Log in

Tag: money

Crypto Rips Higher – $EOS Spikes 17%, $LTC 30%+

February 8, 2019 Published by

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, EOS, Ethereum and Ripple Analysis: BREAKOUT

February 8, 2019 Published by

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

Forex Price Action Baby, No Technicals or Fundamentals…Trade #4 – Sold EUR/CHF (2/8/19)

February 8, 2019 Published by

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

Crypto Contest February 8: Ethereum

February 8, 2019 Published by

Ethereum (Kraken: ETHUSD) 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, Ether began a wave one advance on December 14, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 5 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Ether should be heading next towards the January 5 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Ether is currently in the red wave five.

Forex $1 MM Challenge – Trade #5 (2-7-19) Sold USD/CAD

February 8, 2019 Published by

I talked about this set-up the other day.

Forex Analysis Report 2-5-19…Goldman Sachs Expects More Declines On USD/CAD

What’s really cool is the levels Goldman Sachs are looking at, I had already plotted…the Smart Money and I are looking at the same levels.

Today, I shorted USD/CAD when price returned to the daily supply at 1.32700, but was stopped out 4 hrs later.

So why didn’t the trade work out, it met my criteria for a trade?

Renewed pessimism about the strength of the global economy led to the down turn on Wall Street Thursday after European officials slashed their forecast for

The U.S. Stock Market Had One Hell of a Ride

February 8, 2019 Published by

If you haven’t been paying attention to the stock market the past two months you may need to do a double take.
The Big V
Just as the market broke key technical levels and broke down lower, putting us in “bear market territory” after falling 20% off the highs.
BOOM!
Just like that all is well in the world again as we have rallied nearly 15% to start the year.

How do you even trade this?
In the end we sort of got a capitulation bottom as volume did rise and spike to the highest level in over a year on that final down day before

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

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

October 2026
S M T W T F S
 123
45678910
11121314151617
18192021222324
25262728293031

Latest Media