Ethereum has been getting a lot of attention recently, and for good reason. Lately it has outpaced Bitcoin to the upside and, as of writing this, the setup in Ethereum daily chart is superior to that found on Bitcoin. So, the question comes up, how high can Ethereum go? To answer that question as best … Read more
A year ago, the world found itself gripped by a novel coronavirus that changed the path of history and what we used to consider normal. The consequences of immediate and long-lasting shutdowns that normally would have crippled world economies were circumvented by monetary powers by sacrificing the dollar so that asset prices would remain elevated. … Read more
Lately the market has seen a strong rotation from momentum technology stocks to small cap, value stocks. We haven’t seen this dynamic in such a lasting way in at least ten years, so what’s going on? What is making small caps more attractive to traders in the current environment than the megacap tech stocks which … Read more
We’re going to keep this post short and sweet. The only setup in the entire crypto market that still has a weekly squeeze in play is ETH/BTC. What does this mean? ETH/BTC is the ratio of Ethereum (the largest alternative coin) to Bitcoin. What does that mean? Think of it like silver and gold. Typically, … Read more
We have looked at Bitcoin for some time at Simpler Trading, both in the rooms and individually. This year has seen Bitcoin and crypto again in the spotlight. We are seeing crypto gain attention for two reasons. The first is the continuing and never-ending money printing by central banks diluting the purchasing power of fiat … Read more
Everyone has seen the recent run in Bitcoin. Bitcoin price has more than quadrupled off the lows and it seems that cryptocurrencies are now on everyone’s radar. Equally as important, we have seen institutions drive adoption like never before, from Square and PayPal allowing users to buy on the platform, to greater institutional investments in … Read more
There is a setup in the markets currently that mirrors the setup just before Black Monday in 1987 that you should be aware of. This does not mean that history repeats; as traders we look at probabilities first. Let me make the case: In 1987, from June to October, the market was seeing a winning … Read more
It’s easy to be a dollar bear… the buying power of the dollar seems to fall every year. The government runs a continuous and growing deficit every year regardless of who’s in control, and the Fed facilitates the largess with zero interest rates and monetization of the debt.
Since the March lows, we have seen the Fed do incredible things never seen before. It started with conventional things (like slashing rates and providing liquidity to markets) and quickly spiraled into modern day money printing via debt monetization and, even more drastically, buying corporate junk bonds.
Normally it would be redundant to say to technically minded traders that “news is noise” … but these are not normal times. Let’s talk about what a chart represents. A chart is a visual representation of the collective decisions and subsequent psychology of millions of market participants.