbling The End Of Money? Inflationism Is Here To Stay The $100 Trillion Global Debt Bomb And Financial Shock Risk
