MrRenev

MrRenev Updated 

Hi I don't usually show FX volume but here I think it's maybe interesting. Same with Oanda: Not with futures thought: Majority of retail noobs are long which I don't like but makes sense I guess. Always trying to fight the trend... I guess maybe expect them to close once the price gets close to breakeven? And price would hesitate. I don't see a reason for...

MrRenev

Mainstreet never talks about silver "How to survive a depression, buy gold!", all the baddies on tv youtube etc are encouraging the baddies that watch theml to buy gold. So it goes way up, and silver doesn't do much. Silver is approaching a multi year support might bounce Gold is there: Silver buyers trying to outsmart the herd are probably wasting their...

MrRenev Updated 

This is going to be an expensive lesson about derivatives correlation, macro economics and international politics for Crypto Investors. Trump halted travel with europe 10 hours ago, and since then Bitcoin dropped 30%. 30% in a few hours. Safe haven to hedge against an economic crash. First China had a ban, Second Europe. I remember seing his announcement 10...

MrRenev

Hello, I wanted to write about these 3 subjects, I have alot on my mind but I'll try keeping it compact and clean. 1- Ultimate Ignorance * People are persuaded the stock market will always go up. Why? They expect to all become rich with absolutely no effort like magical money will just appear in their pockets. Even a woldwide index isn't completely safe,...

MrRenev Updated 

This might be it. I've seen a video recently "A Guided Meditation for When the Stock Market Is Dropping" Loved it. A video to help reassure and relax bagholders. "The market always goes up over time" I keep hearing this over and over and over. It is so absurd, so stupid, but every one keeps repeating it. Complacency much? All these investors need a harsh...

MrRenev Updated 

Simple pattern. And all it takes is a 7% winrate or more for this to be worth it. The odds I think are much greater than a lousy 7%. Not the first time BTC responds to fib... Even on lower timeframes (not as strong of course): And of course, on the higher TF it's even better: Even if we remove those that bounced out of the exact area pinpointed, that...

MrRenev Updated 

A little update on my last post as I have had more confirmation of my claims since then. About people irrational minds. Sounds all textbook all of this "mass hysteria" and people might think real life isn't that stupi but it is. After telling someone his not hearing of the word CoronaVirus did not make it worse than the flu and ebola, I was just mocked for...

MrRenev

What is this.???? If the dollar dying because of coronanonsense, then why? Everything is jumping around randomly. Well at least things are moving, brings us closer to reversal areas eventually it gets there. Crypto investors found out about Forex? Every thing going in all directions for no reason. Stay away.

MrRenev Updated 

Making it a bit more clean: In the short term: Also want to look at this: Can go up again... All the catalysts to go up are present, for the next couple of weeks. Anything can happen thought. I would not be myself if I did not post such a chart:

MrRenev Updated 

Europe can't afford much according to its bureaucrats. There has been a vote over "do we spend lots in 2021-2027 or nots" and big surprise 4 of the few countries that are net contributors to the EU are strongly agaisnt it, they have been called the "frugal 4" (Sweden Austria Netherlands Finland). And another huge surprise: "The Beja summit Joint Declaration was...

MrRenev Updated 

While the emotional crowded is full focussed on the S&P, CoronaVirus, Crypto, "exotic" currencies are all dropping hard. Economic slowdown ==> The poor end up in the street first. Turkish people really hate it when I call their country a third world country. They are in denial poor guys, and have been for decades. Just the way it is not my fault. Parts of europe...

MrRenev Updated 

Already talked about this before. It is ACTUALLY happened. This Bitcoin... doing it's show, trolling... And I may add: It can't just keep doing this forever infinitely, a choice has to be made soon. We are 2 months away from the Halving... I got the feeling this year will be contained once again. Well anyway, for now that's a 10% move up. On other...

MrRenev Updated 

If this is a sell the rumor buy the news thing then EURUSD might bounce soon as economic data was released (for germany) and was bad, it's at the bottom of the channel too. But idk... I would not buy. Keeping most of my trading accounts in USD myself for now, since early 2018... Looks like it is about to crap itself big time. Probably a bit of hesitation...

MrRenev Updated 

Remember when I said a few months 80% retail traders were short DJI & SPX? Well they kept hodling to their losers, and probably adding to them. Well... this week shorts have dropped by 30 to 40% and now there are more longs. They held onto losers forever, and then exited the very WEEK the price went down! Breakeven bagholders. The typical really dumb bad...

MrRenev

"Bitcoin is like the early internet" we hear that sentence over and over. The convenient thing is the internet and crypto, as we know them, both appeared the same year, in 1983. So how about a simple side by side comparison? * Note I have strongly overstated crypto adoption to make it visible. As you can see, adoption wise, crypto is indeed like the early...

MrRenev Updated 

Every site book or video introducing what trading is says the same: The number 1 threat is being emotional. I agree, but I would be more clear and call it being irrational, or better, having a reptilian brain. "Being emotional" sounds like someone getting all hysterical, that's not how traders fail, they fail because they got caught up in the hype, get scared of...

MrRenev

1- Do not short one of the most shorted stocks of all times There was more than 30% of the float shorted, one of the most shorted stock ever in term of dollars or percent. So many short sellers in Wall Street. What did you think would happen? Anything above 10% is too high in my book. 2- Short squeezes can be huge, there is not level where "it has to stop...

MrRenev Updated 

WHAT IS GOING ON???? Imagine shorting gold kek lmao End of the parabolic move thought? Looks like the last one that ended a bit higher Gap could get closed, could. Idk why people fade gaps when it explodes like this, some stops must have gotten destroyed. So SL could be moved now, a little under the previous high should make sense to me. Last time it...