The Tide Has Turned, Bulls Advance Bears Retreat If you are watching the cryptocurrency market you know that something has changed. There is an obvious shift in momentum that has the major coins advancing by high-single digits again today. Whether or not the bulls beat the bears does not matter, the bulls are advancing and […]
Technical Picture Brightens, Signals Abound It was just a week ago I wrote about a possible reversal in the cryptocurrency market. Some big moves in the major coins had them poised to complete some potent continuation signals and those signals paid off. Litecoin, Bitcoin, Ethereum, and even Ripple (XRP whatever you want to call it) […]
Signals That You Can Bank On Signals. Signals are the bread and butter of active traders. The problem for traders is that really good signals don’t come around that often and, when they do, you have to be watching the charts when they happen to maximize their value. Today, while flipping through charts looking for […]
A Broad Rebound In Cryptocurrency Is Underway A broad rebound in the cryptocurrency market is underway. Over the weekend the price of major coins like Bitcoin, Ethereum and Litecoin rose to multi-week highs and fired bullish signals. The move may have been sparked by a rush to safe-haven assets linked to last week’s killing of […]
Commodities Set To Gain In 2020 After 2019’s stellar equity market run traders are wondering what comes next? When it comes to the equities markets the outlook is not great. Equities may continue to rise but the technical don’t support that idea and worse, the odds for a major correction are growing every day. Despite […]
The EUR/USD Pair Is On The Verge Of Breaking Out Contrary to some very bullish signals issued a few weeks ago, the Dollar and Dollar Index appear to be heading lower. While the U.S. economy is expanding and the FOMC has retreated from its rate-cutting stance, conditions within the broader Forex market suggest the move […]
What To Expect From The S&P In 500 With the Santa Claus Rally in full effect the time to think about 2020 is at hand. The S&P 500 is up more than 28.6% for the year and on track to post the best year in over 20. Much of this year’s gains are attributable to […]
Price Forecast Bitcoin: Will A New Bull Market Begin In 2020 The price of Bitcoin has not been holding up well over the past few months. The world’s leading cryptocurrency posted a stellar rally in the first half of the year and done nothing but move lower in the time since. Now, with the New […]
The Ripple Chart Does Not Look Good I was just doing my daily perusal of the crypto market when I stumbled across an interesting headline. It said Ripple had just scored a major investment and the XRP coin was up 5% because of it. I immediately went to the chart and you know what I […]
You Can’t Always Be Right A few week’s ago I wrote about a signal I felt pretty strongly about, so strongly I titled my post Go Long The Dollar Now. Sadly, the signa didn’t pan out quite the way I though it would but that’s the way it goes sometimes. Trades don’t go the way […]