We've got a nice oversold bounce playing out now that the 'lil-pump' from $ 7- 10K has been completely faded (and-then-some).
Bulls are looking to hold a higher low anywhere above ~$6500 and then break ~$7400 to start changing some trends on the 1-24 hour timeframes (from bear to bull).
My concern (for bulls) is we have so much space between the monthly lows...
Looking for a 5-10% bounce after this slaughterhouse action.
I expect the market to keep RobinHood buyers underwater, toy with their emotions, hopefully make some wild chop to sell low and buy high in.
I'll trade this chop - long @ ~40.5 looking for mid-high 43s to cash out.
I like the pain that has been delivered to this stock with 90%+ BUY ratings losing ~30% of it's value over the past few months.
I also like how we have some old supports nearby to use.
The gap from 126-133 looks so obvious that I question if it will be filled on the first attempt by bears - I'd rather not find out on this trade.
If this cat is dead I have 0 faith in being a bull...anywhere. $170s is a gift from the street that I will accept if/when extended to me. Otherwise I may miss out on the entry and fomo into the next pump on a hourly higher high and low.
The marijuana sector is blowing off some smoke after the latest toke up party. The sector is news fueled and volatile but has many buyers on the sidelines so I expect dips to continue being bought. I am a buyer of support levels and a seller of major spikes when we're clearly over extended.
Wild ETH bulls are at it again, and again. Most timeframes have over-extended RSI levels so any healthy cooldown is welcomed. It's been off to the races since $350 broke bullish and we've recently topped within a few dollars of the all-time-highs at the $420 level on gdax. I didn't expect to go from 350 - 400+ so quickly. Bulls could easily bust through $420 and...
This may be the key resistance break Uranium investors and speculators have been waiting for. The entire Uranium sector has been one of the saddest beaten dogs I've seen in a while - wrecked for years after Fukushima...That fakeout in early 2017 was brutal for top buyers. All it seemed to take was CCJ shutting a mine down recently to light a fire under this dead...
Fake tether inflation, new money, non-stop short liquidation party, maybe all 3 and more? Call it what you want but these aggressive dip buyers make BTC appear unstoppable.
The current daily hanging-man-like candle was a great ~$300 move for me but has me all cash and cautious at these levels. I am not comfortable holding BTC for more than hours or days unless...
Like many, I don't believe good times last forever. I like having a portion of my portfolio in gold/mining indexes as a safety net but I've been very disappointed by returns. FNV tremendously outperforms both GLD and GDX - I can't really imagine how well this company will perform when GLD/GDX start seriously uptrending. The 1.08% dividend while I wait is just...