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Month: February 2019

Crypto Contest February 7: Vertcoin

February 7, 2019 Published by

Vertcoin (Bittrex: VTCBTC) 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, Vertcoin began a wave one advance in November 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in October 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Vertcoin should be heading next towards the October 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Vertcoin is currently in the red wave three (blue sub-wave iii).

Crypto Contest February 7: Vertcoin

February 7, 2019 Published by

Vertcoin (Bittrex: VTCBTC) 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, Vertcoin began a wave one advance in November 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in October 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Vertcoin should be heading next towards the October 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Vertcoin is currently in the red wave three (blue sub-wave iii).

Unusual Options Activity In Array BioPharma

February 7, 2019 Published by

Things are just getting started in the Pharma-Biotech takeover frenzy.  That’s because the biotech companies are selling at a discount.   For example,  Bristol-Myers Squibb BMY agreed to buy Celgene this month for a 32% premium. Eli Lilly LLY, announced plans to buy Loxo Oncology for a 66% premium. GlaxoSmithKline agreed to buy Tesaro US December for a 58% premium.

Array BioPharma develops cancer drugs including a recently-launched therapy for melanoma. It has potential therapies for several cancers in late stage development, including colorectal cancer and melanoma.  And it has partnered with big pharm companies such as Bristol-Myers Squibb, Merck, Pfizer, Novartis

Unusual Options Activity In Array BioPharma

February 7, 2019 Published by

Things are just getting started in the Pharma-Biotech takeover frenzy.  That’s because the biotech companies are selling at a discount.   For example,  Bristol-Myers Squibb BMY agreed to buy Celgene this month for a 32% premium. Eli Lilly LLY, announced plans to buy Loxo Oncology for a 66% premium. GlaxoSmithKline agreed to buy Tesaro US December for a 58% premium.
Array BioPharma develops cancer drugs including a recently-launched therapy for melanoma. It has potential therapies for several cancers in late stage development, including colorectal cancer and melanoma.  And it has partnered with big pharm companies such as Bristol-Myers Squibb, Merck, Pfizer, Novartis

Is TWTR a Buy Here?

February 7, 2019 Published by

TWTR has beaten earnings expectation on the bottom line and met the expectations on the top line, but is coming into market open down 8+%. I would say this is surprising given the price action, but I am not surprised at all. TWTR has a tendency to run up prior to earnings…and shit the bed no matter if the earnings are good or not.
I have been a longterm supporter of TWTR, and in fact have been o nthe platform for multiple years. I think it will continue to grow and has finally righted the ship after “being drunk” for multiple

Is TWTR a Buy Here?

February 7, 2019 Published by

TWTR has beaten earnings expectation on the bottom line and met the expectations on the top line, but is coming into market open down 8+%. I would say this is surprising given the price action, but I am not surprised at all. TWTR has a tendency to run up prior to earnings…and shit the bed no matter if the earnings are good or not.
I have been a longterm supporter of TWTR, and in fact have been o nthe platform for multiple years. I think it will continue to grow and has finally righted the ship after “being drunk” for multiple

Forex Price Action Baby, No Technicals or Fundamentals…Trade #3 – Sold GBP/AUD (2/6/19)

February 7, 2019 Published by

10,000 Ft View – 4 Hr Chart

Zooming In

This trade was over even before it started. The entry and stop is 25 pip wide. The entry occurred right before the day session ended at about 4:48 pm. I was stopped out 25 minutes later, when the next day’s session started. The issue was at the beginning of any forex day, there is no liquidity. Thus, the spread on this pair at the beginning of the session was 20 pips. Normally, the spread is 2-4 pips. Thus, I didn’t even have a chance to be right.

The set-up had somethings

Forex Price Action Baby, No Technicals or Fundamentals…Trade #3 – Sold GBP/AUD (2/6/19)

February 7, 2019 Published by

10,000 Ft View – 4 Hr Chart

Zooming In

This trade was over even before it started. The entry and stop is 25 pip wide. The entry occurred right before the day session ended at about 4:48 pm. I was stopped out 25 minutes later, when the next day’s session started. The issue was at the beginning of any forex day, there is no liquidity. Thus, the spread on this pair at the beginning of the session was 20 pips. Normally, the spread is 2-4 pips. Thus, I didn’t even have a chance to be right.
The set-up had somethings going for it.

WLS has a Bidder on the tape!…Support over 1.00 BTS

February 7, 2019 Published by

Whaleshares has a bidder on the tape! WLS is a fork of STEEM and has made some unique changes and growing in their own way. Whaleshares seems to be gaining traction and many have voiced their opinion that they “like” whaleshares better. Only time will tell and I believe there is a place for both! Logging on to bitshares I noticed something below…
 

Whaleshares has a bidder! Someone wants some WLS, about 45000 of them in fact. They are sitting on the bid as you can see in the photo.
They do not want to pay up for these considering the liquidity

WLS has a Bidder on the tape!…Support over 1.00 BTS

February 7, 2019 Published by

Whaleshares has a bidder on the tape! WLS is a fork of STEEM and has made some unique changes and growing in their own way. Whaleshares seems to be gaining traction and many have voiced their opinion that they “like” whaleshares better. Only time will tell and I believe there is a place for both! Logging on to bitshares I noticed something below…
 

Whaleshares has a bidder! Someone wants some WLS, about 45000 of them in fact. They are sitting on the bid as you can see in the photo.
They do not want to pay up for these considering the liquidity

February 2019
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