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Tag: trading

BITCOIN: Two important levels to watch out

June 7, 2019 Published by

Despite the correction seems to be done, I am not satisfied at all on regards what we can see on the 4hour-chart of BTC/USD.Certainly, BTC bottomed around 7400 USD while I was expecting 7300 USD as a good entry point (see my post of 3 days ago) but the trading volume does not differ so much from the last days and even if we are upwards, this variable seems to be stagnant nowadays… You can see how different it was when we were seeing BTC growing on early May…

However, the Volume is one of the factors to take into account

Bitcoin, EOS, LTC, ETH, BNB and XRP Analysis: Bulls Put Up a Fight

June 7, 2019 Published by

Yesterday we discussed how bitcoin would likely retest the $7,500 support. I had my doubts this support would hold a second time, but bulls proved again they’re not out of the fight. We watched a textbook double bottom bounce as price rallied to about $8,000 before finding resistance. It’s currently trading around $7,950 on Coinbase. Daily volume is stagnant, suggesting traders are still taking a watch and wait approach.

In today’s video I analyze Bitcoin, EOS, ETH, LTC, BNB and XRP. We’ll discuss where prices might be heading next, key areas to watch, traps to avoid and so much more. I

Gasoline Analysis Report 4/13/19 – Are We At The End Of The Bend In The Trend??? – Part 2

June 7, 2019 Published by

I talked about gasoline nearly two months ago, where price was near monthly and daily supply, the chart suggested price was going to reverse and layout the groundwork for the trade set-up.

If you missed the trade, here’s what I’m looking for next…if price is going to move lower, it must take out the demand circled in pink, then pull back, before heading lower.

Gasoline Analysis Report 4/13/19 – Are We At The End Of The Bend In The Trend???

Oil prices fell into bear market territory on Wednesday thanks to global tensions and fears about oversupply – but that could spell good

Crypto Contest June 7: Fetch

June 7, 2019 Published by

Fetch (Binance: FETBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Fetch began a wave one advance on May 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 21, and the red wave two (blue sub-waves a-b-c) correction ended on May 27. If this wave count is correct, Fetch should be heading next towards the May 21 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Fetch brings together machine learning, artificial intelligence, multi-agent systems and decentralized ledger technology to create an economic internet. You can watch

Quovo Inevitable Will Get Hurt By Huawei Ban

June 7, 2019 Published by

In late May, the U.S. Commerce Department added Huawei Technologies to its Entity List, saying they believe Huawei has been involved in activities contrary to the national security or foreign policy interests of the United States and can’t any longer buy components from U.S. companies.

The jab on Huawei was just Trump seeking more leverage in the ongoing US-China trade war saga.  Companies, in particular the semis have started to report lower guidance.  For example, Nvidia and Intel  recently lowered their guidance.  The latest company to make an announcement regarding lowered guidance was Skyworks Solutions.  However, one company, Quovo, that gets

Forex Price Action Baby, No Technicals or Fundamentals…Trade #18 – Sold EUR/NZD (6/6/19)

June 6, 2019 Published by

10,000 Ft View – 4 Hr Chart

Lets zoom in to the 1 hr chart. What I like about the level is price lost momentum to the upside, rounded out and now price is making lower highs and lower lows.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Bitcoin Analysis: Consolidating Before Next Move

June 6, 2019 Published by

Bitcoin has been consolidating on top of major support at $7,500. It seems to be getting squeezed within a small wedge, currently trading around $7,700. Daily volume has died off a bit as traders are waiting for the next move.

We’ve now seen a daily candle open and close below the 21 day EMA.

Long and short positions are both dropping, suggesting a lack of confidence in direction.

In today’s video I discuss where price may be heading next, buy and sell targets, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video,

Crypto Shopping Cart – 06 June

June 6, 2019 Published by

Prices went down, but the market is clearly moving along. That can only mean one thing: time to get the Shopping Cart into gear!

BTC has made some good gains this year, but for the most part, altcoin prices remain very low compared to BTC. The whole market may have climbed by about 150%, but the alts have been slow to gain any sat value. While we can’t be certain of this, it is likely that altcoins will eventually make significant gains against BTC. I believe in BTC, I really do, but I don’t believe that it should hold over 50%

Unusual Options Activity In SPDR Bloomberg Barclays High Yield Bond ETF, JNK

June 6, 2019 Published by

The SPDR Bloomberg Barclays High Yield Bond ETF, JNK seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays High Yield Very Liquid Index.

Analysts skeptical of calls for a trade-induced economic downturn say the resilience of so-called junk bonds shows the U.S. expansion has room to run, and that the growth worries emanating from an inversion of the Treasury yield curve — when short-term rates break historical norms and trade below their longer-term counterparts — have gone too far.“So far, credit spreads have remained well behaved, which also suggests to us

Crypto Contest June 6: Grin

June 6, 2019 Published by

Grin (Poloniex: GRINBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Grin began a wave one advance on May 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 21, and the red wave two (blue sub-waves a-b-c) correction ended on June 3. If this wave count is correct, Grin should be heading next towards the May 21 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Grin is a cryptocurrency focused on privacy without censorship in its implementation of Mimblewimble. The Cryptoverse covered the coin earlier

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