About 80% of the investments in the trust, which now manages $38.5 billion, is from institutional investors, Grayscale disclosed at the end of last year’s third quarter. ***COT data is showing Longs of (5 Bitcoins) 2,335 & shorts at 7,144. The discounted shares in the trust suggest that institutional investors are rushing to sell shares in the trust, perhaps...
Elliott wave is a great tool to have in your arsenal - I have been asked more and more about it recently. So I wanted to share a simplified breakdown. Of course it can be complex and detailed, it also requires constant tweaking. The Elliott Wave Principle posits that collective investor psychology, or crowd psychology, moves between optimism and pessimism in...
Happy Holidays all - 🐣🐥 After writing a few educational posts recently, it has been interesting to see the comments & DM's. Years ago we set out training traders the basics; we called the trades "starbuck bets" the idea was for some people, extra money each week was what they were looking for from trading. For others it was extra money for a daily coffee on the...
Standing on Its Own as the World’s Reserve Currency In 1944, delegates from 44 Allied countries met in Bretton Wood, New Hampshire, to come up with a system to manage foreign exchange that would not put any country at a disadvantage. It was decided that the world’s currencies couldn’t be linked to gold, but they could be linked to the U.S. dollar, which was...
Enjoying the moves recently and very very interesting to see the institutional transition. Giving 9 out of 10 calls are still "moon shots" I feel the Elliott formations/Wyckoff structures are starting to look to be in play. Going all out on a limb. I would like to see from here, a liquidity grab around $30k, or on the next confirmation long is a break and retest...
Elliott Wave Post 2; after writing the first post I have received some questions. So I thought it easier to write a follow-up post here showing some tricks. To be clear, I am not an Elliottition as a whole, I use it as part of a wider strategy on the monthly and weekly timeframes. But also we have access to an automated Elliott wave tool. The Elliott wave logic...
Less of a Long/Short call and more of an interesting view on the market in terms of crypto. For more info see the posts below (Related ideas) where they are more in depth. This indicator is showing the Total Crypto Market Cap, Bitcoin & the Alt market - Correlation and divergence. 30 days - Alt Correlation of some of the top coins; Feel free to request a...
The secret is there is no secret. When trading Elliott wave moves (4) can often be the most complex, and unpredictable. Wave four is typically clearly corrective. Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three. Volume is well below that of wave three. This is a good place to buy a pull-back if...
Why you should absolutely do your own analysis – It doesn’t matter if it’s fundamental, technical or purely going off the price action. People will argue this, that and the other – everyone has their own opinion, and that’s fine. But when it comes to trading there’s nobody who knows you better than you. I love reading posts that say – “don’t forget to like and...
Correlation: Positively correlated variables like to move together, negatively correlated variables move inversely to each other, and uncorrelated variables move independently of each other. Quantifies the estimated strength of the linear association between two variables. It ranges from +1 to -1. 0 indicates no linear correlation. Given the whole Buzz on...
After sitting in on one of @scheplick live streams last night. It got me thinking about starting a discussion with the community on tools used outside of the conventional methods. Comparisons, or using other instruments to calculate/forecast other aspects of your trading. Sure we can use things like Interest rates or 30 year bonds, take a measure of curves in the...
The issue for many new traders is understanding the correlation between timeframes. We often get caught up in indicators, news hype, chat room posts, and various other things. One of the biggest challenges I see when talking to new traders is simply the lack of "experience" in reading multiple timeframes. This causes confusion and even self-doubt. The issue with...
As per the last call - Bitcoin has had its move up. Check the link below. Here are a few reasons for it to drop - Don't get me wrong, I am still very bullish on this as a whole. But as a trader, we can rise these moves both ways. COT data still shows a net short position for BTC - making this a possible Bull trap breaking the ATH. In addition to that - step...
I have recently had some questions on some of the basics such as moving averages. First of all, there is some great free content out there via sites such as Babypips I wanted to share some simple info to at least explain what a moving average is. Where it is used and what are the types of. Moving average is a simple, technical analysis tool. Moving averages...
Literally, whales jumping in on Bitcoin. This is not an analysis of any sort. Was using the Polyline tool on another pair and thought I would try it on the highs and lows of Bitcoin. Too much time on the charts! that's the issue. Anyways, a little bit of fund I found Ironic! All you need is a smile! Disclaimer This idea does not constitute as financial...
Revisiting the Gold moves lately, It respected structure basically to the cent. Looking at a shorter-term retest of the low - stochastic and Quadratics show this is a plausible scenario before we go North again. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’...
Quick and simple long move here up into the zone. A lot of other reasons for the move, including retail sentiment and overall COT bias. Shorter timeframe than we usually trade these moves. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s,...
After my last couple of posts, I want to ask the question rather than just throwing ideas out there! What aspect of trading do you fear? Why? What do you think you could improve on? Anything!!! Be interesting to see comments. Personally, I can overanalyze and talk myself out of good setups. I've also been knowing to jump in trades too early. This could be...