Cryptocurrency Analysis and News Portal
Nouriel Roubini, who predicted the 2008 crash correctly, claims global equities could take a 40% hit because of the coronavirus outbreak. Dow Jones jumped over 5% on Monday, but such volatility is indicative of a bear market rally. Roubini’s prediction may prove correct as rate cuts will fail to
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GameStop seems to be going under, as they desperately employ aggressive sales tactics. These tactics appear to be pushing away their already dwindling customer base and sapping employee morale. GameStop deserves everything that is happening, even if their employees don’t. A little while ago we reported that the future
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Warren Buffett is 89 years old, but he certainly hasn’t mellowed with age. The “Oracle of Omaha’s” latest annual report is full of fire. His 2019 letter to Berkshire Hathaway shareholders minces no words. Buffett issues scathing rebukes of corporate governance and greed. Further, his $128 billion cash pile
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Alibaba’s CEO called the coronavirus a “black swan event” Thursday. His analysis has disastrous implications for the stock market. While he spoke, new coronavirus cases spiked at a frightening pace. The stock market seems to be shrugging off coronavirus fears since it became a pandemic last month. Amid startling news of drastic measures taken
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Bitcoin’s (BTC) price action continues to be less than impressive unless one is a bear capitalizing on the current shorting opportunities. Bulls pinned their hopes on BTC price breaking out of the falling wedge in a strong upside move since the consensus was that this particular pattern tends to produce
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Twitter is bearish, abuzz with chatter of a descending triangle that is forming on the Bitcoin (BTC) chart and with comparisons to the descending triangle that broke down in 2018 at $6,000. Twitter is often wrong. Let’s first define the descending triangle.A descending triangle is among the most famous classical
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