US stocks have been trading with greater volatility over recent weeks which has sparked some speculation that a major correction is unfolding. Whilst I am the first to agree that trends don’t continue in straight line ad infinitum, I’m not seeing any clues that a correction is underway just yet. In this post I check […]
Those of you who have followed my reviews for some time will know that the key support level I’ve had in mind for Bitcoin is near the whole-number $8,000 level. This is because this is near the long term chart’s retracement level of 61.8%; a key Fibonacci level or rather, a level where the herd […]
Bitcoin is still struggling near the long-term weekly chart 61.8% Fibonacci level but momentum continues to decline. I’m still on the lookout for the next momentum-based move here.
A previous instance of Trade Tariffs was parodied in the movie Ferris Bueller’s Day Off and some might recall the example from the…’anyone, anyone‘ scene. However, the parallel to the current tariff situation cannot be ignored and was the topic of my morning walk podcast which I highly encourage you listen to.
Gold: Gold has been the major beneficiary of the recent trade war situation and the precious metal has traded higher printing a large, essentially, bullish engulfing candle for the week. Any continued trade war tension would help to underpin this move in Gold which could then flow through to Gold stocks, especially if Gold breaks up […]