Bitcoin Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE

Bitcoin continues consolidating right on top of the 0.786 fib level. It’s been testing the top of what appears to be a falling wedge, but has yet to break out above. Volume remains weak.

In today’s video analysis I discuss, where price may be heading next, a possible trade setup I’m preparing for, 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 section below. Until

Unusual Options Activity In Mattel

Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide including, but not limited to: Barbie dolls, Matchbox vehicles, WWE Wrestling, Minecraft, Toy Story, Fisher-Price, Mickey Mouse Clubhouse, Power Wheels and America Girl products.

Oh and my wife and daughter would kill me if I knew and didn’t mention  Mattel announced earlier this year that it had reached a worldwide licensing agreement with South Korean boy band BTS where Mattel will produce dolls, collectible figures, games, etc.  BTS hasn’t penetrated the US yet, but in South Korean, its fan club has a waiting list and those wishing to join

Gartman Alert! “We are LONG of Equities…”

Hopefully this becomes a significant pattern of posts that will help everyone on fintwit, TIMM, and steem in the future. These will be known as “Gartman Alerts”
Here is the backstory…I have been following fintwit twitter for multiple years now and I honestly believe this correlation has stayed in tack for over 3 years. I beleive it work greater than 90% of the time and there are many that can vouch for this. The talking heads on TV are put on TV just to talk, they likely know less than many that just type in front of a keyboard and tweet

Gartman Alert! “We are LONG of Equities…”

Hopefully this becomes a significant pattern of posts that will help everyone on fintwit, TIMM, and steem in the future. These will be known as “Gartman Alerts”
Here is the backstory…I have been following fintwit twitter for multiple years now and I honestly believe this correlation has stayed in tack for over 3 years. I beleive it work greater than 90% of the time and there are many that can vouch for this. The talking heads on TV are put on TV just to talk, they likely know less than many that just type in front of a keyboard and tweet

Unusual Options Activity In Pitney Bowes

Pitney Bowes Inc. offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally.  The company provides commerce solutions in the areas of ecommerce, shipping, mailing, and data.  For example, their solutions help small businesses compare package rates between carriers to best meet their customer requirements and deliver like the big guys.

Today I noticed unusual options activity in Pitney Bowes.  In particular there was of ton of put option buying at the $6 and $7 strike price that expires on February 15th.  Thus, there options are considered very short dated options that expire

Simon Property Group, A Barometer For Retail

Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Their properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

Source

Simon also owns 5 of the top largest malls in the US.

Source

On Friday SPG reported earnings that were short of analysts expectations. The SPG reported revenue of $1.46 billion in the period vs. expectations of $1.5 billion.

For 2018, the company reported funds from operations of $4.32 billion, or $12.13 per

Bitcoin Technical Analysis: BULLS STRUGGLE… IS A LARGER MOVE COMING?

Bitcoin continues to bounce on top of the $3,400 support (on Coinbase). Volume has been declining over the past 48 hours.

Zooming out on the weekly chart, we get much better perspective on just how bearish this overall trend has been. Price broke below the $3,600 support. When it tried to break back above, $3,600 began to act as a strong resistance. The weekly chart suggests price may retest the prior low of $3,130 (on Coinbase). I’m not saying it will, but it’s a very real possibility. I discuss this much more, as well as the bullish scenario, in my video

Bitcoin Technical Analysis: BULLS STRUGGLE… IS A LARGER MOVE COMING?

Bitcoin continues to bounce on top of the $3,400 support (on Coinbase). Volume has been declining over the past 48 hours.

Zooming out on the weekly chart, we get much better perspective on just how bearish this overall trend has been. Price broke below the $3,600 support. When it tried to break back above, $3,600 began to act as a strong resistance. The weekly chart suggests price may retest the prior low of $3,130 (on Coinbase). I’m not saying it will, but it’s a very real possibility. I discuss this much more, as well as the bullish scenario, in my video

Zayo…Potential Buyout Coming By Mid-March

Zayo Group Holdings, Inc. (ZAYO) through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the U.S., Canada and Europe.   Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises.

A high frequency trading firm recently selected Zayo Group Holdings, Inc. (ZAYO) for an ultra-low latency (ULL) solution in the the New York/New Jersey financial corridor which will allow them to execute it high frequency trading strategy, where having a microseconds edge makes the difference of racking up multi- millions of dollars in profits. 

NOTE: that’s another topic for a later time.

Last week,

Amazon’s Earnings Results…Read Between The Lines

Amazon reported fourth-quarter earnings of $6.04 a share on revenue of $72.4 billion on Thursday afternoon vs analysts expectation of $5.65 a share on revenue of $71.88 billion. 

However, the stock sold off on Friday because Amazon guidance for the next quarter of $56 billion to $60 billion vs analysts expectations of $60.83. 

The lower guidance was due to increase in spending for 2019 like $5 billion for HQ2 , slowing growth in the US / oversees and challenges in India.

But one must read between the lines:

3rd record breaking quarter of profits with $3 billion of profits for the quarter.

Hiring 5,000