Buying CRYPTOCAP:ETH at support lines, yellow arrow down, is working out, so far. (Don't post here as much as we'd like. Pls see profile for more info) For AMEX:ETHT that about 1.5 points, lil more than 10%. For a few days, less than a week = good. Weekly #ETH is not great but it's forming an Inverse Head & Shoulder, which can be a bottom forming pattern. #Ethereum
After #InterestRates were cut people were expecting a furious wave of buying, this has not come into fruition. Recent events: 2Yr Yield rallied substantially. 10Yr #Yield bottomed when we called it, has not run as much as it's shorter term counterpart. We're close to inversion again! Colored areas = POTENTIAL Inverse Head & Shoulder = BOTTOM. Worth noting, ...
We were on point with the expected drop of CRYPTOCAP:BTC not being severe. However, was a little off on where it would find support, #BTC. Can't get em all :) Drew a 2nd box on the chart to measure by how much we were off. AMEX:BITX & AMEX:ETHT have done well Pls see more profile for more info (we don't post as much anymore, lil busy)
Was away and have not posted here in some time. Was away and had a few things neded to take care of. Please see profile for more info on that. Will consolidate everything we have said on #Bitcoin over last few days. CRYPTOCAP:BTC was worth a shot early this week or late last week. We bought overnight Sun - Mon. Mid 60's is likely around the corner. Don't see...
CRYPTOCAP:BTC was weak after we called top. We turned bullish on #BTC right around the most recent lows. We sold ALL our #Bitcoin ETF's at the beginning of this week as it was getting closer to resistance and the RSI & $ Flow are weak. Weekly chart shows that the downtrend is still intact. We posted the last chart some time ago. Our analysis is looking more &...
#Bitcoin peaked "yesterday" morning. So far today it is holding the RED Mov Avg, arrow. We see 3 bullish moving avg crossovers shown by the circles. Volume has been mostly selling, but holding well. Interesting to say the least. CRYPTOCAP:BTC RSI is a tad weak, which is concerning.
Not one to brag but....... TO THE DAY!!!!!!! How long, how many months, have we been posting this chart with phase 1 and phase 2 of #BTC??? Well, first let's see where CRYPTOCAP:BTC closes today. But so far it is looking good at a close on the EXACT day of phase 2. FYI #bitcoin volume is pretty good and still a lot of time left untill the end of the day. #crypto
By the graph included, we can see that Asian container freight rate prices are skyrocketing. This is due to disruption & stock. This is good sign for the overall economy, means not in recession. With news that Trump is being called the next prez will #oil trend lower? Maybe one can offset the other? LSE:INDU SP:SPX NASDAQ:NDX AMEX:USO
Just a hunch on $BTC. We bought ETF's on this last dip. IBKR only allows 10% crypto. May begin buying spot again as we sold close to top. First an explanation on a 4Hr #BTC chart broken down into 3 phases (Letters A - C) A The descending arrow shows $ Flow weakening. There were huge buys but sells were eating it up. That was a RED FLAG. We spoke about divergence...
WOW what a phenomenal day! There was HUGE volume on the TVC:RUT AMEX:IWM & it closed near the highs of the day!!! NASDAQ:NDX on the other hand had heavier than normal volume and closed near the lows of the day Add to the misery, bearish engulfing was formed today. NASDAQ:QQQ Did we just see the initiation of money rotation?
NASDAQ:INTC has hit the 1st level. We are being strategic and locking in some gains. We are over 10% profit mark in a few days & Intel is above the gap fill area, which was the 1st tranche of selling. Still have a good sized position and wrote covered calls on 1/4 of the position. NASDAQ:SMH NASDAQ:SOX
Built a larger than normal position on #Intel. NASDAQ:INTC The sell areas are highlighted by the yellow circles. 1st tranche around 34.5. 2nd tranche around 43.5. 3rd tranche around 49. There will be a trailer left for a longer term hold/ This is with the hope that there is a turnaround in the company. The last gap fill is in the low 60's. NASDAQ:SMH
And there goes the the 2Yr Yield, it is whimpering. Unless something happens this is rolling over further. 10Yr Yield had a nice bounce but it is also rolling over. TVC:TNX is only 33 basis points from normalization! Short term #yield is looking very weak, 6 month and 1 Yr, not shown. More info see profile...
Good Morning!!! CRYPTOCAP:BTC is still in a range. It is currently higher from repurchase but not it is not going up in strength, trading this portion unless we see a change. What is needed to turn fully bullish on #BTC? RSI over 50, which is the orange arrow. $ flow positive trend, which is the grey arrow. #Bitcoin has 2 more weeks before the 6 month, 2nd...
Yields are pulling back a bit from the run they had yesterday. It was expected to have a bounce at the support levels. The 2Yr & 10Yr #Yield both look as if they want to settle a bit but time till tell . We will see how Yield reacts over the next few days. It is important as a crashing yield can mean higher prices all across the board in many assets. We've...
TVC:VIX analysis Weekly the VIX showed a doji last week. This showed a sign of possible of reversal. However, it has sputtered this week. Daily shows that weakness a bit better. We got the bump we expected but IMO the VIX EVENTUALLY, later in the year, falters. SP:SPX looks kind of dazed as well. CBOE:VXN AMEX:VXX
We have been showing this for some time now, couple months or so. This scenario is looking more and more likely as the days pass on.
Interesting that CRYPTOCAP:BTC sells off the largest amount in months right after we said there was more downside coming. #BTC is at a MAJOR support level so the bounce was highly likely. (Pls see pro pic for more info)