Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Monday, January 17, 2022
THE NEXT BITCOIN / Currencies / cryptocurrency
By: Raymond_Matison
Most people, when thinking or talking about bitcoin, see it as a constant non-changing, immutable coin. However, the fact is that ever since the initial introduction of the original Bitcoin platform in 2009, there has been a near constant flow of imitators, look-alikes, and attempted improvements – in other words a “next bitcoin”.
Because Bitcoin’s programing code is public and available free to anyone desiring to download, use, or alter it to create a new version, the first bitcoin contender appeared not long after bitcoin itself was launched. Hence, several Bitcoin “forks” have been created – which were attempts to create a new and “improved” bitcoin, while also continuing to maintain the original version.
A new platform is only as effective and valuable as the size of its user community. When a Bitcoin fork is effected, a more modest size of a split user community will have its use languish, and value of its token proscribed, regardless that it may have improved functionality in terms of speed of transactions, finality, security, or cost.
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Sunday, January 16, 2022
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It / Currencies / US Dollar
By: P_Radomski_CFA
“It’s my party and I’ll fall if I want to”, sang gold and kept its word. Although the dollar weakened, gold seemed reluctant to take advantage of it.
Now that was a big decline in the USD Index! What made gold yawn and why is it declining today? Because it doesn’t want to rally.
I’ve been writing this over and over again, and yet I’ll write it once more. Markets don’t move in a straight line up or down, and periodic corrections are natural. However, the way markets interact during those corrections tells us a lot about what’s likely to take place next, at least in the case of some markets.
Thursday, December 30, 2021
My Most surprising Crypto call to date / Currencies / cryptocurrency
By: Stephen_McBride
Crypto stood before Congress two weeks ago…The CEOs of six crypto businesses testified in a highly anticipated session in Washington, DC.
Republicans and Democrats grilled them on blockchain technology, digital dollars, and regulation.
But one thing really stood out to me while listening to the hearing.
It lasted almost five hours, and guess what was hardly mentioned?
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Monday, December 27, 2021
Crypto's, Bitcoin on Cusp of BreakOut Trend Trigger to All Time Highs, BTC $100k Alt Coins Higher / Currencies / Bitcoin
By: Nadeem_Walayat
The crypto markets from Ethereum to Cardano to Polka dot right down to Ravencoin are at the cusps of breaking a significant trend triggers that would set them on course to new all time highs, of course led by the number 1 crypto that they are all leveraged to BITCOIN! How high could BTC go ? $100k all within a couple of months with far higher targets for the alt-coins. Find out why in my latest crypto video posted BEFORE the breakout moves take place..
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Wednesday, December 22, 2021
Euro: Look at This Head & Shoulders Chart Formation / Currencies / Euro
By: EWI
Learn about the "head and shoulders" measuring formula
You are probably familiar with the classic "head and shoulders" chart pattern.
But, in case you need a refresher, here's a brief description of a head and shoulders top:
The high of an initial upward move is the left shoulder. After a decline, another upward move takes prices to a higher high, or the head. A second decline follows the head. A third rally then takes prices to a peak below the high of the head, and becomes the right shoulder. The left and right shoulders are often similar in duration and extent. A trendline connecting the two lows is called the neckline. When prices penetrate the neckline, a change of trend is believed to have occurred.
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Saturday, December 11, 2021
Has Bitcoin Crypto Mania Finally Run Its Course? / Currencies / cryptocurrency
By: EWI
Here's a high-profile parallel between tech- and crypto-mania
When a company that's part of a major financial trend buys the naming rights to a professional sports stadium or arena, watch out!
History suggests that such a prominent move might be a sign that the fortunes of that company are about to dramatically change.
For instance, back in 1999-2000, technology shares were all the rage and one of the "highest of the dot-com high flyers," as the Wall Street Journal put it, was CMGI. It was the best performing U.S. stock from 1995 to 1999.
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Wednesday, December 08, 2021
US Dollar Still Has the Green Light / Currencies / US Dollar
By: P_Radomski_CFA
The dollar looks poised for another rally, to gold’s dismay. So, what’s the price target for the greenback over the winter months?
While the consensus across the financial markets (especially at the beginning of the year) was that the U.S. dollar was destined for devaluation, I warned that the greenback would rise from the ashes. And with gold, silver, and mining stocks often moving inversely to the U.S. dollar, the latter’s ascent helped make the precious metals one of the worst-performing asset classes in 2021.
Moreover, after more dollar doubters emerged in October – and the precious metals rallied hard – the USD Index eventually cut through 94, 95, and then 96 like a knife through butter. And with the precious metals reversing sharply once again, I expect another rally to push the USD Index to ~98 over the medium term. Perhaps quite soon. And the implications for the precious metals sector, are bearish.
Sunday, December 05, 2021
Bitcoin FLASH CRASH! Cryptos Blood Bath as Exchanges Run Stops, An Early Christmas Present for Some? / Currencies / cryptocurrency
By: Nadeem_Walayat
Bitcoin FLASH Crash of Saturday 4th December delivered me and likely many crypto investors an early Christmas present by triggering most of my buy limit orders. In this video I explain why it happened, and what to do do to profit from future Flash crashes that WILL happen! As well as how to protect yourselves from the wild, wild west crypto exchanges where literally anything goes!
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Friday, December 03, 2021
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - Part 2 / Currencies / cryptocurrency
By: Nadeem_Walayat
Dear Reader
This is Part 2 of 2 of my extensive analysis that maps out the potential trend trajectgory for some of the most manipulated markets on the planet, the CRYPTO ALT COIN MARKETs
So do check out the recently posted part 1 first if you have not already done so - Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion
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Tuesday, November 30, 2021
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion / Currencies / cryptocurrency
By: Nadeem_Walayat
Dear Reader
Firstly, crypto's are VERY HIGH RISK, the crypto bugs constantly talk about how manipulated fiat, stocks and precious metals are hence they seek their financial freedom in decentralised crypto currencies. However in my opinion crypto currencies are probably the most manipulated markets of the lot where huge amounts of coins reside in whale wallets that could be dumped onto the markets at any time. Then there are the inflation rates, crypto coin printing on an epic scale that would even make the Fed's Powell blush where comparatively low prices against all time highs can easily fool unsuspecting crypto investors into buying garbage with masked inflation rates in excess of over 100% that thus can not sustain bull runs to capitalise on until the inflation rates moderate to under 10%, such as that of Filecoin where given the plethora of pump content out there one is hard pressed to determine the true inflation rate that apparently is currently running at 160% against that of say Bitcoin's inflation rate of about 1.6%.
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Tuesday, November 30, 2021
Crypto Market Analysis: What Trading Will Look Like in 2022 for Novice and Veteran Traders? / Currencies / cryptocurrency
By: Submissions
Cryptocurrency in all of its complexity and ambiguity has seen yet another successful year.
Following the several peaks the crypto market has undergone in 2021, with May presenting itself to be the most volatile out of all. Novice and veteran traders have gone to extreme lengths to cash in on the craze, as U.S. investors made more than $4 billion from Bitcoin (BTC) in 2020.
Crypto is looking more and more as the digital currency of tomorrow with more than 6,000 cryptocurrencies already accessible on the market. While many raise scepticism concerning the volatility of cryptocurrencies, the market size has surged on numerous occasions and we can expect an even more exciting year ahead.
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Tuesday, November 23, 2021
Like the Latest Bond Flick, the US Dollar Has No Time to Die / Currencies / US Dollar
By: P_Radomski_CFA
While the dollar is on a tear, precious metal stocks have gotten away with it lately. But how long will their resistance last?
The USD Index (USDX)
After the USD Index’s negative response to the ECB’s monetary policy meeting on Oct. 28, I warned on Oct. 29 that dollar bears were unlikely to celebrate for much longer. I wrote:
Based on the rather random comment during the conference, the traders panicked and bought the EUR/USD, which triggered declines in the USD Index (after all, the EUR/USD is the largest component of the USDX).
Was the breakout to new 2021 lows invalidated? No. The true breakout was above the late-March highs (the August highs also served as a support level, but the March high is more important here) and it wasn’t invalidated.
What was the follow-up action? At the moment of writing these words, the USDX is up and trading at about 93.52, which is just 0.07 below the August high in terms of the closing prices. Consequently, it could easily be the case that the USD Index ends today’s session (and the week) back above this level.
Monday, November 22, 2021
Why BITCOIN NEW ALL TIME HIGH Changes EVERYTHING! / Currencies / Bitcoin
By: Nadeem_Walayat
Crypto Portfolio Current State
So far the crypto markets have managed to dodge the black swan bullets and so I hold ZERO of the two largest market cap crypto's, Bitcoin and Ethereum. Instead what had fallen to deep discounts have been the Alt coins, though again not to the extent where I would have piled in head first hoovering up huge amounts of crypto's as the current state of my crypto portfolio illustrates where even the crypto I have been banging on about all year Ravencoin is just scratching the surface at about 12% of my target holding, the table lists crypto's in order of my target $ position size.
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Thursday, November 18, 2021
Bitcoin & Ethereum 2021 Trend / Currencies / cryptocurrency
By: Nadeem_Walayat
Bitcoin peaked in March 2021 at $65k and then fell to a low of $29k Mid June. Whilst my in-depth look at crypto's of Mid June based on preceding bull and bear markets concluded that BTC could trade down to under $20k, for a drop of at least 70% off the peak that failed to materialise. Which means none of my string of buy limits from $26k down to $16k were triggered and thus I hold no bitcoin.
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Wednesday, November 17, 2021
Meshing Cryptocurrency Wealth Generation With Global Fiat Money Demise / Currencies / cryptocurrency
By: Raymond_Matison
The promise of electronic currencies
A couple of decades ago the internet started to revolutionize society in ways that could not have been predicted. Email systems developed and evolved to become indispensable and ubiquitous. People could sift and classify business data on spreadsheets in order to make smart business decisions faster. Vast libraries of books, data, news and other information from around the globe became increasingly available to anyone interested to read it. Global maps, archived music, and films could be shared, viewed, and listened to by anyone with a computer and access to the internet. Internet shopping became a reality; and just when it seemed that technological innovation might be slowing, all of these services migrated from desk-top computers to smart telephones. And this technology brought with it incredible amounts of new wealth.
Now continuing technological development is promising additional decades of innovation, that among other things will change ways in which we conduct financial payments, remit money across borders, invest in stocks, bonds and real estate, and control and custody our personal savings. These new technologies can be seen as decentralizing and liberating in the sense that individuals will be their own financial gatekeepers able to function as their own bank, without the need for permission from any trusted third party. This has already, and will continue to create much new wealth over coming years.
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Monday, November 15, 2021
Inflation and the Crazy Crypto Markets 2021 / Currencies / cryptocurrency
By: Nadeem_Walayat
One of the reasons for investing in crypto's is INFLATION i.e. fiat currency is constantly being devalued whilst many crypto's are limited to print run such as Bitcoin. So whilst I have not bought any Bitcoin to date due to not meeting my price targets so far. However, going forward I will be retaining all mined bitcoin regardless of what happens to the price, roughly I mine about $300 worth of bitcoin per month across 2 desktops.
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Wednesday, November 10, 2021
USD Index: Are New Milestones in the Cards? / Currencies / US Dollar
By: P_Radomski_CFA
While the greenback's failed breakout on Nov. 4th may seem bearish, it faced a similar situation in August and October, only to recover and achieve new highs.
After the USD Index’s negative response to the ECB’s monetary policy meeting on Oct. 28, I warned on Oct. 29 that dollar bears were unlikely to celebrate for much longer. I wrote:
Based on the rather random comment during the conference, the traders panicked and bought the EUR/USD, which triggered declines in the USD Index (after all, the EUR/USD is the largest component of the USDX).
Was the breakout to new 2021 lows invalidated? No. The true breakout was above the late-March highs (the August highs also served as a support level, but the March high is more important here) and it wasn’t invalidated.
What was the follow-up action? At the moment of writing these words, the USDX is up and trading at about 93.52, which is just 0.07 below the August high in terms of the closing prices. Consequently, it could easily be the case that the USD Index ends today’s session (and the week) back above this level.
Wednesday, November 10, 2021
Best Crypto to Buy Now for Bull Market Mania 2022, Alt Coins for X10 to X100 / Currencies / cryptocurrency
By: N_Walayat
Crypto Mania 2022 is about to begin, forget Bitcoin for it will be Alt Coins that will X10 and X100, so find out how you too can ride the crypto gravy train that already has some Alt Coin's X10ing, implying 2022 expectations to 100x!
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Tuesday, November 09, 2021
Answered: The most confusing question in Crypto / Currencies / cryptocurrency
By: Submissions
By Chris Reilly,
Executive Editor, RiskHedge When you buy a crypto…
What are you really investing in?
In today’s special edition of the RiskHedge Report, we’ll set aside the gains cryptos have been handing out of 6,000%, 8,000%, and 12,000%…
To answer this basic but crucial question.
***
Tuesday, November 09, 2021
How is cryptocurrency ensuring more innovation in modern businesses? / Currencies / cryptocurrency
By: Submissions
The rate of adoption has significantly increased for the Bitcoin industry over the last few years. This shows that crypto is making an entry into the mainstream economic structure. Also, it shows that the global community is becoming increasingly fond of the concept of crypto which is leading to more advancements and innovations in the sector.
Many countries are now trying different ways of inculcating Bitcoin, and various other cryptocurrencies in their economic policies. The developing world is eyeing it as a potential way to combat increasing poverty and unemployment in their regions. Cryptocurrencies are believed to provide a helping hand for these economies through their high-profit potential.