In markets that can remain irrational longer than we can remain solvent here some tips to consider when using indicators on price. There is a reason they say the trend is your friend. GL out there!
Betting against the USA can be bad for your portfolio longer term. Bias is a killer in all time frames. Many would be "smart guys" have debated the end of this mega trend based on their so called understanding of the US debt situation or other "urgent crisis" they are sure is going to bring about the end. All this while being too myopic to zoom out for real...
Pretty decent dump after earnings lets see if it can find a bottom inside the range. Going into the bell with this long over weekend will see how we open up Monday:) See chart annotations
Sentiments and fundamentals can change going forward nothing is for certain in the regulatory landscape. Increased regulation is obviously coming our way. As we draw nearer to the launch of a Bitcoin ETF I would expect to see some more guidance by September 2014 in capital markets & International Money Laundering Regs applied to digital currency which will...
Murphy Oil is in a consolidation pattern at the high of a very bullish run Bullish Scenario: MUR clears 67.07 heading for target area at 73 and extends the move Bearish Scenario: a failure of 65.70 would indicate the possibility of further selling as it pulls back towards support in the 60 area
A look a the relative highs and lows this year in the CBOE VIX index vs the SP500. The market has grinder higher for the last 5 years in the face of all the negative talk against the president and economy. In the end its going up period. Till its not why keep guessing otherwise;) The trend is your friend they always say.
5/21/2014 -BTCUSD LONGTERM ANALYSIS Kazonomics Here you can clearly see the different eras in Bitcoin. Recent investments in to BITPAY by some very notable billionaires is worth paying attention to when you look at what Marc Andreessen states in his response to Warren Buffets misread on the value of Bitcoin. Andreessen is 100% accurate in his understanding of...
A look at the Monthly and Daily performance of FX Majors vs the US Dollar. You can see the correlation & overall tides in the market caused by Central Bank policy actions. Great way to get an overall look at the market before you zoom into any one cross. GL
An overlay on top half of major commodity relationships and indexe / On the bottom major national equity indexes Notice that the DOW/GOLD ratio has been in decline since June 1999. The wealth created under Alan Greenspan in has been leaving the USA for 15 yrs now fueling bubbles around the world. We are in a typical 16-18 yr consolidation pattern following a...
3/3/2014 Update 2/21/2014 Projection target area hit our road map continues on. All previously identified levels will come into play as they are reached be objective. I.e. if we reach 779 expect some resistance on the bottom of the old channel and so on Here all the minor and major ones I can find right now. 545-550, 565, 626, 660, 685, 700-706, 761, 779,...
The downtrend is very obvious. Price spiked thru 12.50 to 10.77 on 1 million coins could have been a stop run time will tell. I will give both a Bullish and Bearish Guide and levels of interest for this chart. GL BULLISH SCENARIO - 12.50 should support price now...looking for base that then move to take out 15.50 and establish a range between 15.50 - 16.20...
Update to 4HR BTCUSD (Btce) and BTCUSD (MtGOX). MtGox just hit $100 which is its 2013 volume price level. If there ever was a price to speculate on an asset trading %500 higher around the world I think that was it. The fact that Gox price is hitting 100 with btce price tagging the longterm trend line looks like a great speculative long, not to mention sentiment...
Best Chance for a a buy on GOX. If you still have capital in there its worth the risk to await a resolution while holding some very cheap BTC if you can buy anywhere near $100
Supplement to the 30 Min Channel posted previously. All of the levels previously identified have come into play. Price has broken down out of the 779-849 Channel and proceed to the 660-700 accumulation zone now consolidating around the 706 Level. I've found a possible bearish channel it's entered with a target on the longterm uptrend line around 549-565. There...
Following up on my last ltcusd chart, hope everyone was able to get a piece of the short when 21.85 fell. Our previous supports have now become our new resistances levels to watch. While below 21.85 keep watch on lower time frames for sell setups. As always trade objectively. Price is the only thing that pays here. GL
LTCUSD violated the channel at 24.52 its back to its 23.50-22.78 support zone and forming a wedge. It can break from this either way though the conventional wisdom is to be bearish. I wach price action only no biases. If it breaks down its heading into a major level at 21.85. If it break up from the wedge would like to see it retest the outside of the...
Higher time frames dictate we are in an uptrend though pulling back from the 1st target area (red circle). I've found a new channel (yellow) inside of the 4hr (blue) found in the previous charts. Prices should hold the support zone at 22.78 - 23.50 and respect the new channel (yellow) and begin a new wave toward a retest of the 26.88 - 27 area (2nd red...