Don't bet the farm on this. I'm relatively new to crypto and the charts tend to be very interesting. No futures on Stellar XLM it seems? The monkeys haven't arrived with their bananas.
Was considering where to buy or sell. Will hold but I should probably buy. I will go long bias on this idea.
Going long here, this is the best coin to move around it seems? Fractions of pennies in transfer fees. Relatively fast. Good XRP explorers out there. More speculative but then again, they all are.
This is very, very bullish and we'll have the world in FOMO (Fear of missing out). The art in the next few days/weeks/months will be buying on the dips if they happen but we're sitting on a rocket it seems? We're passing the critical $20K USD level and we'll likely see $25K very, very shortly. We are crossing bullish on the MACD and histogram is turning green...
In light of the tragedy facing the international monetary policy, people who understand debasement know that it was the fall of many empires. From the Romans to the Middle Age Bankers. Bankers overpromise and underdeliver. In all the countries on earth Switzerland and China are the two currency likely to do well as the US loses its dominance by over-borrowing off...
Bitcoin (BTC) is overbought on the weekly. Hard time to buy but everyone should own some bitcoin. Worldwide, if we gave away all the possible bitcoins, each person on earth would get allotted just 0.00268 Bitcoins which is called 268K satoshis Do you have yours portion yet? Funds are going to be gobbling them up when Bitcoin becomes easier to purchase for...
Watch if we fail to break resistance from lower trendline. Divergence in Bearish trending RSI compared to bullish price action. Bulls have a lot of ammo with a three letter word. Not a committed short, just a little short for now and wanting to get shorter.
The 4 hr charts shows a nice rising wedge giving bears a possible solid entry point if the bulls run out of steam and SPY fails to stay convincingly above 279. The bulls would be in bad shape if the Fed wasn't holding this up printing money at an "unlimited" bias. Sad reality of the times to factor in just charts.... - 90% of the US money is not real, it's...
The bulls still need to prove themselves and are doing well today with 5.8% intraday gain with gap up market open on short term good news sentiment. We're building important support levels with the past week chart patterns but we are hitting important resistance level here at the 262/263s. If we reject, we go and retest higher lows or lower lows. If we break...
I learn something new everyday. Love to chart the SPY because it's the ETF representing the largest US 500 firms. The S&P SPX is what drives all markets from what I can see. Massive whales buying and selling billions of equities daily. Moving this digital money around in microseconds. Here is a chart of just the SPY with important trend lines and support levels....
Monday March 24 "markets gap up on" and the bull seems unstoppable. Bears this week were on the wrong side of the trade on the short term. The downward channel is clearly broken and the new channel for the week is bullish. Each of the short term technicals are turning bullish in an amazingly orderly manner. The technical bears are worried, the fundamental bears...
"Flattening the curve" - this is what medical professionals are working on. Limiting public exposure will do this in a few weeks. The next two-three weeks will be very uncertain for the general population fixated on mainsteam media. Look at facts. This chart is very bad in what's going to happen next. But as of yesterday March 25, there was only 942 deaths in the...
The stimulus package will pass, we will retest resent lows in the coming days and if they pass it and the news turns to how we are getting the economy back on track will favor the bulls. The bears have tasted blood and the charts will tell us if the bulls are strong enough. Dangerous territory actually, trader's paradise evaporated with the Fed changing the...
The amazing thing about the financial system is the FIAT printing machines are in full operation printing Trillions! People all over the world will get "free money" and to buy not only food but the latest iPhones. Bottom line with QE and "stimuluses" is it makes everything more expensive, slowly, over time, including stock prices. The moment I turn bearish at this...
Looks like we have a solid bottom on OGI. Assuming the bears don't sell at resistance and overall markets continue to show strength , OGI should rebound hard and easily retest the $3s and $4s resistance. About to break through short term downward resistance. Scaling back in and buying the dips. Cannabis is also an industry in Canada that won't be laying off...
"Buy and hold bulls" are heading to the slaughterhouse. At least that's why the short term charts are indicating. If there was any doubts that being a trader (short term "investor") is better than being long term investor, this latest market crash confirms it. Get ready to see something you have never seen before. WAIT, we're already seeing it and just like...
I really wish I had bullish news for Air Canada holders but charts indicate we have a high risk of heading not only to sub $10s again but even crash to $4s to recover possibly in the $8s. Buddy's exact words this week with with my double digits daily gains on AC trading: "Pretty ballzy trading AC". 😊 It's actually a good trade if you catch the lows and quickly...
45 min chart shows double top at $6.99. Given the wider markets, I'd bet a gram of gold this will retest the low $4s. Miners are at the beginning of the gold process. At this point $1500 gold looks better. Problem with miners is governments go for the gold first on the calamity so miners is not the safest place to have cash parked at this point. Good trade...