It's only up about 100%. After all, compared to something like CANN, which is up about 900%, this has some catching up to do. I'm very tempted to sell half here but I'm going to borrow a strategy from the crypto world for now and HODL .
The precious metals sector is bullish, and GPL is one of my favorite picks. It's been two years since it launched out of its 2016 lows, and it has consolidated since. It remains near the bottom of its consolidation range. It's currently coiling just above the 200dma (40wma) which offers a good short-term stop for risk management. Prior highs are at $2.30 and...
Pretty nasty smash this morning in the marijuana sector. Some American marijuana companies down 30, 40% from Sessions' announcement. However, looking at this one.... it's just a horizontal correction so far? If so, in a few days, when the dust settles, this and select other Canadian companies might remain exceptionally bullish. Not buying here, just watching.
This has had a nice slow decline. Something that is really boring in crypto. It could bounce here at the 50dma. Or not? Low risk. Not selling any Ripple to buy it.
I've caught some of XLM over the last few days but have sold off to let it rest. I can't objectively buy such a high daily RSI, but anything can happen. It may or may not respect the upper trendline drawn here. If so, perhaps it will take the drawn path. I've re-entered Ripple, since it has held up strongly, consolidating for 3 days. I recall doing...
I have been somewhat bearish on IOTA for a few days, expecting a further crash. However, I have deep respect for my ability to be wrong. Seeing IOTETH recovering and poking above the triangle apex here, good risk-reward. Close stop. Fast, dangerous, close stop. Happy New Year.
People are very hopeful on IOTA, but it could struggle to break out here. Just too much bullishness in the community. The hourly candles are showing a lot of selling at resistance. In TA it's always safer to wait for a confirmed breakout or a backtest. Further, the ETHUSD chart looks great, like Eth is about to run again. This would put pressure on...
Gains were fantastic in XRP. It needs to cool off, IMO. Looking for run now in ADA.
I had set an alert for when XMRETH would become oversold. (Stochastic crossing below 15 or so). I found this to be a much more sane way to trade crypto than to chase every rally there is. Watching it base here, I scaled in with a small-ish position. It's now starting to rally. First target is upper trendline, but it could easily break out higher. Profits...
Been holding & watching this. Crypto is solid and has a lot of potential. Chart is VERY similar to Ripple. 1) Big burst. 2) Tight consolidation. 3) What happens next is anyone's guess, but 8h stochastic oversold is an OK guess, based on Ripple's chart. See the recent past behavior on Ripple: Watching and holding here.
This one has potential to disrupt social media. Go read about it if you want. Rising out of weekly oversold stochastic. Very small position, just holding and watching. Another one to look at, Request token. Charts are NOT yet available on TradingView. They have a product that may move to compete with Paypal for small money sending.
Over Xmas I did some reading and happened upon this crypto and chart. In very short terms, it's like the "privacy-focused" version of Ethereum. Monero:Bitcoin as Enigma:Ethereum I got in at .0028 ENGETH. A small but significant position. Currently a long term hold as I am comfortably up from entry. On my exchange it's only been available since Oct. With...
A lot of newer investors are tempted to buy 3x ETFs like NUGT and JNUG, when things get bullish. Especially when newsletter writers make it sound very bullish and a sure thing. I did in the past, I paid my tuition. Let's take a look at a very bullish run, last year's GDXJ chart. The chart shows some of the dips along the way. Can you handle -20%, -30%, -50%...
Bouncing here on this trendline after correcting. Bought a tiny position. Ultra risky, I don't think the crypto correction is over by a long shot.
I have been watching and holding this MJ company. They have a unique business model and I think it will do well. I noticed the pop yesterday and doubled my position. Today, it POPS! BUT! It does not look like it wants to slow down. I am adding another 1/3rd NOW.
That's a pretty horizontal bull flag after a 300%+ run up. Timing is good too, a whole week is pretty long in 24/7 crypto land. USD chart shows possibility of breakout. ETH chart isn't as bullish, with ETH holding above 800 and rallying. Either a breakout now, followed by a backtest, or a dip into a handle to complete a cup & handle. Sent half my IOTA to XRP,...
This company has had a great 2017 year. They make titanium dioxide which is used in many many consumer goods. Demand for TiO2 is increasing. They still look good from a fundamentals perspective, low PE, and they are in a massive uptrend. Chemistry is, I think, an underlooked sector when all the rage is tech & crypto. The recent dip offers an entry and the...
...against Ethereum. It's doing rather well against the USD. A nice base and quick inverse H&S here. It could just be noise due to Ethereum volatility. But this pattern suggests 2018 could be a decent year for Equihash miners. This and Bitcoin Gold are trending up. I have no ZCash but I am mining it. I wouldn't HODL this one.