ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Price Action Bitcoin (BTC/USD) is on more media radars after breaking out above $10,000 last week. Last month, Bitcoin broke out from a downtrend in place since the last big run-up peaked in June, 2019. The $10K breakout ran into a wall from resistance formed by the high when Bitcoin suddenly spiked straight up … Read more
The Price Action The excitement did not last. On October 25th and 26th, Bitcoin (BTC/USD) soared out of nowhere, and it interrupted my expectation for an imminent opportunity to accumulate for Bitcoin in the $6500-7000 range. That opportunity is finally here as a month-long slide accelerates. Wavering Signals from The Google Trends Momentum Check The … Read more
As Bitcoin (BTC/USD) pulls back again to the $10,000 level, there is a lot of news swirling to explain the sell-off. Google Trends still works as a way to cut through the haze on Bitcoin. Fresh Validation for The Google Trend Momentum Check When Bitcoin ended its last parabolic run on June 26, Google Trends … Read more
Bitcoin (BTC/USD) continues to provide great data points for using Google Trends to assess the sustainability of significant price movements. So many milestones have occurred in such a short period of time that I decided to name this process: the Google Trend Momentum Check or “GTMC” for short. The latest example of the GTMC occurred … Read more