could be big selling opportunities with this now done a little breakdown at the patterns its showing now and it looks nice just going to wait to see if it just pushes a little bit higher to then sell this :)
These are exciting times! BTCUSD has been charging north up to 10,000 - and into a zone of structure. Nerves may set in. People have forgotten about the ALTS where there is now 'blood on the streets'.
I review a bunch of ALTs where nobody would want to invest.
Disclaimers: This is not advice. Your losses are your own.
In this screencast:
1. I explore what Bitcoin and blockchain are - and what they are not.
2. I explain the similarities of blockchain to what banks do.
3. I show where there may be opportunity for a controlled loss*.
* Those who follow me will have seen that I refer to controlled losses quite a lot because that is ultimately what trading is about. Overall,...
This is BEYOND technical analysis!
YES - I'm saying that it's time to move away from BTCUSD, even though there was a big pump recently. Eh? Yes - although the market reacted in a way that I expected in previous vidoes, I'm saying that from an investment perspective:
1. It's too expensive
2. It's too risky.
So why am I saying what I'm saying? You'll have to...
There was panic around high noon UK time, as news broke that the IRS will be sending warning letters to American cyrpto traders. This caused a dump on BTC and shockwaves were felt throughout most of the cryptosphere.
But hold on - the IRS does not rules the world! This dump could well make BTC and other major cryptos very attractive to international investors...
Bitcoin - Intraday - We look to Buy at 10200 (stop at 9800)
A Morning Star formation has been posted at the low. Bias is mildly bullish today but we need to see a break of 10800 to confirm the upward pressure. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an...
Mr Trump has strongly disapproved of Bitcoin. The markets couldn't care less. People are holding on to their Bitcoin in a zone of consolidation on the daily time frame.
The consolidation pattern is safe down to around 9500. Bitcoin reached 10 times the recent high price of gold at one stage.
I look at possibilities positive and negative for the future.
In this screencast I make out the argument for Bitcoin getting to $30,000 USD in 2 years. This is not a prediction. My speculative projection is based on geopolitical, macroeconomic issues and market psychology. No fundamentals involved.
Have a listen. If you have alternative ideas do share by commenting or PM. Let's share and learn together.
Well.. well, unless one is Rip-van-Winkle, it shouldn't be news that everybody is stampeding out of cryptos. Thankfully I made no predictions on Bitcoin or any crypto going north. There were indications of a probably pump north a couple weeks ago (and for every probability in one direction I said there is a probability in the opposite). So now we're into dump...
There is an almighty squeeze in momentum in the last month after price has contracted into a powerful zone of support.
So - the big issue is South or North? There is tension in the air. Everybody know that something is about to happen! When is the big question for everybody. Well, we cannot predict the future.
For me it is about a strategy to catch BTC on the...
I have opened a long position on the horizontal support that Bitcoin is holding at $6577, which coincided very nicely with the top of Wave 1. Elliott Wave - Wave 4 cannot move into Wave one's region, so it was a very nice risk to reward ratio long for me with stops just below Wave one's top. I will be holding this long(keeping a close eye on it of course) up to a...