Rashad

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About me BS in Mathematical Finance, with a Minor in Computer Science @ Hofstra University. Passionate about Cryptocurrencies, and trading.
Joined New York, United States rashad0101
"What the past teaches us is that the future will always surprise us". "When someone tells me that my ideas are impossible to achieve, that's when I'm ready to start".
Markets Allocation
58 % cryptocurrency 31 % stocks 3 % commodities 8 % other
Top Mentioned Symbols
BITSTAMP:BTCUSD 44% | 30 SPY 22% | 15 BITFINEX:BTCUSD 4% | 3 ETHUSD 4% | 3
Rashad Rashad BTCUSD, D,
BTCUSD: Bitcoin Channel To Remain True?
138 1 4
BTCUSD, D
Bitcoin Channel To Remain True?

I published this idea earlier in the year for a upward channel in Bitcoin. So far, the channel has continued to be reliable way of picking major turning points. If the channel continues to hold, then Bitcoin may see a correction soon.

Rashad Rashad ETHUSD, D, Short ,
ETHUSD: Ethereum Getting Ready For Correction
714 1 7
ETHUSD, D Short
Ethereum Getting Ready For Correction

Long legged Doji indicates a potential equilibrium in supply and demand, and uncertainty in the market about the future price direction. At the top of a strong uptrend or downtrend, it can signal the potential for a trend change. This long legged Doji has its high at the top of the upper channel, suggesting that there is strong resistance in the $20-21 range. RSI ...

Rashad Rashad BTCUSD, D, Short ,
BTCUSD: Bitcoin Nearing Peak Around $1300
410 1 8
BTCUSD, D Short
Bitcoin Nearing Peak Around $1300

4th touch of upper channel. RSI is Overbought. Potential for overshoot of resistance, as RSI is not AS overbought as last three touches. A move back down to $1000 or lower seems reasonable. Additionally, I am well aware Ethereum is making incredible highs right now too. It seems that Ethereum and Bitcoin are correlated at the current moment. I'd wager if Bitcoin ...

Rashad Rashad ETHUSD, D, Long ,
ETHUSD: Bullish Pennant in ETHUSD
433 0 7
ETHUSD, D Long
Bullish Pennant in ETHUSD

ETHUSD has been spending some time now above its 200 day MA since crossing below in 2016 on bearish momentum fueled by DAO hacking. It appears that a bullish pennant has formed. Additionally, the resistance line is above the 200 day ma. I believe that there will be a continuation of the trend that pushed Ethereum out of the sub $10 range.

Rashad Rashad BTCUSD, D,
BTCUSD: Upward Channel on BTC?
184 1 4
BTCUSD, D
Upward Channel on BTC?

Using log scale, there appears to be an upward channel on BTC. RSI Sold off from Bitcoin rally territory (80-90 range) and is now below 70. It looks like Bitcoin may head to the $780-$800 range. I am reluctant to go short considering we have already moved away from the resistance line, (the best opportunity has left). If you are to go short, I would recommend ...

Rashad Rashad BTCCNY*CNYUSD/XAUUSD, W,
BTCCNY*CNYUSD/XAUUSD: Bitcoin in China is now 5% more expensive than Gold
Bitcoin in China is now 5% more expensive than Gold

China continues to drive Bitcoin higher as RSI enters mega rally territory on the Weekly. Time will tell how long this can hold.

Rashad Rashad BTCUSD, D, Short ,
BTCUSD: Bitcoin Rally almost over
323 0 6
BTCUSD, D Short
Bitcoin Rally almost over

RSI is currently at a level where the last 3 bitcoin rallies peaked, we are essentially at a 3rd touch of a rising trend line drawn using the last three highs from previous strong rallies, and currently trading over 3 standard deviations. Additionally the current rally on ETH suggests to me that asset allocation is beginning to shift from Bitcoin to altcoins. ...

Rashad Rashad SPY, D,
SPY: 2300 on SP500 approaches, but turnaround come January?
85 0 5
SPY, D
2300 on SP500 approaches, but turnaround come January?

Momentum on the SP500 is very strong right now, however the SP500 is nearing 3 standard deviations of the 200 Day volume weighted moving average. RSI is also very overbought right now, and is in a range where RSI typically peaks for the SP500. There may be a very small pullback before year end, however due to strong momentum, I believe a Santa Rally will take us ...

Rashad Rashad BTCUSD, D, Long ,
BTCUSD: Bitcoin headed to $850
269 1 6
BTCUSD, D Long
Bitcoin headed to $850

The price has broken above the 61.8% resistance line on my 200 day FBB, and the 14 day RSI is about to cross over 70. Although it is not certain we will see a full 3 standard deviation move from the 200 day moving average, it does appear that a break of the 61.8% resistance line combined with a cross above 70 on the 14 day RSI signals a strong movement to come.

Rashad Rashad SPY, D, Long ,
SPY: Upward Channel to form through the holidays?
155 1 2
SPY, D Long
Upward Channel to form through the holidays?

Now that we have broken a 2200 on the SP500, and what turns out to be the 50% resistance line on my 200 day Fibonacci Bollinger Bands, it is my belief that we will enter a upward channel through the holiday season with the price staying between the 50% line and the 61.8% line. Considering that we are heading into this holiday season with strong economic ...

Rashad Rashad BTCUSD, D,
BTCUSD: Bitcoin's upward march, can it break $780?
160 0 2
BTCUSD, D
Bitcoin's upward march, can it break $780?

Bitcoin currently has bullish momentum. It is sitting above its 30 day moving average, and the 14 Day RSI is over 50 and has been trending bullish. Headwinds: China is currently seeking to crack down on capital outflows of the country. There is a lot of speculation that Chinese buying on a devalued yuan has fueled part of the rally, however if China is to crack ...

Rashad Rashad SPY, D, Short ,
SPY: Gearing up for Rocky October?
135 1 2
SPY, D Short
Gearing up for Rocky October?

Although today's Redbook showed slowing growth for retail, what I think is setting us up for a rocky October is the potential for a Sept rate rise. Although traders are pricing the probability of a rate increase higher in December than September, considering the markets have rallied for a while now on expectations of rates continuing to stay low, a surprise rate ...

Rashad Rashad SPY, D, Short ,
SPY: SPY approaches resistance at ~$218, likely pullback to ~$213
68 1 2
SPY, D Short
SPY approaches resistance at ~$218, likely pullback to ~$213

SPY potential pullback to about $213. Currently at 216.27, Looking for SL at $218.50 (-1.03%), TP at $213(1.511%). Drew two Fibonacci retracements. The first was draw from the relative maxima prior to the BREXIT, to the relative minima created by BREXIT. The second was drawn from the relative minima created by BREXIT to an assumed local maxima in the event of a ...

Rashad Rashad BTCUSD, 60, Long ,
BTCUSD: Ascending triangle still possible on Bitcoin
136 1 2
BTCUSD, 60 Long
Ascending triangle still possible on Bitcoin

New rising support line catches price at ~$640 then ~$662 (near 50% retrace line). Although the first trend line I discovered failed to hold at ~$669, if the second rising support line holds, a break out above the 61.8% retrace at ~$685 is possible with a continuation to the 76.40% line at ~$722. My target is $680-$720 with a time frame of July 05, to July 09

Rashad Rashad BTCUSD, 60, Long ,
BTCUSD: Bitcoin breaks above 700 on ascending triangle
180 0 4
BTCUSD, 60 Long
Bitcoin breaks above 700 on ascending triangle

Bitcoin Breaks above $700 on ascending triangle. Short term resistance is at $720, if breaks a move back to the $760-$780 range is likely. -Watch Bitcoin on the weekend. Interesting things seem to happen on the weekend lately...

Rashad Rashad ETHUSD, 15,
ETHUSD: $ETHUSD Crashing!
65 0 0
ETHUSD, 15
$ETHUSD Crashing!

DAO hacked: How low will we go? I am not making any targets on this, I am just looking for opinions.

Rashad Rashad BTCUSD, 1D, Short ,
BTCUSD: "All big changes in price are followed by big changes in price"
155 1 4
BTCUSD, 1D Short
"All big changes in price are followed by big changes in price"

One of the stylized characteristics of volatility is known as Clustering: Large changes in price are followed by large changes in price, and small changes in price are followed by small changes in price. To me, it looks like over the last few weeks we have been in a pattern of low volatility clustering during the weekdays, and high volatility clustering on the ...

Rashad Rashad CNYUSD, 1D,
CNYUSD: $CNYUSD responsible for rise in $BTCUSD ??
22 0 0
CNYUSD, 1D
$CNYUSD responsible for rise in $BTCUSD ??

I recently read an article of Reuters explaining that the recent rise in $BTCUSD has the $CNYUSD sell off to thank. http://www.reuters.com/article/markets-bitcoin-china-idUSL8N18T1P9 But out of curiosity, I wonder what percentage of the $BTCUSD rally was caused by Chinese traders buying into Bitcoin. After all, most Chinese DON'T invest their money into the ...

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