I have a mid term target for $ETC @ 340k sat. Roughly 50% upside from here within the week. My message to my signals channel: TL;DR. I am holding $ETH in anticipation of the SEC meeting. Also holding an even amount of $ETC in satoshi value as a hedge. A number of #TeamNeverWorkAgain members have reached out to me about what to do with their spare $BTC. ...
SEC news incoming Stoch RSI bearish crossovers in 4h and 12h TF's Bearish divergences in RSI in multiple TF's forming. Broken rising wedge at the end of an uptrend with descending volume . 4:1 risk reward ratio. Position sizing: 2% of trading portfolio Leverage: x5
At least this is volatile like cryptos, should you be on the right side of the 'hill'
3.2.18 The sec probes have added uncertainty to many bockchain companies with icos and this has negatively impacted stock prices. The fear in the market, however, is unfounded since the findings of these probes has yet to be released. the SEC's actions seem to be precautionary and are not specifically targeting bad actors. This means that retail investors may be...
I know its still too early to call a bottom but I thought I would do a quick post of what I would like to see as a good start. If the SEC meeting today goes well, I can easily see a big buy day. If today's candle closes above $8,200 it should cause a major spike in volume and signal a strong rebound. That rebound, if it holds, would keep the secondary major trend...
WE ALL HEARD JAY CLAYTON OF THE SEC SAY THAT THERE ARE MANY DISRUPTIVE TECHNOLOGIES AND VERY FEW ACTUALLY MAKE IT. IS UNCLE SAM SANE TO MAKE THE OBVIOUS DECISION ON A MONEY LAUNDERING AND BLACK MARKET GROWING CRYPTO CURRENCY THAT PROMISES TO DISRUPT THE FINANCIAL SYSTEM. EVERYONE MEME'D THE PETRO DOLLAR, VENEZUELA BYPASSED SANCTIONS. DO YOU THINK ANY COUNTRY...
Kinda the same as my last few charts, but with today's volume based primarily on SEC news, LTC price has a lot of good things going for it. Now, while this is a technical analysis, the reasons behind it are mostly fundamental. Resistance lines drawn at ~170$, based on downward channel. RSI is nowhere near overbought, and we're already blowing up toward 170....
Sideways action here...I'm waiting for fundamentals to evolve, the chart shows mixed signals that could develop into both a downtrend or an uptrend with equal chance...a bit leaning towards uptrend due to the long term chart, and also the poor follow through to the downside recently. Other than that, I don't yet have a good enough low risk setup here, so, I chose...
This has to be the ugliest chart I've seen in a very very long time. Where to begin... The top was put in when the US SEC ruled against allowing the Winklevoss twins to create a BTC backed ETF. They had spent the last 2 months accumulating asset to back the ETF and then dumped it all at once when it was obvious they should put their money somewhere else. That...
The target hasn't been hit yet, but we might end up hitting it, and stalling there for some time, as I had explained in the monthly chart I posted. If you're long, look into closing margin longs on target, or if you own more than 50% account, go back to BTC to maintain equal weights in your cash account (spot, no leverage). The support here is strong, so you can...
In perspective, that daily doesn´t look that bad. The Heikin Ashi is brutal but there was a pretty thick cushion to make BTC bounce. RSI is oversold and ADX paints a slight trend towards selling. I think the next two upcoming ETF decisions won´t carry as much drama as this one. And that today, bitcoin came out stronger than before this decision. In the short...
This is another very prophetic post, like my ETHBTC one. I think that we will get an approval by the SEC, but, since the ETF won't bring money into Bitcoin right away, price will fall back to weekly support at 1139 give or take. Bottoming there, while big players accumulate positions, until the market is ready to trend up vigorously again. The market is likely...
I've flagged Brazil's state-owned mega-energy firm Petrobras Brasileiro ADR (NYSE: PBR) because the SEC is investigating the energy firm for money-laundering and corruption, thus skewing Fitch Ratings of PBR. Since PBR owns a Texan refinery, PBR it is accountable under US jurisdiction. PBR has been found in violation of the Foreign Corrupt Practices Act and...