All eyes have been on Bitcoin BTC and other crypto currencies recently. After reaching a peak near $20000 BTC is now down to $8000. So what’s next? Here is what I wrote about bitcoin last August: A sustained breakout above $4000 that quickly heads for $5000+ would start a parabolic move like in 2013. And… Continue reading The bitcoin crash
Tag: Bitcoin
Stocks and bitcoin
Stocks have basically gone sideways so far this month. Since the November 9 drop the S&P 500 is trying to climb back, but it looks like a tired effort. Meanwhile bullish participation continues to weaken, as reported in my weekly reversal levels outlook. The lunar green period is about to end, so it will be… Continue reading Stocks and bitcoin
So bitcoin hits my long term target
Normally I write about bitcoin once a year, but since my last post in May the cryptos have become a very fast market and now my long term price target of $4246 is being reached. So, I will give a quick update and some new price targets. But first I want to take a look… Continue reading So bitcoin hits my long term target
The bitcoin boom
Stocks keep trading with a positive bias and major indexes are reaching new all time highs. Our LT wave for May suggests some weakness is up next. We will find out soon. Here is the current S&P chart: The S&P exceeded its March 1 high yesterday, but it didn’t manage to stay above the 2400… Continue reading The bitcoin boom
Bitcoin wakes up
The market kept climbing last week and didn’t stop for any of the resistance levels we had expected. It’s also not bothering about the current lunar red period. What’s going on? Maybe we are seeing the first positive red period in almost a year. And that would be an indication that the market is starting… Continue reading Bitcoin wakes up
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