BTC rebounded impressively last week, creating a bullish engulfing candlestick in the process.
The RSI has generated a hidden bullish divergence, a strong sign of trend continuation.
If so, the two most likely targets for the top of the entire impulse are located at $81,300 and $102,300.
The declines followed a retreat Friday on Wall Street, where the S&P 500 gave up 0.7% but still closed out its best month so far this year.
Taiwan Semiconductor Manufacturing Co Ltd expects to be able to catch up with the “minimum requirement” of customer demand for auto chips by the end of June, its chairman told U.S.
Warren Buffett’s Berkshire Hathaway Inc said on Saturday its earnings are rebounding from the worst effects of the COVID-19 pandemic and that it has extended its aggressive stock repurchases with $6.6 billion of new buybacks.
While he acknowledged the world is shifting away from hydrocarbons, people on the extreme sides of either argument are “a little nuts,” he said.Greg Abel, chairman of Berkshire Hathaway Energy, called climate change a “material risk.” He added that they’re setting targets and spending $18 billion over 10 years on transmission infrastructure.Killer SPACs:Buffett warned investors that Berkshire might not have much luck striking deals amid the boom in special purpose acquisition companies that gripped the market over the past year.“It’s a killer,” Buffett said about the influence of SPAC companies on Berkshire’s ability to find businesses to buy.
BP, Shell, Total, Exxon, and Chevron all posted big earnings for the first quarter of 2021 buoyed by a return of the price of a barrel of oil to pre-pandemic levels around $60 per barrel since early February.
Over the past five months, Royal Bank of Canada , Toronto-Dominion Bank and Bank of Montreal, have announced plans to achieve net-zero emissions, but lacked details including a definition of that goal, interim reduction targets and plans to move away from traditional energy sources.