Some time has passed since my last post about Bitcoin and the cryptocurrency space. In case you hadn’t noticed, digital currencies have gone on a bit of a run… I am not an expert in this space and don’t follow the ins and outs of the blockchain or any of the alt coins. There are… Continue reading The Bitcoin Price Target Fallacy
The world’s second largest cryptocurrency Ethereum has broken out as I predicted back on September 3rd. On the back of news that BitPay will now accept Ethereum, we got the breakout with slightly above average volume today: What is much more interesting is the look of $ETHUSD zoomed out. I have spoken before about the… Continue reading Ethereum Run Could Be Just The Beginning
Hello again. It has been a few weeks since my last update and you will notice a few things have changed around here. Before you go making fun, realize that I attempted to learn WordPress and a new theme package for an overhaul of this place. Just like you are probably bad at trading and… Continue reading I’m Back, And I’m Playing With House Money
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. When I look at Bitcoin, Etherum, Litecoin, Ripple, etc. I am armed with… Continue reading Bitcoin Profit Target Achieved
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 cryptocurrency have been on a roller coaster ride,… Continue reading Santa Brought You A Rally in… Bitcoin?
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 end up allowing it to trade where it’s freely tradable, to me that’s more… Continue reading Bitcoin Could Go How High?!
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 downtime. unplug and power down. I worked my fingers… Continue reading Off The Charts – On Burnout
Over the weekend, cryptocurrency markets were back in the news due to sell offs because of whatever headline you want to buy into. I skimmed through several narratives but prefer to do my own analysis. Here is what I think is setting up in Bitcoin in particular and what you can expect in the near… Continue reading Perfectly Normal Price Movement In Bitcoin
Bitcoin The New Gold? Wall Street Strategist Says Yes. (MarketWatch) Tesla Rolls Out First Model 3, And It Goes To Elon (Bloomberg) Apple To Introduce Mirror Like Finish For iPhone 8 (BI) Nobody In Hong Kong Wants A Tesla Anymore (QZ.com) Weekly Sector Rotation Report (Optuma Blog) Benzinga Fintech Summit Coming To San Francisco (Benzinga)… Continue reading Dogg Days Of Summer
“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” – Jesse Livermore Sadly, the storied career of the undisputed greatest trader of all time, ended… Continue reading The Harsh Reality Of Trading For A Living