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BITCOIN – IHS looking to become invalid, possible mini ascending triangle consolidation

January 4, 2019 Published by

Been making lower lows on 4hr chart testing possible horizontal channel bottom 3850 zone might go even to low 3800 to see if the buy volume come in. Possible IHS on daily probably gonna be out of valid timeframe soon. Possible mini ascending triangle bounce back to test 4000 for the 3 times if it hold and more narrow consolidation till apex.
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :141
Total marketcap :129
Dominance :51.3
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Tenants: Your Most Important Asset in Rental Real Estate

January 4, 2019 Published by

When investing in rental real estate we can focus on price and location all we want, but even though we must get those right it will not matter if we cannot procure and retain quality tenants.
Your Most Import Asset in Rental Real Estate
This is hands down your tenants.  The rental income that comes from your tenants is what provides your cash flow and pays down the principal of the mortgage if you carry one.
The rental income is what builds your wealth in rental real estate.  Sure, you can have appreciation or buy something at a great discount, but those are

Crypto Contest January 4: Byteball Bytes

January 4, 2019 Published by

Byteball Bytes (Bittrex: GBYTEBTC) has broken out of the wedge pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Bytes began a wave one advance on November 23, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 11, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 1 this year. If this wave count is correct, Bytes should be heading next towards the December 11, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe Bytes is currently in the

Five Financial Books to Read in 2019

January 3, 2019 Published by

At the start of every year I like to share five financial related books to read.  Some are newer and some are classics, but they are all that provide some type of wisdom that has served me well in my personal finances.
 Five Financial Books to Read in 2019
1.) The Richest Man in Babylon – George S. Clason
This is a classic that everyone should read.  It is essentially your foundation for financial know how.  Thought the setting is ancient Babylon, the book uses simple parabes that display financial lessons through the experience of the characters within.
If you don’t like reading financial related

BITCOIN: still one more move upwards before going lower…

January 3, 2019 Published by

Why? well, basically because I think we are really attending a long 5-3-5 correction, on which the first 5 waves have been identified (Left blue ellipse) and the 3 middle waves are almost completed (Middle Green Ellipse).

To view it clearer we can have a look at the hourly chart:

Still one last sub-wave upwards is missing in order to complete the final “B” leg of the 5-3-5 (A-B-C) correction.

My expectations is that “B” will reach a slightly higher value than the level of the “A” magenta wave, so around 4000 USD… and still can happen because RSI indicator shows that BITCOIN

BITCOIN – 50% more move to go

January 3, 2019 Published by

On 4hr chart still in consolidation preparing for next move, will it finish up the down wedge breakout estimate target price move to 4300 ? bias likely more upside to go, might have light pullback to test support before that.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :114
Total marketcap :132
Dominance :51.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Why I Say “TURN OFF THE TV”! $AAPL $SPX $QQQ

January 3, 2019 Published by

The TV and talking heads on CNBC, from an intermediate to longer term perspective, may be some of the worst real time advice that is available to the mainstream today. You have to understand that they are making money off your clicks, and off your views and even the “Best” are mostly only good at “buying and holding” Let’s take a look at $AAPL over the past few months.

I have marked an area of $AAPL that, infamous Buy and Hold investor, Warren Buffett claimed to the world that the iPhone was greatly undervalued. Berkshire Hathaway is now currently 25% long

Crypto Contest January 3: EOS

January 3, 2019 Published by

EOS (Bitfinex: EOSBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Here is a closer look at the breakout.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, EOS began a wave one advance in October 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, EOS should be heading next towards the April 2018 peak in the red wave three.
 

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The target of the EOS project

Have Investors Been Bird Boxed? Open Your Eyes! $SPX $IWM $GDX $TLT $GLD

January 3, 2019 Published by

The lack of emotion and worry in the market today is insane. There are so many investors and talking heads that are so sure the market bottom has been made and 2019 is going to be like 2017. Many believe that the bulk of the volatility is behind us…This is EXACTLY what markets do. They find a way to get the herd complacent and then BOOM! The market resets before anyone has a chance to get out.
Did you know the volatility in 2018 was not even in the top 20% of the most volatile years in the past 70+ years?

Bitcoin Technical Analysis: PRICE RISES BUT VOLUME REMAINS WEAK

January 3, 2019 Published by

Bitcoin has broken out of the wedge it’s been consolidating in over the past couple weeks. It’s risen from $3,690 to about $3,900 at the time of writing this post.

We aren’t yet seeing the kind of volume we need to sustain a bull run. Currently overall volume is just above $5.2 Billion. I’d like to see it at least above $8 Billion on a consistent basis.

Shorts have dropped, while longs are stacking fairy significantly. If longs continue to rise and volume remains weak, market makers may drive price down to liquidate these new long positions.

In today’s video analysis I discuss,

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