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Forex Price Action Baby, No Technicals or Fundamentals…Week In Review 2/9/19

February 9, 2019 Published by

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

What Do We Know From the Chart? $BTC

February 9, 2019 Published by

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

What Do We Know From the Chart? $BTC

February 9, 2019 Published by

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

Crypto Contest February 9: HyperCash

February 9, 2019 Published by

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

Crypto Contest February 9: HyperCash

February 9, 2019 Published by

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

BTC – Trade the channel

February 9, 2019 Published by

What caused the spike in crypto prices yesterday? ETF approval rumours?

No – I did.

I’ve mentioned before that I and I alone am the ultimate controller of BTC price. This was once again evidenced yesterday. You see: it’s been a very long time since I’ve had any fiat available with which to buy crypto. In a way that’s a good thing, it’s kept me from buying several dips which were above the $6k level.

Yesterday that changed. I woke up to a long-awaited payment in my bank account. Like a good crypto investor, I decided to use some of it to

BTC – Trade the channel

February 9, 2019 Published by

What caused the spike in crypto prices yesterday? ETF approval rumours?
No – I did.
I’ve mentioned before that I and I alone am the ultimate controller of BTC price. This was once again evidenced yesterday. You see: it’s been a very long time since I’ve had any fiat available with which to buy crypto. In a way that’s a good thing, it’s kept me from buying several dips which were above the $6k level.
Yesterday that changed. I woke up to a long-awaited payment in my bank account. Like a good crypto investor, I decided to use some of it to

Game Over For The Gamers

February 9, 2019 Published by

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

Game Over For The Gamers

February 9, 2019 Published by

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

BITCOIN

February 8, 2019 Published by

The news probably caused the spike a little and trigger some short squeeze fuelling the 300+ pts surge. Mentioned in previous post of testing the 3300 zone support then bouncing but didn’t expect it to shoot up so high 300+. Likely to cooldown after the news tampered down. Possible test of 3500 support zone and making a push for big channel top resistance around + horizontal resistance around 3720 zone.
News: (Current) https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows  | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :130
Total marketcap :120
Dominance :53
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe

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