by Trent Smalley, CMT | Dec 24, 2018 | Stock Market Trends
Last Wednesday I did a post on the recent strength in Bitcoin, highlighting a near term profit target of approximately $4200. This has been achieved swiftly. There is no asset class which adheres to technicals and sentiment / investor psychology than cryptocurrency....
by Trent Smalley, CMT | Dec 19, 2018 | Bitcoin, Crypto
On the anniversary of its all time high, Bitcoin has staged a rally in the face of a global risk off environment. Near the apex of the falling wedge pattern over the past month, you see some heavy sell volume which might signal capitulation. Investors in this...
by Trent Smalley, CMT | Jul 19, 2018 | Uncategorized
Yesterday, billionaire investor and head of Avenue Capital Marc Lasry said in an interview on CNBC’s “Squawk Box” that he is personally invested in Bitcoin and sees it reaching $40,000. “As it gets more into the mainstream, and as more markets...
by Trent Smalley, CMT | Jul 7, 2018 | Uncategorized
Good Evening, I write this to you after coming off of a mini hiatus. A hiatus from blogging, responding to emails, text messages, phone calls, and in general doing anything I didn’t want to do. Over this holiday week, I took the opportunity to enjoy some...
by Trent Smalley, CMT | Jul 24, 2017 | Bitcoin, bull market, Crypto
Back to the basics here since your brain is mostly likely still foggy from your booze filled weekend. Bitcoin is consolidating, possibly looking to breakout. A textbook pennant pattern is setting up in the cryptocurrency. Bull pennants often mark the midway point...
