thetravelingbachelor

thetravelingbachelor

There's been a big sympathetic bullish move on BTCUSD recently, very likely related to the move on FB to legitimize cryptocurrency with Libra. It's kind of ironic, because near total control by a massive corporation like FB of a cryptocurrency pretty much goes against the very basic fundamental idea of what an ideal cryptocurrency should be: A form of digital...

thetravelingbachelor

Wow....What a volatile 2018! Hope everybody and their investments didn't get hurt as bad as they could have been. Looking back on my old charts, I'm reminded that about a year ago, I called the top in Bitcoin () and the correction/drop in the market early February 2018 (). Most of my calls this year came true...Could be total technicals #beginnersluck, but I'm...

thetravelingbachelor

Sooooooo....That hurt....(some of us, not so much others). My last technical call/idea (see below), that a descending triangle in DJI that had broken downwards on 3/20 would lead to a sell-off after the 3/21 Fed announcement was fairly accurate...Although I had no idea that it would be precipitated by crazy announcements about tariffs, trade wars, FB scandals,...

thetravelingbachelor Updated 

It's been a rough and volatile month from mid-Feb til now. Both Bulls and Bears have been right AND wrong (including me), but what is clear with time and charting is that both buy-backs and sell-offs have been increasingly triangle range-bound, at least in DJI...but with lower highs and higher lows. Although I was wrong about the immediate direction of DJI and DIA...

thetravelingbachelor

Ever since the market selloff in DJI, NASX, SPX starting 2/1/18, both the selling and the buying in the market has been ridiculously intense for your average complacent retail buyer (including myself). After months of easy steady profits, climbing slowly upwards, suddenly volatility has skyrocketed and also plummeted with stomach-churning speeds. All the bullish...

thetravelingbachelor

Another attempt at a call, since my last Bitcoin bearish call to short (or at least not buy) at the end of December 2017 came correct (See My Last "Idea" Below). This time, I've been slowly looking back at a historical analysis in 2017 (and even beyond) of times that the bullish market had very bearish indicators flashing. Earlier this year in April 2017 and...

thetravelingbachelor

Bear with me (no pun/pun intended), as I'm a fairly newbie chartist, but I've been pretty good with it and profitable lately, AND I've been trading Bitcoin since 2015 when it was $400 a share. From my standpoint, historically there is a support line at $12500-$12700 for Bitcoin. Since the peak at near $20K just before the second set of futures went live on 12/15,...