MrRenev

MrRenev Updated 

Sorry if I am polluting anyone idea stream, but there is so much going on now compared to boring July (mid June to mid August more exactly). As we are about to make a new high, while shorters increase their position "scaling in" on their way to liquidation, I am remembered as I am watching a youtube video, of lucky new traders that can't take baby steps. There...

MrRenev

The stuff I was talking about a few months ago, BTC ETH and maybe LTC taking turns, there is always one "leading the charge" up or down. Now ETH got super weak, so it is its time to go up hard. Already up 30%, another 30% to go. GG We can see the daily RSI got below 20, I expect(ed) a rocket bounce, we are halfway there. I do not think it goes much higher, but...

MrRenev Updated 

It has been a while since the last organic move. Idiotic suckers had time to forget last scam. These used to happen every sunday again and again and again and again and again and again and again and again and again and again and again, but as sucker's bank accounts and morale gets depleted, ponzi criminal cheats have been taking longer and longer breaks between...

MrRenev

Thanks to yet another iron hand plastic brain incompetent leader the once great power did it. They are now heading for the club of third world countries :) Be careful who you vote for. The best of the best is "boring". "I will change everything" "I am strong willed" has not worked in 100.000 years yet "people" still fall for it XD We are going to have to bail...

MrRenev Updated 

Nothing special, it is very bearish. EURUSD should go up now, even to 1.15 maybe. USDCAD logically should go down. EURCAD chart by itself is bearish and at resistance now. MA20 and MA50 cross etc. Everything points to it going down. Maybe once the daily candle closes. A counter argument would be this EW count, but I do not think it is good: This could be...

MrRenev Updated 

Clearly bearish, dumped out of consolidation, now on the 4 hour there is a little retrace / oversold bounce. A chance to quickly jump on the train and ride it for a few hours. Could go down in the next hours, we are 2 hours into the sydney session with many more to go.

MrRenev Updated 

We are only in the early phase of step 2... Can you see it? Markets are governed by fundamentals and psychology. Crypto fundamentals are non-existant, hence it all makes sense, they are fully governed by psychology. Does not matter if we go up or down, it's all the same. And the exact same people that were in disbelief in the early stages of it going up are now...

MrRenev Updated 

ETH is 100% going down, and I will prove it (proof is in bold). It is super simple and cannot be denied. Do you have any idea how much ETH ICO scam artists accumulated? There is not even any debate, at least 90% ICO are INTENTIONAL scams. Ask me, 100% are big scams, whether their creators lie to themselves or not. At least some of them are honest and after they...

MrRenev Updated 

Hello, based on several indicators, as well as experience and my gut feeling which is right most of the time, shorting the euro before 1.15 is simply not worth it. 1.15 is a good strong level thought, Good idea to short it once it gets there. 1.15-1.155. maybe the euro does not go that high, so we simply wait for the next drop and retrace... Same goes for the...

MrRenev

Hello, tired of checking hundred of charts and forums etc? No problem, CNBC is making it easy for you, calling people to buy at top's on a daily. Not much explanation needed here, this is really simple and straightforward. This could save us alot of time, with CNBC we can get trade setups quite often. It is sufficient for someone trading stocks "on the side" as...

MrRenev

1379 was the price to beat to be able to say "ok we are in disbelief, gold bear market is over". Seems like it is not over yet. If this line does not hold, it will probably go 1122: The worthless shiny metal that produces nothing and casual "investors" love so much has been dropping for months now. If it forms a higher low than 1122 then maybe there is hope,...

MrRenev Updated 

Day just opened. Time to short silver. Downtrend should continue. I am experimenting with silver I am not sure if this is the best time or level to join the trend, we will see :p So much for all the "genius" investors that saw silver being in "accumulation zone" back then:

MrRenev Updated 

Time for celebration for me! After 2 dead months in the Forex market (I could have made progress but I did not know it well enough), the USD finally broke out of consolidation (no fakeout please), and activity is finally going to be back. I have no reason to trade crypto now. I only traded crypto this summer because I had a hard time finding setups. Now, let me...

MrRenev Updated 

My generic post for the week will quickly get overcrowded if I do not do this, plus I posted Bitcoin in its own idea today, so gold should have the same rights! Looking at the 1 hour, a big dump happens, RSI very low, all these good things, and it is already bouncing hard. Am I glad I looked at gold when I did, 1 hour later and I would have probably gotten there...

MrRenev Updated 

Praised be Guglamesh, great lord of trading, devourer of FOMOers. Whaaat's trending? Eeeeeverything. The sacrifices must have worked. The us dollar broke out of its sideways of boredom (which let me reiter started nearly the very day I started my 2 months trading challenge, and lasted? You guessed it, 2 months!). The last week of July my watchlist had 3 tickers...

MrRenev Updated 

We bounced on support, giving a short entry at a price not too bad. If it goes up too much SL and aim to short it at 1.71-1.72. Since there is a relatively strong support I will TP quick and wait for a larger bounce before shorting it aiming for the stars. I do not expect support to break this easilly, I expect GBPCAD to retrace back down soon probably with RSI...

MrRenev Updated 

Is it not amazing how perfectly Bitcoin has followed the bubble drawing? (Wall street cheat sheet) I could tell you exactly what will happen, and what people are going to say, to the very word. On this chart I posted a few examples. The guy from the netherlands that sold everything he had and went to live in the woods is my favorite. This is exactly how it is...

MrRenev Updated 

It cannot get tighter forever. Let us keep an eye on it next week. It will probably FINALLY break soon. I waited a long time, sure don't want to miss it. Maybe go up, maybe go down, the odds of going down are higher. Will short it up here, good odds and risk to reward at its greatest at the top of the triangle.