goldbug1

goldbug1

Interesting comparison I was looking at before I go to bed. I thought some of you may like it. Just confirms why OMG is the largest holding in my portfolio now. I have compared all of the coins people ask me to review. I may not have posted on them yet, but I do a very quick review. I hit compare and see how it has done compared to OMG. I have yet to see one...

goldbug1 Updated 

Many times charts do not provide us with great EW counts, or other indicators that we use just do not seem to work. So as we have made a nice 50% profit on Kore since out buy, we need to see if we should take some money off the table or there is the potential for another leg up. This you have to monitor closely as we have seem to be entering a sideways movement,...

goldbug1 Updated 

I have been testing various strategies on various coins as you guys know. I'm not a "one fit all" kinda guy. This is the worst kind of strategy, as various coins take on various patterns, and though some may have similarities they are all unique and hence each strategy is unique as well. Some has asked what indicators do you use? The answer is the best strategy...

goldbug1

Today someone posted on my blog that I may have my count wrong and that NEO could correct further. Well I'm not perfect and though I could see a possibility I decided to open up my chart with daily bars instead of 30 minute. NEO has some track record but not much, so it is hard to compare previous movements with current because in the 1 day time frame this is...

goldbug1 Updated 

It's been a few days (four to be exact) since we woke up and realize the market had sold off. Whether it was the China Syndrome or just typical profit taking after some great performances which led to a broader selloff is insignificant at this point. This morning I was looking at four of my long term holdings to see how they performed since the market...

goldbug1 Updated 

Last night we went over the EW TA on GNT and whether you agreed with my count or had a different count shouldn't really matter at this point. I think we can all agree that the cycle had ended, and we were waiting on our indicators to tell us which direction the market is headed. Last night provided that direction, almost. We have received an early signal but...

goldbug1 Updated 

Ok you didn't expect to hear that did you? You expected me to open the doors, break out the beer, nachos and party hats. But not yet! But why in the world would I be selling here? I like NEO from a speculative long term position. It's in my core portfolio. So why would I sell? Well I did not sell any of my core position to be honest. I have said time and...

goldbug1 Updated 

If your new to Elliott Waves, this is probably one of the more difficult graphs to try and figure out. So most will scrap it and say "see elliott wave doesn't apply to everything". Well it does, and it works. First I'm going to say what I use Elliott Waves for. I use them to determine what cycle we are in. Why is this critical one might ask. Well it's...

goldbug1 Updated 

Since many of you follow the news, I want to show how I am looking to adjust my wallet going forward based on the China Syndrome. Now I don't trade on the news, but the news on China showed us something very interesting. Yes this should have hit your radar yesterday when we were tracking several coins like NEO, PAY and OMG. All three were in consolidation...

goldbug1 Updated 

I've seen numerous coins consolidating similarly, and though I thought PAY would be the first to break out, OMG appears to be leading. Fake breakouts happen all the time, so I am looking for the RSI to break 72, and OMG to break the former resistance line. Being it was in a bearish trend we will most likely see it bounce back from the resistance line and back...

goldbug1 Updated 

Pay is trading nicely in a consolidation box, and I have trades in both. I am actively trading the lower into the upper and will buy back into the lower. This is two separate trades and you must keep track of cost averaging. The target levels for the lower box is T1 the upper box T2. I have adjusted my stop loss according to each trade. I am long with PAY so...

goldbug1 Updated 

As many of these coins do not have long histories it is difficult to get a general idea of where we are in different time frames. So we must look to other similar similar coins to gain a gauge of where we are, and moreover where we are going. The chart above, which is based on my interpretation, shows we finished a complete cycle in a 4 hour bar, monthly graph....

goldbug1 Updated 

Nothing like waking up and seeing your holdings down 10-15% and realizing you missed your exit point. What do we do now? I must had 30+ text messages this morning discussing should we get out of the market. My first response was if you think it's going down further sell and go long BTC and then switch the USD, but I asked a simple question, why are you getting...

goldbug1 Updated 

Nothing like waking up to not just one, but several assets getting crushed in the market. But our system was clear that this was a possibility as we previously posted. Yes we had ample warning. We even stated that a pullback could go further than anticipated and clearly marked it on our charts. Since that post NEO went up, so we adjusted our charts and...

goldbug1 Updated 

If your a die hard trader, and I imagine you are if your reading this, there is nothing more exciting then what we saw in LTC the past week. It was like watching the long shot at the Kentucky Derby beat the 2-1 favorite. Not down the final stretch, but from turn one where it just ran away with the show leaving many in disbelief. If you read our blog yesterday,...

goldbug1

Since we posting last week we have had several questions such as "I want to own LTC or ETH what is a good entry point?", "When is a good time for me to get in on BTC I want to own some?" Well based on the graph above, what isn't a good time to own these? We are LONG TERM investors and feel this is one of a few opportunities of a lifetime. To get in on a market...

goldbug1

If you read our posts and are following us, we pointed to where likely retracement levels were going to reverse. We nailed both within 50 & 25 cents each. Not bad for forex commodity traders that just started to trade the crypto market. We also pointed as to how to play this retracement to scalp a few more bones off the this horse. Played out like we actually...

goldbug1

A couple days ago we posted a chart on OMG titled "it's time to back up the truck!!! (well almost)". Well it looks as if the setup is starting to happen and it's time to grab your keys, start the truck, grab some beer, wings, and hotdogs and put down the tail gate! O.K. maybe that's me preparing for the Florida State - Alabama game tonight, (ROLLLLLL TIIIIDDEEE)...