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Unusual Options Activity In Nvidia

January 8, 2019 Published by

Micron Technology, Inc. manufactures and sells memory and storage solutions worldwide and climbed nearly 4% today after an analyst from BMO Capital Markets reversed his bearish stance and upgraded the semiconductor company to outperform from market perform stating, “while fundamentals will likely get worse before they get better, we believe the shares have bottomed, we are also raising our target price from $50 from $32.  But this post isn’t about Micro Technology, it’s about Nvidia. 

Nvidia needs no introduction, but just to remind you, not only is Nvidia the leader in gaming, but also the leader in supplying chips needed for

It’s Pretty Gross Out There Folks $SPY $QQQ $AAPL $FB

January 8, 2019 Published by

My goodness do US equities look like absolute dogpoop   . I just scrolled through about 100 charts from the S&P500 and seriously found 1 stock in an uptrend and 2-3 that looked like it found actual buyers and not just short covering bounces.
It is the worst I have seen since Jan of 2016 during that bear market (and this is worse). The momentum names have been hammered down and the largest ones can’t even bounce such as AAPL, FB, etc.

These names have been killed and some cases down over 40% and they can’t even bounce?
In markets like this TIMEFRAME is

BITCOIN: Hesitance and Low Volume

January 7, 2019 Published by

Still volume so small, drawing what is seems to be a shy bull flag after the 5 minutes move upwards yesterday…

Someone may say that is Bullish signal, some may say that it has been only a “manipulation” movement willing to trigger the upwards constant move but…it seems to be only a few big buying orders willing to move the market indeed…

We are still far from being out of danger despite BTC is moving above the 50 EMA oat the 4h-chart…

I’m still considering a final move upwards before correcting long down…

Remember, two options, either BTC crosses the “Neckline” of the inverted

Investing May Be Simple Than It Seems

January 7, 2019 Published by

As I fly across the atlantic 38,000 feet in the air with no internet I find myself left to my own devices to create content.
Normally one can research a topic, reference their prior works or analyze a price chart.
This is sort of good though.  There is a quote, I believe it was Benjamin Franklin, but don’t quote me on that and the general idea of it is that man is never more resourceful when left to his own device.
I feeling that a bit now as I am disconnected and don’t have the laptop with me that has all my files. 

BITCOIN – limited upside

January 7, 2019 Published by

Looks like the ascending triangle bottom hold and bounce up + breakout kinda of unexpected as i mentioned i was more bearish in the last post. Despite the bounce and breakout, i m still bearish upside move is limited. Quickly came down to test support of 4000 and bounce up again. Possible consolidation between 4200 to 4000.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :141
Total marketcap :136
Dominance :51.7
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Contest January 7: Litecoin

January 7, 2019 Published by

Litecoin (Bittrex: LTCBTC) 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, Litecoin began a wave one advance in October 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in February 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Litecoin should be heading next towards the February 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Litecoin is currently in the red wave three (blue sub-wave iii).

BITCOIN: Symmetrical Triangle broken by the upper side

January 6, 2019 Published by

As forecasted yesterday, we have obtained a breakage of the symmetrical triangle as soon as BTC has reached the APEX.

Now, we may see again two possibilities, as you can see we are always “Binary” and prioritizing still a Bearish trend in opposition to declare a reversal confirmed:

First and primary option, for me, the “Famous” 5-3-5 correction on play:

According to this assumption, we would be still attending the “building” of a plausible 5-3-5 Zig-Zag correction since the pattern is valid. So, in this case, BITCOIN may still reach a value slightly below the last high (see wave (V)) or 4237 USD

Bitcoin Technical Analysis: TESTING KEY RESISTANCE…AGAIN

January 6, 2019 Published by

Bitcoin broke up and out of the wedge it was consolidating in. It found resistance right inside the golden pocket (between the 0.618 and 0.65 fib) I’ve discussed in the past. While we’re seeing a small increase in volume, overall daily volume remains fairly weak.

Looking at the daily chart, price is bumping up against the upper Bollinger band. This, along with the golden pocket, is providing a strong area of resistance.
Bitcoin is now above the 50 Day MA on the daily chart. Let’s see if today’s candle can close above the 50 Day MA.

Longs have been stacking for the past

EVERYONE TO THE LONG SIDE OF THE BOAT!!! ?‍♀️ $BTC $ETH #crypto

January 6, 2019 Published by

Folks! We may have something here. Ethereum is leading the way and grinding higher (likely will cause a spike) and Bitcoin just broke above consolidation. After being Bearish for 12 months and minus -80+% target reached…it’s obvious I am an intermediate bull and calling for higher prices now. Come on over to the long side to 5800ish to start!

 

Snuffles Wisdom: Why the 200 Day Moving Monkey Actually DOES Matter…

January 6, 2019 Published by

I am going to easily depict why the 200 day moving average does actually matter converning price and time on the chart. The 200 day moving average i simply the average price of the past 200 day “Closing Prices” plotted on a chart to show an average. You can see this on the chart below as the red line on a daily basis.

Look at how the red line simply holds price above it when price is trending up and hold price below it when price is trending down. Some will call this VOODOO, but this is a very simple mathematical

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