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Outlook in Bitcoin after Halving
Read MoreRetail investors may return to Bitcoin again after the digital currency completed the one-in-four year adjustment called halving. Halving provides less rewards to miners who run high-powered computers to solve complex mathematical puzzles in order to generate new bitcoins. After this Monday, the current reward for unlocking a “block” has halved from 12.5 new coins […]
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Elliott Wave View: Dow Futures (YM_F) Resumes Correction Lower
Read MoreDow Futures (YM_F) continues lower to correct cycle from 3.23.2020 low. This article & video look at the Elliott Wave path.
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Elliott Wave View: DAX Ended Correction and Turns Lower
Read MoreShort Term Elliott Wave view in DAX suggests the rally from 3.16.2020 low ended at 11242.77 as an impulse structure. Up from 3.16.2020 low, wave (1) ended at 9145.93 and pullback in wave (2) ended at 8257.53. Index then resumed higher and ended wave (3) at 10820.17 and wave (4) pullback ended at 10257.27. The […]
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Elliott Wave View: USDJPY Has Scope for Further Downside
Read MoreUSDJPY has incomplete sequence from 3.26.2020 high and has scope for further downside. This article and video looks at the Elliott Wave path.
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Elliott Wave View: Bitcoin Ending Diagonal in Progress
Read MoreBitcoin is finishing wave 5 as an Ending Diagonal. Short term, cycle is mature and pullback can happen soon. This video looks at the Elliott Wave path.
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Barrick Gold Corporation (NYSE: GOLD): Strong Impulse Rally In Progress
Read MoreBarrick Gold Corporation (NYSE: GOLD) is the second-largest gold mining company in the world. Year-to-Date, the stock is up around 45%. The combination of low Oil’s price (major cost component for miners) and high price in gold creates a favorable environment for the company. On Wednesday, the company will report its first-quarter results. The consensus for the […]