Key Level at $100K Broken. RSI Divergence Signals Caution and Deeper Corrections Bitcoin broke levels that were unimaginable just 5 years ago and added more than 150% just this year alone. The first “mind-blowing” event – if we can call it that – occurred in late 2017, when the apex cryptocurrency hit $20K but from […]
EUR/USD Faces Resistance; Downtrend Likely to Continue Inflation remains a lingering issue in the United States, staying just above the Fed’s 2.0% target. Last week’s PPI numbers came out above expectations, showing that producer prices are still increasing, which means that consumers will soon have to pay extra charges. The stubborn inflation raises some questions […]
BTC/USD Price Action Becomes Murky. Mixed Signals and Potential Correction. As Bitcoin is gathering its strength to possibly print a new All-Time High, the crypto world is buzzing with positive… and some negative vibes. Ukraine plans to embrace cryptocurrencies by legalizing them in early 2025, aligning with global trends. At this time, the legislation is […]
Downside Risks Persist as EUR/USD Fails to Break 1.0600 Zone The market is still digesting last week’s Non-Farm Payrolls report, which showed that the U.S. economy added 227K new jobs, in line with the 218K expected figure. This comes a month after an NFP report which showed only 12K new jobs but was skewed by […]
The Bulls May Take a Break – Sideways Movement Ahead? On Thursday 05 December, Bitcoin surpassed the legendary $100,000 mark and reached an All-Time High at $103,650. Depending on the chart source Bitcoin’s price surpassed even $104,000 but it’s normal for different exchanges to post slightly different prices. Besides, $103K or $104K is not the […]
EUR/USD Recovery Faces Resistance. Downtrend Still in Play Wall Street closed November with the biggest monthly gain in a year, supercharged by Donald Trump’s win at the beginning of the month. Optimism and hopes stemming from his proposed tax cuts, higher import fees, and deregulation boosted U.S. stocks throughout the whole month of November. The […]
BTC Pulls Back After Hitting $99,800 ATH. Was This Retracement Enough? On November 28, 2012, Bitcoin went through its first ever halving so we could say that halved Bitcoin is 12 years old (and a day). At that time, block rewards were reduced from 50 Bitcoin to 25 Bitcoin and the apex cryptocurrency went through […]
Greenback Surge Sends EUR/USD to Multi-Year Low Despite Oversold RSI. The dollar is on a run since the U.S. elections and last week it continued to batter the Euro, despite what looked to be a bounce at support. Friday’s PMI releases showed that the Eurozone’s economy is stagnating or even cooling off, while the U.S. […]
Correction Incoming as RSI Shows Overbought on Multiple Timeframes It looks like every day Bitcoin is printing a new high, disregarding any need for retracements, pullbacks, or the overbought RSI. It’s due to a combination of factors, starting with the spot BTC Exchange Traded Funds (ETF) approval in January, followed by the break of the […]
EUR/USD Holds 1.0500 Support as RSI Signals Bounce Since Donald Trump’s win in the U.S. Presidential race, the dollar has been skyrocketing but the last few days have been filled with rate cut noise and speculation. Since Election Day, the US Dollar Index (DXY), which measures the dollar’s strength against a basket of 6 major […]