Dash Crashed Right On Schedule. What’s Next?

dash cover

This week’s crash in the price of Bitcoin dragged virtually all other cryptocurrencies down with it. The total capitalization of the entire crypto market was down by almost $400 billion at one point on January 17th. Dash, currently the eleventh largest virtual currency, was no exception, falling from a high of $1247 to as low…

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Bitcoin Bloodbath Was Ten Days in the Making

bitcoin elliott wave analysis january 7

So far, 2018 is definitely not what crypto investors were hoping for. The entire cryptocurrency market crashed yesterday as each coin lost between 15% and 40% of its market capitalization. Bitcoin, the biggest virtual currency out there, could not escape the bloodbath, as well. BTCUSD fell to an intraday low of $10 162 for a…

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EURUSD Weeks Ahead of the German Coalition Talks

eurusd elliott wave analysis january 1

It has been a wild week for EURUSD. The pair opened at 1.2027 on Monday, but quickly fell by over 100 pips to 1.1916 on Tuesday, only to resume its rally and reach a new three-year high of 1.2134 as of this writing. The last time the pair traded above the 1.2100 mark was in…

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Illumina Stock Outperforms, Walks on Thin Ice

illumina stock elliott wave analysis

There is no question that keeping all eggs in one basket is a risky strategy to rely on in the markets. However, if investors held nothing but Illumina stock for the last two years, they would have beaten the S&P 500 by a large margin. Shares in the biotechnology company have risen by over 76%…

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Weekly Highlights: Intel, AMD, Oil

oil, intel, amd, weekly recap

The first week of January was quite eventful with an all-time high for the Dow Jones and Crude Oil breaking above $61 for the first time since 2015 (when it briefly touched $62 and proceeded to drop below $27). It wasn’t all sunshine and rainbows though, as two tech companies found themselves in the news…

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Intel’s CPU Disaster Anticipated by Elliott Wave Analysis

intel stock elliott wave analysis january 5

Intel had a great 2017, finishing the year at $46.50 a share for a total gain of 27%. 2018 did not begin very well, though. The stock just fell to as low as $42.69 yesterday, after it became clear that major security flaws found in Intel’s processors make smartphones and PC’s vulnerable to hackers’ attacks.…

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EURUSD Starts 2018 On a Tear. Surprised?

eurusd elliott wave analysis december 4

2017 has been a great year for EURUSD bulls. During the last twelve months, the pair climbed from as low as 1.0340 to almost 1.2100 and managed to finish the year above the 1.20 mark for the first time since 2014. It was not a sure shot, though, especially during the mid-December dip to below…

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Crude Oil Finally Reaches the $60 Mark

wti crude oil elliott wave analysis 27 november

As WTI crude oil approaches the $60 mark, we could conclude that it was not a smooth ride at all. The price has been wandering between $55 and $59 for nearly two months until it finally broke out of this range to reach levels not seen since late-June, 2015. A month ago the price surpassed…

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Freeport McMoran Suddenly Loved by Everyone

freeport mcmoran elliott wave update

Almost nine months ago, on March 31st, the share of leading copper miner Freeport McMoran was hovering around $13.30. The company’s debt load was troubling, an extended strike at their Grasberg mine was disrupting the working process and on top of that, the Indonesian government said the country wants to renegotiate the terms of its…

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USDCAD Ahead of the ADP Report with Elliott Wave

usdcad elliott wave analysis december 6

Last week, USDCAD crashed from 1.2909 to as low as 1.2680. This week, the pair initially fell to 1.2623, but quickly reversed to the north again and now appears determined to regain all of last week’s losses. As of this writing, it trades near 1.2870. While the upbeat ADP report on the US private sector…

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ETHUSD’s Phenomenal Rally Cannot Last Forever

ethusd elliott wave analysis november 28

The market capitalization of Ethereum, the largest cryptocurrency after only Bitcoin, is currently in the vicinity of $46 billion with its price hovering around $470 per coin. Two months ago, though, things were not looking that good for the bulls. On September 14th, ETHUSD was closer to $270, wandering in no man’s land between the…

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Ahead of WTI Crude Oil’s Two-Year High

wti crude oil elliott wave analysis november 13

The price of WTI crude oil surpassed the $58 a barrel mark this week. The last time it traded at that level was in June, 2015, when the oil crash was still in full swing. Almost two and a half years later, the bulls’ efforts are finally being rewarded. It has not been a smooth…

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Zigging When the S&P 500 Zags

s&p 500 elliott wave analysis october 23

Yesterday, the S&P 500 reached the 2600 mark for the first time in history. But the journey has not been a smooth one, especially in during the last month. On October 23rd, the index was trading near 2580. Then it fell to the low 2540s, before jumping to a new all-time high at 2596 on…

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Vestas Wind Systems Facing Elliott Wave Headwinds

vestas wind systems elliott wave analysis update

Four months ago, the stock of Vestas Wind Systems, the world’s biggest wind turbine manufacturer, was hovering above $95 a share, climbing to heights not seen since September, 2008. The world is slowly but surely switching to green energy. In addition, the company’s new CEO was doing a great job since his arrival in 2013,…

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USDJPY’s Sudden Change of Heart Explained

usdjpy elliott wave analysis november 8th

Not too long ago, on November 6th, the U.S. dollar climbed to as high as 114.73 against the Japanese yen, which was its highest level since mid-March. But instead of maintaining the bullish momentum, USDJPY had a sudden change of heart and reversed to the south. Two trading weeks later, the pair closed slightly above…

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