With the correction in the S&P500 now confirmed (>10%), many are asking, what happens next? Is this the start of the long-awaited bear market? Given that there does not seem to be a significant enough catalyst for this as of yet (although some are pointing to interest rate hikes and so on), I prefer the assertion that the current equity market correction is a...
Prior to hitting the peak of ~20,000, BTC went through a period of consolidation for approximately one month between mid-October 2017 and mid-November 2017, during which the ~5500 level was touched a number of times, and was eventually the approximate level at which the upward movement toward the peak first started. Given this, I expect that this same level will...
Let me first say, that I am a value investor first and foremost, and use technical analysis as a guide for entry or exit points only if these align with fundamentals. However, with the recent price action in the crypto market, I couldn't help but put in my 2c. The current action in XRPUSD reminds me exactly of many of the penny stock plays that I have watched over...