jgree107

jgree107

There are many on this site that are claiming to know where BTC and other cryptos are heading in the short to intermediate term. The only issue? Their analysis is absolute hogwash. This chart shows the Vanguard Emerging Market index (which shows a diversified performance of equities in many of the emerging markets). Notice the stark similarity. As you can see,...

jgree107 Updated 

I hope everyone has had a great Monday. Skyworks Solutions -1.91% is a semi-conductor company that is traded on the NASDAQ. While I wouldn't normally bet against the semi-conductor industry, this, I believe is a quick short for easy gain. Trade war tensions have been high and will likely remain high until a deal is struck with China over what President Trump...

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I hope everyone has had a solid week. I was doing some end of week checks and I think that this is a great trading idea based off the latest trade skirmishes between the United States and, well, everyone. Boeing is a developer and manufacturer of airplane and airplane parts, and gets a a fair bit of business from China (10%, give or take, of its total revenue)....

jgree107 Updated 

FUD is nothing new, but in recent weeks cryptocurrency trading has been increasingly tough. Bull markets rarely ever teach us anything as nearly everyone makes money in Bull markets. Every coin is seen as either a great project today or the future coin of tomorrow. Projections and promises of these projects tend to be high; and so tend to be their price. Even...

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I feel that I could write a book on the many reasons to short Tesla fundamentally; whether for the intense cash burn, lack of production know-how and legal and mechanical issues, but this becomes easier when the stock is a clear short situation. Here, TSLA is clearly at the top of their Fib levels and is seriously overbought according to the RSI. Even in a...

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Iota, as you can see, has dropped to the lower Fib levels and is primed for a breakout. Wave anaylsis states a Long position at the moment. The issue, of course, will be if BTC can at least trade sideways for a couple of days to let us get some quick day trades in. Because of this, this is certainly a high-risk trade. Targets: 1. 0.00020216 2....

jgree107

Since the low point of around $6,750, BTC has started moving up and is producing an interesting Short-term buy opportunity. It is likely not going to drop any more, at least in the short term. For any cavalier investors that don't mind high-risk scenarios, this situation presents an interesting way of wading back into the water of a BTC long. We will check...

jgree107

As all of y'all know, BTC has had a rough few hours. It certainly is a trying time to be an investor. Out of curiosity, I was checking for correlations between BTC and other alt coins and I was just looking at an absolute bloodbath. ETH, XRP, BCH, EOS, LTC, ADA, XLM, IOTA, NEO, DASH, XMR, NEM, BNB, ZEC, and LSK are all down. There was, however, one exception,...

jgree107 Updated 

I have been posting about the BTC bears for some time now, and my opinion is still the same; the Bears have strong control. As you can see the RSI is moving into oversold territory after the recent drop from $7,400 to $7,300. However, their domination could soon find a short term end, as BTC is dropping close to long term support of 7,000 USD. I couldn't imagine...

jgree107

BTC had another nice bump today, but I still have the strong feeling that the bears are still firmly in control. As you can see(if you look closely) by the chart, BTC is still much short of the SMA 200 (Light Blue) at the SMA 50(Yellow). Both still have a negative rate of change. BTC will likely run into resistance at the first fib level of ~7760. If if this...

jgree107 Updated 

As you can see, BTC seems to have found a bottom and is working it's way upward. Having already breached the SMA 25 (4H) chart, it is hovering over the SMA 50. This, is still short (by around $700) of a cross of the SMA 200. This barrier has been a tough one for BTC to break but, if broken soon, could lead to a lot of optimism in the space. Until the SMA 50 is...

jgree107 Updated 

ETH has had a great couple of days (to say the least!), but there should definitely be a little but of cooling off in the next few moving forward. As you can see, it is clearly testing the top Fib levels, and while a sideways movement is possible, there doesn't seem to be enough upside for a open trade. It is often the case that if you miss a huge run, a FOMO...

jgree107

Tron moving fast and hard, extremely bullish breakout.

jgree107

BTC is working perfectly within autofib levels.