JJMa

JJMa

I know I'm not the only one that noticed this developing over the last week as price hit the low, rebounded and then corrected once more. Set-up is now very legit, very legal, and very cool (yeah, I actually hope that triggers a few of the right people, others will just have a sense of humour about it and understand irony). Nonetheless, if Inverse head and...

JJMa

Insert whichever narrative you like, problems on line 5, oil ripping past 60$, or there is a gap near 43.00. I would like to buy more ENB, but I would rather buy nearer to 40/43 where the yield is much better and it would not push my cost average to much higher. Also that wick-up that occurred a few days back. Doesn't always happen, but I find in many markets,...

JJMa

Not saying this one is "special" to me, but I think I will always remember the day on March 20 (three days before bottom) when I bought my first 9 shares of XOM at near 30$. Not sure where it goes, but I can see myself continuing to hodl my now 100 shares for a while. As always, I should have bought more while down there, but DCA as we've gone up and down has...

JJMa

Have been employing DCA on this one, not huge money but it should never be huge money as per money management rules. Bitcoin, Ethereum and the entire cryptocurrency market has taken a 2017-2018 move down in dollar terms, but not by percentage terms. A good time to buy a little bit of everything is right now. There is no guarantee that we don't go down more,...

JJMa

Probably sideways for a while, maybe drift back up slowly. Couldn't hodl 50K which is fine, high 40s is a good figure to accumulate right now, possibly will see some alts appreciating in the next few weeks. Not selling anything as of yet, but I might start taking staking rewards and purchasing more BTC if the exchange rate is favourable. Will be looking at the...

JJMa

Before anyone gets too excited about the rip that just happened. Careful if leveraged. Downside still possible. There will be politics involved this week.

JJMa

This area doesn't get reclaimed in the next day, I would say prepare for BTC down into the 30s, I have seen some analysis pointing to a retest of 30K. That would be ugly, but I can't rule it out just because it doesn't feel good. Great time to be advising friends, etc, who haven't bought any would be to start deploying small amounts of cash at these levels, and to...

JJMa

So this is what happens when you hem and haw and sit on your hands and wait like an idiot to buy in. -25% Down on BTC over the last week. If you sat on your ass and engaged in hand-wringing while watching the thing go up 10x before you decided to buy, you get -25% on your investment, and you deserve it. Also I am almost willing to bet that aside from short...

JJMa

Short term bearish, but if that is a broadening wedge superstructure, then we may go down a bit at first, but the rip higher should clear recent activity. Also depends on what happens in Equity markets on Monday, I have a feeling though, with stimulus passing, being short will be short term lucrative, but I would be using tight stops and don't forget to buy back...

JJMa

Hopefully when shorts try to drive it to break that channel to the downside, the damage is not too heavy. When I say it is looking bearish, doesn't mean I want it to go down, but it is looking like 44 or lower might get tested by tomorrow in the early am.

JJMa

Now, we see if she can hit previous ATH. For the record, I am not "trading" I have a decent amount of ADA but I have it staked, and to be honest, it is a comfy hodl at this point. My Cost average is btw 0.04-0.29 so I think I'll just keep my position as is and collect a staking reward, which I may periodically sell of for more BTC, but in all likely hood, why not...

JJMa

Don't have time to do any analysis, I am currently on a laptop while replacing a component on my Desktop, where I do 90% of my work. I will revisit once I'm up and running. If you bought low, that should be safety enough for you, but don't be surprised if we see much lower. I am not selling anything, this is not my first bear encounter with Bitcoin. It is also not...

JJMa

This chart illustrates the dangers of ALTs vs BTC. Now, I personally consider ETH a semi-alt. This also illustrates the dangers of having an extreme view when looking at the market. About a month an a half ago, I noticed the amount of posts on twitter, the ideas on tradingview having an extremely lopsided view of ETH vs. BTC. "ETH gonna flip BTC," or "ETH gonna be...

JJMa

Just enjoy it, seems bullish to me, another attempt at 50K perhaps. If it falls, corrects be ready to buy. I'm trying to stay unexcited because when ever I get excited, it doesn't.

JJMa

Working on topping previous ATH, this time I am not excited, so I won't jinx it...I still see a serious defense of 50K buy the bears, or somewhere thereabouts, but I have no crystal ball and I am not looking to call a top or do anything so presumptuous.

JJMa

Up or Down, I can see both happening, but I can see a grind up if the latest channel I've put up holds true. More than likely a slow grind if we go up and then in the morning, the bulls take a shot at 50 would be my rough guess. A correction would be good and healthy as well. I'm about done for the night. Has been quite the week.

JJMa

Not saying sell all your Bitcoin for alts, that's crazy, but if this Head and Shoulders proves true, Alt Season will start picking up steam...possibly a good opportunity for those looking to harvest Alt profit into BTC. There is also the possibility that we see a double bottom here. I am not making changes at this time as I am currently quite well balanced in my...

JJMa

We might get a base developing - a floor or what appears to be a "floor" on price. Often this can serve as a means for a meaningful bounce, I may start converting a little soon, but I prefer to wait for a capitulation move to make a bit of conversion back into ETH worth the time and such. Disclaimer, I still maintain a strong position on ETH and have a positive...