About meI'm the CEO of a music teaching company in Texas called: wrbmusiclessons.com . I started trading bitcoin in early 2017 and the stock market shortly after.
"The wise man learns from the mistakes of others."
Long time no see. I apologize for my absence, YoungShkreli has been extremely busy! I am spending all of my spare time working on programming bots. I am planning to sell courses on how to do that yourself in the future, so make sure you are following me so that you can learn that. I believe trading is always done best when it's done by a computer....
Noticed this just now. It's a damn shame.
Well, consider this a textbook example of bearish divergence on the CMF indicator.
The CMF is calculated as such:
1. Find the Money Flow Multiplier
/(High - Low) = Money Flow Multiplier
2. Calculate Money Flow Volume
Money Flow Multiplier x Volume for the Period = Money Flow Volume
I've been waiting. I've been trying to get this trade to win big for months, and hopefully this will be the entry. Shorting on this bear flag, trend is down, momentum is down and we have a bearish technical setup as well as a ~2 R/R.
Let's do this!
PS I'm about to make a very interesting post about ETH that I just noticed. Would have...
What's up friends,
In my last analysis, I laid down my opinion that APPL wasn't going to do that well in the coming years. It has since faced a 20% decline.
This post contains two elements: 1) the technical 2) the fundamental
You can see a large gap that has yet to...
What's up guys,
Have a look at AMZN's PE ratio. It is back above 300. With QT and the unfolding recession, people will be spending less. Therefore, AMZN profitability will decrease. The technicals are bearish, the fundamentals are bearish, I would not be buying this stock. If anything, I would be shorting it.
I'm not going to bother making a separate chart, so let me just get this out of the way. I would enter a short here in bitcoin. I am not personally doing that, but only because I am shorting ETH!
That said, I am pretty certain we will see the low in bitcoin in Q1 of 2019. I believe the rest of 2019 will be a low volatility snooze fest and then in 2020...
I am re-entering into a short position in ETH.
In the last two attempts, it hasn't gone as I'd hoped, but that's okay. That's why we have risk management. I now just get to re-enter at a favorable price. I am okay with waiting.
I am expecting ETH to fall back to $80 and eventually go to maybe $10. The bear market in BTC is not over, it is also...
I am going short again here at resistance with a stop at 129. Don't think the bottom is in for bitcoin and so I don't think the bottom is in for ETH. Hopefully this time I can catch the 35% dump I'm looking for...
Welp, I really hit the nail on the head with this one. If you've been following my coverage of US equities, you'll know I've been saying we are going to enter a bear market for as long as I've been on here. I reached this conclusion in early 2017.
I recently read Ray Dalio's latest literature: Big Debt Crises. It was illuminating and it's clear...
What's up guys,
You sell rallies in a bear market. Just that simple. I'm short from 96.05. Check out my twitter to see that.
I'm expecting bitcoin to fall to about $1,000 in the coming months. I'm guessing ETH falls to about $30 ish dollars based on the percents. No reason whatsoever to think this bear market is over or that this rally is significant. Shit is...
With how bitcoin has been so consistent in taking a dump the last few months (ETH even better!) I feel it is important to remind everyone the importance of being able to recognize the trend. There's a lot of things to consider when determining the outlook of the market and the trend of price is a biggie.
In this example, the moving averages are...
I could talk about price or something, but I'm not in the mood for that today. Instead, I'd like to share with you all how I use the stop and reverse points (SAR) to identify trends and give me an edge in trading.
Of course, we have all heard the phrase, "the trend is your friend." Well, it's true. Of course, trends break and at some point following...
Just going to give a quick update..
We hit my target of $100 and haven't bounced. This is not good. My next target is around $15. When I got into crypto early 2017, the lowest price I recall ETH at was in the 70s. Crypto is crazy.
I hope most of my followers were wise...
What's up guys,
Saw an article about a crazy 13% wick on Kraken that triggered some stops and pissed people off. Is this Kraken's fault? No. At least, not really.
No, Kraken almost certainly did not commit fraud and run the stops on their own exchange. Exchanges make plenty of money just fine and in the USA doing the illegal act alleged is a great way to spend...
Just wanted to update you guys on my view. I am bullish on bitcoin. I have drawn my target to be about $6,000.
Seems crazy now, but we will see. This is just the technical target I have, I have no idea if it will get hit or not. I am long because there is low risk and high reward. My stop loss is going to be around my entry which is around $3750...
If you are like me and think $1,000 will be the bottom for bitcoin and want to start scaling in now in case the bottom is higher, here is how I recommend going about it...
This is on my twitter, I am literally just going to ctrl+c and ctrl+v :)
"Just explained this in the discord group, but here is some math for scaling into your trades following a...
We've been hitting my targets quicker than I have been anticipating.
I haven't been as active lately and I'll be honest as to why... not as many people look at TV these days. If you look at google trends you will see that TV search volume is highly correlated with BTC search volume. I do this to gather a following...
Anyways, I still want to provide...
What's up guys,
Well, we just finished the journey to $5,000. It was longer than it should have been, but that's okay. So, now that we are here, what is next?
I am expecting price to go to $3,000 at some point, however, I will not be shorting from this point. We are way oversold on the RSI and it wouldn't follow my strategy to short here. Be very careful if...