BITCOIN: The Moment of the Truth

Again, we are reaching the moment on which BEARS and BULLS fight among themselves, the first to keep dragging the market, the Second to reverse it…
Since Christmas I have been talking about this movement, a 5-3-5 Correction, also called Zig-Zag correction.
The movement has been performed exactly as expected, despite the time it has taken to get completed…
LEG A: 5 waves down, reaching the 81.8 Fibonacci’s LevelLEG B: A-B-C subwaves within a long bearish FlagLEG C: 5 Waves Down, completed or almost completed. BTC has touched the “A” level but, normally, this kind of corrections can go a little bit lower…perhaps
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Bitcoin Technical Analysis: THE BEARS HIT BACK

In my last update, I warned market makers may push price down to liquidate long positions. We had longs stacked and shorts falling off with extremely low volume. This was all a recipe for at least a temporary drop in price. Today we saw that happen as price dropped from $4,050 to as low as $3,750. It’s currently trading around $3,780 on Coinbase.

Looking at the daily chart, we can see price found support right on top of the 50 Day MA. If it decisively breaks below, I think a drop to at least $3,600 will become likely.

While some long positions

BITCOIN – possible staircase down pattern start | been busy with newborn next stage of life

Looks like the from the last post, limited upside was valid. These kind of sudden up then consolidate and sudden down really traps ppl. On 4hr possible start of staircase pattern down. Next good support around 3680 again. On daily chart, looks like a possible horizontal consolidation between 3680 and 4200 maybe until mid/end of jan for spike to test the long term bearish channel top resistance around 4400 but 3680 must hold first.
PS : Been away for the past few days for my newborn, entering new stage of life =)
 
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI

Why I’m Trying a Short Trade on SPX

Generally I like to see clear entry signals, but sometimes I try to anticipate a move if it is offering me a low risk proposition with a solid reward.
Taking a Shot on a Spinning Top
There are many names for candlesticks and candlestick patterns.  Spinning top is one of them and it is what I am seeing on the daily chart of the SPX.

After seeing the SPX gap higher three consecutive days and then create a spinning top yesterday I thought why not get short at the close of trading and put in a stop loss at the day’s high.
Basically, for

Forex Analysis Report 1-10-19…Will The USD/CAD Continue To Rise??? – Part 2

Three weeks ago, I wrote about a trade set-up on the USD/CAD,

Forex Analysis Report 12-22-18…Will The USD/CAD Continue To Rise???

However, because momentum is so strong, I would suggest to wait until price shows you it wants to go lower. Meaning, wait for price to make a lower high and a lower low first and short on a pull back.

The strong correlation between the Canadian/U.S. dollar exchange rate and oil prices is due, in large part, to the amount of the nation’s total foreign exchange earnings that’s garnered through crude oil sales. In 2018, Canada was the fourth largest producer and exporter

Crypto Contest January 10: TRON

TRON (Binance: TRXUSD) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, TRON began a wave one advance in November 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, TRON should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TRON is dedicated to building the infrastructure for a truly decentralized Internet. Dallas Rushing reviewed the coin in October

BITCOIN: Bye Bye to iHS…

…but only for the moment

What we are contemplating now is the “building” of the last leg of the correction, which I expected since a week ago…

The question for me now is how deep BTC will fall in order to complete the “C” leg…

As I am stick to the plan that this is indeed a 5-3-5 Zig-Zag correction, the “C” leg should finish than the “A”, which finished at 61.8 Fibonacci’s Level…

So for the “C” I would expect a “Healthy” price corresponding to the next FIBO Level (78.6%) which is 3367 USD.

Let’s “sail” the new stream

@toofasteddie

*Disclaimer: This is just

BTC – 10 Jan

I’m back from vacation. (Did you miss me?) Time to catch up the last few days and to look ahead a few more.

BTC is growing increasingly comfortable with climbing in price. The pattern is looking more and more like post-capitulation growth.

https://mentormarket.io/bitbrain/to-capitulate-or-not-to-capitulate-that-is-the-question-part-2-the-answer/https://mentormarket.io/bitbrain/to-capitulate-or-not-to-capitulate-that-is-the-question-part-2b-the-rest-of-the-answer/

My suggestion is still to remain wary of the possibility of a Dead Cat Bounce, though I don’t see BTC dropping below $3000 even if that does happen. I’ll do a longer-term prediction post soon.

Looking at the charts today we see a downwards correction after some rapid growth. The growth phase occurred after a converging triangle which took about

Facebook Needs To Do Some Serious Convincing

Facebook had a tough 2018.  There was the Cambridge Analytica scandal where Facebook exposed data on up to 87 million Facebook users to a researcher who worked at Cambridge Analytica, which worked for the Trump campaign.  Then monthly active users in the U.S., Canada and Europe declined.  The most recent public relationship nightmare was news that Facebook shared more user data with third-party companies, like Microsoft, Netflix, Spotify and Amazon.

However, a picture is worth a thousand words, Facebook’s share price fell nearly 30% in 2018.

An article released by CNBC reported that things aren’t peaches and cream inside Facebook either.

More than

The Gold Trade $GLD $GDX $SLV $NUGT

Gold has been absolutely DESTROYED over the past couple years, and quite frankly been a big, fat, waste of mental capital. Well the wind and times may be changing for the pet yellow rock. Take a look…

I am taking a look at the GLD etf to make it easy and it is very liquid for any person who wants gold exposure (I personally advocate buying the physical metal). Notice how the monster rally took place while price was trading ABOVE the 200 weekly MA (blue line). Since the top we have been under this indicator for the majority of time