Category Archive: Cryptocurrency, No picture
MicroStrategy unveils Bitcoin-based decentralized identity protocol with Ordinals-inspired technique
MicroStrategy has announced the development of a decentralized identity solution on the Bitcoin blockchain. The protocol, dubbed MicroStrategy Orange, adopts a Bitcoin Inscription DID method, similar to the Ordinals technique, to manage Decentralized Identifiers (DIDs) using Unspent Transaction Outputs (UTXOs) for control. Michael Saylor, the company’s co-founder and executive chairman, unveiled the innovation at the […]
Elliott Wave Analysis: SP 500 And Nasdaq 100 Bearish And Bullish Outlooks
Image Source: PexelsSP500 – Nasdaq 100 – RUSSELL 2000 – DAX 40 – FTSE 100 – ASX 200 Elliott Wave Technical Analysis Elliott Wave Analysis Indices: SP 500 and Nasdaq 100 Wave (4). No doubt there is bearish pressure on all current Indices patterns and based on that I look at the bearish Elliott wave pattern […]
Markets Sink After Powell Presser; Big Earnings Post-Bell
Image Source: PexelsMarkets surged today on Fed Chair Jerome Powell’s press conference. It came after the Fed’s press release kept interest rates at the same 5.25-5.50%, with the same commitments to a +2% inflation target. Powell explained how the Fed would be slowing the pace of decline in securities on the balance sheet. This was taken […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 1
Image Source: UnsplashWild and crazy day to say the least! Both the ES and NQ gave a nod and a push towards both the “A” and “B” versions of the preferred count(s). Neither came out the winner and I again am not handing out the winning ticket — so again I lay out possible limitations which […]
Tesla Is Scaling Back Superchargers, Rescinding Offers, Firing More Workers
Image Source: PexelsThings are going so well for Tesla that Elon Musk is scaling back charger plans, rescinding offers made to interns, and firing a lot of people including the entire supercharger team.Hello Elon, What’s Going On?The Wall Street Journal reports Tesla Is Pulling Back From EV Charging, and People Are Freaking Out Tesla’s move this week […]
Crude Oil Recedes Post-Fed, WTI Tumbles Below $80
Image Source: Unsplash WTI slips back below $80 per barrel. Crude Oil markets unsettled by latest Fed rate call. Supplies continue to overwhelm Crude Oil demand. West Texas Intermediate (WTI) US Crude Oil fell below $80.00 per barrel on Wednesday as US Crude Oil supply continues to overwhelm demand, and the US Federal Reserve (Fed) remains hobbled on […]
DeFi’s total value locked falls $10 billion in April
The total value locked (TVL) on decentralized applications fell $10 billion in April, according to data aggregator DefiLlama. That’s a 7% drop in 30 days, as the decentralized finance (DeFi) ecosystem closed last month with $138.6 billion, including liquid staked amounts.DeFi’s TVL variation in April. Image: DefiLlamaConsidering the 10 largest blockchains by TVL, Avalanche registered […]
Something Else Is Driving Gold
Image Source: UnsplashThis analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis of potential price direction in the very short term (1-2 weeks).In the analysis below, the price indicators suggest the correction has more to go, but some of the less-watched metrics indicate the correction could be much […]
Large “Inverse Hammers” Kill Rally In Indices May 01, 2024
Image Source: PexelsToday was not a great day for bulls; what looked promising for all indices intraday, was cooked by the close. The percentage loss for the day was not the issue, it was the intraday spread that caused the problem. In the case of the S&P and Nasdaq, current action since April lows has the […]
Asia Open: The FOMC Whipsaw And More Yen Intervention In Focus
Image Source: PexelsMARKETSMarket participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.Ultimately, U.S. stocks finished mixed after Powell stated that the interest rate cuts Wall Street desires are still likely, albeit potentially delayed due to stubbornly high inflation. The S&P 500 […]
