After what has been called a crypto winter, things could be turning for bitcoin and cryptocurrencies. Yes, I understand we had the FTX news, and now some Gemini and Genesis news. But the charts are telling a different story. Before I begin on the charts, I want to highlight something I have always said about… Read More »Bitcoin and crypto reversals in play?
It was just a few weeks ago where I called the reversal in Bitcoin and other cryptos. Here is a video of me explaining the bottoming pattern and the breakouts on bitcoin and ethereum: Since that call, bitcoin has risen close to 20%, while ethereum has risen over 60%! The patterns that I look for… Read More »Major bitcoin and ethereum spill upcoming?
Rejoice Ethereum and cryptocurrency fans. Add in equity bulls too. From a technical analysis perspective, these markets are displaying reversal setups. Ethereum is more advanced, triggering its confirmation over the weekend. First off, why did I say that stock market (equity) traders should also be excited? My regular readers and I have already established that… Read More »Ethereum ready for lift off?
Web 3.0, the metaverse, digital payments, software as a service, high-performance computing and the list goes on and on. Tech stocks can be tricky to invest in as most of these growth companies are not profitable. Markets price in future expectations, and investors love betting on the next big thing. I think we can all… Read More »3 Canadian tech stocks to watch in 2022
How things have changed for crypto’s! The crypto market has went from a high of $3 Trillion in November 2021 to now under $1 Trillion! Bitcoin itself has fallen nearly 70% from its all-time high in November 2021. Some are saying this is crypto’s “Long Term Capital Management” moment. A highly leveraged hedge fund that… Read More »Bitcoin crash! Is $12,000 next?