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amazon....to the moon without seeing the ocean trenches ??I'm a crypto guy and love serving the coinvestor army. And as digital recon, I look not only in crypto, also into the stock market. I'm also one of the guys looking into numbers like all kind of debt stats, financial markets worldwide and so on. In talk with some IT workmates, I started to look into amazon with our simple coinvestor support/resistance RSI strategy and with my lil knowlegde in charting, I find some quiet interesting hits I wanna share. RSI has nothing special, from fundamental view, people renting AWS servers and buying stuff on marketplace like crazy, so amazon to the moon ?? Properly...yes, why not, amazon is like a t-rex in every business they decide to expand to. But there is a low high, which is harder to overcome day by day and Christmas is pretty far out yet ;-) So I added the good old fibo retracement to see possible pullbacks and discovered a unclosed gap near the 61% fibo rt. 2008 was bad even for amazon, they give a lot of loans due there creditcards as well, I know thats peanuts, but a major recession will also affect amazon for a bit....not for long but we as coinvestors always know a bargain when we see one and to make a snap should now be in our nature after we got battlehardend nerves accumulating coin due cost averaging back in 2018. So amazon is a strong buy for the doomsday list, the stock list the #coinvestorarmy monitors stock, because when there's blood in the streets, we already know what stock to buy on what price, cause we did our homework today and not if the stupid masses and mainstream media comes in place. So keep a watch on the 31% and 62% retracement and this stock could also be used as global market indicator.
NASDAQ:AMZNShort
by mr_coinvestor
Dealing with FUDSo, not a good one last week, would have been better to stick to cost average on fridays, but misinterpretation is part of the game. As Coinvestors the only thing to avoid is miscalculation of positions and to buy in with too much to early. Believe me, I did that a lot, so I learnt to set my posistions in the right size, to participate in the market on a support and to have enough fiat left to buy more should the market drop. FUD - Fear, Uncertainty, Doubt Last years rally has set greed in the crypto market to a another level, but this always happend, if something is growing bigger. Greed is good !? Where's greed, there is always fear around the corner...fear of loosing money by selling to early, fear of waiting to long to hit the market bigtime, fear to set a stop and miss a bullrun, fear to set no stop in a volatile market and so on.... This is the stuff EVERY bigplayer, daytrader, coinvestor and ordenary Joe invesot has to deal with...and there is no patent how to overcome fear that leads to buying high (fear of missing the run) and selling low (panic in a bear market). But with the simple strategy of informing ourselves in crypto world on a individual but regular bases and cost averaging selected coins and project we believe in we have a mighty weapon in hand. The #coinvestorarmy should follow this simple rules everytime the make a crypto buy and trade ASK YOURSELF EVERYTIME - Is the Coin/Token I wanna get worth its market cap - is ther e a true benefit in the oin/Token I wanna get - am I in for short term (<1 month), midterm (2-12 months) or longterm (> 1 year) ALWAYS REMEMBER - you didn't loose anything until you sell - Think twice before you sell AND buy - Panic was never a good advicer - Don't invest more then you can loose - High risk come rarly with high reward when feelings and only opinion from others are involved
BITFINEX:BTCUSD
by mr_coinvestor
its a long way to the top if you wanna rock&rollLong time no see coinvestors :-) But with possibly leaving the b(tc)ear market, I will check by here more often. I did not change much on the coinvertor army chart, just added the blue line and the arrow for the major cross support that must not fall for sake of not loosing the upward momentum. RSI shows a good portion of an overbought market, something hadn't had for a loooong time and the air above the yellow EMA200 line smells also much better. Due the fact the coinvestor is here for longterm gain and is still in cost averaging and hodl mode. We see our continuous investment due BTC's hardest times times finally pay of, all the bitter times buying weekly in a falling market made our mindset stronger and it made BTC stronger, so all good for now. Trades should expect some better prices in a test of our lower support. The world economy is cooling of, gov. debt, Trumps trade wars, private loans spiking, Brexit, EUs glorious zero interest rate policy, Cold War talks from "drain the swamp" Neocons, China and Russia buying tons of gold, falling US housing prices.....no one with a IQ>40 (41 has an empty beer can) would call this an healthy world economic environment. As always, inform yourself and trade wisely /Iggy
BITFINEX:BTCUSDLong
by mr_coinvestor
BTC/USD, little cool down inbound BTC has outperformed most big altcoins and that quick jump back in the positive EMA200 region is a sign of returning fortitude in the cryptomarket. But I added also a new trendline (grey),that's our resistance the market has to overcome to continue this rally. For the first time since I write for you guys here, we have an overbought RSI and the MACD turns slowly towards its signal line. I good old BTC could close a daily candle above 8300$, the rally should go on and the next resistance 9950-10000$. But regarding the RSI, minor setback to 7900$ is likely. Coinvestors continue the cost avenging strategy, traders should look to buy in with a stop on the EMA200.
BITFINEX:BTCUSD
by mr_coinvestor