For months on end, BTC - USD had
a strong bullish rally that has been well confined between both a linear ascending channel and (on a macro scale) a parabolic curve: Figure 1: BTC - USD, 1 - Day Candles, Linear and Parabolic TrendlinesAfter a very strong,
Not exact matches
We favor non-U.S. markets, including Europe and Japan, and we are
bullish on emerging market (EM) stocks, even after a
strong rally this year.
«Bitcoin price staged a
strong rally to break past the short - term channel top and aim for the longer - term resistance... Buyers are taking control of bitcoin price action... Moving averages are in line with the 4 - hour
bullish channel support at $ 610, adding to its strength as a floor.
Boosted by the
bullish supply - demand reports, oil prices
rallied on Monday, with Brent hitting a more than two - year high on
strong oil demand growth and the threat to Kurdish oil exports over the referendum on independence.
Although $ GLD is still in a downtrend, there are now 2 main technical signals and 1 other point that give me
strong reason to believe gold is poised for a substantial, intermediate to long - term
rally and / or
bullish trend reversal...
... we remain
bullish due to global growth and a cyclical U.S. market recovery propelled by (1) a
strong earnings announcement season, (2) gradually improving private (vs. government) job creation and (3) the impending mid-term elections, launching a 26 - month
rally until the next Presidential election.
Meanwhile, technical analysis indicates that
bullish consensus is getting
stronger, increasing the likelihood of a
rally from $ 650 to $ 820.
Also read: Lawnmower: Industry - Grade Information for a Next - Gen Altcoin Exchange Bitcoin Price Technical Analysis: $ 920
Rally a Likelihood Long - Term Analysis After confirming a
strong bullish consensus, prices are building intermediate levels as support references for when the next rise to $ 820
The bitcoin price is approaching a trigger zone at $ 620 while
bullish consensus gets
stronger, suggesting that a big
rally remains a real possibility in the near future.
«Bitcoin price staged a
strong rally to break past the short - term channel top and aim for the longer - term resistance... Buyers are taking control of bitcoin price action... Moving averages are in line with the 4 - hour
bullish channel support at $ 610, adding to its strength as a floor.