There are winners and losers in every fight. There are the direct winners of the fight, the ones who lay knock out punches. Then there are losers, those that land bruising blows on their competitors. But there is another class of winners often forgotten; the winners who while the fight is happening pick up the gold teeth and wallets lost by the pugilists. Lynas...
There are some charts where I dont even bother looking at the arithmetic chart because it ends up looking too noisy. Bitcoin is one of these charts, and so is gold. The difference is that the Bitcoin market is absolutely schizophrenic, whereas the gold market, is slow moving and considered. So when I look at the gold chart I have two trend lines that I use to...
Keep an eye on that 50MA on the monthly. I reckon its going to act as support and a trading range is going to occur between there and 97.60 until it decides where its going.
The Australian elections are finished and so is its economy. With an economy built on exports of iron ore to China, and a semi-self-sustaining housing bubble looking for a pin This is a pretty simple long term trade. Don’t hold Aussie dollars, or get short them. Looking at the technicals though, on the weekly there is a down (purple) that has been guiding this...
After assessing the weekly chart I think we can expect bitcoin to come back inside the Bollinger Bands after the gains of last moths. The current candle for this week still stands outside of the Bollinger Bands so it would be premature to expect a rise this week. Looking at the 4 hourly chart shown we’ve got the Bollinger Bands really beginning to tighten now...
BGS has gone on a big rise lately since its board of directors change. This triple top looks like it will be a return to the mean until we get some more concrete news. This could be a good opportunity to sell... or perhaps top up ;)
Flag. Looks like it could jump up for a run. But this is a longer term chart so its got a heck of a head wind. But crypto is in the mind of every Joe six pack that missed out and the buy the dip mentality is alive and well. If BTC and LTC stay weak for long enough im betting on a pop. 450USD plus, but I'm worried that this pattern has gotten a bit old so it may...