SPY_Trader

SPY_Trader

SPY is currently up at pre market. I'm selling calls at open. My assumption is that it will be slapped down by the 20 DMA, and then fall. MACD still showing a bearish sentiment.

SPY_Trader

Despite this early morning pop, SPY still has a lot of potential downside. Low volume, buyers aren't exactly lining up to buy. SPY is still at the lower Bollinger band. The MACD is showing a downtrend. Personally, I'm holding off on opening any positions yet. I still have short December calls I'm waiting to buy back. When I do short sell calls or puts, it will...

SPY_Trader

It is pretty ironic that a coin is .00004 or so off it's ATH and people are acting like it is dead, but I think there are a lot of first timers taking a little too big of a bite off this crypto. But anyway, SHIB has hit the 20 DMA, and from the loom of the MACD, just about to make another run. My guess, and it is just a guess, is that FOMO is going to come...

SPY_Trader

In a late Sunday move, grossly undervalued ZIL wakes up and pops off the lower Bollinger Band. The Stochastic indicator shows ZIL coming out of an oversold sentiment as buyers gobble up the cryptocurrency.

SPY_Trader

Just another bearish post. All three of my regular indicators are now pointing to $IWM taking a dump. Bollinger Bands, IWM is below the 20 DMA. Stochastic flashed a bearish signal a few days ago, and is heading to oversold territory. MACD crossed said to sell on Wednesday. A contrarian investor would say its a good time to buy though. Persoanally, I'm selling...

SPY_Trader

Been looking for a good entry on ZIL for a few months now, but have been reluctant to add another crypto to my collection. The way ZIL has held up in this BTC downturn has inspired me to get in now, before I miss out on a good opportunity. A bit early entry on this, as you can see that ZIL is still resting on the lower Bollinger Band, and is in the sell zone,...

SPY_Trader

Indicators aside, even though many agree, there is a few old sayings that those of us that have been trading stocks, futures, and other equities have heard many times, and they definitely apply to SHIB and other cryptocurrencies, especially right now. Higher highs, higher lows See action past 4 days. Higher lows, for sure, check back later for the high of...

SPY_Trader

Let me just start off by saying that I know there is a lot of noise around SHIB, and I warn anybody reading this not to bet the farm on this one. But its kinda like playing the lottery when the payout is really big. You just buy a ticket because its fun. So you can see below, looking at the Bollinger Bands that as of right now, this coin is under the 20 DMA, in...

SPY_Trader

I suspect this will be a quick shedding of another "0" or possibly two.

SPY_Trader

Way overbought, buyers drying up. Time to take profits. There are some unfilled gaps, my guess is that they will.be filled quickly.

SPY_Trader

Pretty obvious what is in store for the next few weeks. What goes up, must come down. A few unfilled gaps that need recognition.

SPY_Trader

Has held pretty well, seeing how many millionaires the crypto has created. A little profit taking, nothing more, nothing less. Seems as though the tolerance for pain is greater than the hope for ecstasy. Going to be a lot of sellers regret going on in the next few days. Seen it many times.

SPY_Trader

Crossed below the 20 day moving average. Stochastic and MACD looking sad. Hate to say it, but looks like a big dump about to happen. Time to separate the men from the boys. HODL'n

SPY_Trader

FOMO city going to kick in when this hits a new ATH. Sellers regret for a lot of new investors. Just MHO.

SPY_Trader

Below you can see how SHIB is bouncing off the 20 day moving average before it continues its ascent. Watch FOMO really accelerate when SHIB hits a new ATH, then drop 2 zeros in a week's time.

SPY_Trader

Seems like all the long term holders are cashing in their SHIB.

SPY_Trader

Per the official twitter account for Shib, there was an error in the circulation numbers being reported by CoinMarketCap yesterday. It is now fixed "Update: A bug caused by their engineering team's migration to a new infrastructure is causing the circulation figures to be off." I'm sure a lot of people panic sold, and will soon be purchasing SHIB again, hopefully...

SPY_Trader

Looks like the SPY is starting to realize that it left an gap or two that still needs to be filled. A pullback to about 436.25 would be a cruel trick for some, but a real treat for me. I've been eagerly awaiting to profit on a gap fill.