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Tag: money

BTC Hitting our Price Targets and Testing 6800 for Support

May 12, 2019 Published by

It has been quite the ride for BTC the past few days.  Upside targets of 6,800 and 7,400 were both hit before seeing a pullback to the first level.
Reformulate the Plan
Now that the above items occurred it’s time to review and know what to look for next.
Looking at the chart in this post you can see that 6,800 prior support came into play on today’s pullback and price proceeded to bounce right off of it.
That is a bullish piece of price action as attempt number one to recognize that as a support level succeeded.
Going forward this is the downside level

Cryptocurrency Relative Strength Analysis Report For Week Starting 5/12/19

May 12, 2019 Published by

When you think about Cryptocurrencies,
one name immediately comes to mind, Bitcoin. 
Since the creation of Bitcoin, there has only ever been one
cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow.  And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

Source Image

Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin.  Thus, it’s very easy to determine

SPDR Sector Relative Strength Analysis Report For Week Starting 5/13/19

May 12, 2019 Published by

Sector rotation is the action of shifting investment assets from one sector to another to take advantage of cyclical trends in the overall economy in an attempt to beat the market.  Sector rotation seeks to capitalize on the theory that not all sectors of the economy perform well at the same time because sectors of the stock market perform differently during the phases of the economic and market cycle.

For example, defensive
sectors such as consumer staples, utility and health care stocks tend to
outperform during a recessionary phase, while consumer discretionary and tech
stocks tend to fare well during early expansions.

When you trade,

Crypto Contest May 12: Cosmos

May 12, 2019 Published by

Cosmos (Kraken: ATOMUSD) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, ATOM began a wave one advance on April 24. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 5, and the red wave two (blue sub-waves a-b-c) correction ended on May 9. If this wave count is correct, ATOM should be heading next towards the May 5 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

The Cosmos network is a decentralized network of independent, scalable, and interoperable blockchains. You can watch the launch event

Zayo…Potential Buyout Coming By Mid-March – Part 2

May 12, 2019 Published by

Zayo Group Holdings, Inc. (ZAYO) through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the U.S., Canada and Europe.   Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises.

Earlier this year I wrote a post about Zayo jumping almost 10% after Bloomberg reported that talks were heating up between Google and CenturyLink to buy Zayo and when news hit the wire, the Smart Money has been buying up all the call options they can in Feb and Mar, thinking the buyout will occur by mid-March.

Zayo…Potential Buyout Coming By Mid-March

Since I

Forex Relative Strength Analysis Report For Week Starting 5/12/19

May 11, 2019 Published by

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar.  Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.

The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are in

My TIMM Trading Pit Commentary – Wk Of 5/6/19

May 11, 2019 Published by

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

S&P 500 futures fills the daily gap.

Nasdaq futures finally found some bids.

Gold sitting between 60 min zones, play the extremes.

Gasoline sitting in a daily demand zone, but may not hold since oil isn’t

Crypto Contest May 11: Wollo

May 11, 2019 Published by

Wollo (Bitfinex: WLOUSD) 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, Wollo began a wave one advance on December 28, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 1, 2019, and the red wave two (blue sub-waves a-b-c) correction ended on April 12. If this wave count is correct, Wollo should be heading next towards the February peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Wollo is a digital currency designed to help kids learn the principles of money, safely and securely with

Stamps.com No Longer Sticking – Part 2

May 11, 2019 Published by

Stamps.com Inc. provides Internet-based mailing and shipping solutions in the United States fall 56.4% to $86.31 on Friday after the online shipping and postage company said its key partnership with the U.S. Postal Service has ended.

Stamps.com No Longer Sticking

Yesterday, they almost topped that performance, I should say lack of performance when the stock fell 55% after announcing their first quarter earnings and lowered guidance for 2019.  The numbers caught investors off guard, but the CEO, Ken McBride insisted the numbers were “in line with our expectations in light of our new strategic direction.” 

NOTE TO SELF: How could the numbers be

Bitcoin Pushing Higher Than Expected

May 11, 2019 Published by

Few days back I played devil’s advocate with the price of bitcoin.   Throwing out the idea that maybe, just maybe it would fail around 6k since everyone and their brother was positive it was going to breach it.
Higher and higher she goes…

Price is currently trading near $6,400 and has been up three straight days.   The new daily candle just kicked off and the buyers still seem to be out.
So where does it go?
Looking at the chart you can see we have a level around 6,750, thus that would be the next upside target I’m keeping my eye on.
However, we could

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