Bitcoin testing the June low from the underside as Resistance now. Big line in the sand... watch to see where today closes...
For the first time in many months the price of Bitcoin COINBASE:BTCUSD has pushed a closing bar outside of the Daily Ichimoku Cloud. Using the Daily Ichimoku Cloud indicator on the traditional setting (9, 26, 52, 26) has been an accurate tool in defining the trend of Bitcoin going back over a decade. I even did a study proving that the performance of using...
The market sits on edge with every FOMC Meeting. Let's hang out, talk, and trade the money printer news!
Today was an unexpectedly exciting morning to trade Nasdaq futures CME_MINI:NQ1! ! I love trading false breakouts and this morning (November 1, 2022) provided double sided action where buyers and sellers battled it out. The one to break first was going to be the winner and today it was the bears! My best strategy which I have been honing for years relies...
BITFINEX:ETHBTC Ethereum / Bitcoin is getting curiously tight around the 50% Retracement Level. Price abhors a consolidation and one direction or another we can expect to see a fast move away from this level. It will be interesting to watch this near term answer to the debate of which currency is going to become more dominant... See below for Higher Timeframe Analysis
Every. Single. Trader. is confused by this week's CPI print. Let's talk about what it means and if this was actually THE bottom or just A bottom...
What's going to happen with the "Inverse Cramer" ETF? Have the markets (all of them) hit bottom for the year yet?
Forex markets are REALLY starting to move... as I have been telling people for months! This is going to create a lot of trading opportunities if traders are willing to look. Let's talk about forex, stocks, and cryptocurrencies this week...
Markets are down but learning opportunities are UP! Today I want to teach some trading patterns from recent events so that when markets do turn my viewers will be ready to capture the opportunity!
Last week's inflation print tanked the market as it priced in an interest rate increase. Let's hang out to trade and discuss the Fed decision to raise rates or keep them the same. Volatility is to be expected!
This week I celebrated the Ethereum merge with a Bitcoin BBQ (ask and I'll explain). The merge worked but did bring back the bulls. Let's look at all markets from crypto, stocks, and everything else this week prior to FOMC...
Risk markets are rebounding and I caught the bottom earlier this week (after catching the top in August). Will the rally continue?
Today's price action looks to close the Day and Week below the key level of 12400 on the Nasdaq CME_MINI:NQ1! which is the line in the sand 50% Retracement of the Summer 2022 Rally. The rally topped out mid-August (see post below). Today's intraday price action showed a potential rally to recapture the level only to turn and reverse thus confirming the level as...
I am sure that someone could point out some obscure POOPCOIN with a price of 0.00000000000001337 that has had some meteoric rise recently but among the BLUE CHIP cryptocurrencies that are well established, well capitalized, and have proven use cases Monero BITFINEX:XMRUSD continues to outperform both Bitcoin BITFINEX:XMRBTC and Ethereum BINANCE:XMRETH for...
Dry powder buys a lot more of All The Things than it did at the beginning of 2022. I love pointing out this contrarian narrative... it is in direct opposition to everything the Financial Media told us through 2021. Happy 20 Year High, United States Dollar!
Heading to the beach for the long weekend so let's talk about the market and the upcoming month TODAY! September is a statistically significant month so let's take a look...
NYSE:UPS Triggered a spike alert this morning which is happening at the 50% Retracement of the Post Earnings Rally. (see below for Daily higher timeframe context) These are the real "earnings plays" that can yield positive returns rather than trying to buy a guess on the day before. Trying to buy or sell the day before earnings is a guess but very often...
This morning I received a Spike Alert for price volatility at the open on Activision Blizzard NASDAQ:ATVI . Perhaps people are excited about Wrath of the Lich King classic being released? :D This swing trade occurs within the context of the Merger Arbitrage trade which has been going on for many months since Microsoft announced an offer of $95/share to purchase...