Cocoa was the best performing commodity in 2023, recording a price increase of 64%1. Cocoa prices have continued to rally in 2024 crossing the threshold of US$5000 Metric Ton (MT) on 2 February 2024. The last time cocoa prices rose to this magnitude was in 1977 when it reached US$5379MT. A similar situation prevailed back then, adverse weather conditions led to...
As BTC is grinding lower and lower there are still two potential scenarios that could happen in the upcoming days. First there is the support area where we are in right now at the time of writing (orange box). I still see it as being quite good of a support area and also a resistance during the summer of last year.
This is why i think that if this orange price...
The road higher is a slow grind now, with quick bursts every so often usually a result of short interest getting rekt at critical times. DCA is your friend...if you're not a genius that knows exactly where price will be ahead of time. If you want to get better at it, brush up on Math and Technical Analysis. I myself have much learning to do, going to be reading a...
Im bias short on ETH currently.
Average volume is currently going down while price is slowing grinding up..
As you can see this trend has been proven to be bearish for the last couple of months.
In long term im very bullish on ETH.. If you are a long term investor ethereum at these levels are still a decent buy.
Short term (next 2 weeks) i expect a move that...
Seen this 61.8 Fib Retrace with trend continuation in the Daily, 4 hr , and Weekly. Looking for price to hit 1.70000 as TP1 and TP2 at the 121.2 Fib Extension.
Bitcoin BTCUSD Thursday Morning
Stopped out of the long for 9 point loss overnight at 8172.
Bitcoin is now trading at 8171 after a high at 8282 on Bitstamp.
It's left quite a big rejection spike off the upper rising parallel
of the continuation pattern it's been hammering out since
yesterday's lows - it's just breaking the first litttle dynamic
here as this...
Bitcoin: BTCUST
Last Update 01:20gmt/20:20est
Bitcoin is continuing to grind higher, still contrained by the
parallel above it.It's double topping in the near term - has to
find buyers enough to push above the high at 11490 on
Coinbase feed but will likely still get rejected by the parallel
above it even it can push higher now - but grinding upwards
towards...
BTGUSD Update
BTG never made it to 188 entry point, which was calculated by it hitting the long term rising support at the
bottom of the chart - unfortunately 1 day earlier than it did - close but no cigar. If you got the eventual low at 190
bang on by watching and waiting that extra day you have been well rewarded for that patience with BTG up 45% in
36 hours...
IOTA IOTUSD
The last two trades this week on Iota longs have both used
the break below the speed line under the day's rally to
exit. It has worked quite well so far...the first from 3315 to
3712 and the second from 3315 again to an exit at 4100.
The next entry point here was on the break of the minor
downtrend at around the 3604 mark but missed it due to...
ETHUSD Update
Grinding lower again after day traders ahve bought the last
spike lower for the rally back to the upper parallel and then
sold off the line like good day traders are prone to do - and so
we see the price action we do here today.
Swing traders are left with the same options: Buy that break
above the upper parallel, it should be a good one when it...
