Tag: ethereum
This morning, traders were awoken to the sight of Bitcoin smashing through piles of buy stops to reach my first major target at $5,000 with a $1,000 surge in just a few hours. Yes, that’s right – I have been long BTC for several weeks
Regular readers will know I have been not so patiently waiting for this. It is a common observation that currency markets often extend trends far longer than you think possible. In Elliott wave terms, we see many extended fifth waves and these are often the
I confess I am really enjoying the mayhem prevailing within the madcap world of crypto-currencies. And no wonder, when you have one of the thousands of virtual coins out there explode from 25 cents in early December to $3.25 (a gain of 1200% in a
The mania driving stocks is historic – the result of a QE-driven rush of funny money into the hands of money managers who saw the Fed offered them a free put option on share purchases. The only way for shares was up (but only for
I ask that question rhetorically because I have asked it several times this year – and the answer was always ‘no’. A few weeks ago, I noted a rush of MSM articles that proclaimed the end was nigh – and I took that as a
