TVC:GOLD has been on a rocket ship lately, and our beloved gold bugs are getting excited (as am I). However, we have to remember that markets never go up in a straight line, shaking out many investors on the way to all time highs. On the fibs we are approaching the 0.618 level. This is a key level around $1,500. I believe we will see quite the retracement from...
Silver is one of those classic investments that people tend to buy as price moves rapidly in a positive direction. By the time you hear about Silver's performance, the smart money is already unloading their holdings. I like silver. In fact, it's one of my top long term holdings. I think with the positive traction gold has had over the past 20 years proves the...
NYSE:GME is hovering near all time lows. While this may look like a savory opportunity to buy in cheap, I urge you to be very careful here. There is not an established case for there to be strong support here at this price. I would recommend waiting for some type of accumulation range to set up before jumping in. Be very cautious, and be confident in this...
With BITFINEX:BTCUSD screaming high above $8k, we've seen most alt coins lag quite a bit. Most performances have been pretty bismal, but I think things may be about to turn around if we can see Bitcoin cool off here. One coin that grabbed my eye was BITFINEX:XLMUSD . I did some chart analysis and it seems to have reversed trend giving us a great set up with...
Similar to the BINANCE:ETHBTC Chart, BITFINEX:ETHUSD has broken free of a key trendline that has been suppressing price since it's '18 highs. Breaking free of this represents a change in trend... but not so fast. This doesn't necessarily mean the bull market for cryptos have begun, but it is definitely time to start considering buying your favorites. You'll...
As Bitcoin starts to turn around, Ethereum and others appear to be bottoming. What I like about this play is that Ethereum has been known to run up a bit faster than Bitcoin during a bull cycle. If one was looking to stack more BTC, they can find opportunities similar to this one. Simple TA here. Ethereum has obeyed the trendline drawn from it's January '18...
I can tell by the title I wrote that gold bugs are already pissed off. Long story short, I think gold (and silver) will go further down in value. I first want to start by saying I love precious metals including gold, but I don't think this scenario is going to play out the way any sane person would think. That's why you have me, completely lacking all sanity....
Another one that popped up on my stock screener the other night. I have a stop limit set at $1.75 Hoping to make a play on this apparent flag pattern. See more detailed ideas of mine at Assetguild.com
This stock popped up on my stock screener the other day. I wanted to document this trade in case it ends up going well. What I'm seeing here on the daily is a break above it's 100 then 200 MA. Now we are in this consolidation period with a little coiling action happening within the triangle I've drawn. It's clear price is going to break in an explosive way...
Precious Metals markets have been doing well these past few weeks. GC1! SI1! A lot of the miners have already made their gains and caught up with the market, but some have not. Last night and this morning I have been searching for small cap miners that are playing catch-up with some upside. I found this beauty on my stock screener. USAS has just broken...
A few days ago I put out analysis on the Uranium miner ETF AMEX:URA . This ETF is probably the best way to get involved in the Uranium price action and stay diversified. But I wanted to take a look at the commodity price, as this will be the driver of new and existing mines opening up and miners increasing their profitability. The price can also give insight to...
What's going on everyone! We are seeing some pretty lethargic price movement with Bitcoin . It made a move to the upside early this morning, but came up short when faced against the 100 MA. That paired with consistently lower highs and a coiling in price, we are most likely due for a big move here. I give it a 60/40 chance to move to the downside, but there is...
Good morning. With the cryptocurrency and weed markets still in consolidation, I've been sitting on cash waiting for a good long term set up. Uranium is probably the most hated market of all right now. It's seen nothing but downside for the past 11 years, but is beginning to show hope with this setup. While AMEX:URA isn't a perfect tracker of the Uranium...
XRP saw a big jump in price going from $0.27 to $0.79. This move came on the back of some big news for the company Ripple, but we have seen price lose momentum. We are seeing a consolidation of price in the form of a triangle pattern. Bulls are buying at higher prices and bears are selling at lower prices. Situations like this normally result in a big move. I...
What's up guys. I've gone over this a few times already, but I think we are approaching a key point in the market. First of all, do not take any information in this post as financial advice. This is for educational purposes only and is meant to give you a perspective on how I navigate the market. Okay, now that we have the disclaimers out of the way... The Dow...
Stocks have broken significant market structure and are looking like they are starting to reverse trend. This may take weeks and months to develop, but it is clear that stocks have needed to make a significant correction for some time. Can I predict the exact bottom for stocks? No. This reversal could turn around anywhere. But charting simple trend lines,...
I have been watching the Dow Jones since we saw that 4,000 point drop. Ever since, we have been in a sideways range. Yesterday we broke the floor on that range in a negative way. Normally this would be a negative signal for stocks, but I think Trump's "Border Wall" move could reverse things from here so he can keep his precious stock market gains until...
What's going on guys! I've been remaining patient on Bitcoin and the crypto market in general. There are so many cheap, high quality projects out there, but the charts are telling me price has further to fall for Bitcoin, so it will likely do the same to a greater extent for the rest of the market. This is the capitulation that everyone is talking about. We...