Traders, Are we going up? Or are we going down? Sigh. This market is exhausting, I know. And once again we are on the brink of decision time for the U.S. market. The dollar is knocking on the door of overhead resistance, if it breaks then we can expect downward movement both in the U.S. stock market and in crypto. But if resistance holds firm, expect weakness in...
Traders, The week has ended and Bitcoin has thrown us a bit of a curveball. But should we have expected this drop? And is it a healthy sign. I am of the persuasion that it is! I feel that as long as the Bitcoin price remains above the 50/100 day moving average intersection (which coincides with a .618 Fibonacci retracement level), Bitcoin remains bullish and I,...
The VIX measures the fear in the S&P 500. Even if you only trade or invest in crypto or stocks watching the VIX is critical in learning how to measure the sentiment of the general market regardless of what you are trading or investing. I use the VIX for even crypto trading and suits me well. It does the complete opposite of the what other stocks or cryptos do....