Fundamentally the mining community is planning a fork by the end of October, but it appears they still have some issues to work out. Though I have read about these issues I am not as tech savy as many of you, but I know I want to be in before the split. I think? I will rely on many of you that have more knowledge to share your thoughts. Why do I mention...
Here is a simple low risk trade for some wanting to dabble in trading. There are several reasons I like this trade. 1) It pulled back to the 0.618 level after a 5 wave small movement and double bottomed. 2) It is starting to consolidate at the 0.618 level 3) It is not pegged to BTC does not necessarily move the same direction 4) It has market penetration and a...
Good poker players make good market traders. The same fundamentals apply to both games. 1) You must control emotions 2) You must be able to manage your money roll (know what your able to risk for any specific trade/bet) 3) You must understand the probabilities of different outcomes (risk/reward) 4) You must be aware of hands that beat you (what chart patterns...
Many are saying the bull has resumed, I politely and respectfully disagree as I see no indicators or any confirmation from breaking previous resistance levels. However as I have stated many times we do not trade nor invest on feeling alone we trade on probabilities. Price movement is not an indicator of a bull market as in any bull market we have selloffs and in...
It appears at this point market sentiment is waning, not that price is indicative of market sentiment but BTC' did fail to hold the bullish channel. It aslo provided 3 points on the RSI allowing us to set a resistance line for it to break. short term the RSI resistance line broke the uptrend, but did not create a higher high, and is appears to be trading in the...
NEO' has finally broken out of the consolidation channel and appears to make another bull run. Now this is the start of a bull run so we must be cautious as we know that running with the bulls can be dangerous if for some reason the rug gets pulled out. But we have several bullish signals which is enough for me to add to my position for a longer term trade....
Bitcoin is very sentimental to many out there trading and investing in the cryptos. I see it in the comments. It's like your child, say something bad about someone's child, the wrath of a parent in denial appears. However, many miss the reality of life. No child is perfect nor exempt from the pitfalls of adolescence, just like Bitcoin is not exempt from market...
I want to first thank fineregex for posting a chart this morning of the 2013 top and correction cycle. This is something every good analysts looks at when to determine market cycles. What did the last one look like? What were the overall trends of market sentiment? Market Sentiment is why EW and FIbb are such valuable tools and rather accurate to say the least....
This will be quick to address the numerous posts I get on, how can you be overall bullish yet short on the market? How can you say your long BTC' but your shorting it at the same time? Well it depends in what frame your trading and the length of the "trade". Using HMA's and RSI you can get a better feel for trends in different time frames. I state over and over...
What separates Great TA from Good TA is finding something nobody else has. Or at least the avg Joe. Seeing something they don't because they rely on others. This is why you MUST do your own homework. Dash has not performed the way I anticipated. So I did what any trader would do went back over my charts and found an error in my count. There we go fixed. But...
Super Bowl 51 was one of the greatest comebacks ever. I mean at halftime it looked like Atlanta was unstoppable, and I too FELT that. Actually I had a few bones on the game and I was already calling up buddies to collect their money. Hootin and Holllarin, online surfing Amazon to insure I had my Atlanta championship hat and shirt by Tuesday. I was riding the...
I can only say thank you for the numerous followers and friends I have made over the past few weeks. I much appreciate the alternate opinions and positive feedback. But what happened today? Nothing more that exactly what we predicted to happen. We hit the $4200 target price. Remember that target I kept warning about? Did I know or anyone else know when it was...
This will be quick and this is important to understand, and if your trading you should have a chart like this on your screen and not just the path you HOPING for. I'm not going to hash out who is right and who is wrong as some think you are either right or wrong when trading. I also want to be clear, if your investing you can be long here!!!! I'm not telling...
Many of you went into panic mode today. Should I cover, buy, sell, this could be a huge loss, I can't afford this, crap I need to change my underwear? Raise your hand if you were one of them. I know THE TRUTH HURTS! Nothing today that happened in the market was unexpected. After posting for a week on BTC' and mentioning OTHER valid paths to look for and "what...
A lot of request for NEO, so I went back to a previous post on NEO and looked to see what changed. Pretty much Nothing from our September 17th post'. Doing just what we expected. It has started to consolidate within the yellow channel we drew and has been slowly testing the support of the longer term channel. I added only the two rectangular boxes and the notes...
Nothing like waking up and having fish for breakfast huh? Doesn't sound very good unless your a Big Fish. So getting up at 2am NYST Time, the first thing I do is look at my phone to check the market. YES THIS IS IT RIGHT! The bull is out of it's pen. So I turned on the computer and bought flat across the board, look at that power in BTC! Yes the markets don't lie...
Just an update. Regardless of the upswings we are still in a bearish mid term trend pattern in my opinion. Every bear market has bullish trends, and every bull market bearish. Understanding the difference is key to understanding how the market moves. I do not see anything on the chart that changes my mind at this time. I noted yesterday that I took some of my...
I want to kind of clarify a few misconceptions on the difference between trading and gambling. The comments from my previous post, which are much appreciated, have led me to believe that many of you are gambling instead of trading. I want to clarify that EW and Fibb are not crystal balls, they are simply probable areas for trend reversals. I won't get into why...