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...
To be honest nobody knows what will happen once futures trading starts tomorrow night. But one thing we can be assured of it will be front page come Monday and CNBC will be updating every 10 minutes. I can not remember in my lifetime there ever being so much hype around an IPO or any other product being introduced into the market. So the only thing we can be...
Having a position in ETH' over the past few months was like watching paint dry as BTC', BCH', Dash', and XMR' along with several others were soaring to new highs. Believe me, the past week it took everything to hold me back from liquidating the ETH' and LTC' positions and going all in on BTC'. I was tempted as I'm sure many of you were. But as a long term investor...
On November 27th when XMR was trading at $160ish area I came to grips with my dislike of Monero', that it's not what I like it's what the market does. So I bought and entry position at that time. I didn't know why it was going up, but the chart was highly bullish so I wanted in. Then came the "NEWS" that Monero' is teaming with some main street artists to allow...
Every day I turn on CNBC to watch what is going on. I have a passion for trading and I want to gain as much knowledge as possible to better my returns, look for those stocks that are under preforming, get insight from "alleged" experts, but most importantly to understand the market sentiment. This is the crucial key for me, market sentiment. Bubbles do NOT happen...
Sometimes with the pace cryptos move we jump the gun without looking at the daily (yes my trade is at $1685 for the record). Even I succumb to this every once in a while, so when BCH' (BCC') decided to retrace last night I quickly brought up my chart and looked to see if I may have missed something. The 30 minute 1 hour chart looked like I needed to get out of my...
The news of the CME futures market starting to trade Bitcoin' futures in December was announced yesterday. But many do not understand the futures market and moreover how they evolved into a speculative market. So before heading to the chart, it is important to understand how cash settled futures effect the market and or moreover how the market effects cash settled...
BTC has continued an Epic run, but it is not over yet according to the charts, and we haven't even entered the overall 5th wave in a broader cycle. The numbers are staggering at this point and the levels would make a tight rope walker have vertigo! We hit the $11,555 (4.618 extension of wave 4) and according to the historical retracement levels appear to be...
Dash was one of the few cryptos that actually recovered quite quickly forming a nice bottom "V" pattern. So does this continue higher like bitcoin' did or do we get an ABC' correction pattern? Well it's not so clear but we are forming in the target area we had previously posted on. So if you were trading you could close out the trade here and either look for a...
I'm sure this will bring out the "I told you so's" but I man enough to admit when I'm wrong. I was wrong about waiting for a major correction and even though I am in at $4300 originally I have missed several opportunities to add to this position for the long term. Yes we have made some trades, but those trades should have been long term holds at least in...
With all the publicity Bitcoin' has received over the past three months you would think that it is outperforming the market. Well it's not and actually has done just a little better than Litecoin' over the same period of time. Now up until now we owned all these coins in our core portfolio with the exception of Monero'. Well if you look at the chart you can see...
Monero is one of those coins I just did not like to begin with. I do not like the fact that is an anonymous payment system where neither the buyer nor the seller can be traced or is recorded. The black market coin for sure. I also felt that as time moved on regulators would look to ban a coin like this but I guess how can you ban what you cannot control. The only...
I want to state this is clearly my opinion. Bitcoin continues to defy gravity and I have put up new targets but I think at this point it is over extended so I am staying away from this trade. I mentioned before that this is the wild west of trading, no regulation and definitely open to manipulation by those that have more means than any of us here on TV' will...
ETH' has much lagged the rest of the market but is starting to pick up some steam! $313 seemed to be a level it just could not overcome, but now we have not only broken through this resistance level, we are testing the ATH'. This is a great coin and one that should be part of any long term portfolio. But watching it over the past 4 months has been like watching...
As you know DASH' is one of my top favorite coins and it is paying off nicely but there is still MUCH ROOM TO GO, and they have "strategery"! While other coin groups are arguing who is #1, who has the right to the throne, DASH' is silently mobilizing and doing everything right! Now I'm sure I will get the "it's not truly decentralized" comment for sure. So let me...
BCH (BCC') continues to be a dark horse in this space. Was not to long ago we mentioned this was the real McCoy. Of course it's not what we say It's what the market says. Well the market seems to be speaking to us. Of all the major coins out there BTC', DASH' (DASH' one of my top two coins), ETH' LTC' and I'll even throw in there ZEC' and XMR' (which I honestly...
Bitcoin' has defied a corrective move which is overdue by normal theories since it's 2015 bull breakout. I gave up looking for this monster to correct, sometimes you just have to throw in the towel. To boot the last move couldn't be more bullish. The extensions and targets are crazy at this point, but well within reach. $9400-$9600 could be the next level and...
OMG has kind of lagged the market as of late. Yes it's off it's monthly low but other coins have rallied to new highs or have started their bullish breakout. OMG appears to be setting up to do the same and as a long term investor I feel we may get that momentum we have been patiently waiting for. It was nice having Cash on Deck to buy some up at these cheaper...