Bitcoin has been sideways for most of 2022. Since closing below $46,000 on January 5th, BTC has spent its time between $35,000 support and $46,000 resistance.
The current consolidation has officially taken longer than the June to July range last year, which seemed to last an eternity.Continue Reading
The EURUSD looks set to break out this week on the back of Wednesday’s FOMC.
The question is, which direction?
We previously discussed how the euro broke the 2008 descending trend line on March 3rd and also tested multi-decade support at 1.0850.
Get all the details and see exactly how I’m trading it in today’s video.Continue Reading
The EURUSD failed to break out from the 1.1080 area last week. That’s the 2008 trend line that buyers had to reclaim to turn the euro bullish.
I was waiting to see if buyers could reclaim that level to open up the 1.1480 handle. That didn’t happen, and that’s okay.
As explained in last week’s video, I didn’t short EURUSD from 1.1080 because of the aggressive rally we saw on the 9th.Continue Reading
The first time I mentioned Ethereum on this site in 2020, it traded at $243. That turned out to be the most profitable trade of my life.
However, ETH is down 45% since reaching an all-time high of $4,868 last November. At the January low, it was down by 55%.
Ethereum is now at an interesting juncture on the chart.Continue Reading
NZDUSD is an interesting one as there are dynamics at play on both the daily and weekly charts.
On the one hand, the pair is holding below key resistance at 0.6870.
And on the other, the weekly time frame recently produced a false break below channel support.Continue Reading