vincent_regan_cmt

vincent_regan_cmt

Multi year and multi month trendlines violated over past two months on TVC:DXY This dollar weighted basket may be hiding specific weakness of the Euro vs USD. Given some fundamentals of Euro banks and ECB, and also the multi-year cycle work of Martin Armstrong, bias long on US Dollar.

vincent_regan_cmt

Notice the downtrend line from the all time high that connects recent highs since then...until that is broken with a rally higher, talks of Ether's resurgence are exaggerated.

vincent_regan_cmt

Sure Bitcoin has dropped this week, peak to trough, from 19500 to 12000. More painful if you entered the market in the last month or so, but in the context of the 49-day moving average, all this BTCUSD market did was revert to its mean price over the last six weeks. Related, the BTCUSD price was extended 80% above its 49 dma. Same as a stock priced at $20 with...

vincent_regan_cmt Updated 

ETCUSD making some new highs, so time to look at Fib extensions for a price target...many cryptoassets have hit and exceeded to 4.236 extensions, so why not 65-70 for the Classic Ether?

vincent_regan_cmt Updated 

As governments around the world continue to probe ways into your cash, Bitcoin continues its strong long term run with only the all-time high ~$1100 putting a ceiling on action. If (when) that happens, BTCUSD will emerge from four years of consolidation.