Any time you see the rate of change speeding up, as in a parabolic curve, stand aside and wait for the consolidation or a pullback. Price going vertically is a time to exit longs..not a time for new longs. This will save you from buying at the top of a market and having to suffer large draw downs 😃.
Classic TA, looking for areas of price defence and flow updates...its a great market 😃
Two great things about BTC and crypto in general; they are: 1) able to trade 24/7 subject to US liquidity / intraday periodicities; and 2) techical / flow driven. So sharpen up your skills ...there's plenty of money to be made 😃
In a growing market with or without inflation property is long...so dont be short! Cost of carry on a short ETF is a sure way of losing money.
No bubble No off-risk No hyper inflation .....stay long
I am expecting a softer Dollar going forward with gains in commodity currencies as US fiscal support makes the Dollar more ubiquitous. Unless we see an off-risk event or crash as indicated by Vix wardation..I am short the dollar.
..and back down with the cost of carry from the shorts creating negative exponential returns. HODL is not appropriate for these types of ETFs.
Earnings beat..maybe PPE is a thing of the past...maybe not.
I am monitoring the Kiwi and other commodity currencies for potential Longs off the back of a softening dollar going forward. Look at price defense areas for support and which offer sufficient leeway for volatility as the inflation trade idea fizzles and Fed incompetence wanes 😂😂 (possibly always present)
Good run-up on Covid play but going forward I am not looking at any Longs at these prices or technical set-up. Possible break trade to the downside or pull back under support and sell Short on Limits.
We are seeing a broad and initial recovery out of Covid lead gains and beneficies like AMZN and back into Industrials. Well defined distribution area and neck line. With volatility over this transition period..then: 1) Short on pull backs only 2) Exit longs on rallies 3) No new Longs
It's one these 2 bar reversals on unconvincing volume for the upside. Fools rush in..with vol there should be no Fomo. It's a good time to set up a portfolio for the next 3 years in mind not just hopes on covid vaccines etc!
It's a good thesis thinking about fiscal growth more stimulus and covid vaccine availability. Not a direct relation fiscally as other opportunities and probably a bit of pull back...another one for the watch list and company analysis.
Again, good concept, but no need no need to to rush in. Trade markets...not concepts alone ..so wsnt price and underlyng supporting each other... not just..pump-dumpy and earnings around the corner!
I like intervention..those central Bank liqidity swaps along with the quantum of greenbacks in circulation are confusing to some. No hyper inflation, no deflation, fiscal support with unutilised resources such as labour means net growth in real terms. Gold Bug Pain = Dollar down + Gold down + cost of carry + transaction fees. You can sure see why BTC LTC FOGE ...
TSLA...a race a to drive economies of scale against the majors which don't depend state based green credits for their profits... Just keep an eye on the inflation trade fizzle... might see some good value coming up even with new EV numbers for 2021.
Cliche candle patterns can be mis-spdcified. In some cases if a market can probe the Limit Order Book deeply it can mean quite the opposite to what is wriiten...so hammer-like formations can signify further downside and weakness over several bars. So just use limits and dont get sucked in on the upside.