wave 5 bullrun... how long?burning question; once it starts, how long will this wave 5 run on for?
we've seen GVT hold sublimely through the bitcoin dips and has maintained the 0027 correction (wave 4) at around 50% - harsh but not abnormal.
we have a few possible outcome ahead and also some news and presentations with alpha release (imminent) and a calendar worthy expo within Q2. now on Friday there was a murmur of 'Genesis Market' and that spurred on a little 0003 sat mini run so im thinking that wave 5 could be glorious for GVT fans.
mathematically using Elliott Wave theory we have to climb either 0.62,1 or 1.62 times the length of wave 1 to 3, this means at minimum we have a 0024 climb, add a sprinkle of an alpha release with an expo presentation to 30,000 people and we could see it extend all the way, it will just be a matter of timing.
either way i will be hodling this token as its a risk to short early but i do look forward to looking at my portfolio as this token climbs the coin market cap rankings.
ALPHA-C
BTC VS GBTCSorry to offend the hardcore decentralized crypto-traders but, the capitalist pig in me wonders if GBTC is worth the added premium? One share of GBTC represents 0.09196847 BTC ($1005.21 at current spot price). Current Price of GBTC at this time is $1665. (a 65.67% premium to BTC). This chart showing the BTC return and GBTC returns from 08/20/2017. BTC is up 162% and GBTC is up 136% (a 26% difference) Is the convenience of buying GBTC in your brokerage account or IRA investment account (on a regulated exchange) worth the cost of entry opposed to putting your trust in Gemini, Coinbase, etc.? Is owning the pure BTC the best play for the long term even though institutional money is stampeding into the crypto space.
2017 - OCTOBER RESULTSDear traders,
Here is the usual report for previous month. After fabulous september month, we had a Okay-ish month in October with a small growth of 2% or a few hundreds pips.
Best of luck for November!
OTK Trade
EURGBP +21 pips / +0.13% (follow-up of september)
USDCHF +85 pips / +1.74% (follow-up of september)
AUDNZD +93 pips / +1.79%
COUBERTAIN Trade
CADJPY 0 / 0 (follow-up of september)
PALLADIUM 0 / 0 (follow-up of september)
EURJPY +27 pips / +0.37%
FAIL Trade
EURCHF -179 pips / -1%
AUDCAD -57 pips / -1%
EURCAD -63 pips / -1%
AUDJPY -40 pips / -1%
EURNZD -265
ON-GOING Trade
EURUSD
WHEAT
AUDUSD
EURAUD
CADJPY
CADNZD
SILVER
GBPCAD
EURCAD
USDCAD
NGAS
Easy Moving Average Trend Trading Setup2 Moving Averages, MA11 and MA31, close. Safe gains, stop loss at break even. It's not every penny you could make but it is a safe way I made a few bucks last week while testing new ways to spot check another system/method I am using.
$52 worth of gold movements last week wasn't too bad for a system so simple.
Enter/close when the two MA's cross. If they are too close, sit it out. You can add other indicators such as RSI methods too but just wants to focus on this alone in this test.
Don't let this chart fool you, there were a few trades exited but for $1 movement losses; either stop loss at break-even or manually when it got "hairy".
Good luck, have fun and trade safe.
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Stable Alpha Generating Portfolio Yielding 4%If you want protection from a market correction, but want to still generate some profits without going short, or long consider a balanced portfolio of two slightly negatively correlated but stable ETFs. PBP writes call options and collects premiums to the tune of 4%. MNM holds municiopal bonds which yield about 3.7%. When one goes up the other comes down and so in combination the portfolio is true market neutral with very little volitility.
Historically a 12% variation can be seen, with a few sudden drops and a recovery that takes about a year or so. I recomment stop lossing MLN in case the Fed action does something crazy with this ETF.