Not saying sell your bags, I'm not, but rather I am looking for a decent entry into GBTC on my "adult portfolio." These prices are too damn high for that. I joke, but a decent correction in the short term might be what BTC needs to gather strength to break out to new ATH.
Looking to correct below 9500-9300 or lower > break down from small rising wedge 9520-40 averaged in. Position split into two trailing stops, will modify deltas as needed. Using XBT via Bitmex. Bulls will defend 9500 because that's how bulls think, in round "magic" numbers. Successful short therefore relies on 9500 being broken and taken and held by shorts....
I usually have a policy to be cautious about buying into a Rising (I prefer the term ascending though) Wedge. Bulls got ahead of themselves, perhaps. No doubt there will probably be less gloating for the time being. Maybe we get a W as a consolation prize. I am not short, nor do I intend to go short. I am a long term bull and short to medium term bear. Thinking of...
I am looking to sell obviously, but the question is when. If we look at the previous bull market in gold, the gains were upward of 200%. Do I think money printing is that powerful this time around? The question remains to be answered, and should gold continue it's upward trajectory, price action will be very interesting over the next couple of weeks. I think many...
Typically the best time to initiate a short position is after a sharp rally, but I am not in a position at the moment, this is a wait and see situation. One Possible play is to wait until we rally further up and I would then look for a parabolic move prior to initiating a short position. This is just an analysis of the current state of XBT. S&P went from looking...
Aiming for 300 or lower, from current levels 307.80
Work in Progress ENB Long - WIP , setting this up to remind me to keep tracking price. Not setting up any orders at the moment. Will revisit. Long term buy and hold strategy. Possible Descending Triangle in play. Good buying opportunity in low to mid 30s. 4hr chart has an MA death cross in the works which could help move price closer to target.
On the lookout for stable investments, and I came across a list of Canadian REITs, which if you don't own or plan to own a home, are a decent investment vehicle for stable monthly returns. People pay their rents, what could go wrong. I want to buy, hence I am looking for longs, but my gut is telling me now is not the right time, at least for Northview, should this...
Rising Wedge Pattern looks to be in Play for BNB vs BTC which might mean slightly higher prices for the short term, but it is a bearish pattern on naked charts. I have a small holding of BNB, and I like BNB, but for now, until BNB becomes cheaper, More BTC never hurts. Not a trade but a small portfolio adjustment. With last night's BTC sell off, good time to load...
I have been holding BAT since last year. I only took small profits the last time Basic Attention Token moved up to and was rejected from 0.50 in Mid April of 2019. Yesterday I added to my position at 0.33. The majority of my holdings were purchased via Dollar Cost Averaging below 0.20. I may add more in the next day if circumstances merit the action. I am looking...
All eyes on 100, should resistance be taken, possible targets are 113-122-140 for conservative profit taking as per fib extension.
ENB Long - WIP, setting this up to remind me to keep tracking price. Not setting up any orders at the moment. Will revisit. Long term buy and hold strategy.
Selling from accumulated positions at or near 234 - target bottom of current market structure near 227 - using a trailing stop if we see lower, but will close if things move much higher from here. BTC is the leading indicator, and I think there may be a test of 7500 in the works. If this position moves into profit, I will monitor for a better profit target.
Longing ETH/USD - Potential Double bottom marked with red double arrows at approx 236ish > entry buy short term accumulation 242-244 range With the action on the last week, this is being run with a very tight stop below said double bottom. 1st Target 255 at which point trailing stop will be moved up to Break Even, and will consider adding to said position...
BTC stopped hard at 9000k, price has now been rejected heavily at 8800K, so new downtrend has emerged. Further price action will influence your strategy. For now, buying in the green zone, for long term accumulation until price breaks up again would be my strategy. This setup would only be good for short term leveraged positions, with an emphasis on tight stops...
DJIA pumped on avoidance of government shutdown - not so much good news as news that is not bad. Is USD/JPY in a correction of a downtrend? Probably worth a small short from 110.50/70 around, though less aggressive would wait for better confirmation. Also the lack of volume to the downside is palpable. I think only a break of 109.25 would signal a change in...