{"id":45535,"date":"2018-02-20T14:42:46","date_gmt":"2018-02-20T19:42:46","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=45535"},"modified":"2018-02-20T14:43:15","modified_gmt":"2018-02-20T19:43:15","slug":"bitcoin-mounts-comeback","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2018\/02\/bitcoin-mounts-comeback\/","title":{"rendered":"Bitcoin Mounts A Comeback"},"content":{"rendered":"

Hello traders everywhere. Bitcoin mounts a comeback and is on the rise for the ninth day in the last ten pushing through it's 50-day SMA where resistance had been located. Is this the new level of support? It's too soon to tell, but after rebounding off the 200-day SMA, it very well may be. <\/p>\n

After a crash in January wiped out all of Bitcoin's gains from its record run in December it found support in mid-February at the 200-day SMA around the 7,800 level. Since then it has traded in a tight range before breaking out today and issuing a new green weekly Trade Triangle. <\/p>\n

That drop coincided with statements by many analysts and market watchdogs that seemed to offer implied acceptance that the assets won't be regulated out of existence. <\/p>\n

Still, until regulators gain a better grip on them, digital currencies will struggle for broader acceptance in mainstream finance and media.
\n\"Bitcoin<\/a> <\/p>\n

Wal-Mart Disappoints<\/h2>\n

Wal-Mart (WMT) is experiencing its largest intraday percentage fall in more than two years. The move down comes as they reported a lower-than-expected profit and posted a sharp decline in online sales growth during the holiday period. Its shares slumped 9.4%. <\/p>\n

Other retailers including Target (TGT), Kroger (KR) and Costco Wholesale (COST) fell between 1.3% and 3.7%, dragging the S&P consumer staples SPLICES index down 1.62%. <\/p>\n

Key Levels To Watch This Week:<\/h2>\n


\nS&P 500 (CME:SP500)<\/a><\/strong>: 2,872.87
\nDow (INDEX:DJI)<\/a><\/strong>: 26,608.90
\nNASDAQ (NASDAQ:COMP)<\/a><\/strong>: 7,501.58
\nGold (NYMEX:GC.G18.E)<\/a><\/strong>: 1,354.00
\nCrude Oil (NYMEX:CL.J18.E)<\/a><\/strong>: 61.43
\nU.S. Dollar (NYBOT:DX.H18.E)<\/a><\/strong>: 90.45
\nBitcoin (CME:BRTI)<\/a><\/strong>: 6,194.46<\/p>\n

Every Success,
\nJeremy Lutz
\nINO.com <\/a>and MarketClub.com <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hello traders everywhere. Bitcoin mounts a comeback and is on the rise for the ninth day in the last ten pushing through it's 50-day SMA where resistance had been located. Is this the new level of support? It's too soon to tell, but after rebounding off the 200-day SMA, it very well may be. After […]<\/p>\n","protected":false},"author":41,"featured_media":45536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[9163,9281,6249,9202,9267,6320,6319,9203],"class_list":["post-45535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-videos","tag-bitcoin-cmebrti","tag-crude-oil-nymexcl-j18-e","tag-dow-indexdji","tag-gold-nymexgc-g18-e","tag-gold-nymexgc-j18-e","tag-nasdaq-nasdaqcomp","tag-sp-500-cmesp500","tag-u-s-dollar-nybotdx-h18-e"],"yoast_head":"\nBitcoin Mounts A Comeback - INO.com Trader's Blog<\/title>\n<meta name=\"description\" content=\"Bitcoin mounts a comeback and is on the rise for the ninth day in the last ten pushing through it's 50-day SMA where resistance had been located.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2018\/02\/bitcoin-mounts-comeback\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Mounts A Comeback - 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