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MAJOR ALERT: One Of The Greats In The Business Just Issued This Dire Warning About Bitcoin

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Posted by KingWorldNews

on Friday, 08 December 2017 06:49

KWN-Boockvar-I-1282017

But the chart above from Boockvar was sooooo hours ago as Bitcoin has now broken above $17,000.

Here is an extraordinary warning regarding Bitcoin that was issued by Jason Goepfert at SentimenTrader:  Anecdotal evidence of a blow-off in Bitcoin has exploded over the last couple of days. That’s hard to incorporate, so using data related to price action and public interest, we see that a sentiment model has reached blow-off territory. The few other times we’ve seen an extreme like this, further gains were erased in the week(s) ahead, especially once there was an initial sign that late buyers were getting scared…

....continue reading HERE

....also from King World News:

On the heels of some chaotic overseas trading, it appears  that things may be about to go horribly wrong.



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Currency

Bitcoin achieved what The Gold Market Never Could & Never Will?

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Posted by Sol Palha's Tactical Investor

on Monday, 04 December 2017 06:17

here is no absurdity so palpable but that it may be firmly planted in the human head if you only begin to inculcate it before the age of five, by constantly repeating it with an air of great solemnity. Arthur Schopenhauer

 

Gold bottomed in 2002, and it took nine years for its trade to a high of roughly $1900 (September 2011). Contrast that to Bitcoin, in less than 1/3rd of the amount of time it is showing gains of more than 11,000%. It took nine years for Gold to show gains of roughly 700% and Gold has given up a substantial portion of those gains.

bitcoin price Dec 2017

We bailed out of Gold in 2011 for two reasons:



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Currency

US Dollar Setting Up Another Rally

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Posted by Avi Gilburt - ElliottwaveTrader.net

on Friday, 01 December 2017 07:01

Screen Shot 2017-12-01 at 7.11.56 AM

I am actually quite surprised with reading many of the public articles and blogs focusing on the US Dollar of late. It seems many are again calling for the end of the world for the US Dollar. But, I have been seeing something quite different than most in the DXY chart.

I remember back in 2011, when the DXY was in the 73 region, and many were also calling for the death to the dollar at that time. But, for those following my work since I began publishing it in 2011, I was looking for a multi-year rally in the DXY, with a target for a 3rd wave in the 103.53 region. And, at the start of 2017, we struck a high of 103.82 to complete that 3rd wave before we began the pullback we have experienced since that time. But, admittedly, I was off by 29 cents in my multi-year call. (smile)

The DXY has been adhering to our Fibonacci Pinball analysis almost perfectly for years. And, our next larger expectation is for the DXY to rally back to the 100-101 region into 2018. The only question with which we have been grappling is if we see one more lower low before we begin that rally back to the 100-101 region or not.

Based upon the structure we have completed over the past week, it strongly suggests that the current decline is only a (b) wave in the first move up off the recent lows within the larger degree corrective rally back towards the 100-101 region.

As you can see from the attached 21-minute DXY chart, we are now moving down into our target region we set for the (b) wave of the larger degree green a-wave of the green (b) wave, as shown on the daily chart. And, as long as the market holds over the 1.382 extension off the high in the 91.70 region, my expectation is that this (b) wave pullback will set up the DXY to rally over the 96 region.

So, that means as long as we hold over the 91.70 region in the DXY, many may wind up quite shocked with the potential rally the DXY seems to be telegraphing it wants to set up over the coming weeks.

Alternatively, if the DXY should strongly break below the 91.70 region, then it certainly opens the door to the market making one more lower low before the next larger degree rally back to the 100-101 region begins in earnest.

See charts illustrating the wave counts on the DXY.

By Avi Gilburt, ElliottWaveTrader.net



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Currency

Bitcoin Price Cracks All-Time High of $10,000

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Posted by Ezra Dulis - Breitbart News

on Wednesday, 29 November 2017 06:08

Screen Shot 2017-11-29 at 7.18.55 AM

The price of one full Bitcoin (BTC), the original decentralized digital currency, officially hit 10,000 U.S. dollars early Tuesday morning, according to data from CoinMarketCap.

The blockchain “coin” began its latest rally after Black Friday, hitting an all-time high of $9,000 on Saturday, November 25, only to surge past 10k only three days later.

Soon after, the price dipped down to around $9900. At the time of this writing, BTC has risen back to $10499.00.

Why so high?

There are several likely reasons for this massive price surge.

First, a host of big financial players recently announced they will get in on the action. Most prominently, CME Group, the largest futures exchange in the United States, has signaled that it will allow BTC futures trading as early as mid-December. While it bodes well that many traditional investors may make the jump to digital currencies, a considerable number of them seem poised for a big short. The current price spike may indicate a buying frenzy to get in ahead of the short.

...continue reading reasons 2 thru 6 HERE



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Currency

Meet The World’s Most Powerful Bitcoin Backers

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Posted by ZeroHedge

on Tuesday, 28 November 2017 06:22

Cryptocurrency may be one of the biggest threats to governments, security and the entire financial system that we’ve ever seen. 

It can help fund terrorism and its anonymity makes it almost impossible to track. Most importantly, it is poised to revolutionize global finance and banking.

But our new Enemy No. 1 can’t be fought; it can perhaps be controlled. Banks have figured that out and are bringing crypto currency into the fold.

20171128 hack

The superpowers—U.S., China and Russia--will have to face the new reality. They love to hate it and hate to love it. Regardless, if they don’t embrace it, they won’t be able to control it. An enemy you don’t control is a much bigger threat.

....read more HERE



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