Bitcoin has managed to hold onto most of it’s gains over the past 3 days. As of writing this, $3,600 is acting as support once again. Volume has slowly dropped off as many are waiting to see if this was a bull trap. Looking at the daily chart, we can see price found resistance right…
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Bitcoin has managed to hold onto most of it’s gains over the past 3 days. As of writing this, $3,600 is acting as support once again. Volume has slowly dropped off as many are waiting to see if this was a bull trap.
Looking at the daily chart, we can see price found resistance right at the upper Bollinger band. This corresponded almost perfectly with the 50 day MA (Orange line). A decisive break about the 50 day MA (on the daily chart) would be significant IMO.
Long positions remain stacked while shorts have fallen off significantly. This low volume market makes
The last time I spoke about Bitcoin was back in late December,
Crypto Analysis Report 12-30-18…Has Bitcoin Bottomed???
After coming within $200 of pivot low that was established back in Sept of 2018, buyers have stepped up their game. However, the crucial level remains the daily supply at $4500. If price can breached that level, price has a chance of moving higher.
On February 8th, the crypto market experienced a strong $10 billion recovery from $111 billion to $121 billion, breaking out of a three-week stalemate.
It is not only a matter of technicals and flows. Fundamentals may be in play
For the week, I had no winners and went 0-4 on trades.
I’m looking primary for Rewards to Risks trades of 5 to 1, making it possible to lose 80% of my trades and still be possible.
Let me give you an example.
Forex Price Action Baby, No Technicals or Fundamentals…Trade #2 – Sold NZD/JPY (2/3/19)
I was stopped out literally by one pip, but the trade would of covered 75% of my losses.
So I believe the message this week is for me to be a bit more conservative with my stops.
The other thing I learned this week…knew, but lived because
For the week, I had no winners and went 0-4 on trades.
I’m looking primary for Rewards to Risks trades of 5 to 1, making it possible to lose 80% of my trades and still be possible.
Let me give you an example.
Forex Price Action Baby, No Technicals or Fundamentals…Trade #2 – Sold NZD/JPY (2/3/19)
I was stopped out literally by one pip, but the trade would of covered 75% of my losses.
So I believe the message this week is for me to be a bit more conservative with my stops.
The other thing I learned this week…knew, but lived because
Electronic Arts Inc. stock plunged toward its worst decline in more than a decade this week after the videogame maker missed holiday-season sales estimates and lowered its forecast. EA cut its revenue projections for the year ending March to about $4.75 billion from $5.20 billion, but analysts were looking for $4.88 billion. EA cut its annual revenue outlook as its newest “Battlefield” title sold about a million fewer units than expected, partly blaming competition from games such as “Fortnite” and “Red Dead Redemption 2”.
Take-Two said its western adventure blockbuster “Red Dead Redemption 2” had sold 23 million units since its
Often times we make things harder on ourselves than they should be. This is no different in rental property investing when you do the mistakes listed below.
Dumb Mistakes Rental Property Investors Make
Forgetting that Rental Property Investing is a Business
It may be called investing, but make no mistake this is a business. Rental properties offer many more ways to make money compared to just holding stocks. However, they also require some work and care as opposed to just buying and holding.
For your rental property to be profitable you need to make sure that your rent is being collected and the property
Crypto has awoken. About 2 hours ago after slowly creeping higher and higher, crypto has spiked. EOS and LTC are two that are really ripping higher as they have been the ones that have shown relative strength. Below is the chart of EOS and you can see, if this day holds, this may be quite the igniting bar to start a trend reversal higher in the intermediate term.
Believe me, there is A lot of work left to be done and this work will be done through TIME or PRICE. This is the first step and you can see that taking
Bitcoin has been consolidating within a falling wedge these past couple weeks. Today it broke out of that wedge with a nice increase in volume behind it. Volume is no where near where it needs to be for a sustainable bull run, but that’s not to say it can’t get there.
EOS broke above the known $2.45 resistance. The next major area of resistance is $3.00. If it can remain above at least $2.70 today, it could be a sign this bullish move has legs.
Ethereum bounced nicely off the known $100 phycological support. It’s currently trading around $118. The next major
10,000 Ft View – 4 Hr Chart
Zooming In
This trade entry was yesterday. What I like about the set-up is the strong move away from the level (orange arrow) that took out all of the pivots indicated by the yellow circles.
But what I really like about the zone is all the three mini zones within the bigger demand zone. Thus, if price is going to breach the 4 hr demand zone to the downside, it’s not going to be easy.
This post is my personal opinion. I’m not a financial
advisor, this isn’t financial advise. Do your own
