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Tag: Strategy

LITECOIN: inverted HEAD and SHOULDERS

January 6, 2019 Published by

LITECOIN has just crossed the Neckline of the Inverted Head and Shoulder Pattern. If the Pattern Recognition Technique is confirmed we may see a 40% profit as target price (i.e: 51.3 USD).

As always, I am planning my “exit” points for target and Stop losses.

Let’s see if the increase in volume helps us to reach the goals here…

Enjoy!

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

BITCOIN: Symmetrical triangle

January 5, 2019 Published by

Again we are in front of a 50/50% pattern, the Symmetrical Triangular Pattern on which Highs are getting lower and Lows are getting Higher.

The options, as usual in this case, are sudden breakage of triangular pattern through one of the two trend-lines.

The most likely breakage used to occur in the same direction of the trend, since we are correcting from a previous higher point, I would expect a breakage downwards.

If this case is triggered, a fall to the 3300 USD may happen.

But, as I said, we have 50% chances as well on which the breakage may occur upwards. This option,

Upside Targets for SPX Running Out of Gas

January 5, 2019 Published by

After puking the day before the S&P 500 ripped higher on Friday on better than expected economic data.  The volatility has been wild for sure and the question is where can price go if we see some follow through on Monday
Upside SPX Target
What is great about taking out a major support level is it makes for a nice clean resistance target.  As you can see in the chart below the prior support area of 2580-2560 is our clear upside target now.
Price will either rally to this point (assuming we move higher), test and bounce off of it before going lower

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

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: “Proof of Keys” event…

January 2, 2019 Published by

As anticipated yesterday, the Upper Breakage of the “Bull Flag” was something predictable and it was exactly what happened after publishing my post yesterday.

Since then, BITCOIN seems to maintain a non-artificial increase of price, which is perfect to fit in the planned path, which for me is the conclusion of the “B” leg of the 5-3-5 Zig-Zag Correction as I anticipated since more than a week ago…

The end of the “B” coincides in time with the so-called “Proof of Keys” event.

“January 3rd of 2019 marks the tenth anniversary of the first-ever block of Bitcoin mined – the so-called genesis

The Rich Get Richer – This Infographic Says It All

January 2, 2019 Published by

For decades now there has been the outright cry of a shrinking middle class in the United States.  That, coupled with a larger concentration of wealth among the one percent has been to the chagrin of the American public for some time.
However, most don’t know what the actual income and wage numbers look like.  I recently stumbled across this info in an awesome article on Vox.
Where’d My Money Go?!?
In 1989 this was the income breakdown per every $100 USD among the different wage classes.
As you can see the top 20% got a large chunk of that income, but it was

Is Bitcoin Setting Up For an Explosive Move to Bring in the New Year?

January 1, 2019 Published by

Bitcoin continues to get squeezed, creating higher lows and lower highs. Overall volume remains weak. As price approaches the apex of the larger wedge it’s operating in, we should prepare for a larger move.

Looking at the 4 hour RSI, we can see it’s also getting squeezed. This also suggests a larger move to come in the next 24-48 hours.

In today’s video analysis I discuss, traps to avoid, possible trade scenarios, short term price movement 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

New Year: Same Rules For Successful Investing

December 31, 2018 Published by

As we count down the last hours before putting a close to 2018 and turning a new year it is good to remember it’s not always about doing something new or different to start on the right foot anew, but to continue doing those things that work.
Tried and True Practices
Getting refocused is always a good thing and using the turn of the new year to do so is more than okay.
However, let’s focus on what we know works when it comes to investing.
Risk-Reward Ratios
The bottom line is if you are getting into investments or trades that have anything less than

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