RobBiddle

RobBiddle Updated 

I was stopped out when the trend broke. Waiting and watching for future long entry. Full reversal puts it back in the high 4 range, which wouldn't be unusual for a relatively young asset, there's also support in the 8 range. Time will tell and much depends on BTCUSD.

RobBiddle Updated 

If this trend line breaks we'll most likely be seeing new lows for LTCBTC.

RobBiddle Updated 

Small double-bottom formation similar to the one during the faster sell-off has formed inside a support zone. Larger double-bottom in an upward trend. I'm thinking its going to swing up into the upper 80s to start forming a large triangle. Stop below the lower trendline in case it dumps.

RobBiddle

H&S pattern on 4 hour chart is complete. Price is just above a critical trendline. If the H&S plays out it will dump down to $7-$8.

RobBiddle

When the Dot Com Bubble burst the market ended up bottoming near the point where index was during the recent ATH for monthly RSI. If that happens again that would put the bubble burst bottom just below 7k. Seeing as we touched that during the COVID crash, this also implies to me that we're likely to go quite a bit higher before this thing bursts for real and we...

RobBiddle Updated 

Beautiful consolidation pattern on 15min chart and strength indicators. Something is going to happen soon. Most likely LTC is about to shoot up relative to BTC.

RobBiddle Updated 

I'm not entirely convinced a new bull run has begun in crypto, but maybe that's just stereotypical doubt talking. XRP has had plenty of pump n' dumps since the previous ATH, so it wouldn't be too surprising if that is what we're seeing. If this is a new bull then we could be looking at the completion of major wave 2.

RobBiddle

Still looking uncertain with strong potential for downside retest

RobBiddle

BTCUSD quickly (parabolic on shorter TF) ran back up to ATH and was rejected. Looks dangerous at the moment. Looks like a potential double top, if new highs aren't made and confirmed soon. If it reverses/consolidates look for ~17k to hold if longer term uptrend is to be maintained. Breaks below 17k will likely lead to significantly lower values. Alts have not...

RobBiddle Updated 

Based on indicators it looks like previous pattern is repeating. Expecting a drop to ~79 before pushing into the 90s.

RobBiddle

The Federal Reserve is destroying our purchasing power. The Fed robs the poor to sustain the rich. Monetary expansion is indeed akin to printing money Zimbabwe style. CPI is used as a primary indicator of inflation, but it fails to reflect the fact that asset prices move in lock-step with money supply. The poor majority may see only minimal increase in the price...

RobBiddle Updated 

The only way I see this scenario being avoided is with a Trump landslide victory. I don't see that as likely. A Biden landslide would be disputed. A Biden small victory would be disputed. A Trump small victory would be disputed (although the fight will be shorter in this case). Once the chaos begins there will likely be no safe haven to be found, all assets are...

RobBiddle Updated 

Looks like the macro trend is shifting downward. The behemoth tech rally/bubble is likely over. The Hourly MA crossed positive back in April and held throughout every downside move since then, until now. Without a pretty massive move to the upside in the next few hours the bearish cross will happen. Get ready for the trading algorithims to rapid-fire sell.

RobBiddle

Playing with numbers, trying to view equity valuations through the lens of the modern Fed era. Realtive to M2 it looks like we're in a Bear-Market-Rally even though indexes are at ATH. It looks like we now live in a bizarro-world where equity prices in a Bear-Market go up while the money supply vastly outpaces productivity. The Fed is now saying that they...

RobBiddle

Tech is clearly a bigger part of the real economy (GDP) today compared to 20 years ago, but even with that in mind this market is in the Stratosphere. Will everyone keep buying no matter the price because TINA (There is no alternative) due to artificially low interest rates. Do recessionary conditions in the broad economy no longer matter? Do business...

RobBiddle Updated 

Lots of Bullish Technical aspects. The trend has been Bullish since the recent market bottom, much more so than has been seen in a long time for PLT. Inverse H&S has formed, watching for a potential breakout to the upside in the next couple days. Big gap above as well, will it get filled? Fundamentally the recent earnings were mostly positive but not nearly as...

RobBiddle Updated 

With so many people needing Headsets for work-from-home, I'm expecting a big earnings surprise for Plantronics, but given their history of failure maybe they fail to capitalize on the increased demand. Either way it should be exciting. Bought June 19th 2020 $25 Calls & $12.50 Puts in a 10:1 ratio for an even-money lopsided 2-leg straddle strategy. Plan to hold...

RobBiddle Updated 

Draft Kings might be a good growth stock down the road, but for the short term this stock will likely tank as the overall market declines. This stock is trading higher during this bear-market-rally than it did at the market peak. The market peak was before all professional sports were cancelled. Buying puts offers high reward:risk