Trump has been in Office for 921 days. He campaigned on bringing back old industries like steel and of course 'clean' coal. He lived up to his promises of lifting and removing thousands of environmental regulations and laws. So what are the results? Obama 8 Y 1/20/09 - 7/30/11 1/20/17 - 7/30/19 ETF %chg Obama 8 Years ...
Trading and investing is an interesting business to be in with so endless programs, strategies, and gurus. Recently my relative asked me to help him get into the trading biz. I been doing it full time for over ten years and have traveled the world, so I guess he figure I must know a few things about it. He asked me about different online courses - From $2k to...
Are you worried? ETHUSD Price action pros and cons Bull Case: Trading with in rising channel Holding above 200sma Holding above 50sma Consolidating between $155 and $188\ Lack of strong selling pressure Bear Case: Difficulty staying above the 20sma Lack of strong buying pressure Stoch and AO still have room to move on the downside Alt coins considerable weaker...
So it has been awhile since I have posted. Why? Two reasons: 1. Earnings Season. 2. As I had posted over and over again. cryptos were forming a huge base, and as all experienced traders know, when something is breaking out of long base expect a big move. And often the worst thing a trader can do is over manage a position. So now. I have more than doubled my money...
Cryptos trade so technical, so you really don't need anything special or any secret indicators. I regularly look at other traders post on TradingView and other places and find that so many traders go from one indicator to another. There is no consistency in their trading style or any lesson for the viewer. Maybe I'm wrong. . . Maybe I am just to old or not smart...
Keeping It Simple Stupid is the only way to trade in my opinion. So today's obvious level for me is $70. $70 is almost too perfect! Why? 1. Fib retrace 0.38 drawn from year low. 2. Former resistance becomes new support. 3. 50sma. 4. Middle of rising channel. Bonuses: 1. Stoch will be back to oversold. 2. AO will be back to buy zone.
“The art of life lies in a constant readjustment to our surroundings.” —Kakuzo Okakura The TradingVeiw community was all over the fact that BTC and other cryptos were on the verge of breaking out days if not weeks before Apr 19. It was obvious, so it is nothing to brag about. However, how many of us are still long BTC or LTC? What about those who traded QCOM?...
As with FB only consider investing in LYFT after it has at least one positive Earnings report.
Anyone remember FB IPO? Just look at LYFT, both are classic pump and dump IPO's. So far they are like mirror images of each other and so could expect . Before buying LYFT consider that FB only started basing after it finally started had a positive earnings report and a breakout above the 200sma.
As expected as soon as the crypto leader $LTC started showing weakness garbage coins like XRP have given back all its gains from the week before. Now bouncing back down around the 20 and 50sma. Stoch still not oversold so there is still room for it to go lower. If XRP can ever get above the 200ma, then it might be worth considering going long. Is there a...
Crypto Weekly Update: (Daily Charts) Symbol Total Vol Chg (24H) Chg (7D) 20/50/200 Support Resistance BCH 3.33% 10.73% 90.71% yes/yes/yes $240.00 $412.00 Until see selling vol and bearish candles momo on long side. Look for flag on 4hour chart for continuation long. I would prefer to see a pullback to $240 support for a long entry.
Symbol DOCU setup flag Upcoming Earnings Jun 06, 2019 (EST) Horizontal S&R: yes $54 Channel S&R: no >20 & 50MA S&R: yes chopped around 50ma >200MA: yes clear up trend Volume confirmation: no no Candle Confirmation: yes yes. gapped down on earning and finished strong Stoch Divergence: yes turning up after testing buy zone Reg Trendline >85: n/a Short...
Crypto Weekly Update: (Daily Charts) Symbol Total Vol Chg (24H) Chg (7D) 20/50/200 Support Resistance . LTC 6.67% 9.13% 56.81% yes/yes/yes $70.00 $107.00 Truly a leader. Vol, stoch, and AO all very bullish. $100 could be minor resistance, otherwise, should hit $107. Wish I was long.
Symbol OKTA setup cup and handle Upcoming Earnings Jun 05, 2019 (EST) Horizontal S&R: yes $87 Channel S&R: yes rising trendline >20 & 50MA S&R: yes bounced 50ma but never really closed below it >200MA: yes clear up trend Volume confirmation: no yes Candle Confirmation: yes yes. gapped down on earning and finished strong Stoch Divergence: yes turning up Reg...
Of the second generation Distributed Ledger Technology cyrpoassets I like TRX. Especially, if TRX was to cooperate with ETH as Justin Sun hinted at. . . On Apr 2 TRX had a major trendline break but on no significant volume. Because the lack of volume I would not chase and buy TRX here. Instead, I would wait for throwback to 0.026 before getting in. What is a...
Crypto Weekly Update: (Daily Charts) Symbol Total Vol Chg (24H) Chg (7D) 20/50/200 Support Resistance . XRP 2.51% -0.78% 15.39% yes/yes/no $0.32 $0.38 Fighting with 200ma. Stoch and vol weak. Volume and price action look like it just getting a little sympathy pop. If i was long it I would get out. Of all the crypto's I analyzed this week XRP is the...
Crypto Weekly Update: (Daily Charts) Symbol Total Vol Chg (24H) Chg (7D) 20/50/200 Support Resistence . ETH 13.18% 2.11% 18.52% yes/yes/yes $145.00 $200.00 Fighting with 200ma and $170. Stoch and vol show signs of weakening. Honestly, a little disappointed by ETH price action. Arp 3 big negative vol / candlestick is worrisome. As long as price stays...
Crypto Weekly Update: (Daily Charts) Symbol Total Vol Chg (24H) Chg (7D) 20/50/200 Support Resistance . EOS 4.83% 7.06% 33.89% yes/yes/yes $4.60 $6.80 Though fighting with the top of a rising channel, stoch and volume still bullish. In fact stoch appear to becoming embedded to the upside. However, EOS also currently trading in the middle...