edutradinguru

edutradinguru

Hi everyone, I am exploiting this weekend of quarantene for listening to music and reasoning about markets. When they are closed it is perfect as I can focus on details and reason with cool mind. "Make sure before you get in, you know the insurance won't cover this" as Marylin Manson says in one of his songs, is exactly what came to my mind when I think of...

edutradinguru

I don't know guys, we broke a structural trendline helding from 2017. We are currently at 56bn cap for altcoins, below 40bn there is literally a dark fall. Is it just me or this does not look very promising for altcoins? To be honest with you I am a BTC maximalist, I would not care much about all other 2000 cryptos disappearing, nonetheless there are other alt...

edutradinguru

Hello, as you know, I am shorting BTC from 6700, the first target has been reached, but what can be a second one? In the linked idea I mentioned below 5k and 4k level as extremely bearish level just by looking at supports and resistances, but looking at other indicators probably it will be higher. A retest of the 100bn market cap level is likely, and considering...

edutradinguru Updated 

Good evening guys, Beyond TA, and to just give a bit of colour, the reaction gold and markets had just after the FED Bazooka announcement were, imo, exaggerared, or better it discounted immediately the whole upside for following months in one single day. At the moment, many seems to expect that in 2 weeks everything will start immediately I expect that what we...

edutradinguru Updated 

Hello guys, taking a look at longs charts I saw an interesting conformation of the graph that confirms our Medium term LONG view on our beloved Bitcoin. Let's see why, but first let me answer a question that you guys may have. Why aren't we looking at the shorts graph? Because shorts are typically non that indicative to guide us throught a trend as short...

edutradinguru Updated 

Good evening, I was looking at BTC number of daily transactions today. I always considered it a good indicator of the phase we are in, and they are useful to predict btc movement in the longer term (it is not an immediate indicators, movements can occur many weeks later). In general, I consider a level >300,000 tx per day as a bullish sign. In the last few days...

edutradinguru

Hello, here another great pick in the stock market (in the link attached you can find the #1, they are not presented in order of preferences). It is Benefytt, a telemedicine broker company that provides low cost insurance and organizes doctor and nurses visits at home. The aging population and the quarantene will probably help redirect the eyes of people towards...

edutradinguru

I am short BTC as indicated in the linked idea below, but if wrong at 7200 I will open a LONG to 8000 (where all MA are). It is very tough to decide a direction for cryptos, volatility decreased dramatically and BB are really narrow on the hourly TF, meaning that the market will pick a direction soon with an "explosion" as only crypto can do. Today just XMR as...

edutradinguru

Hello guys, I want to show you an undervalued stock . Funnily enough, it was considered as overvalued months ago at 90, but at these prices it is very attractive. I do not think we touched the bottom in SPX, and even if it does, markets will drag sideways for a while: confidence in investors has to be restored, and it won't happen overnight. So exclude a V shape...

edutradinguru

always look at BTC market cap as supports and resistances in the BTC price graph can be not so precise as the total amount of bitcoins circulating increases wih time. We are on a strong resistance level that shows another potential signal for a short term short

edutradinguru Updated 

Hello everyone. Today's view is obtained by reversing usual apprach of looking at the price and only then search for confirmation in other indicators as the dominance. Since it seems the sentiment is confused by the current btc price behaviour, le's reverse engineering the reasoning. Dominance is decreasing since March 2019, got rejeceted many by the upward...

edutradinguru Updated 

Hello guys, today I wanna talk about a cheap way to short the market, or to be insured againts a drop, without be forced to spend a lot of money (try to short spx or sx5e or even buy a put option with a 1year maturity...) or leave a huge amount freezed for months as margin. This is the future on dividends of 50 biggest companies in Europe. If they go well, they...

edutradinguru

As mentioned in the previous idea, for Gold to go up we need 2 factors: 1 - market crash from hyperinflated values 2 - fed intervention in the form of rates cut / quantitative easing to make it attractive I would not consider what happened to gold before 2006, when it seems that it is perfectly correlated with spx, simply because in 2000 an ETF on gold was...

edutradinguru

Hello everybody, amid easy enthusiasms about safe heaven assets, I want to show you what a store of value, namely GOLD, did during the last crisis, which can apply also now. This time we have another instrument, Bitcoin, that was not on earth back then, but I consider as another option as safe asset. I already explained in the previous update that the...

edutradinguru

Currently Bitco and all other markets are suffering a lot. Lets be rational and analyse the situation. We probably all minimize the impact of global health issues, but with many economies shutting down and many other to come (US is still in the initial phase), I think that this is just the beginning. Bitcoin and Gold are a store of value, a good investment...

edutradinguru

Hello, I am noticing that as far as more data accumulates on the BTC1! history, the futures becomes more and more important and worth of a check, not only for gap filling analysis. Weekly and Monthly TF are not that data rich yet, so we just look at the Daily timeframe. The biggest difference between any BTCUSD chart and BTC1! is the moving averages. This is...

edutradinguru

Bitco follows a recurring path that accompanies the price to the halving date. Timings are not that precise, and we just had two halving before the third expected for May 20 so we do not have many data to rely on, BUT the plot has been the same for now, and the first part of it is being confirmed also this time. The graph do not shows data prior to 2016 so I can...