Lock in profits, an inevitable capitulation is upon us, short after short trade setup. Yet the market continues to grind higher. Seriously taking a short position into an overly crowded short trade? Just look at the strength of the weekly candle that just took out the previous highs. Yes clearly a short signal here! A few that read my article this morning may...
Just seems like yesterday everyone was posting 30% retrace, the big dip, bearish reversal the great Ponzi scam. Over the past week we have heard nothing but fear from the boom doom and gloomers. Boy they got silent quick some have even flopped to going long now. As an investor you are either long in the long term, or short in the long term. If you are long in...
Bitfinex is under investigation by the NY State Attorney's office for FRAUD which is a big word, but may be more smoke than fire. Bitfinex has denied the allegations and in lieu of regurgitating the news, we will focus on how the market is reacting. In the end News does not drive markets, sentiment does. Sure it pulled back a few hundred points, but it was...
As short interest continues to rise, the price of Bitcoin has not moved much and remains in a tight range at a major resistance level. Often traders "blame the whales" for taking them out of trades, but here we have a distinct sign that there may be some Whale activity. We actually have written many articles on how larger operators look to manipulate markets. ...
One day Bitcoin is breaking out for the next leg higher, and the bull run has begun, two days later, the sky is falling, sell now and buy lower. You have to be kidding. The best was one group I follow on Facebook as a sentiment indicator, who sold recently and is posting "where are you adding next, I have my levels, where are yours?" Ohh brother. You think the...
Yes the hype has begun as evident from the numerous bloggers that were talking of an apocalypse to 1500 only a couple months ago, are in full bull mode. They have now shed their skin and are in full hype mode, but tread wary. I will admit to being a perma bull. Whether it is stocks, or gold and silver, long term investing is simple way to catch broader moves. ...
Often new traders focus on indicators and candle stick patterns and ignore the structure of a chart. In their search for the holy grail, they rely too much on lagging indicators which have little meaning in the course of short term price action. From Death Crosses and triangles, to more moving averages than cases of Natural Light at a redneck picnic, there is a...
Bitcoin finally makes a move lower, and this was not to be un-expected. It was actually the higher probability move, but this is far from the end of a broader move higher. We remained neutral over the past week after our swing trade hit its second target and we are simply allowing the market to play out and provide a setup for going long. Trading Article - For...
As the market continues to consolidate and provide mixed signals, Litecoin is once again showing some signs of leading the space. We have been long on Litecoin and hold our position for a broader move. This takes away the emotions of second guessing ourselves, wondering if this move is the real one, and all the emotions that can come with looking to time the...
Gold has recently had a nice recovery off the 1165 low and you would think after pushing through 1300 we would be looking for a pullback. Sure gold has hit this level, pushed to 1365 only to disappoint the typical stacker. However, the move here has been consistent and built up a nice bullish structure, which is much different then 2016 where the move was very...
One of the more bullish charts of the coins that I follow is EOS. Now I want to be clear I am far from a fan of EOS and whether the long term viability of the project evolves to add value to coin holders is still rather cloudy, but there is no denying the chart looks great! This provides both a position and or a swing trade setup, however the market is still...
One of the stocks we have been looking to Sell Puts on is Spotify. There are several reasons to like the stock with it being one of the potential growth stocks over the next couple years. Like Netflix, Spotify has the potential to really make waves in the music industry and it is one of the stocks I want to own for the longer term in my aggressive growth...
Gold continues to show a strong bullish leg and where we expected a pullback, the market simply took that level out. Yet we are approaching a significant broader term resistance level at 1366, so there is still some room to run here? There are numerous EW patterns that are still in play here and this is just one of them. Do not ever think there is not another...
Nothing like an 11% pullback after a 2 week 25% rally to get the Bitcoin Drama Queens all riled up. You have to be kidding, but unfortunately I am not. I'm often stunned by the ignorant posts in Facebook groups like "TA experts are silent" or the best one from a proposed "expert" titled "quick, cover your tracks, delete all your bullish posts!". Ohh brother...
We generally use the S&P chart for stock and options positioning, yet the NASDAQ may be a preclude to a topping pattern here. Often we hear of wedge and triangle patterns that magically fore-tell of a breakout or correction. Yet we should be cautious on trading any pattern alone, as often they form randomly and by themselves can not be taken at face value. ...
Over the years I have found that markets generally trend to the upside over time. New participants create new buyers and old school investors like myself, well we simply do not sell our gold. I know there will be 5 comments on how gold has real world uses, you can hold it in your hand, and blah blah blah. Hey you are talking to a guy that loves gold so there is...
The challenge with scaling has been an issue not only with Ethereum, but in the space in general. The more data the more the larger the chain and the slower the network. I remember back in college as an intern in the physics lab, when we still had dial up modems, I asked Dr. Zheng that it would be great if we could download a movie to our computer. At that time...
The recent move has been positive for the space overall, with Litecoin' actually leading the rally. Yet over the past couple days, the market has been just jerking around not doing much one way or the other. There are some signs of renewed interest in the market, with individual coins like Dash or Ethereum' breaking out and pushing shorter term highs. In...