MrRenev

MrRenev Updated 

Big FOMO time. Interesting to look for quick opportunities especially for those than only trade crypto. Activity happens in waves according to volume. Peaks and Valleys. Once it is over it is over so get out. Here is Bitcoin chart. Expect a dump like 7 Dec 2017 around 12250. Maybe. Then top 12500-14000. Most alts are not yet in "obvious trendline"...

MrRenev Updated 

No comment required.

MrRenev

Usually alts go up after Bitcoin did... Such inneficient market... No reason not to buy if you are into crypto and have money sitting around with a broker.

MrRenev

I need a central place to keep this I can't remember everything or I could but it is too annoying to. Will give my opinion on those. I don't want to look at minors too much, I just get too much info, can't. I will look at crosses and exotics from time to time, depends how "inspired" I am by a certain ones. I gave up on agri, I cannot be a jack of all trades it is...

MrRenev

A quick one. End of the road soon for InstantGratificationCoin BTC. (Inb4 BTC lemmings flame me for this not happening in the next 5 minutes "This did not age well" when this is a yearly chart just shows you the stupidity). To all the delusional sad people that think it is ridiculous for BTC to go to 2 digits, or zero. "Lol using BCH as an example can't take...

MrRenev Updated 

All the spamming I did since 2018... and it seems like no one remembered anything I ever said... I am never becoming a teacher count on this. Not in my skill set. I'd just throw rocks at students. There are 2 things that work GREAT with crypto: A- Bullish and Bearish pennants B- Trendlines retests C- (It's a secret) Some people might remember I said a few...

MrRenev Updated 

Stupid Coin reached the target of its bullish pennant, not without struggle. And now according to this magic line I just made up the top is in guarentee (with a certain percentage between 0% and 100%) 2014 "bull market is back" 2019 "bull market is back" very similar looking price action. If this is a top Bitcoin should retrace in the 9750-10250 area,...

MrRenev Updated 

What happened last time...: Clearly, we hit a very strong support... What's this? It's a Bird...It's a Plane... NO! It's the Chinese Renminbi making a double bottom on the monthly chart! And a higher LOW! WOW! The US are turning socialist and the FED have DESTROYED the us dollar. It is getting abandonned. China is becoming a TITAN and the Yuan is a new...

MrRenev Updated 

Price action and momentum analysis tells us buyers are interested in this price, for whatever reason. Big support area year after year: On the 4 hour chart, the RSI has bounced off 15 many times (and not gone lower) in years: Buyers absorbing downtrend selling: Odds of a bounce are high. The 0.686 area provides the best risk to reward in my...

MrRenev Updated 

You don't want to miss out on the road to zero do you? Giving it a try nothing better to do. Bored. Entry is actually 8700-8800 but I rounded it at 8666 sounds better. Next stop if we don't go down is slightly below 10k. Let's not miss out what a great opportunity. I can literally make as much money as I want with no cap with currencies & metals lmao what I...

MrRenev

Logging this before it gets removed from everywhere and vanishes forever. 100% guarentee if this was a "the future" tech stock they would have found enough fools to push the price up and let them survive at least another decade... Blue Apron is a garbage unprofitable company with stupid ideas that launched an IPO in 2017 because they desperately needed money to...

MrRenev Updated 

Not going to enter into details about Sweden. Sweden central bank "Uh we have no idea why our currency is falling and why our economy is falling behind" duuuuh! Am already shorting it via EURSEK & added a bit with USDSEK, have a limit order at that green level. If I am in the green on EURSEK & add on USDSEK as it goes does can I call this adding to my...

MrRenev Updated 

I already said plenty of times there were much better opportunities elsewhere. Here is one from 2 months ago (when crypto clowns were starting to foam at the mouth and buying a tether pump). It is exactly the same setup as Bitcoin except with a much better entry, faster results, and a bigger target. It is objectively without the shadow of a doubt, 0 POSSIBLE...

MrRenev Updated 

Not supposed to raly like this. USD not that strong. On this chart it is at a premium compared to normal. Also, USDCNH has been following USDTRY with a delay: USDSEK went down too even. Time for USDCNH.

MrRenev

EURSEK made a double bottom, looking at the weekly and monthly charts we can see that after breaking multi year high it retested it. The trend is obviously bearish on the Krona. Buy the dip... Sweden economic future is grim. The price managed to break the first resistance and make a bull flag. If it breaks the second one it could easilly go retest this decade...

MrRenev Updated 

Shorting was already super expensive. But now, now that the company had their first quaterly earnings release since IPO, the thing is taking off. Sales rose 215% and are expected to grow tremendously in the future. Now I do not know how it works, but the company is not profitable. Earnings are something like -1$ per share or so. A growth stock. If they sell way...

MrRenev Updated 

Not that it will make a difference with 90% people... At least it gives me some practice. Always good. No point for me writting a large textwall explaining everything simply, those that need this do not read it or understand it anyway. I am not a trend expert. I am not a trend trader. I find it simpler to find reversal points at support at the end of corrections...

MrRenev Updated 

Massive extensions are not uncommon: Weekly chart: The indices falling would not cause the price of copper to fall, this did not happen previous it is not true that the price is tied to the economy as what is told. Also chinese people use copper as a safe store for their money. Price went down in 2008 but this is irrelevant. Went up in...