Bitcoin is up this morning, trading at $30,832.85. Both the daily and long-term momentum are strong. The daily (14) Average Directional Index (ADX) is ticking at 34.21, with the positive Directional Indicator (+DI) up at 35.11 and the negative Directional Indicator (-DI) down at 12.25. Additionally, the price is 12.91% above the 50-day Simple Moving…
BITCOIN GAINS $6650.22 FROM LOWS!
Bitcoin is currently trading at $30,669.83 this Sunday morning, showing no significant movement after retracing from its $31,412.00 June 23 intraday high. Following a bearish consolidation period, Bitcoin experienced a substantial rally, surging $6,650.22 (26.85%) from its $24,762.00 June 15 low. This impressive rally resulted in an increase in the ADX indicator to 32.20. The…
US Debt Ceiling Says it all!
Bitmarketperu.com US sentiment continues to sour as the issue of raising the US debt ceiling resurfaces to avoid a default on debt obligations. Democrats are advocating for a debt ceiling increase without significant spending cuts, while Republicans insist on substantial cuts prior to any increase. What does this al mean? Raising Debt Ceiling Raising the…
¿Qué es el Blockchain?
¿Qué es el blockchain en relación al Bitcoin, y al sistema digital centralizado que gobierna los registros de pagos? Blockchain vs Bitcoin Lo primero que se debe entender es la diferencia entre el blockchain y el Bitcoin. El Bitcoin es una moneda, una unidad de cuenta digital. Es el sistema en el que fue creado…
SPX500 ELLIOTT WAVE FORCAST
The SPX500 is showing signs of breaking down. ADX is favoring the downside as –Di is at 25.58 above +Di at the 21.85. ADX is at 12.13 which is ranging. Price is trading above the 200 SMA but below the 50 SMA. The 20 SMA has dropped down below the 50 but still holding above…
XAG/USD SILVER To All-Time high!
XAG/USD: The Elliott Wave Structure confirms a possible uptrend for Silver, with a potential test of the all-time high. Specifically, the correction down from the Aug 2020 high counts as an expanding flat at the near $17.55 Aug 2022 low, and a nice impulse cut out the ensuing rally. Once this impulse was corrected, the…
EUR/USD FALLS on Banking Crisis!
Technical Analysis by Raul Fernando Luna Toro BITMARKETPERU.COM EUR/USD TANKS ON NEWS EUR/USD falls 1.12% during European session as banking crisis worsens. The bad news sank the pair from the $1.0830 to the 1.0711 late during European trading. US markets, however, bought the pair pushing up a bit to the $1.0750. Note that he EUR/USD…
S&P 500 LARGE CAP INDEX
March 21 2023 9:43 p.m. Lima Peru Technical Analysis by Raul Fernando Luna Toro BITMARKETPERU.COM EWFOREX.NET Today, The SPX 500 Large Cap fared better but not enough to change the Primary Degree downtrend. Momentum indicators improved for the SPX slightly however in counter trend mode. Both momentum and wave structure have to improve much more…
Bitcoin Price Explodes Up
By Raul Fernando Luna Toro at EWFOREX.NET $BTCUSD PRICE ACTION Bitcoin price opened at $27440.55 this morning and hit an intraday low of 26658.45, an intraday high of 27746.55 before settling at the 27398.40 where its trading now. Chaikin Money Flow is at 0.110 signaling that the bulk of the volume is now favoring the…
Bitcoin Price Smashes March High!
Techs by Raul Fernando Luan Toro Bitmarketperu.com BITCOIN PRICE ACTION $BTCUSD Daily Chart: Bitcoin price moved up last night and broke above the March high. $BTCUSD opened at 25051.31 hit a low of 24945.47 ran up to an intraday high at 27002.09 before settling at 26722.26 where its trading now. This shot RSI up to…