Sherem

Sherem Updated 

In the maximum stupid series we are going to add NVDA. Bought Sep 18 2020 350 puts. Good luck, -Sherem

Sherem Updated 

BCH might be worth taking a flyer on. I think this coin is trash. However, Grayscale is submitting to get them on the OTC market like there BTC and ETH product. This could easily add some buying pressure and drive the price up dramatically if all of crypto moves up. Small position to risk a massive move. Nothing even technical about this buy as an FYI. Pure dice...

Sherem Updated 

Ether continues to march upwards and IMO is in the making of a much larger move to the upside. BTC is also setting up for this and I will post about that shortly. If you have been sitting on the sidelines it's time to start using caution and entering the markets with appropriate risk and know what the downside is. ETH has just broken through the last upside...

Sherem Updated 

It's been a while since I have posted on LINK and with all the activity I want to give my two cents. First, Link was forming a nice ascending triangle some time ago and I was sitting starring at it thinking, man that looks like it's going to bust up to my original $10 LINK target(see some of my past ideas on that). Sure enough, we are almost there. With this...

Sherem Updated 

If you zoom out on BTC this could be the chart pattern of what could be a MASSIVE move. Check it, left shoulder, head, right shoulder. Everything is setting up perfectly for this right now. We have it going up into a massive downward purple trend line, with little pull back. We have MACD slowly sloping up and moving higher. We have RSI that has not dipped and...

Sherem Updated 

XLM has had a solid break to the upside. You can see it broke it's long term resistance and also has a lot of long term market structure that it has been forming around. This set up could push XLM up to .20 if not higher. Happy trading, -Sherem

Sherem Updated 

Tezos' has a very similar structure to LINK right now before it busted up. We can also see that it has surpassed the previous high and is steadily moving up and has yet to pullback or have this be a fake out. Buying here. If it does something similar to LINK, we will see $5 which is our target. -Sherem

Sherem Updated 

I love Tesla, I love Elon Musk. but even on his own admission, this stonk is too high. Bought Oct 16 2020 1050 puts for a breakdown. Good luck. -Sherem

Sherem Updated 

JPM is coming out with earnings on Tuesday the 16th. A lot of people are HEAVILY bearish on financials. But how bad are the banks really when they are raking in money from the PPP programs? Not to mention all of the bad loans the Fed is taking off the books? We could see a big pop up after the earnings call. I will be out if nothing happens after earnings. Aug 100...

Sherem Updated 

Adding to the maximum stupid series is Shopify. Look at that bullshit. If nothing else people are going to start taking profit after such a massive run up. There is a reason I am buying puts, I can fix my lose in case things keep getting stupider and I end up being the stupid one for trading against the stupid. Oct 2020 800 puts. Cheers, -Sherem

Sherem Updated 

Try this VIX play. I bought long dated Dec 16 2020 $50 calls. IF the market crashes again this has a huge pay day. It also is dated a long ways which means that my overall risk isn't off the charts and I can get out with minimal loses in case nothing happens. Rolling the dice here. Also TVIX is closing out on the 12th so any other rolls from credit suisse will be...

Sherem

BTC has been consolidating for quite some time. Here is the rub I have with BTC right now, it just hasn't been able to break the equity correlation it has had. Which means with all of this money printing it hasn't been doing what it was designed to do and to offset that. Which is inherently not good. Now, maybe that takes some time to really go into effect. After...

Sherem

Is this an alt coin or amazon? I will let you decide. Everyone knows it's too high, it's just a matter of when before it pulls back. Technically there aren't any divergences on lower time frames. just the monthly which you can see here. Means we could go a higher, which is crazy. If you are going to bet against this, long dated puts are probably the best. -Sherem

Sherem Updated 

The crypto market is following the stock market lock step. While the stock market as a whole is lagging, tech companies are propping up the market and have returned to their highs. Case in point with XTZ, while BTC has returned to it's pre-crash level, XTZ has not. It's trend has lagged and it's now forming this head and shoulders pattern. The only thing saving it...

Sherem

With Coronavirus cases surging, the global economy on the brink and a nice technical IH&S pattern forming I imagine we will go to $80 on the VXX. the confirmation of this is a breakout of the $42 area. -Sherem

Sherem Updated 

Before you laugh at the absurdity of the question. Look at this chart with an S&P overlay. What do you notice? That they look bloody identical? Some serious questions for BTC maximalists. What good is BTC if BTC can't do ANYTHING different then the S&P and follows the FED in LOCK STEP. Stocks go down, BTC goes down. Stock go up, BTC goes up. Maybe it's...

Sherem Updated 

If this is indeed a Head and shoulder's forming, a break below .18 will be catastrophic. We could go very low. Not short but no reason to go long at this point. -Sherem

Sherem

As we are breaking down the question is, is this the beginning of a major breakdown? It could very well could be. As the globe enters into a recession the demand for fiat will increase pushing BTC down. How far down it goes is the question. We can see that BTC still has an upward trendline in tact, a break of this will cause BTC to cascade down to 5k or lower...