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Crypto Contest January 30: Ethos

January 30, 2019 Published by

Ethos (Binance: BQXETH) 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, Ethos began a wave one advance on January 5. The red wave one finished on January 13, and the red wave two correction ended on January 14. 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 January 28. If this wave count is correct, Ethos should be heading next towards the January 18 peak in the red wave five.

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

Cancelled My NZD/JPY Forex Limit Order Today

January 30, 2019 Published by

Yesterday, I had a set-up on the NZD/JPY, my initial risk was 30 pips, but then I modified the limit entry and tried to be too cute by lowering the risk. Nevertheless to say, the trade would of been triggered based on my original zone.

Daily Chart (curve/range time frame) – daily candle above the 12 MA and momentum is to the upside.

4 Hr Chart (trend time frame) – the trend is up.

60 Min Chart (entry time frame) – nice pull back to the 1 hr demand zone.

Original Zone

Modified Zone

At this point, I’m

Technical Analysis for Bitcoin, EOS, ETH and XRP: BRIEF OVERVIEW

January 30, 2019 Published by

Bitcoin has broken back below $3,400 (Coinbase).

EOS is hovering around $2.27 (Bitfinex) and seems to be eyeing the $2.11 support.

Ethereum is sitting on the $100 phycological support. If that support breaks decisively, we could see it fall as low as $80.

Ripple (XRP) looks to be operating within a descending wedge. While this is a bullish pattern, it may get worse before it gets better.

In today’s video analysis I discuss, traps to avoid, where prices may be heading next and so much more. I hope you find it helpful.
Video Analysis:

 
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or

Real Estate Investing: Property Types

January 29, 2019 Published by

When it comes to investing in residential real estate it may seem like there are dozens of different types of properties out there.
While it may look that way in the end it really boils down to single-family residential and multi-family residential.

As you can see in the image above there isn’t a ton to know about property types in the residential space.
However, you should be aware of the ins and out of these two types.  Some of those details are listed in the image.
What’s that method? KISS (keep it simple stupid)

Caterpillar On Deck Next – Part 2

January 29, 2019 Published by

I last spoke about Caterpillar about one month ago,

Caterpillar On Deck Next

Caterpillar gets 8% of its revenue from China. China is the world’s largest market for construction equipment by unit sales. Ongoing trade tensions between the U.S. and China and the inevitable slowing economic growth in both economies is causing Wall Street to reevaluate their price targets for all companies, including Caterpillar.

Earning pre-announcements is a way to ensure that no one acts on information the rest of the investor community doesn’t have and to fend off litigation due to companies not reveling the bad news ahead of time.

Caterpillar Inc on

Crypto Contest January 29: IoTeX

January 29, 2019 Published by

IoTeX (Binance: IOTXETH) 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, IoTeX began a wave one advance on August 15, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 28, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 5 this year. If this wave count is correct, IoTeX should be heading next towards the October 28, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
IoTeX is a privacy-centric blockchain platform that is fast, flexible and Internet of Things (IoT) friendly. You

Grim Reaper, Meet The FANG Stocks – Part 2

January 29, 2019 Published by

Two months ago, I talked about the FANG ETF, First Trust Dow Jones Internet Index Fund (FDN),

Grim Reaper, Meet The FANG Stocks

I have been talking about the death cross lately in multiple posts and Grim Reaper introduced himself to Facebook, Google and Netflix in recent weeks.  The only two stocks that still have a soul left and haven’t seen the death cross on the charts are Amazon and Apple.

Last month was the first time all the FAANG stocks sold off at the same time after announcing quarter earnings. This told me the sentiment in technology stocks changed from being positive

Technical Analysis for Bitcoin: Quick Update

January 29, 2019 Published by

Bitcoin finally broke down below the $3,500 support it’s been hovering on for the last 2 weeks. It dropped to the known $3,400 support and is currently trading around $3,430.

Looking at the daily chart we can see bitcoin bounced right off the bottom Bollinger band.

In today’s video analysis I discuss, where price maybe heading next, traps to avoid and so much more. I hope you find it helpful.
Video Analysis:

 

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment

What is Bullish about Everyone WARNING about Guidance?

January 28, 2019 Published by

I am shocked how incredibly bullish the mainstream media and the talking heads are regarding the current situation within the market. After the Q4 that was sustained, yes we have rallied off the lows of Christmas Eve, it is hard to believe that we are going to rip straight back to 2900 where we were before (it is possible, not likely). I believe you are witnessing one of the biggest traps in the last decade brewing.
As you see above, even with the V Shape rally, SPX has been unable to even make it to the 200 day MA. This shows

Unusual Options Activity In Alibaba

January 28, 2019 Published by

At the World Economic Forum in Davos, Switzerland this week, Alibaba CEO Daniel Zhang told delegates that China is a “self-sufficient market,” and seemed to downplay the effect of the trade conflict on consumption in China: “China has a lot of opportunities. Trade war is only one matter,” Zhang said.

On Friday, MKM Partners’ Rob Sanderson raised its price target for the Chinese commerce giant to $245, writing that Alibaba’s stock is capable of weathering the macroeconomic concerns that dragged down shares last year, citing opportunities in its Alibaba’s cloud division, a moderate spending outlook and other positive factors.

Source

Alibaba’s

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