Unfortunately, politics play a huge role in the projected outlook for Bitcoin and other alts, in which we could see ETH drop to the upward diagonal trend line that originated after the COVID crash. Therefore, throughout the week and on through Oct, the market will be highly sensitive and choppy for alts, unless stimulus talks resume or some bullish news is...
Technical
20sma is being supportive, but it is recommended to keep your stops somewhat below the average.
A close below $190 would be a bearish warning.
The broad market has been taking a downturn over the past week. The Transportation industry has been consolidating, showing relative strength over the rest of the market.
Fundamental
While the white house...
Technicals:
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$16.03 and $16.61 are approximately the short term support and resistance levels, forming a channel where the price is being pulled horizontally. This area also appears to be a price consolidation point around $16.38 following an April 20th high volume day.
Fundamentals:
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Gold is trending up. This momentum is due both...
SPY has been on a run since it tested its 200 weekly moving average back in December, but the rally may soon be over. This rally has been on declining volume (this basically means volume isn't confirming this rally, which indicates a bearish divergence, as the price is rising, but the volume is declining), and the weekly Stochastic appears to be preparing for a...
We won't be getting higher than the yellow line any time soon.
With recent events around China's "real" numbers coming in (who knows what's real anymore?) and the issues around oil production (which are NEVER going away b/c in 15 years we won't even need oil anymore), the market is in a major, structure re-evaluation phase. Why?
1. Global unease in the old model...
