Key Takeaways Bitcoin broke $62,000 on Aug. 8, needing to hold $60,600 as support for potential $65,000 test. Spot Bitcoin ETFs saw $195 million inflow on Aug. 8, with BlackRock’s IBIT leading at $157.6 million. Share this article Bitcoin (BTC) broke $62,000 on Aug. 8 and now needs to hold the $60,600 level as support…
Forex Trading Glossary I-K Importers/ExportersProduce a regular flow of trading volume in the FX market. Impulse Wave(Elliott Wave) Impulse waves are those that define the main direction of the trending move. They are labeled as waves: 1, 3 and 5. They are comprised of five waves of lesser degree. Independent TradersThey speculate…
Weekly charts Aug 3. USDJPY WEEKLY CHART – WEEKLY OUTLOOK It took 18 weeks to go from 145.89 => 161.93 and 4 weeks to almost fully retrace the move. Potential targets are at 145.89 (and 145.00) as long as it trades below 148.50. Beyond that is a void to the 140s. Only back above…
Watch this video on YouTube!youtu.be/FTnO3NQmVm0 NASDAQ a Buying Opportunity?Defensive Sectors LeadInterest Rates Collapse as Investors Seek Safety of Treasury BondsHow to Avoid Losses – Intel ExampleGold Ready For Records as Dollar Pulls Back Stocks Covered In Members Only Video:Market Breadth, Bitcoin, Ethereum, Crude Oil, Natural Gas, EURUSD, USDJPYSPY, DIA, QQQ, IWM, Energy, ARK Innovation, Robotics…
Powerful CCI Indicator Review: Unlocking Trading Opportunities The Commodity Channel Index (CCI) is a versatile technical indicator that has been widely used by traders across various markets, including Forex. It was developed by Donald Lambert and is primarily used to identify market trends and potential reversals. In this article, we will delve into the CCI’s…
Watch this video on YouTube!youtu.be/–p1fASqVLU Selling Confined Mostly to Mega CapsSmall Caps Hit Records Regional Banks Hit 52-Week HighsJunk Debt Closes at Records Trade Example: 3MCopper Enters New DowntrendSilver a Buying Opportunity? Stocks Covered In Members Only Video:Market Breadth, Bitcoin, Ethereum, Crude Oil, Natural GasSPY, DIA, QQQ, IWM, Energy, Airlines, Treasury BondsChina, France, TaiwanSalesforce, Disney, Ford, Google,…
Watch this video on YouTube!youtu.be/Vmzjigykbgo Stocks Keep Hitting RecordsPut/Call Ratio Favors Market Correction Interest Rates Could Drop FurtherDollar RalliesGold Still Looks VulnerableShort Oil Again? Stocks Covered In Members Only Video:SPY, DIA, QQQ, IWM, Copper Miners, Transports, Airlines, Mortgage REITs, Metals & Mining, Treasury Bonds, China, Hong Kong, France, JapanCaterpillar, Chevron, Dow Inc., Ford, FedEx, Home Depot, IBM,…
25 RULES TO BECOMING A DISCIPLINED TRADER How is it that some traders only last a few months while others carve out a career in markets over a lifetime? One word… Discipline. Discipline keeps us alive when a series of bad trades threatens to extinguish our account. Discipline lets us change with the market….
The following is a guest post by Nischal Shetty, co-founder and President at Shardeum. Mt. Gox’s dormancy might not be over, but a series of tokens moving out from its wallets has caught the attention of the market. A total of 137,890 BTC valued at $9.4 billion is presumed to be headed to creditors’ wallets,…
Watch this video on YouTube!youtu.be/3EraToqdre8 S&P500 & NASDAQ Again at RecordsSmall Caps LagPut/Call Ratio Favors Market Correction Fear Increasing. Interest Rates Coming Down as Treasury Bonds RallyDollar Holds Support. Gold Looks Vulnerable Stocks Covered In Members Only Video:Market Breadth, Crude Oil, Natural GasSPY, DIA, QQQ, IWM, Transports, Airlines, Cannabis, Mortgage REITs, Bitcoin Miners, China, China Internet,…