tangman

tangman Updated 

Emerging markets they have been battered heavily in the last year. (skip this if you don't want my fundamental take) The Fed interest hikes have caused US Dollar Strength and a large amount of $ denominated EM debt is becoming unpayable. Along with the Trump Tariffs, this has caused much volatility overseas. The US is making a strong attempt to disrupt...

tangman Updated 

I believe we are in a long-term, deflationary bear market. Trading has been choppy and difficult. However, many charts are reacting bullishly to yesterday's comments by Powell. It may be time for a "risk-on" rally and some low-risk trades might be available. Here, energy stocks are showing a slight break from a descending wedge. The MACD and RSI are showing...

tangman

The Tesla drama plays on, today giving an excellent opportunity to short. Two days ago, it dropped 15% on a similar rejection at the 50ma. Yesterday and today, it rallied, probably to front run this "positive news" that came out today (Tesla beating production estimates). However, as the news came out, it is again being sold off at the 50ma. It is also...

tangman

Chart speaks for itself. Very fast mover, high risk, size accordingly.

tangman

Bitcoin and other cryptos are bouncing today, with Bitcoin just barely making a higher low. If the longer term bull market is intact, and it very likely is, because of the financial problems in Italy/Europe/The World, then this is an excellent entry here. It could be the bottom of a very long rounded bottom as we've seen in prior years in crypto. Still just...

tangman

With silver still coiling in its base, I still see an explosive rally possible in the future. Patience is still required but the last few months have not been all that difficult. Silver seems well supported in this area. My other silver miners have done well, like PAAS. By breaking below support, Gold has also dropped to ICL levels from which it should rally. ...

tangman Updated 

Behind the nice cars, Tesla has a long list of fundamental problems that has seen several large investors take up large and long standing short positions. Indeed, some of those have been losing positions for years. This article sums it up nicely: www.sovereignman.com The recent news are also not encouraging. - production halt - 24/7 shifts (signs of...

tangman Updated 

MJ stocks topped on the Sessions' memo and now Trump is reversing that. Technically, MJ stocks are oversold. It also looks like general markets will recover. Even crypto is recovering. So for now, the charts seem to point to RISK ON for a while longer. This also fits with the view that coming weeks/months are Inflationary. I suggest chasing (this post is...

tangman

This particular company keeps getting mentioned by Eric Sprott on his public weekly podcast. In the last few days, we see it rallied on higher volume and has pulled back on very light volume. That should suggest short term bullishness out of this bull flag, although I think the longer term outlook looks good too. It is steadily making higher highs and higher...

tangman Updated 

The sudden weakness today knocks oil below the 50ma and might suggest a more serious decline is taking place. Oil is overdue for an ICL decline and it has quite bearish COT positioning. The 50ma looks ready to roll over from what was a very steady advance. Oil might tank with the stock markets, if they tank. I will watch it for a bit longer, and consider once...

tangman

I haven't been trading much crypto, but I did move the leftovers from my Vechain X Node to BNB the other day. While bitcoin and much of crypto is trending down, Binance coin has actually been showing much relative strength. In a way this makes sense, as crypto shows more volatility and volume, exchanges naturally rack up more fees. Further there have been...

tangman

AG fell below $6 recently, where it then bottomed into a (loosely) cup & handle pattern with $6 as resistance. Recently, it broke above the $6 and, in the last two days, backtested the resistance, which now could be support. It also happens to be just above the still falling 50 DMA. Of note is that on Feb 28, AG missed earnings. The next day, the stock...

tangman Updated 

Various charts in the marijuana sector are shaping up bullishly. On CBWTF, I see a nice rounding bottom with an inverse H&S formation. A dip to the 10ma would be a good entry. Stop would be a break below the 10 or the 50. A run to the highs would be a good point to take profits for short term trading, but I think these can be a long term hold with Canadian...

tangman

The market tends to transfer wealth from the most to the few. Crypto is no different. I watched this play out psychologically in real time in my own head and in others. I previously predicted that Bitcoin could take a real fall based on a cycle timing, hitting the upper trendline, and getting the crowd bullish with that inverse H&S. Nevertheless I wanted to...

tangman

Volume is finally coming in to confirm a potential recovery rally. This coincides with the blockchain food safety conference currently underway. This is likely to trend up from here. I day-traded this decline and ended up with about 15% more VET tokens in the end. Even though I didn't do as well as I would've liked, stopping out on most of my trades in...

tangman Updated 

The price drop in the wake of the much anticipated rebranding is very psychologically damaging. Many many people were wildly bullish. These people need to be cleansed. If Vechain breaks below the flag, it could decline much further. Odds are however, it bounces first. In this chart, you can see when the 8h stochastic has hit ZERO in the past, one more brutal...

tangman Updated 

It's been an nice and convincing rally in Bitcoin, and it may have more to go. An upside breakout of the inverse H&S and above the trend line would be very bullish, and a backtest is likely afterwards. But a rejection here could lead to a significant decline, following Bitcoin's rough 60-day cycle. I think taking some or all of the risk off the table, and...

tangman

I've been riding Nano for a day or two since Vechain went south. It remains a bullish chart longer term.