goldbug1

goldbug1

Bitcoin continues to show strength here as many sit on the sidelines waiting for a pullback or the perfect setup. So why we patiently watch our trade play out, many others are still naysayer and when they jump in, well that's our time to exit stage right! Not a lot to update as Bitcoin attempts to take out the 100k level. The question remains, how much more gas...

goldbug1

So someone asked about DOGE and ironically it is the only other coin I own right now other than Bitcoin. I like DOGE for one reason, and one reason only. Elon Musk has supported DOGE so I give it a slim possibility of making it to the next level. As for other alts, NOPE!!! Eventually zero is the answer, at least for most. Technically DOGE has broken out of...

goldbug1

Bitcoin trade triggered and there is going to be a lot of hype surrounding what seems to be the Holy Grail level of 100k. I posted this trade in the group as I mentioned a couple days ago. I have been for months mentioning that I was positioning myself for a run to 130k. Nothing has changed. In the 50's I said add some here, at 70k add some here, at 95k add...

goldbug1

Here we are once again pushing the 100k level as Bitcoin attempts to break resistance. As I mentioned last week I am bullish for 130k and am positioning for this move. From a technical standpoint on the weekly, we have a nice inside pinbar which is generally a continuation sign. For a trade to be active would need to take out the high of the candle. Will be...

goldbug1

With Bitcoin now pushing 100k I am getting asked by the late comers, the ones that missed the buy at 55k, missed the trade at 70k, and are now looking at Bitcoin hitting 100k, is it TOOOOO LATE TO BUY HERE? The comment that will have you missing out on many trades is "It's too high to buy"!! The short answer is no, its not too late to buy Bitcoin here, but I want...

goldbug1

For those of you following me for some time you know I am a long term owner of John Deere. At one time the largest position in my portfolio until MPC and NVDA made their runs. However it appears that Deere may be setting up to run again! There are a lot of Furus and Gurus that post trades, sell trades and many of them don't have the money to even take the trades...

goldbug1

Our trade tapped out hitting T2 and as I mentioned in the group, I'm going to let my position ride. Now to be fair and honest, I sent out a message around 94k +- when Bitcoin was jerking around just under 95k, that if you intended on closing it out at 95k, take your profit here. Been burned a few times trying to milk every ounce out of a trade so that close,...

goldbug1

Not much to point out here, everything from last week still in play. Our trade from 70k is getting close to T2 and there is not much to do here but let it play out. Starting to get the moon-boy shouts now, they have suddenly risen from the dead and they are followed up by the overly cautious traders who talk a lot of S#$% but don't make money and seldom have...

goldbug1

Couple weeks ago gave the buy for DOGE about the same time that Bitcoin was trying to break out. The breakout has happened but right into resistance, so what to do now? There were a couple long setups that formed prior to taking this trade via inside bullish pinbars on the weekly chart. I always start with the weekly because you can get a good idea of order...

goldbug1

Back in August we added some BROS to our portfolio and now we are looking at a wonderful 50% profit. Will likely be taking some profits tomorrow. Lots of our stocks are in full rally mode so want to start looking at taking some profits here.

goldbug1

Been around 2 weeks since I sent out that Bitcoin trade in addition to adding some DOGE to my portfolio. So as we linger just below T1, many may wonder "where can I get in and is it ok for me here?" The answer is not so simple. If you missed the opportunities to buy at lower prices for the long term and are like "crap I missed it again", buy a small starter...

goldbug1

Hope you read my last TSLA idea and bought a little Tesla! When it comes to fundamentals, the most important fundamental is innovation!! Is a company innovating and making new projects which creates new wealth for shareholders? Well Tesla is that company and it is still a BUY in my book. However I would let the market cool off here from the Post election...

goldbug1

Often traders try to rationalize market moves, over think variables, and do NOT listen to money flow. Two weeks ago I posted a trade for Bitcoin, sure it was at a high, but the money was flowing into Bitcoin for whatever reason. We did NOT try to rationalize this, we did NOT know why it was wanting to break out, however, we put our feelings and thoughts aside...

goldbug1

So in our group the other day I posted a trade with a potential target of 95k. Yes we have been patient and patient and even more patient waiting for the right setup. Finally I there was a setup I liked and so we took it. This was a broad seven (7) month consolidation which is often indicative of 4th waves. Look at Gold for example, broad consolidation before...

goldbug1

As mentioned in the group, went bullish on Bitcoin around 65k buying a little for my current target of 95k. This was adding to my current position. So why bullish now? Lets explain. Let's start with consolidations are generally continuation patterns. They come in all shapes and sizes, flags, pennants, whatever you want to call it. The other point is this...

goldbug1

So lots of comments in the Twittersphere on how Tesla is not a buy because it is trading at a ridiculous PE of 61. If you are buying stocks based on PE alone, or even PE at all, you are a dullard and stop already. What matters to the value of the company is the ingenuity, the growth, the potential, not what it's PE is at right now. Had you based your decision...

goldbug1

Seeing a lot of Bitcoin bulls as of recent, and it seems that we are in the last leg of this broad consolidation, or are we? I am not so fond of "looking bullish vs I want to buy the next dip". Generally when you are hearing, ohhh I will buy the next pullback, it is a sign that the boat has left shore. So what is the chart telling us? I am leaning bullish here...

goldbug1

Very interesting pattern showed up on the charts at the close of yesterday. Initially we had a shooting star, but three in a row? Very Rare indeed tri-star pattern which may sound cool but it is simply a random pattern. Does this imply a bearish reversal here? Nope!! Do not get too caught up in patterns that randomly appear vs orderflow which is a much better...