Sterling's been pounded too hard. This rally has gone a little too far. It's time for a reversal. There is a good chance of a second referendum on Brexit as it seems to be the only way out of this deadlock. Regardless of the course of action, I think this impasse is about to come to an end and we're going to move forwards towards a solution from here.
Gold is ready to begin its climb as tensions with China and Iran take a serious turn. The recent Huawei crackdown has already weighed heavily on the tech sector and as the trade war escalates further, we are going to see the stock market take a hit. Renowned billionaire hedge fund manager, Ray Dalio of Bridgewater Associates said after the Huawei step, "It should...
Ethereum is primed for its deadliest fall in months as all key indicators point to extremely bearish outlook. The weekly chart for ETH/USD shows a strong bearish divergence on the RSI that confirms. The trend line resistance shown on the RSI has been rejected and the RSI is expected to fall further in the days and weeks ahead. Similarly, the price has faced a...
Let's forget about being bullish or bearish for a while. Let us look at this chart and see what if Bitcoin has bottomed and what if Bitcoin has not bottomed. Both the bulls and bears agree on some sort of pullback short term regardless of whether they think the bear market is over or not. If Bitcoin Has Bottomed (2015): If we assume that Bitcoin has bottomed,...
Forget about the bottom, Bitcoin has not even capitulated yet. Damn, I just love people and markets! How everything falls into place on its own. It's magical, unreal even how people fall for the same things over and over again. When I started trading seven years back, I was like no way this going to happen for long. I said to myself, "people are going to learn...
Both the bulls and bears were taken by surprise as the price kept on shooting the past few days. This is not a tug of war between the two sides because the "two sides" were not even aware they were fighting. Someone else put them to a fight without them even knowing. Make no mistake folks, there is a method to this madness. The casino cannot afford to be cleaned...
“Sell in May and Go Away” is a popular adage on Wall Street and a long used investment strategy. Historically the S&P 500 has performed better between November and April compared to other months. A lot of investors who manage their own stock portfolios and do not have any specialized investing expertise rely on such seasonality patterns to buy and sell. Everyone...
Bitcoin is all set to test its previous market structure that it broke in November, 2018. This zone is one of the strongest resistance zones and the price is extremely unlikely to breach it. If the price runs into this resistance zone under current conditions, the probability of it facing a strong rejection is close to 1. The number of margined shorts for BTC/USD...
Bitcoin appears to be due for a short term correction to the upside after a massive pullback in the last 48 hours. However, the big picture continues to remain intact and the price will eventually have to fall back towards $4,000 and lower in the weeks and months ahead. The 4H chart for BTC/USD shows that the Stochastic RSI is now oversold enough for the price to...
And that is exactly why it is going to happen.
The price is going down. It is an absolute certainty. Every single indicator is pointing to that, but do not underestimate the bullish sentiment. Plenty of corn lovers here who could create some mess short term. Be very careful with your stop losses.
Forget about all the fancy charts! Keep it simple. This is what it all comes down to and they don't want you to see that. They want to keep you busy drawing fancy trend lines and projections now that they have announced to you that the bear market is over. Do you see the replies on Crypto Twitter every time someone talks about a fall to $1,800? People are still...
I'm not the kind of person that gets in the way of a good rally or a good fall. I'm more of a "Never slap a man while he's chewing tobacco" kind of person. However, this is obscene and I would feel guilty if I don't speak about it. So a guy spreads a 20,000 BTC order on some exchanges and triggers a buy frenzy. Nobody cares about the reasons, everybody jumps in...
The manipulation in this market, I can't believe it. All the dirty tricks they use to fool the average Joe. You think a whale is stupid enough to buy in this manner on an exchange just to wait to be dumped on? This rise of more than 20% in less than 5 minutes? Oh, maybe all the people waiting to buy just made their minds in a few minutes to go in on Bitcoin. No...
Time to go down, big guy. That's enough excitement for one week. Oh hey, did you check EUR/USD? Did that have something to do with this pump? I'm just sayin' guys. ;)