So the insufferable BTC bulls are popping off in the feed once again (a few greenies'll do that). I've been saying for some time that we should see selling into March and THEN once the carnage is complete should we see the next run. I'm all for higher highs but I just don't believe the selling is done. I'm not totally short and I always DCA long when it makes...
Flash wicks engulf!! Been saying this since we had our last liquidation. I'd love to see a "V" bottom and scalp it (possibly Monday / Tuesday) "IF" the SPX 200 EMA holds support and makes a relief / rebound. Again, NOT investment advice here and DYOR. Stay frosty! FB
I've been sounding the alarm on several aspects of crypto for a while now and gotten some pretty laser-ish and scalpy action on a number of calls. So here are a few points that might help you understand the crypto situation as a whole, not just TA but some of the things to keep in mind as we fumble about for market direction : 1. Crypto market is still somewhat...
In the previous idea (Part I) there was a strong indication that we might see prices move along the trajectories indicated in my charts and my levels were pretty close. I didn't expect the SPX (chart below) to hit the Honey Bucket as quickly as it did and the effects on Bitty aren't as profound as expected which indicates something propping the crypto giant up a...
I haven't been posting many ideas these days but here's something worth a look . . The 50/200 EMA for XRP looks ripe for a death crossing after the most recent scam wick liq. I had some tasty buys that filled below $0.50 and always have the mindset that flash wicks are a norm in crypto. You can never really go wrong with having a few outlying orders parked and...
Unless you're buying with cash, good luck getting a loan when the Fed is done with it's wrecking ball. See you at the bottom :) Disclaimer : Not investment advice.
I moved another trader profitably out of TSOI on the last run and waited for it to base the Honey Bucket before buying in myself. This stock is a beauty for pump action and I suspect that whoever is moving it, either wanted to take a year end loss and then re-accumulate or bears had it by the short & curlys, dunno. I care less about the fundamentals on stocks like...
As I've said in previous ideas, those long flash wicks down, tend to engulf and the last long wick was no different as we're seeing trade activity explore the lower breach. I'm neither bull nor bear as I take scalps on any action up or down BUT I see regulatory issues becoming problematic for crypto as a whole and the weight of dark pool liquidity being used to...
Sounds like it should be a Gil Bellows movie. I've had good times scalping BTC but haven't posted on it for a while. It's messy but so are the regulatory issues underpinning all of crypto right now. Fear / Greed Index = 10 at the time of this post and people holding their breath long and short. I personally avoid trading "the middle" and prefer setting outlier...
Seriously?! look at that rise. Are company stocks REALLY worth these levels of valuation? Would love to hear discussion on this.
I've been toying with this one a bit. Good sector (clean energy . . if you believe in that sorta thing), improving earnings (still not great) but the technicals show an uptrend, 50 and 200 EMA's in play with clean Fibs and some harmonic action potential. I've dropped my entry and exit points (Not Investment Advice) but DYOR for what could be a juicy % within a...
. . Walk into a bar . . :) All kidding aside and this is by no means investment advice but we've got two possibilities here. One could easily apply a Schiff pitchfork to the upside and be correct BUT, given that they missed earnings estimates with a -24% downside surprise and given the history of Netlist filling gaps, I'm gonna err towards the logic applied when...
I mainly trade crypto but after having seen some parity with Bitcoin and SPX, I figured I'd drop this and see what comes back up. Would love to hear feedback on it but my general sentiments are that this thing looks toppy as H E Double Hockeystick!! I recently saw that margin debt is at an all time high, stocks as a % of household financial assets is also at an...
Not financial advice but I've been working with an associate to "resurrect" his squashed grapes of a portfolio and TSOI has already doubled it's portion of the equity in that account. Without getting too deep into it, the FIbs are pretty reliable on this OTC stock so DYOR, dive in and swim!! Good luck!
Looks like we may get a golden crossing of the EMA's on XRP here as the bears do what bears do every time this beauty tries to shine. As a long bag HODL'er, I've got a personal stash that I'll literally hold to zero, no me importa, but maybe the Jed effect is in play as we battle over the $1.00 line. I'd like to think that top wick will engulf but we've got a...
So the Harmonic "sort of" printed but man Bitty has been on a rip! Of course, when exchanges (Bye Nance) limit derivatives (shorts, etc.) for more territories that should tell us that whales need stable exit points ;) Regardless, just grabbing some low hanging fruit here as we see a possible golden crossing of the EMA's. Of course, as history shows, Bitty cares...
So my personal strategy here is a quick scalp at current level (can see my grid) and then if it breaks the pivot (Cup & Handle looks like a reality) I'm eyeballing a stop order to buy back in on breakout to maybe run to $1.65 or so. Don't care what people think of XRP (love it or hate it), I trade to print gains and that's it. Will grab a small DCA short on Bitty...
So the current run has been pretty sweet (since I've got several long term bags myself) . . BUT . . I'm not crazy about these volumes nor the possible overhead selling pressure up top. Take a look at the most recent similar capitalization level push from last Spring and compare it's volume to the volume now. There's a lot of volume going into the peak levels as...