Namecoin experiences massive gains from the 13th through till the 15th, more than doubling in value in barely a couple of days, but a powerful bear setup initiated a fifty percent retreat. Let’s take a closer look at the current NMC/USD H4 chart below (click to expand): I’ve performed the Fibonacci study from the last major swing low […]
Bitcoin’s recovery continues, as the bears begin to lose their grip, for the meantime at least. I explained in yesterday’s analysis on Bitcoin, how we may see a drop to a certain level, posting this chart: Where I mentioned, “With the Stochastics now heading down from an overbought zone, we may see price hit 38.2% (from […]
The current stock market rally has been a pretty smooth, upward ride for investors.But it’s been a whopping 553 days since we’ve been in a healthy 10%+ sell-off.Are we past due for a correction?”A correction is not past due,” writes David Bianco in his 2014 outlook.Bianco runs us through the history of corrections in his note:S&P 500 corrections of […]
