Paul_Varcoe

Paul_Varcoe

The CFTC Commitment of Traders (COT) report gives a snapshot of the minds of professional traders. It means that while they spend 100% of the time knowing our positions, because they are our brokers and bankers, we get a 5% glimpse once a week into theirs. While we only see a small sample of the positions (just the ones on the futures exchanges basically), it...

14:00

Paul_Varcoe

Let's think about it in BTC It's all too easy to listen to the mob. Try listening to some logic. #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

20:58

Paul_Varcoe

Still not going to get puffed in. It's all too easy to listen to the mob. Try listening to yourself. #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

Paul_Varcoe Updated 

I have proved before in this post that the big boys are big enough to push the price wherever they want. Now we have the smoking gun. From the CFTC's suit against Binance: During the Relevant Period, Binance has traded on its own platform through approximately 300 “house accounts” that are all directly or indirectly owned by Zhao, as well as accounts owned by...

16:33

Paul_Varcoe

Please don't get sucked in to Bitcoin. #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

11:00

Paul_Varcoe

Bitcoin Update. Bullish? #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

Paul_Varcoe Updated 

Update from vacation in Stellenbosch South Africa! It's lovely here. That is all. OK, seriously, in the associated posts I spelled out why it was dumb to follow the "influencers" who just want you to trade, and who don't care if you make money. They were all howling for the moon at $24-$25k. The screenshot on the chart had BUY BITCOIN !!!!!!!! 3 weeks...

28:32

Paul_Varcoe

Have I changed my view to BUY on Bitcoin? Plus AMA as usual #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

Paul_Varcoe

Here's something I prepared earlier in the year. I still think this is valid, though it is six weeks old. Last week I published this. It's up 25% since then. Not bad, eh? Please beware of the perma-bulls. It is all to easy to go off early, because it's exciting. This bullish action simply helps to confirm that we are likely accumulating, NOT that the...

Paul_Varcoe

The Composite Operator. "…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you...

15:33

Paul_Varcoe

Bitcoin Bull Run Incoming! That got your attention, didn't it? While it IS coming, we don't mean right now this week. This sort of post always gets people's attention. There are lots of them like it at present, and we are all only human.

Paul_Varcoe

That got your attention, didn't it? While it IS coming, we don't mean right now this week. This sort of post always gets people's attention. There are lots of them like it at present, and we are all only human. It is very difficult to ignore visual stimulus like this, but you simply have to if you are going to survive in the trading world. The world was full...

Paul_Varcoe Updated 

The CFTC has failed since 24th January to publish COT data. “Following the ION cyber-related incident, reporting firms are continuing to experience some issues submitting timely and accurate data to the CFTC. As a result, the weekly Commitments of Traders (CoT) report that normally would have been published on Friday, February 17, will be postponed." ...

Paul_Varcoe Updated 

This thing is not yet cooked. It's so exciting to see it moving upwards after so many months, isn't it? It is a bullish sign so far according to our analysis, but looking in the oven when the pudding is trying to rise is not advisable. This is a MONTHLY move, and they can be incredibly protracted. This one is no exception. The volume isn't what it should be...

09:18

Paul_Varcoe

Bitcoin: Should you buy in to this rally? There is a lot of psychological pressure on everyone to jump on the BTC train. Let me tell you what I think. #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading

Paul_Varcoe

This is how influencers make loads of money. I am just using this one as an example, because I know them the best. They are probably not the worst one. Step 1. Make it look like you are mega rich and successful, basically make sheeple aspire to be you so that they forget logic and reality. Step 2. Open your mouth really wide. I have NO idea why this works but...

11:38

Paul_Varcoe

A look at BTC and GOLD I will update in BTC and also come and look at Gold with me. AMA on TV or Youtube. #bitcoin #daytrading #daytrader #freeadvice #bitcoin #bitcointrading #bitcointrade #cryptotrading #forextrading #goldtrading

Paul_Varcoe

At the moment there are a lot of internet "gurus" spouting nonsense. The guy in the picture is just one example. Over 500,000 subscribers being told that BITSTAMP:BTCUSD will be $50,000 in the next 3-4 months and to buy it up here after this rally. They are all telling you EXACTLY WHAT YOU WANT TO HEAR. When the price was $18,000 they were saying it was all...