Entries by Spencer Li

US-China Finalizing Phase One of Trade Deal – Will We See New Highs?

In the news, U.S. and Chinese officials are “close to finalizing” some parts of a trade agreement after high-level telephone discussions on Friday, the U.S. Trade Representative’s office and China’s Commerce Ministry said. This seems to bode well for the stock market, with prices already creeping up to test the prior highs. So will we […]

Bitcoin Spikes up $2500 in One Day – Any Reasons Why?

Yesterday, we saw an incredible spike in Bitcoin of close to $2500, which is 40+% move. Even though price has corrected slightly, it is currently still up by about 30% from its recent lows. Although no one really knows the reason for such a sudden move, many people have attributed it to remarks by the […]

Tesla Shares Spike 21% on Earnings Surprise

Tesla recently posted a cash balance increase to $5.3 billion and reported a profit of $1.86 per share, shattering analyst expectations for a loss of 42 cents per share. Elon Musk promised a 2020 rollout of a cheaper SUV and more self-driving technology to stay ahead of larger rivals rushing into the premium electric vehicle […]

Top 3 Reasons Why Price Action is Chosen by Professional Traders

This article is going to be a little longer than usual, as I endeavor to make a balanced view about exactly why price action is preferred in the marketplace. If you’re keen to expand your mind, deepen your knowledge, or simply learn something new about the financial markets, then please read on. Throughout the centuries, traders […]

Bitcoin – Breakdown from Triangle Pattern!

After months of consolidation, Bitcoin has broken down from its triangle consolidation price pattern. The interesting thing is that if you look carefully you will see both a symmetrical triangle (neutral) and a descending triangle (bearish), so overall the odds of it breaking down was higher than the odds of it breaking up. The next […]