sickgains

sickgains

In this chart, I highlighted the two possible scenarios for BTC in the upcoming days. So far Bitcoin seems to be losing steam since November 8th , MACD and RSI are clear examples of this decay. Omicron variant and FED around-the-corner tightening policy has further accelerated the sell-off. The short-term does not look great for Bitcoin and the crypto...

sickgains

To gain an edge, this is what you need to know now. Trump The Maestro Trump, the maestro, successfully ran up the stock market over 500 Dow points by apparently giving the wrong information and media proudly touting it. Trump stated that Saudi and Russia had reached an agreement to cut oil production by 15 million barrels a day. This caused oil to spike up...

sickgains

To gain an edge, this is what you need to know today. JOBLESS CLAIMS Jobless Claims came at 6.648 million vs. 2.8 million consensus. In general, stock market investors should pay attention to jobless claims. In normal times for the stock market, jobless claims carry heavy weight in our Asset Allocation Model. There are two reasons for stock market investors...

sickgains Updated 

SQQQ goes up when the market goes down . Since this is a leveraged ETF, the position size is one-third of your normal position. The recommended position size is up to 7% of full core position size, but reduce it based on your own risk preference. This is suitable only for super aggressive experienced investors because the risk of loss is high but rewards are...

sickgains Updated 

To gain an edge, this is what you need to know now. 1) Yields on 10 and 30-year Treasury bonds stayed way above their lows as the stock market fell to new lows. This is a big positive. 2)Oil held way above its Sunday lows. This is a big positive. 3) The Fed is providing unprecedented liquidity of as much as $1.5 trillion. The stock market first rallied 6% on...

sickgains

I would like to talk about the relocation of Bitcoins over time and especially at a point that has been crucial for me to understand how Bitcoin is currently positioned among investors. The relocation cycle is a period in which an asset is transferred from one hand to another. Much of the Bitcoins have had several owners throughout its history, and it is a...

sickgains

Right now Bitcoin is at decisive levels about its long-term trend. It presents a strong resistance between the 10,000 and 11,000 levels, if it manages to break that resistance, Bitcoin could begin to consolidate a good bullish rally that would affirm its long-term growth and attract many new investors to the market. From a technical point of view , the last...

sickgains

Bitcoin surpassed down the 0.236 Fibonacci Retracement levels, as mentioned before in the previous post we are looking at a bear setup especially if Bitcoin continues downward and breaks the red line, if this does not happen we could easily see upward pressure again. A bullish movement is not ruled out, therefore investors must proceed cautiously. I have...

sickgains Updated 

Bitcoin is reaching one of the most important resistances that it has, this resistance has been maintained since the beginning of 2018. Most plausible scenario: Bitcoin bounces downward looking for levels of $ 3,500. This is the most probable scenario because overall Bitcoin is still bearish, and I will change my mind once I see signs of the opposite. ...

sickgains Updated 

As you may know, the SP500 has been rallying since the FED chairman, Jerome Powell, pivoted to a more easy interest rate policy. Moreover, it has also been pushed by signals indicating that the United States and China could reach a trade agreement soon and that could end as well the government shutdown. Tomorrow, 14/02/2019 and 02/15/2019, senior officials of both...

sickgains

As noted in the chart provided, the downtrend persist but that can change sooner than later. The chart shows that November 1st will be a key day, for the reason I will explain below. The weekly DJI chart shows a bear market trend with oversold Relative Strength Index (RSI) and near to support levels. Also, as noted in the chart weak hands have not been washed...