CRInvestor

CRInvestor

With the recent topping action in BTC it has been interesting and a little disappointing to watch LTC's outright failure. Indeed, Litecoin's inability to hold significant support levels has both broken its bullish bias and once again brought it's relevance as #2 to BTC into question. With this relationship continuing to decouple, I thought I would take a moment...

CRInvestor

Hello all, Since Google hangouts is still down for me (super big ugh) I am posting this 1hr chart as an update for my followers. I am not in a trade at the moment and have little interest in taking a new position based on current trade location and size of my account. Having said that, there are those out there that do want/need to trade and so with that in mind,...

CRInvestor

Hello all, On the heels of some dramatic price action of late, it is both encouraging and interesting to see the broader Bitcoin community come alive again with activity. Interest in learning Technical analysis is palatable and it really makes what I do fun. While I have considered myself a 'student-of-the-market' for more than 20 years, I have only been following...

CRInvestor

Hello all, after publishing my daily views on BTC (finex) someone asked me to look a the lower time frames and so I have spent some time looking at them in earnest. I haven't made too much reference to it of late (because I simply do not have the capital to consider day trading) but I see an old familiar friend jump out at me when I look these lower time frame...

CRInvestor

Hello all, With a little spare time on my hands today (Google having issues today...ugh), I thought I would take the opportunity to review/comment on Bitcoin's price performance from a higher time frame perspective. Here then is Bitcoin's Daily price chart (Finex) over the past four months with notes and levels. Looking backwards: As has been frequently commented...

CRInvestor

Just a quick update. BTC - Stamp has resolved the recent consolidation bearishly. I have been talking about the consolidation for a few days now in my videos and we have broken through support. While current prices don't seem to make sense for new trades, it is in my opinion one can realistically play short setups (day trade basis) as we work our way down to...

CRInvestor

Hello all, Today's chart is about what I would like to see myself do more of rather then any current setup. After playing this game for more than 20 years I have come to the simple understanding that markets are not always a buy or sell and that many times for us traders, we are best just to sit and wait. I have also come to understand that exercising that...

CRInvestor

Out of sheer demand for more short term analysis, I thought I would take a few minutes & dissect the 15m chart today. Just so you all understand, my personal holdings are relatively limited and because of this fact I am trading my account off the higher time frames. Full disclosure - I am currently still long 1/3 of my buy at $459 per my published posts and don't...

CRInvestor

After watching Bitcoin itself rally more than 50% over the past couple of weeks I couldn't help but notice that many of the alt-coins simply have not participated. That in itself is an interesting 'tell' to me in that it suggests we are at the beginning of a bull wave (establishing floor in senior names) not at the end (speculative bubble where anything industry...

CRInvestor

Hello all, Since we are now officially well into the seasonal topping zone for 2014 (Sell in May and walk away) I thought I might take some time and review how seasonality has effected stocks over the past few years and review the general idea of selling as we head into mid-year and only buying back when we head into year end. First off we must understand that...

CRInvestor

(con't) Scenario 2. Assuming we have turned the corner and are now in a bull market (frankly, its hard not to be a bull looking at this chart...oops, personal opinion aside...lol). We will know for sure we are back in a secular bull if those previous highs at 719.25 are broken in earnest. Ideally, the break of that level will bring in a wave of new buying volume...

CRInvestor

Hello everyone, hope you are having a great spring! (today's commentary is so big I had to break it into two....lol) Watching the rather impressive rally in Bitcoin over the past weeks has been quite fun and a long overdue affirmation of its legitimacy as both a trading vehicle and a fundamentally sound investment idea. On what has turned out to be a rather well...

CRInvestor

Hello all, With the typical seasonal topping window here (Sell in May and walk away) I thought i would take a minute and weigh in on the current stock market backdrop. While I certainly would not even consider new purchases as these 'nose bleed' levels some are wondering why the market isn't heading down. Simply put, I don't believe we have rolled over yet and...

CRInvestor

While there appears to be some interesting 'value' plays within the gold & silver sector, the underlying commodity is anything but bullish at the moment. Today's rather violent breakdown seems to confirm that notion and is yet another nail in the gold bugs proverbial coffin. Price rallied off the December, 2013 lows rather nicely but that bounce is fast loosing...

CRInvestor

Hello all, After what can only be described as a euphoric sigh of relief, Bitcoin bears were sent scrambling this past week as price rallied more than 20% off the bottom. While a little slow, our $459 buy signal turned out to be quite accurate as we have moved steadily higher since that breakout event. The initial price objective of around $500 was hit and I did...

CRInvestor

Hello all, it has been a while since I have been thinking of being long Bitcoin but recent fundamental and technical events have pushed me to the point of at least sticking my proverbial toe in the water. From the fundamental perspective, the latest Chinese Bitcoin ban seems to have changed the crypto-currency's complexion. The removal of Chinese speculative...

CRInvestor

Considering seasonal forces, one shouldn't be too surprised to see stocks take a bit of a break. If we are still withing a bull market (and the higher time frames seems to continue to support that notion) one ought to consider The Optimal Trade Entry (OTE) long sweet spot (178.43) as an interesting level. We are heading into a tough seasonal window here and a...

CRInvestor

I haven't posted much on Bitcoin as much of late as I have been put to sleep waiting for my OTE long zone bids to be filled. It has been an arduous wait but as price has moved slowly lower, the wisdom of patients has been so far accurate. Having said that, Bitcoin has enjoyed a rather nice bounce off the 419.40 level for going on the past 100 hours. So much so we...