OSTK momentum overBroken trendline. Failed to make new highs. Negative headlines coming out regarding ICO. Crypto markets weak.
BYON trade ideas
OSTK - Red LightOSTK - Stopped out due to price action. Will take another look at the 21 day moving average ~74.10 on a close.
OSTK Long here with a short term target of ~$90Better late than never. Looks to have a good shot at reaching $90 in the next few weeks.
OSTK: Melt Up + Bitcoin = Squeeze another +100% trophy! NASDAQ:OSTK
Observations
1)Heard it was a position recommended by Porter Stansberry. His newsletter followers at some point were +90% up in the position.
2)Soros is 'IN' the money invested for the long run.
3)If you have a 'weak stomach' or have 'crypto trust' issues, then pick and load the boat baby with this equity position.
4)Blockchain play! not only crypto allocation.
Stance: Buy dips, exit if drifts below $35.00 Fair Value: $150
The decade long cup for OSTKI am buying OSTK at current market cap of 1.9 billion...expect a strong earnings report...plus multiple blockchain projects...Just check out t0.com and see for yourself ... overstock has been overlooked for far to long...
OSTK support and resistance breakoutOSTK has bounced and looks primed to hit resitance once it breaks over EMA.
OSTK time to short?Playing Trading Simulator Game:
Stochastic crossover on 9JAN18.
Stochastic dropped below 80 on 10JAN18.
At top of Bollinger Bands.
Historically, the price will fall after there's been a red candlestick at the top of Bolling Band.
OSTK - Another rip up in the making?I've seen this picture show before. The question is how high will this leg go. Not for the faint of heart. Long here via Feb call spread
Overstock OSTK Bitcoin Elliot Wave 4 - Move to ATHAs of late, favorable news with Overstock accepting cryptocurrencies (since 2014) becoming more mainstream, hence bullish sentiment. Also, down the pipeline, first SEC regulated exchange for trading TOKENS. From the 4 hours, we are beginning wave 5 of Elliot wave principle, may see us reaching ATH in the new year. I'm holding for long term (years).
OSTK on watch at $57 areaOSTK would be interesting to see how it reacts at the $57 area. If it has trouble breaking through, it can go down again. A strong candle push through and a retest would be best for a long setup.
OSTK - Selling PutsLimited Order placed for 12/15 42P. May not get executed if IV continues to decline today. Order will expire at end of day.
1M:
long-term potential for significant decline
OSTK: Be Prepared to Buy Low!!!There are a number of indications that the 47 dollar mark is going to provide support: the gap up provides support, the channel line provides support and this area provided resistance to the runup before last. if support is broken at this level then be looking for support near the 50ma. around the 40-37dollar range. the volume seems worrisome. there is heavy selling at this point, which may lead to support at 47 being broken. if so, then the lower support will be a prime buying opportunity --- around 50% correction. This is not trading advice.
$OSTK Daily. If you can't afford $GBTC, this one's for youEven if the #BTC "bubble", is ready for a solid turnover, blockchain-related equities are the dragonfly doji's of candle patterns. $GBTC was a little late to get going despite #BTC/USD having been breaking out over $5k - but from low $700-$1,700 from start of the month is easily worth the wait. I BTFD for this one. These charts are insanity - $GBTC, $OSTK, $BTSC, $RIOT, & $SING for the penny flippers
OSTK waiting to short this suckerSee commentary on chart. This stock is hyped up, always bought on the open. Waiting for some gap downs to start instigating short positions.
Medici Ventures invests in Latin American bitcoin startup RipioOverstock.com’s blockchain subsidiary announces participation in Ripio’s Series A financing
SALT LAKE CITY , April 26, 2017 (GLOBE NEWSWIRE) -- Medici Ventures, a global leader in advancing blockchain technology, has added bitcoin consumer financial service platform Ripio to its portfolio of strategic blockchain-focused investments through participation in Ripio’s Series A financing. In addition to Medici Ventures’ equity position, the blockchain-focused subsidiary of US e-commerce pioneer Overstock.com will take an observer’s seat in Ripio’s board of directors meetings.
