Fake news sent Bitcoin up about 10% on Monday, surging from $27,900 to over $30,000 after Crypto news site Cointelegraph posted on X that the Securities and Exchange Commission had approved BlackRock’s spot bitcoin ETF application. In response to the rumor, BlackRock had to clarify that no decision had been made regarding their ETF application. Even though the...
NASDAQ:TSLA reports on Wednesday of this week, October 18th. Last quarter, it had a gap down on its earnings news based on Year over Year comparisons which triggered High Frequency Trading (HFTs) to gap the stock down. Quarter over Quarter, however, NASDAQ:TSLA has shown consistent growth this year. The problem with determining if the HFT gaps are likely to...
Not too long ago, watching interest rates was as boring as looking at wet paint dry. Not anymore. Interest rates and currencies are as interesting as they get. The US dollar has been clocking moves more akin to an EM currency. The greenback has been on a rollercoaster ride over the past three months in line with market expectations of Fed’s interest rate policy...
10/15/2023, 03:30PM EST Livestream. Stocks, Crypto, Indexes, Commodities, Forex, TA Charts, Requests. Technical Analysis & Educational Charts livestream. All content is Not financial advice.
We look at the scheduled economic data and US earnings this week and question if given the fluid news flow from the Middle East, these events move the dial or if geopolitics consumes the full attention and direct sentiment. We saw a rush to hedge portfolios on Friday ahead of a darkening picture emerging in the Middle East. The situation is dynamic and it's too...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
Is Bitcoin the answer to the inflation of the US Dollar? CPI came out this week unchanged and is still higher than the Fed would like it to be.
We continue with our Masterclass series, which we created to teach people how to get started with charting, research, and analysis. In this lesson, you’ll learn all about the Drawing Panel located on the left side of your chart. Let’s get started! Drawing tools 🎨 There are eight categories in the drawing tool section: Cursors, Trend line tools, Fibonacci tools,...
In this video we talk about the bitcoin Production cost lines and hash rate to potentially determine the ULTIMATE supports and resistances. Areas in which I'll be looking to find longs and shorts after structure breaks.
You have two choices each day you open your trading platform. To trade or not to trade. There are circumstances that will rise where you won’t trade for that day. Then there are times where you should NOT trade at all. And then there are situations where you need to avoid trading. You know when to trade. Now here are a couple of 11 reasons to take a step back...
Key Takeaways: - Poor quarter over quarter price performance at -11.5%, but BTC it still outperforming most asset classes including gold, treasuries, commodities, cash, and REITs year to date - US bid that drove Bitcoin up in H1 has fully diminished at the time of writing - Volume, liquidity, volatility, and search trends all continue to decline - Grayscale’s...
Welcome to the final instalment of our 7-part Power Patterns series where we aim to give you the skills to trade powerful price patterns which occur on any timeframe in every market. Last but by no means least is the Gap & Go pattern. Price gaps epitomise power and the Gap & Go is must for any active trading looking to take advantage in a spike in volatility....
Among my favorite charts this time of year is that of RBOB gasoline futures. Often as Halloween approaches, wholesale gasoline costs start coming down significantly from highs in the summer. Call it a nice treat for commuters and families around the country. As it stands, the prompt-month of RBOB is now under $2.20 - that's a fresh 10-month low should we close...
Tesla NASDAQ:TSLA vs Lithium Prices Tesla was faced with crushing increases in the price of lithium which created a feedback-loop spiral to the downside for investor and speculator expectations. There were many other factors going on at the same time for Tesla's big slide from $400+ down to $100+ per share, but this picture paints a picture and story which is...
It has been a big week of central bank policy announcements. While central banks in the US, UK, Switzerland, and Japan left key policy rates unchanged, the trajectory ahead remains vastly different. These central bank announcements were accompanied by a significant upward breakout in bond yields. Interestingly most of the increase in yields has been driven by...
What is it Renko? Renko charts were invented in Japan, just like regular candlesticks, many years ago and they are called Renga, which means "brick". They display charts symmetrically and are effective for identifying major trends and structural support and resistance levels. Renko charts are very well suited for trend trading as they are visually appealing,...
Credit for this perspective goes to u/RS3175. They shared their log Elliot waves with me and I found it so interesting I had to chart it up for myself. They've done better labelling of the wave than I have. I'll post their pic at the bottom of the page. Firstly, what are we looking at? A logarithmic chart covering all of the SPX trading history with the entire...
NYMEX: WTI Crude Oil ( NYMEX:CL1! ), COMEX: Micro Gold Futures ( COMEX_MINI:MGC1! ) Over the weekend, military conflict in Gaza between Israel and Palestine shocked the world. I condemn violence against civilians and pray for the victims and their families. In the following paragraphs, I will discuss how the prices of strategically important commodities, namely...