I'm going to go out on a limb here because i am not overly bullish on ANY cryptos right now.
Most of them have broken their long term up trends. BTC is also very close to a major sell area but could also be a potential buy area .
I would be a buyer of BTC near the 9860 area as we have a falling wedge pattern into major support. I would definitely be out if we go...
With the breakout of the 18.80 level i believe we are entering the parabolic markup phase of the trend. We may get a pullback to 18.80 level... but i doubt it!
I have many other long ideas on silver and mining shares going back quite a while. Check them out to get some perspective.
VO - This is a pure gamble play. I do not advocate investing any significant amount of your portfolio in illiquid stocks like this. This is a pure speculation play. Do not invest more than you plan on losing ! This is nothing more than a lottery ticket. Do not use stop losses !
CDNX junior market is bubbling and wants to move. I recently took profits in some of my bigger mining names. Although they are great companies and i'm sure they will be worth a lot more in the near future, one of my rules is "never get married to any investment" !!
I feel we are entering a major market downturn and i am doing great on my VIX long ETFs and this is...
VIT Victoria Gold. Pullback to FIB support and TL breakout . Giant volume at bottom. Heavy insider buying. And they actually have a gold mine almost complete in Yukon! The videos on their website are pretty damn impressive. A gold mine for less than half a buck? I'll take some of that for my collection! www.vitgoldcorp.com
We have a correction going on now... let me interpret this for you... " WHO CARES" ... this simply means we are going higher.
Get ready for more gains in silver and gold. Get on board or miss the boat baby.