Bitcoin surged to a new record high above the $4,000 level on Sunday, as investors remained optimistic about the future

BITCOIN SURGES TO NEW RECORD ABOVE $4,000

BITCOIN SURGES TO NEW RECORD ABOVE $4,000

Bitcoin surged to a new record high above the $4,000 level on Sunday, as investors remained optimistic about the future

Bitcoin surged to a new record high above the $4,000 level on Sunday, as investors remained optimistic about the future of the cryptocurrency after it successfully survived a split into two competing coins.

On the U.S.-based Bitfinex exchange, Bitcoin was at $3,909.3, up $480.8 or 14.06%, after rising as high as $4,183.7 earlier.

Bitcoin has quadrupled in value this year and has gained around 36% so far this month.

The fresh record highs came as uncertainty over the future of Bitcoin receded after new software called Segregated Witness, or SegWit was adopted by the blockchain supporting Bitcoin last week.



Bitcoin surged

The software was developed as a solution to the cryptocurrency’s scaling problem, which led to a split or so-called ‘hard fork’ on August 1 when the blockchain supporting Bitcoin split into two, creating Bitcoin Cash.

Bitcoin received an additional boost after Goldman Sachs said in a report last week that it is becoming more difficult for institutional investors to ignore the rise of cryptocurrencies.

“Whether or not you believe in the merit of investing in cryptocurrencies (you know who you are), real dollars are at work here and warrant watching,” Goldman said.

But Bitcoin’s recent strong gains have added to fears over a crypto-bubble.

Elsewhere in cryptocurrency trading, Ethereum, Bitcoin’s closest rival in terms of market cap, was lower, falling 4.48% or $13.54 to $288.87.

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BITCOIN PRICES SLIDE Bitcoin prices were lower on Wednesday, as selling in the cryptocurrency resumed a day

BITCOIN SURGES PAST $3,500 AS RALLY CONTINUES

BITCOIN SURGES PAST $3,500 AS RALLY CONTINUES

Bitcoin surged to all-time highs on Friday, as investors remained

Bitcoin surged to all-time highs on Friday, as investors remained optimistic about Bitcoin’s future amid bullish comments from analysts.

On the U.S.-based Bitfinex exchange, bitcoin rose to $3,525.9, up $109.7 or 3.21%, surging past its previous all-time high of $3482.9.

Sentiment on Bitcoin turned positive, following last week’s ‘hard fork’ which split the blockchain supporting bitcoin into two, creating a rival digital currency called Bitcoin Cash, as analysts continued to talk up the prospect of cryptocurrencies.



Bitcoin surged

“Whether or not you believe in the merit of investing in cryptocurrencies (you know who you are), real dollars are at work here and warrant watching.” Goldman Sachs (NYSE:GS) noted in its question-and-answer report focused on cryptocurrencies.

Bitcoin Cash followed Bitcoin’s move higher, rising 13.44% to $329.53.

Bitcoin Cash seeks to increase bitcoin’s block size to eight megabytes whereas SegWit short for “segregated witness” proposes to move some of the data outside of the main bitcoin network to speed up transactions.

SegWit, seen as a milestone for Bitcoin, is expected to be implemented within two weeks.

Meanwhile, Ethereum, rose by 2% to $302.31.

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Buz Investors Gold vs Bitcoin Bitcoin prices have officially outpaced gold prices per ounce for the first time in the currency’s history. With the bitcoin price in 2017 trading above gold prices, you have a day that cryptocurrency

BITCOIN SURGES AS MINERS BACK SEGWIT UPGRADE, ETHEREUM TURNS NEGATIVE

BITCOIN SURGES AS MINERS BACK SEGWIT UPGRADE, ETHEREUM TURNS NEGATIVE

CURRENCY TRADERS

Buz Investors Gold vs Bitcoin Bitcoin prices have officially outpaced gold prices per ounce for the first time in the currency’s history. With the bitcoin price in 2017 trading above gold prices, you have a day that cryptocurrency

BITCOIN SURGES Bitcoin traded higher on Friday, after investors cheered data showing bitcoin miners continued to signal support for a software upgrade aimed at speeding up transactions on the bitcoin network.

On the U.S.-based GDAX exchange, Bitcoin rose to $2,784.2, up $222.9 or 8.70%.

News surfaced Thursday, showing that 100% of miners signalled support for software upgrade SegWit, easing concerns that Bitcoin would split into two currencies.

For SegWit to activate, at least 95% of miners are required to continue to support the software upgrade.

The upgrade to Bitcoin’s network, is expected to activate in late August, providing miners with ample time to upgrade their software.

The rise in bitcoin comes a few days after an analyst warned that the digital currency faces a period of consolidation before attempting to break above its all-time high of $3,000.\



BITCOIN SURGES

 

“Anything above $3,000 will suggest potential to have already started wave V, which again has a minimum target at 2,988 and scope to reach 3,691 (the latter being a preferred target as this assumes a new high.),” Jafari wrote.

Meanwhile, Ethereum, failed to mirror bitcoin’s move higher, falling to $192, down 3.92%.

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Gilead Stock Surges  Wow, Gilead Sciences, Inc. (NASDAQ:GILD) stock has just taken a serious turn, and the timing could not have been any better.

Gilead Stock Surges and Shatters These Resistance Levels

GILD Stock: Bullish Developments

Gilead Stock Surges  Wow, Gilead Sciences, Inc. <span data-recalc-dims=(NASDAQ:GILD) stock has just taken a serious turn, and the timing could not have been any better." width="300" height="200" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/GILD-Stock-300x200-Small.jpg?resize=300%2C200 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/GILD-Stock-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVEStORS  Gilead Stock Surges  Wow, Gilead Sciences, Inc. (NASDAQ:GILD) stock has just taken a serious turn, and the timing could not have been any better. In a June 14 publication titled “Gilead Stock Needs to Conquer These Hurdles,” I focused on GILD stock and outlined the developments that I would have needed to see in order to justify holding a bullish view on this investment.

In recent days, GILD stock has staged an advance, and a number of the hurdles I identified have been surpassed. It’s as if someone read my publication and decided they would attempt to paint the chart in a bullish manner. This is of course just rhetoric, nonsense, and I do not believe it for one second, but it’s fun to spin a few conspiracy theories on occasion, especially when the timing is so well-placed.




Gilead Stock Surges

The truth of the matter is that Gilead is a drug maker and this sector has been put under a lot of scrutiny following a tweet by Hillary Clinton, where she vowed to curb the predatory pricing polices that certain drug makers employed in order to boost their bottom lines. President Donald Trump made a similar pledge, and a dark shadow was cast on this sector as a result.

This event will cause money sitting on the sidelines to return to this lagging sector, fueling an advance. It seems as though investors are front running this announcement, which is causing the recent buying binge in this sector. The following Gilead stock chart illustrates this binge buying that has occurred over the past few days and the implications it carries.

Gilead stock chart

 

A bearish trend in GILD stock was defined using two key metrics, the downtrend line and the 200-day moving average.

The downtrend line is a simple tool used to define a bearish trend. This downtrend line is created by connecting the significant peaks that stopped the stock price from advancing beyond it. This downtrend line was created omitting the peak that was created in April 2016, because GILD stock gapped lower shortly after it broke above the peak. This method has created a fitted downtrend line with multiple points of contact, creating a trend line that is quite significant.

Similar indications are being suggested by the 200-day moving average, which is created by averaging the closing price over the last 200 days and plotting that value over the price chart in order to provide a smoothed price trend. The 200-day moving average is a metric that is used to define whether an investment is healthy and trading in a bull market, or unhealthy and trading in a bear market. As a result, I have a tendency to refer to this moving average as a dividing line.

In December 2015, Gilead stock broke below this moving average and it failed to regain its footing ever since. Until now. As I write, Gilead shares have appreciated to the tune of 9.95% in three days. In this process, GILD stock has managed to break above the downtrend line and the 200-day moving average.

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Citigroup beats $800 million appeal by onetime billionaire

Citigroup’s stock surges to 8 1/2-year high after UBS upgrade

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BUZ INVESTORS  Citigroup’s stock surges  Shares of Citigroup Inc. (C), +1.88% shot up 2.1% in morning trade Friday to an 8 1/2-year high, after the moneycenter bank was upgraded at UBS on the belief that the previous bearish case had become less likely. Analyst Saul Martinez raised his rating to neutral from sell, and lifted his stock price target to $64–1% below current levels–from $58. Martinez said his bearish case was based on Citi having less leverage than its peers to the potential positives of lower corporate taxes, faster economic growth and higher interest rates, and greater exposure to potential downside from protectionist policies and other geopolitical risks. Only 43.1% of Citi’s revenue over the last 12 months came from the U.S., according to the a FactSet analysis, compared with 77.1% for J.P. Morgan Chase & Co. (JPM), +2.25% and 86.5% for Bank of America Corp. BAC, +2.35% “This argument is harder to make today,




Citigroup’s stock surges

Analyst Saul Martinez says his Sell rating was based on Citi (C +2.2%) having less leverage than peers to lower taxes, speedier growth, and higher interest rates, and greater relative exposure to potential headwinds like protectionist policies and other geopolitical risk.

Martinez: “This argument is harder to make today … Global growth looks resilient, starkly protectionist policies have not emerged, and importantly, the path forward for structural reforms in the U.S. is not as clear.”

He upgrades to Neutral from Sell.

 

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BUZ INVESTORS Ciena Stock Surges Ciena Corporation (NYSE:(CIEN) stock is surging on the heels of a better-than-expected earnings report that

Ciena Stock Surges, Opening the Door to Much Higher Prices

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CIEN Stock: BREAKOUT

BUZ INVESTORS Ciena Stock Surges  Ciena Corporation (NYSE:(CIEN) stock is surging on the heels of a better-than-expected earnings report that beat on both the top and bottom lines, blowing consensus earnings estimates out of the water. Ciena stock is up 15% on this news, and in the process, it has completed a very large technical price pattern. This completed technical price pattern is now serving to suggest that CIEN stock is set to appreciate by a considerable amount.

Using chart patterns and indicators from a price chart in order to generate a view on a potential investment is known as technical analysis. I prefer using this method in order to generate a view on an investment because the indications that are produced are timely, and timely indications are instrumental in creating an applicable trading strategy. I am so enamored with this method that I have spent nearly two decades applying and building up my knowledge in this method of analysis.

The very large technical price pattern in question is the symmetrical triangle highlighted on the CIEN stock chart above. Symmetrical triangles are special price patterns, and the one on the chart above is the reason why I am excited about the prospect of this investment moving forward.



Ciena Stock Surges

IMG_0053

 

A symmetrical triangle is a price pattern that consists of higher lows and lower highs. The pattern is defined by connecting the respective lows and highs using two converging trend lines. These trend lines represents lower support and upper resistance.

This pattern captures a battle that is being waged between bullish and bearish investors. As this battle progresses, each camp tries to make an advance and the range between support and resistance contracts. This contraction in range causes momentum to build within the pattern, which will finally be released when the pattern is completed. The pattern is completed and a victor is crowned when the stock price breaks above resistance or below support.

This new trend is actually just the next leg in a much larger bullish trend in CIEN stock, and the following Ciena stock chart illustrates this notion.

ciiwin

 

The CIEN stock chart illustrates that the symmetrical triangle is also a consolidation wave within a larger two-wave structure.

This two-wave structure contains impulse waves and consolidation waves, and I refer to this structure as constructive price action. Constructive price action contains the necessary building blocks to develop and sustain a trend.

The first wave is an impulse wave and it serves to propel the stock price in a linear direction. The second wave is a consolidation wave and it serves to set up the next impulse wave by creating the necessary conditions to do so

The following Ciena stock chart illustrates a level of price resistance that is going to act as the next logical price objective for CIEN stock.

IMG_0054

 

This price chart clearly shows that a horizontal level of resistance exists at the $50.00 mark. This level acted to thwart any further progress in 2002, 2003, 2004, and 2007. Breaking out of the symmetrical triangle, coupled with the constructive price action, suggests that this level of price resistance is going to be tested once again. From current prices, this represents a significant gain.

Business Description

Industry: Communication Equipment » Communication Equipment    NAICS: 334210    SIC: 3661
Compare: NAS:(UBNT), OTCPK:(VTKLY), NAS:(VSAT), NAS:(LITE), NAS:(FNSR), NAS:(VIAV), OTCPK:(FXCNY), NAS:(ARRS), NAS:(SATS), NYSE:(PLT), NAS:(ACIA), NAS:(BBRY), OTCPK:(MDDWF), OTCPK:(PRYMY), NYSE:(KN), OTCPK:(ETCMY), NAS:(INFN), NYSE:(GIMO), NAS:(NTGR), NAS:(LORL) » details
Traded in other countries: CIE1.Germany,
Headquarter Location: USA

Ciena Corp is a network specialist providing networking solutions. It provides equipment, software and services supporting the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks.

Ciena is a telecommunications equipment provider focused on optical transport technologies, with clients in a number of industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises worldwide. The company provides equipment, software, and services that support transport, switching, aggregation, service delivery, and data traffic management. Ciena has four reporting segments: converged packet optical, packet networking, optical transport, and software and services.

 

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BUZ INVESTORS PANW Stock Surges Palo Alto Networks Inc (NYSE:PANW) reported stellar earnings after the close of trading on May 31, when it reported record numbers

PANW Stock Surges, Reinvigorating the Notion of a Bull Market

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PANW Stock: Constructive Price Action

BUZ INVESTORS PANW Stock Surges   Palo Alto Networks Inc (NYSE:PANW) reported stellar earnings after the close of trading on May 31, when it reported record numbers that beat analyst expectations on both the top and bottom lines. This stellar announcement caused Palo Alto stock to surge by 13% in after-hours trading, and PANW stock is currently building on these gains as I write this publication.

This surge in price has done quite a number on the company’s stock chart, and what looked like a lost cause has quickly become constructive. The pillars are now in place in which a significant rally can manifest. This constructive view of Palo Alto stock has manifested by studying the company’s stock chart. This method of analysis is known as technical analysis, and it is predicated on using historical price and volume data to define the predominant trend, which is then used to forecast future stock prices.



PANW Stock Surges

panw price chart

 

The Fibonacci retracement numbers are a technical tool that is favored by many traders. This tool is used to identify and define where possible levels of support and resistance can manifest. The most popular numbers eyed by traders are the 50% and 62% retracement levels. The popularity of these two numbers has led analysts to coin the term “the box” to describe this level.

The theory surrounding these numbers is that, after a stock completes its primary move, it will retrace that move by approximately 50%–62% before resuming its primary trend. Traders refer to this price action as “trading into the box.”

The price action that generated this decline to test the box has been quite constructive, and it serves to reinforce the notion that a significant rally can now manifest, based on the assumption that the primary bull market in PANW stock is still intact.

The following Palo Alto stock chart illustrates the constructive price action that has the potential to support a significant rally.

Palo Alto stock chart

 

The PANW stock chart above is a perfect example of constructive price action. Constructive price action contains two waves: an impulse wave and a consolidation wave. The alternation of these waves creates the necessary conditions that allow a trend to remain stable and sustainable.

The impulse wave, which is highlighted in green on the chart above, serves as a wave of progression where the stock moves in a linear motion to advance the stock price. The consolidation wave, which is highlighted in purple above, serves to alleviate overbought conditions in order to create the necessary conditions for a new impulse wave to develop.

Applying this theory to the price action on the chart above produces a possible price objective of $265.00. Let me reiterate that this target is predicated upon the successful completion of the consolidation waves that is currently in development.

The completion of this consolidation wave will coincide with bullish signals from the indicator in the lower panel labeled “MACD.” MACD is the acronym for moving average convergence/divergence indicator. MACD is a momentum- and trend-following indicator that is generated when signal-lines cross. These crosses are used to distinguish between bullish and bearish momentum, which also happens to confirm the type of wave that is in development.

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Ethereum Surges 314% In just 32 days since the launch of Ethereum IRA,​ the digital currency also known as Ether rose in value from $48 to its current price

Ethereum Surges 314% as Bitcoin IRA delivers stellar Self Directed IRA Returns to Clients

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Ethereum is $200, and Bitcoin is over $2,300. Both of these digital currencies started small, offering investors a chance at millions for less than $1.

Ethereum Surges 314%   In just 32 days since the launch of Ethereum IRA,​ the digital currency also known as Ether rose in value from $48 to its current price

BUZ INVESTORS PRESS RELEASE  Ethereum Surges 314%   In just 32 days since the launch of Ethereum IRA,​ the digital currency also known as Ether rose in value from $48 to its current price of $202, delivering investors a whopping 314% return. Ethereum has peaked the interest of Fortune 500 companies and is considered by many investors and traders to be the hottest altcoin on the market right now.

“Our clients are ahead of the curve; they are early adopters eyeing a massive opportunity as Ethereum and others become the digitization of efficiency in our common lives”  Chris Kline, COO of Bitcoin IRA

The weekend rise in Ethereum price may have moved lock in step with key partnerships and developments announced over the weekend. Below are the most common reasons that investors cite to justify a $1,000 Ethereum coin.



Ethereum Surges 314%

The People’s Republic of Chain wakes up to Ethereum

China’s leading bitcoin and altcoin exchange, Huobi announced it would offer Ethereum on Wednesday, May 31st, 2017. Huobi is one of the largest exchange players in China, if not the world. If history is any guide, one just needs to look back to when Litecoin started trading on Coinbase, almost immediately it’s value skyrocketed.

Ethereum and the Trillion dollar Freelancer market

eDEV.one, a remote worker wage payment, and job platform announced its plans to issue a part of its token sale on Danish exchange OpenLedger. Freelancers now makeup 35% of U.S. workers and collectively earned $1 trillion in the past year, according to the Freelancers Union, based in New York City, and the large freelancing platform Upwork, headquartered in Silicon Valley.

Toyota and MIT Partner to accelerate self-driving vehicles

Toyota Motor company has announced a tie-up with MIT to utilize blockchain​ and distributed ledger technology to speed up the development of autonomous driving technology.

Storj Labs raises millions to disrupt Dropbox

The leading decentralized cloud storage provider has concluded a token sale for its Ethereum-based application token. The platform met its goal of $30 million in just seven days.

The fact that Ethereum continues to be adopted by mainstream exchanges, companies, and initiatives signify its long-term value.

In Bitcoin IRA’s first year since launch, the company’s innovative retirement platform has was featured in the Wall Street Journal, Barron’s and Investopedia for making Bitcoin an easy option for retirement investing. It has also expanded its cryptocurrency offering by adding a secure way to invest in Ethereum as well as Bitcoin.

About Bitcoin IRA

Bitcoin IRA is the only Bitcoin-based retirement investment portfolio that allows people to invest with actual bitcoins and ethereum for their IRA or 401(k). The platform works with leading fintech professionals to provide secure, high-quality Bitcoin investments.

Bitcoin IRA offers both traditional and Roth IRA options​, which offer the same tax incentives as regular IRAs and 401(k)s. The company differentiates itself from other bitcoin and ethereum investment products in multiple ways. Unlike bitcoin and ethereum ETFs and investment funds, Bitcoin IRA offers an opportunity for individuals to invest in real bitcoin or ethereum at a much lower fee. Also, investors keep total control over their digital wallets, with no holding costs and the ability to withdraw once the term is over.

Learn more about Bitcoin IRA and Ethereum IRA athttps://bitcoinira.com/

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USDCHF Clawing Back Following Monday’s Break

$USDCHF surges to multi-week tops with Fed minutes in focus

USDCHF surges to multi-week tops with Fed minutes in focus

Buz Investors USDCHF surges The US Dollar is trading at 1.0124 against the Swiss Franc at 10:40 GMT this morning, 0.29% higher from the New York close.

USDCHF

Buz Investors USDCHF surges The US Dollar is trading at 1.0124 against the Swiss Franc at 10:40 GMT this morning, 0.29% higher from the New York close. Earlier in the session, data indicated that Switzerland’s ZEW expectations index rose in February. The pair traded at a high of 1.0136 and a low of 1.0074 this morning. Yesterday, the USD traded marginally lower against the CHF in the New York session and ended at 1.0095. The pair is expected to its find support at 1.0087 and its first resistance at 1.0149.



Other Stories Buz Traders Follow

USDCHF surges

 Switzerland’s ZEW expectations index rose in February

The USD/CHF pair maintained its strong bid tone for the fourth consecutive session and jumped to nearly six week highs on Wednesday.

presently buying and selling around 1.0135-40 area, a follow through greenback shopping for interest, with the important thing US dollar Index touching its maximum level in more than five weeks, has been the important thing element using the pair higher.

moreover, opportunities of quick-overlaying, following a sustained pass above 1.0100 take care of, would possibly have also collaborated to the pair’s robust up-surge thru european trading consultation.

meanwhile, repositioning ahead contemporary key occasion hazard – the FOMC meeting minutes, further irritated the fast-greenback unwinding strain and lifted the pair to its highest level considering December 12.

It, however, stays to be visible if the pair is able to build at the smash-out momentum amid mildly cautious buying and selling sentiment, which has a tendency to benefit the Swiss Franc‘s secure-haven call for.

investors on Wednesday will intently scrutinize the minutes in order to evaluate the chance of a March Fed rate-hike move, which might subsequently help to determine the subsequent leg of directional move for the main.

 

 



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)