For a month we heard Coinbase would not support BCH' and that once it was released it would sell off to nothing. Yes well documented by the BCash haters almost on every blog. But the market was clear even before the coinbase release that there was demand for this currency. The market does not care how you or I feel The market does not care if its the real McCoy...
Well less than 48 hours after we mentioned that sentiment had turned to Greed and we should close trades and batten down the hatches the pullback came. But since we knew this MIGHT happen, we were prepared financially and mentally to not panic into Fear Selling. Bottoms are found by those in "Fear of Losing" and Liars. So where to next? In order to calm myself I...
The past couple of weeks have seen the market overall soar to new highs. Unfortunately I can not post the chart of the overall market cap, so you will need to pull it up yourself. On the log chart it is a steady sloping linear line for which we have recently diverged to the upside from the overall mean. Now in general, equities can stay overbought or oversold...
Talk about Christmas surprises! Now any of you that have followed me I have been touting BCH' as a buy since $300. After all it is the real McCoy, at least in my opinion and the opinion of several code writers from the show. Now I know I will get the "scam coin" comments for sure, but its not what I think, my buddies think, or what you think, ITS WHAT THE MARKET...
QTUM' exploded the past few days, and though it has still not regained it's market share, it is quickly rising into the top 15 market cap. Now I am long term QTUM' as it has a great team and more importantly venture capitalists backing them including Roger Ver among many others. Regardless of your feelings concerning Ver he was a visionary period! Proof? His...
Bitcoin' Cash has been simply crushing the market over the past month period! Though it took a pause and traded sideways (as many equities do after large runs) it has clearly broken through its resistance level and looks poised to retest its ATH' in the next couple of months (or days in crypto time). Regardless of your personal thoughts on BCH' it is one of the...
In January coinbase is expected to add coins to it platform. This is huge! So with all the fake news out there speculating in the dark on which coins are likely to be added, I wanted to speculate for myself. Gdax has published in November their “Digital Asset Framework” or their insight into how they will evaluate future listings. I have read this thoroughly and...
Ok after just posting the be patient let the market do its thing article, here I am buying DCR'. First I love the chart, of all the coins I looked at in trying to figure which ones would make coinbase this is one of the best ones period! Wonderful up trend period! Now this is still and early wave count so we will need to see how things evolve but I like it here...
I could quote 100 quotes from investing legends, but the most important quote there is to have posted above your desk is "Do Not Time Trend Changes". Now many are new to trading and fail to understand there are different trend cycles. Short term, Mid term, and Long term. It's important as an Investor to understand where you are in each. BTC: LONG TERM -...
Ripple' has had an epic run over the past two days as have many others. 300%+ runs are seldom sustainable and are a signal for me to take some off the table as I posted. I shaved a little off several coins, but took a nice chunk off of XRP' and LTC' specifically. Can both turn and surge higher? Absolutely, just like I posted on BTC' a couple months ago (and it did...
Nothing worse than the hindsight trade! Going into this weekend I thought I was a genius because I made a trade on Bitcoin' Saturday and even though it has done well I missed the trade that in hindsight was as clear as day. Litecoin! We have awoken the sleeping giant, but that giant is not litecoin', it is the USA' and main street. Now why do I not say...
Bitcoin' in my opinion is holding its own. Clearly the trend is still positive and bottom line folks, why bet against a prevailing trend? Clearly every stock, commodity and equity in general pulls back after a run, and though we expected a broader pullback in September, that never materialized and we had to revise our wave count. I look at the double top and say...
As money starts to flow into crytpos from main-street and wall-street there was no doubt in my mind that investors would be looking for, well, solid investments in the space. I am looking for the coins/software that will have value in the future. I also understand the risks of these markets having been through multiple bubbles. I want to be positioned in the...
As a long term speculator/investor in NEO' this is one coin I will just hold for the long term. Of course this can be painful while you watch other coins go from zero to 60 and your coin is still changing it's tires. NEO' is that coin. But jumping in and out of markets is a recipe for disaster. You pick coins you think have promise and just hold and wait...
It was clear from interviews on CNBC that both Charlie and Roger have different styles and approaches to promoting and moreover marketing their coins. Now I own all the coins listed here and I have no emotional or sentimental attachment any of them. I only have one concern and that is how are my investments performing and are they headed in the right direction!...
There is a lot of competition in the peer to peer money transfer space and quite frankly Litecoin' has been behind and losing ground. Now do not get me wrong I like Litecoin's technology, but I think what we are seeing is more of a rising tide raises all ships. Now this is just my opinion, but while Charlie has been competing with Roger Ver in the twitter space,...
I have heard over and over how the futures market will allow traders to short bitcoin'. But my question is simply, WHO IS SHORTING BITCOIN HERE? They should be saying “hedge”. I really think it would be naive for a trader to come out tonight and say, "Yeah based on the chart I think I will sell Bitcoin' at ummmm errrrrrr let me see, $10,000 for January 17th...
Many requests for the Bitcoin' cash chart. Well to be honest it has been lack luster of late after having an explosive November. Its quite frankly trading sideways and even though the channel has a nice spread on it, I think one could trade it. Buying the low end of the channel and selling the high of the channel. It has been pretty consistent. Keep in mind it is...