MetroBoomin

MetroBoomin

Ok this one is interesting. Let's check out the divergence between the equity market and gold. No statistical arbitrage opportunity on this one, but this seems to indicate to me that once the correlation between the two starts to get closer to equilibrium, gold will already be rising and equities should begin a descent down, although likely not for long. The...

MetroBoomin

This is a follow up of my previous idea. Now we will take a look at the current volume pattern in BTC on the same time frame. For my idea to be proven right, I will need to see an influx of selling coupled with this low buy volume. The past 150 points on BTC has been driven by very little buying as we are seeing a sustained trend that is more like an equity...

MetroBoomin

Watch the previous obliterations of BTCUSD pricem which I have noted on the chart. A 10% drop and a 30% drop. Now correct me if I am wrong but these were more event driven than anything as the wonderful market manipulator (Chinese government) came out and made disparaging remarks about Bitcoin (wonder how much insider shorting or selling happened). They...

MetroBoomin

Significant sell volume has been observable in the crude market over the past few trading days. Short term this presents an excellent swing opportunity provided that the buy volume comes back into the market as traders hope to buy cheaply and cause a small rally into the end of the week. I am aware this completely contradicts my last idea, one must keep in...

MetroBoomin

Crude is starting to move down. Strength is weakening. 46/BOE seems unlikely and a lower probability outcome. Depending on overall strategy this presents an opportunity for buy side to add to crude exposure at a discounted price. Sell side will likely be pushing this if trend continues in order to prop it up. I am curious as to what others think about the...

MetroBoomin

Currently short on GBPUSD. But who isn't when its in a downtrend. Expectation is a slide down to 1.29 Will exit if a period of consolidation is followed by institutional buying.