Being one of the first retail companies to accept cryptocurrencies as a payment, Overstock.com’s stock greatly appreciated during the crypto bubble of 2017.

However, it took a hit from two directions later on. First, its competitor, Amazon, took no prisoners in the retail category. Then, the burst of the Bitcoin bubble took any advantages away from Overstock.com. But now, it seems like things may be changing.

chart

 

After Overstock’s tZero announced the launch of its new crypto wallet and exchange, Overstock.com’s shares finally broke above the daily Ichimoku Cloud.  The future cloud is bullish and technical analysis is indicating a bullish reversal Saucer Bottom chart pattern. For more on Ichimoku strategy development, don’t forget to grab the PDF version of my book, Ichimoku Secrets.

For my forex trading signals, visit your membership area on the PIG.

 

 


 

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HIGH RISK Investment Trading forex (also known as foreign exchange or currencies) on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, risk appetite, and the amount of your expendable income. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should ONLY invest money that you can afford to lose! You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex Diva Trading Opinions Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and education, and does not constitute advice. Forex Diva will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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