Typically when a Company gets naming rights to a sports stadium or their President gets to ring the bell at the New York Stock Exchange that company is at the top of its game. Unfortunately, when you are at the top there is nowhere to go but down. In today’s article, we are going to look at tops, tech, crypto, and stadiums.
The Bitcoin Crime Wave Hits
June 11, 2021 by Leave a Comment
By Elliott Wave International The conviction gripping bitcoin’s ascendancy is so deep that children are now being indoctrinated into the bullish fold. We talked about this phenomenon with respect to the stock market last month. This Bloomberg column from May 16 signals its arrival in the cryptocurrency world: “Why I Pay My Seventh Grader in […]
Bitcoin: Let’s Put 2 Heart-Pounding Price Drops into Perspective
February 27, 2021 by Leave a Comment
Bitcoin’s price fell hard, from above $58,000 to $45,000, and some are wondering if this is the start of a crash. Well, the word “crash” was also used back in January, when the cryptocurrency fell from $42,000 to below $30,000. However, prices bounced back. Let’s see how Elliott wave analysis can help put both price drops into perspective.
Bitcoin Crashes Below $10,000. What’s Next?
January 26, 2018 by Leave a Comment
Who could have thought that something called a “digital currency” that first appeared in 2009 and was widely available for 1 cent (and no one cared!) eight years later would be going for $20,000 a pop? It’s the wildest financial craze of our time. Wait, scratch that — it’s the wildest financial craze ever, because Bitcoin is up not 100%, not 1,000%, not even 10,000%. Since inception, Bitcoin is up 32,000,000%. Yes, thirty-two MILLION percent.
