Ethereum Run Could Be Just The Beginning

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

Bitcoin Profit Target Achieved

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

Santa Brought You A Rally in… Bitcoin?

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?

Bitcoin Could Go How High?!

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?!

Off The Charts – On Burnout

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

Dogg Days Of Summer

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 Harsh Reality Of Trading For A Living

“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