What's up my dear readers,
From the $3800 region, I suggested that the smart position to take was to be short. Personally, I maintain that was the smart choice, that said, maybe I should have prepared for a big rise. Personally, my strategy was that if there was a big move, I would just ignore it and try to short it as the tides turned. I wouldn't bother trying...
What's up guys,
Bitcoin just pumped hard and I did not see this happening at all. I don't know if it's the end of the bear market, but let me share this link: woobull.com
It's worth looking at.
Thanks for reading.
What's up ADA traders,
Sorry to be the BEARer of bad news, heh, but ADA should correct near here. I wouldn't short it just yet, but I'd consider taking some profit off the table/raise stops etc.
i am expecting the bear market to resume, so you might regret not selling at resistance in the future. So, be careful here!
Thanks for reading,
I hope you are all doing well.
I wanted to share with you guys why I am bearish and why I believe it is smart to be bearish right now regardless of whether or not it will turn out to be right...
Recall, we are in a bear market and just as a matter of fact therefore, the most likely move is always down until the trend reverses. With this in mind,...
What's up traders,
In my last APPL post, I called the bottom of the move perfectly:
Here's what I think:
Would still be long here, but maybe consider taking profits.
Please like my work and follow me for calling the bottom :)
What's up guys,
I just want to share this chart with you and some perspective.
If you don't know, I started trading about two years ago. I was profitable for almost all of that time, not because I was good, but because I bought bitcoin below $1,400 and thankfully didn't cock it up too, too hard. That said, I don't think I was any good until about a year and...
What's up guys!
I must say, I am surprised bitcoin is holding up so high and not more volatile. Low volatility shows a potential floor in a market that isn't rebounding hard (we didn't). That said, there are so many reasons that I am still bearish. But let me share a few bullish things I am seeing:
1. Holding 200 weekly average nicely.
What's up everyone,
I hope the bear market hasn't been too rough on you all. I've been using this time to do more research into bitcoin and build trading infrastructure for the future.
I wanted to write today that I am expecting more downside from this point, but I strongly believe we will bottom this year. Volatility has been decreasing in this range, and...
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...