Bitcoin (BTC) Falls 8%,14-Month Lows In Sight Again $BTCUSD The major cryptocurrencies traded lower Monday, unable to capitalize on last week’s rebound off multi-month lows. Bitcoin (BTCUSD, the world’s largest cryptocurrency, has fallen as much as 8% and is nearing last week’s multi-month low around $3,500. On the Kraken cryptocurrency exchange, a Bitcoin was fetching $3,822.50, […]
Bitcoin (BTC) Dives to 420 Day Lows, More to Go $BTCUSD The price of Bitcoin (BTC) fell below it technical support at $4,000 for the 1st time Saturday, 24 November since 27 September of Y 2017. At around 16:20 UTC Saturday, the world’s largest cryptocurrency by market capitalization sank to an average price across exchanges […]
US Stock Rise in Strong Rally, Chipmakers Lead $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, the major US stock market indexes rose more than 1%, driven by strong gainers for chip and transport stocks, as investors took advantage of cheaper prices following the recent pullback. All 11 S&P 500 sectors ended in the Green a day […]
The Top 5 Most Shorted Stocks on the NYSE $F, $GE, $BAC, $SNAP, $RAD History tells us that October can be a volatile frame for the stock market, and this year we are seeing it in spades. Investors and traders worry about the Fed raising interest rates, weakness in global and emerging markets, the effects […]
Bitcoin (BTC) Holding Support at 6,000 $BTCUSD Bitcoin held support above 6,000 in Tuesday’s trading; a Bitcoin BTCUSD, +0.37% was going for 6,232.88, down 1.1% since Monday at 5:00p on the Kraken cryptocurrency exchange. The price of Bitcoin has fallen 14% since the beginning of September. Currently, Bitcoin is trading at 6,287.25, -8.29, or -0.1317%, as of 1:21a BST, the market open. […]
Gold Prices Tap 19-Month Lows $GLD, $DXY, $USDTRY Gold has lost its appeal as a safe-haven during the past few months Commentary: Gold at 1175 reached important support, it will be important to see if the support 1175 holds near term or takes the price to much lower marks medium term. A bounce from 1175 is preferred […]
Bitcoin (BTC) the Pain Extends… $BTCUSD Friday all major digital coins posted losses. Bitcoin BTCUSD, -1.26% the world’s largest digital currency, was last changing hands at 6,385.77, down 1.9% since Thursday at 5:00 on the Kraken cryptocurrency exchange. The outlook for Bitcoin is weal. This chart is grim meaning there a way to go before this over. During […]
Bitcoin (BTC) Tapping at its 3-Week Lows $BTCUSD Bitcoin prices traded firmly lower Monday, after the digital currency at the weekend fell below 7,000. Currrently, Bitcoin is trading at 6,942.9448, -134.85, or -1.91%, as of 4:12a BST, the market is open. Since Friday’s high, the world’s #1 digital currency has lost $10-M in value, according to data […]
Bitcoin Bounced Off of its 2018 Lows $BTCUSD Monday, Bitcoin bounced up from it Y 2018 lows and breaking out of a 2-month downtrend. The world’s #1 cryptocurrency’s price jumped 12% from Friday, its biggest intra-day rise since April. Bitcoin had fallen as low as 5820.79 Friday, and moved higher at the weekend (Bitcoin trades […]
On Market Breadth and NYSE 52Wk Highs and Lows $DIA, $GLD, $SLV Here’s the Bear’s Eye View (BEV) for the Dow Jones (DJIA) going back to January 1982, a period of market history that covers the entire August 1982 to August 2017 market advance. What’s a BEV plot? It displays the market exactly as Mr […]