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
UpToken (Bittrex: UPBTC) 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, UpToken began a wave one advance on November 26, 2018. The red wave one finished on December 12, 2018, and the red wave two correction ended on January 10 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 18, and the red wave four (blue sub-waves a-b-c) correction ended on February 9. If this wave count is correct, UpToken should be heading next towards the January 18 peak in the red wave five.
(Chart courtesy
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
It has been a grueling 12 months in cryptoland there is no doubt about that. From the top at the end of 2017, you can consistently see lower highs all the way down the chart below. IN FACT, there was NEVER a time that that a higher low even presented itself to me that was “Worth” buying…until now.
After price was pressed down against the 5800 level multiple times, it was only time until it broke. Now that the puke has happened it is then over the past month or so that we should be “watching”. I know you are wondering
HyperCash (Binance: HCBTC) 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, HyperCash began a wave one advance on December 8, 2018. The red wave one finished on December 18, 2018, and the red wave two correction ended on December 25, 2018. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 12 this year, and the red wave four (blue sub-waves a-b-c) correction ended on February 1. If this wave count is correct, HyperCash should be heading next towards the January 12 peak in the red
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
