Stop buying the old school boomer rocks. 😡
Its a mechanism by which the wealth of millennials are transferred to the boomers who bought their bags cheap.
Dont get dumped on.
Buy bitcoin, and dump on the boomers. 1 BTC = 100 oz Gold. Send it.
So the pet rocks have finally broke out after 2 months of consolidation.
4:1 risk/reward trade from here. Long with stops, ride it.
Seeing pretty much the same picture for silver:
Also for XAUEUR, but a much much clearer chart:
Bulls are alive if it can re-take $7000, with a break of that falling wedge.
If it gets below 5.5k (excluding flash crash), perhaps you should start re-accessing crypto as an asset class. Its going to be another year or two of bear nuclear winter.
Good read if you're in for the long haul: messari.io
Nothing unusual, no demand here. Who tf cares about block halving in 1/3 year from now?
Shit gonna do its job clearing the overhang of longs, and the chart clearly speak volumes about the amount of buyers here.
Break below 7.7k and its waterfall. Empty volume profile.
6% stop loss, 26% reward. 4.32 r/r.
Don't bother buying the falling knife for now.
Weekly double bottom
Above daily 200/50 moving average or a cross
Price breaking out of prolonged sideways range
or railway track price action i.e ||||||_||||||_||||||||||||||||||||||
if you must or have to buy alts right now, remember to take profits on every bounce (10~40%).
Similar short setup as $TRX and many other large-cap alts.
$XRP breaking down from a pennant consolidation.
2:1 risk/reward trade, move your stops once it confirms further breakdown.
BTC dominance is still trending up strongly, following the trend is always the path of least resistance.
No reason to be buying ethereum here, as the primary uptrend since December 2018 ~ June 2019 have just been broken.
Below 200/50 daily moving average
$200 resistance level
Consolidating for the next move down
Bitcoin block halving in the fall of 2020
If you're in for the long term, you can always wait for it to break above 200/50 daily moving average...
24x long here with bitmex, stops at $9300. Let margin call be your stop loss. Hold it all the way to 15~20k.
The risk/reward of entering is beyond redemption.
FED rate cut tomorrow, first time in bitcoin's history.
Bulls only need to go sideways to breakout, bears will have to drill it down $700 to 9k and still no guarantee of breakdown.
For the bears:
Is the tail is wagging the dog or the dog wagging the tail?
Notes on the chart, you need to understand basic technical analysis.
The only reason Tether is able to keep its 1:1 peg to the US dollar is with its redeem-ability to the US dollar at any time. No single entity is able to defend against market forces by simply 'spoofing' USDTUSD pair.
Tether can be both...
Sell on the short term on the broken long term trend line, including the possible Q4 market wide correction on trade wars..
A buy of a lifetime anywhere near $120~200 if the company still survives from a lower stock price and do not get drowned by debt.
(At this point, I AM not shorting . It is simply too risky, just keeping a lookout for a buy)
just a dream~ continue stacking every month ;)
its a multi decade journey...
If the price of silver follows the monetary base, we should have a silver price of $61.6 right now.
Gold silver ratio:
Just buy physical Silver here, and close your chart.
Come back in 5 years and flip your silver to gold. Repeat that process by flipping back to gold once the ratio hits 80 again,
I'snt it easy? You've just found yourself a trading strategy for the rest of your lives.
You dont have to trade a lot to achieve the same returns as the actively managed funds out...
Every hedge funds and their wife, dog, cats, kids are short bonds.
Everyone is trapped in the narrative of the FED's rate hike.
The bus of short 10 year treasury is full. Its time for a train derail.
In a risk-off environment, do you think the FED will ever hike rates further?
Adding another level of uncertainly is the...