What a Falling US Dollar Means for BTC
Last week, I told you I have been seeing some signs that should lead lower prices for BTC… The biggest headwind, in my view, is still the strong US dollar. That is one of the
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Last week, I told you I have been seeing some signs that should lead lower prices for BTC… The biggest headwind, in my view, is still the strong US dollar. That is one of the
Today, we’re going to talk about the “Symmetrical Triangle” pattern. Just like a regular channel, the symmetrical triangle is a consolidation pattern. The biggest difference between the two is that while a channel typically has
It’s still too early to say whether the market has bottomed. But if you’re looking for stocks to buy, the energy group looks the best.
The market has been especially volatile since the release of the latest consumer price index (CPI) number last week. The S&P 500 and Nasdaq 100 both hit new 52-week lows last Thursday immediately after the
Regular readers know that I’m not a BTC believer… At least, not yet. First off, BTC is way too easy to lose. I don’t want my money stashed away on some hard drive that could
Today, we’re going to follow up on last week’s “triple bottom” discussion by talking about its bearish counterpart, the “triple top” pattern. Just like the triple bottom, the triple top is a trend reversal pattern.
Northrop Grumman (Short Idea) I have been watching NOC for a long trade for the last several weeks. In fact, I even added it to the Watchlist back in September. But thanks to a vicious
All the major indexes made new lows last week, confirming that sellers are still in control. Another bad inflation report caused stocks to gap down big Thursday morning. And while they actually rallied the rest
A “high tight flag” is an extremely rare, chart pattern. They typically form after an explosive move higher in a stock’s price.
One of the main reasons I am expecting lower lows is that the internals of the major indexes are still very weak.
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