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Tag: Strategy

BITCOIN: Stick to the plan

January 11, 2019 (updated January 12, 2019) Published by

Bearish Flag, as expected. Ready for the decisive movement? Elliot Waves and volume indicates a lower low…
Currently correcting and forming wave 4… it must be already completed…
I have bought some at (3) and I sold it at (d)… if the count is fine we are going close to the next FIBO level (3367 USD)…
Plan entries again around that point and crossing fingers for the count to be right and, if not… a proper stop loss just a little below…
Take care and enjoy!
@toofasteddie
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this
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BITCOIN: The Moment of the Truth

January 10, 2019 Published by

Again, we are reaching the moment on which BEARS and BULLS fight among themselves, the first to keep dragging the market, the Second to reverse it…
Since Christmas I have been talking about this movement, a 5-3-5 Correction, also called Zig-Zag correction.
The movement has been performed exactly as expected, despite the time it has taken to get completed…
LEG A: 5 waves down, reaching the 81.8 Fibonacci’s LevelLEG B: A-B-C subwaves within a long bearish FlagLEG C: 5 Waves Down, completed or almost completed. BTC has touched the “A” level but, normally, this kind of corrections can go a little bit lower…perhaps
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Why I’m Trying a Short Trade on SPX

January 10, 2019 Published by

Generally I like to see clear entry signals, but sometimes I try to anticipate a move if it is offering me a low risk proposition with a solid reward.
Taking a Shot on a Spinning Top
There are many names for candlesticks and candlestick patterns.  Spinning top is one of them and it is what I am seeing on the daily chart of the SPX.

After seeing the SPX gap higher three consecutive days and then create a spinning top yesterday I thought why not get short at the close of trading and put in a stop loss at the day’s high.
Basically, for

BITCOIN: Bye Bye to iHS…

January 10, 2019 Published by

…but only for the moment

What we are contemplating now is the “building” of the last leg of the correction, which I expected since a week ago…

The question for me now is how deep BTC will fall in order to complete the “C” leg…

As I am stick to the plan that this is indeed a 5-3-5 Zig-Zag correction, the “C” leg should finish than the “A”, which finished at 61.8 Fibonacci’s Level…

So for the “C” I would expect a “Healthy” price corresponding to the next FIBO Level (78.6%) which is 3367 USD.

Let’s “sail” the new stream

@toofasteddie

*Disclaimer: This is just

BITCOIN: In the Neckline of the “inverted Head and Shoulders”

January 8, 2019 Published by

Many people ask me why lately I only use BITCOIN in my daily analysis and why not to search for other good altcoins willing to “Pump” and generate quick profits…

Quick and easy answer, because BITCOIN is the reference Crypto, still and, despite I am strongly convinced that there are much better 2nd or 3rd generation blockchains as STEEM, EOS or the like… I cannot deny the supremacy of the “king” besides is “beauty” in being the great invention of this, our beloved Blockchain technology…

Having said that, and coming back to the usual post topic here that is the TA analysis

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: 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

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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