Looking at the Daily TA we can see that after a phenomenal crypto rally BTC & others are starting its cool-off / retest support. Here are a few quick bullet points on my analysis:
BTC is showing decreasing volume.
Touched the long term 50% fib level (8735.40) broken it which is good but shortly after fell below it this is a big resistance.
RSI has broken...
In the Macro perspective Silver doesn't look too good right now. There are more bearish signs than bullish. All of them are listed on the chart, but the biggest red flag would have to be the Monthly death cross (50 MA crossing - 200 MA) and resistance forming on the 200 Exponential Moving average .
I'm not going short or long at the moment just waiting for a...
This is an Update on my previous analysis this time I updated the H&S pattern to the correct drop target, with a few more indicators. And adjusted the drops to match similar time frames to the 08 crash. "The Economy Moves Up like a stair but it Drops like an Elevator"- Phil Town
OVER EXTENDED & PEOPLE ARE SPREADING FOMO
After a +9 year Bull run, the market...
Tech stocks and Cannabis have been seeing massive growth over the past few months. Because of Trumps Tax Cuts and Jobs Act of 2017 tech companies have bigger profit margins, they reinvest their profits in Company Share Buybacks, job growth hasn't increased much. The problem is this has caused a massive BOOM in the market this year, we are seeing exponential...
