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Day: January 8, 2019

BITCOIN: In the Neckline of the “inverted Head and Shoulders”

January 8, 2019 Published by

Many people ask me why lately I only use BITCOIN in my daily analysis and why not to search for other good altcoins willing to “Pump” and generate quick profits…

Quick and easy answer, because BITCOIN is the reference Crypto, still and, despite I am strongly convinced that there are much better 2nd or 3rd generation blockchains as STEEM, EOS or the like… I cannot deny the supremacy of the “king” besides is “beauty” in being the great invention of this, our beloved Blockchain technology…

Having said that, and coming back to the usual post topic here that is the TA analysis

Bitcoin Technical Analysis: QUICK UPDATE…More Watching and Waiting

January 8, 2019 Published by

Bitcoin remains above $4,000, which is impressive considering how weak overall volume has been.

Long positions remain stacked while short positions continue to fall off.

In today’s video analysis I discuss, where price may be heading next, signs to watch out for and so much more.I hope you find it helpful.
Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
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Roku Rocking Again

January 8, 2019 Published by

Although Roku reported mixed guidance in last month’s third-quarter earnings report, Roku remains one of the fastest growing leaders in video streaming technology.  Revenue rose 39% in its latest quarter, fueled entirely by a 74% surge in platform revenue thanks to their Roku 24 million active users.  About 10% of U.S. TV viewers aged 18 to 34 are now on Roku and 10 million of its users do not have a linear TV bundles.

The platform works. There are now 23.8 million users relying on Roku — up 43% over the past year — but that is just one of the

Crypto Contest January 8: ParkinGo

January 8, 2019 Published by

ParkinGo (Bitfinex: GOTUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ParkinGo began a wave one advance on October 28, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 13, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 7 this year. If this wave count is correct, ParkinGo should be heading next towards the November 13, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe ParkinGo is currently in the

Unusual Options Activity In Nvidia

January 8, 2019 Published by

Micron Technology, Inc. manufactures and sells memory and storage solutions worldwide and climbed nearly 4% today after an analyst from BMO Capital Markets reversed his bearish stance and upgraded the semiconductor company to outperform from market perform stating, “while fundamentals will likely get worse before they get better, we believe the shares have bottomed, we are also raising our target price from $50 from $32.  But this post isn’t about Micro Technology, it’s about Nvidia. 

Nvidia needs no introduction, but just to remind you, not only is Nvidia the leader in gaming, but also the leader in supplying chips needed for

It’s Pretty Gross Out There Folks $SPY $QQQ $AAPL $FB

January 8, 2019 Published by

My goodness do US equities look like absolute dogpoop   . I just scrolled through about 100 charts from the S&P500 and seriously found 1 stock in an uptrend and 2-3 that looked like it found actual buyers and not just short covering bounces.
It is the worst I have seen since Jan of 2016 during that bear market (and this is worse). The momentum names have been hammered down and the largest ones can’t even bounce such as AAPL, FB, etc.

These names have been killed and some cases down over 40% and they can’t even bounce?
In markets like this TIMEFRAME is

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