I wanted to broadcast a quick video showing how you can use indicators, long term trends, and just plain DRAWING! to stimulate trading ideas, and to give yourself some emotional clarification on what is happening in front of you. I do this dozens of times before I feel like i have ONE idea. I think you should too. I hope you gain from this experience.
Protecting gains in XLM (Stellar) with a set of tiered Stop-Limit's. Sell (Stop-limit) 0.00004700 1782.00000000 0.08375400 0.00004728 2018-02-03 18:46:40 Cancel Sell (Stop-limit) 0.00004791 1573.00000000 0.07536243 0.00004827 2018-02-03 18:33:40 Cancel No fantasy Buy set at this time as last nights fantasy BUY was FILLED! -- Will take a look at a new...
Set a stop limit for 15% of holdings at the 23% Fib retracement... Sell (Stop-limit) 0.00249335 129.60000000 0.32313816 0.00250652 2018-02-03 18:40:51 Still have a fantasy order set...just in case... Buy 0.00189500 65.16625330 0.12349005 -- 2018-01-30 23:57:42
Here I am investigating the trend of BTC when we see it return to a low volume state. The main indicators here are volume based - only the fibonacci resistance arc doesn't follow the volume. My take-aways: BTC demand remains positive in low volume environments, more often than not Price tends to CLIMB in low volume situations more often than any other...
Today's discussion is one which will send many crypo-traders into a riotous frenzy. In this market many traders are of the belief that high frequency, short term trading patterns can pay off due to its fast paced volatile movements. While this may or may not be true, it does leave one of the most important lessons of both investing, and trading, at the door -...
It looks like we are looking for an ABC correction here soon. I think we have finished the 5th wave of the last phase. I'm sure other Elliot Wave guys will disagree and get upset at me for that, but I don't see much to make me believe its ongoing. The volume has been too low for too long, the overall crypto market cap is down quite a ways... when money starts...
XLM is a great coin. Please understand I LOVE XLM. I'm a big time long term believer, however the medium term outlook for this coin MUST make you raise your eyebrows. If it doesn't, then I think you're crazy. The volume doesn't match the movement. There isn't much I can say really, other than it isn't establishing good solid supports, isn't testing...
Thousands of people this December were blessed coming into the Christmas season. Many traders and Bitcoin believers were given a multiplicative gift in their wallets (or exchange portfolio's perhaps). It was a wonderful time, many rejoiced. In the art of meme writing this would have been said as : Such crypto, much rejoice. It was not long after something...
Augur is an interesting coin. There are tons of coins out there touting the biggest, and best technology. This blockchain will save the fish! This blockchain will be an app-store for mobile phones! This blockchain is a virtual machine that will become skynet! Ok. That might be a bit ridiculous. There are coins looking to change how we do VERY OLD things....
Generally speaking we're all pretty aware that a "Buy & Hold" strategy works well. Yet, we find outselves "trading". Despite the evidence indicating this is unwise. In a snapshot view we can take a look at the daily chart (nearly a years worth) and view our 3 stocks in the Biotech basket - and we can pick up some obvious patterns. These stocks are very much...
This is pretty self explanatory. I believe the bulls should be slowly accumulating right now. I'm certain they are. I am. We are starting to see long term trends clash. There are several more windows for the current trend to hammer, before ultra long trends get tested. Will the downward pressure be able to hold long standing trends? There are items in the...
DASH/BTC is trending downwards . I project a support and accumulation zone being hit at .6187 From this point I expect a three wave support test, and a subsequent bounce upward with volume towards the resistance cloud. At the .765 mark I expect us to see a three wave test, and move up further into the resistance cloud before distribution takes over and we see a...
I like investing in utilities. More importantly I like investing in utilities with the type of infrastructure I consider to be a staple of domestic life. What do I mean? Water Utilities ( CWT @ 1.61% Yield) Waste Utilities ( WM @ 1.92% Yield) Recycling Utilities ( RSG @ 2.02% Yield) Power ( NRG @ 0.44%) Why? It certainly does make me feel...
Stellar appears to be decoupling. In Stellar's history these trends do not last long. They often predate a big move for either BTC, or STR/XLM. My assumption is we will see some added volume in Stellar, and see the price raise slightly higher before either a BTC rally, or a Stellar fall will recouple the two. But there can be no better opportunity to make free...
This is a longer term look at BTC's upward pressure. After being forced to recount my Elliot Wave's from the former "idea" (short term look) I am forced to go back to the drawing board, find the larger waves, and thats what we are looking at here. I don't see BTC making the fall to 8k, 9k, or 10k, that so many have talked about. It is on its way upward. I'll...
This is a short term look at a small leg of BTC. This is an elliot wave break down of BTC over the short term. I expect BTC to test the restistance speed arc's and in time break the preliminary support of the last decline. I have not drawn a declining 3 wave correction after target completion - as I don't intend to support a scalp on this position. Generally...
If you're a heavy EW guy, than their is probably a lower low and corresponding correcting wave still left to form. if you're a firm believer in random walk and the fib's, then the bounce off the .786 speed resistance arc, to the .610 speed resistance arc indicates a test to the .50 arc (which corresponds with the long term retrace)... likely we will see a...
LSK looks like a great coin. It looks like a great idea. It takes little bits and pieces of different projects that I feel like are very promising. I like the 101 validators idea, allowing the coin to socially deal with bad actors and activist "miners" in a democratic way. I very much like that. Its governance model doesn't touch DASH's, but its a bit more...