CRInvestor

CRInvestor

On the heels of the San Francisco conference the market promptly fell apart (sell on the news). Couple that event with the recent IRS ruling on BitCoin taxation and we had the makings for a dump. Logical downside targets remained the bearish harmonic price pattern (ab=cd) target at 534.11. Now that the bear ab=cd target has been hit, will we see this market...

CRInvestor

Yet another very fun tut session. Today we finsihed with a look at two of CRI's trade setups - BoTs & OTEs. The key here is the trade setups define your risk and anticipated reward before you even put the trade on. If my charts help you, or you use my indicators... please consider a BTC donation to allow me to continue my work :...

CRInvestor

As has been the case for a few days now, price seems to want to work its way back into the OTE short zone (around $600). Yet another potential bull ab=cd harmonic pattern is trying to form which furthers that argument. Momentum has recent put in a bottom and so has volume too. While we are not 'stupidly overbought' I will concede Willy is looking a bit tired. This...

CRInvestor

Price action between expanding channel lines here suggest to me we could be in for a bit of a wild ride as we trade on the other side of the San Francisco convention. For the bulls, we still remain within a double bottom pattern (stop 566) within a bearish Bat harmonic pattern. For that Bat to complete we would need to see a price target for point D north of $600....

CRInvestor

Really fun Tut session and another really cool chart to post on the board. Today we specifically looked at CRI's modified MACD Histogram momentum study. How did it come about, what's its purpose and how to use it in your daily trade setups. If my charts help you, or you use my indicators... please consider a BTC donation to allow me to continue my work :...

CRInvestor

Hello all, recon one can make a bullish case heading into SF conference. You may be a bear and that is perfectly fine, but consider for a moment where institutions would most likely want to put short on (Optimal trade entry zone). Couple that notion with the recent bullish action on the lower time frames and one can understand why a test of the $600 isn't too out...

CRInvestor

Here is a 1hr chart on the USO (Oil ETF). At the moment we are in a tough place. Neither at OTE long or short areas so atm I am not considering a trade setup. Should we get back up into the $37 area or down into the low $35 area I shall consider setups then. If my charts help you, or you use my indicators... please consider a BTC donation to allow me to continue...

CRInvestor

A move through 580 here and nice setup for run into OTE short sweet spot (604.67). It looks to me like they are still running her into San Francisco BitCoin conference event? If my charts help you, or you use my indicators... please consider a BTC donation to allow me to continue my work : 1EBttA56cWsgtsZn83VGiNT8si7inZV5Z5 & follow me on Twitter @CRInvestor

CRInvestor

Very similar to CL1!, the oil ETF, USO, is basically consolidating after a nice bounce. Price here worked its way back up into the 37.50 area and is now working its way back into the Optimal Trade Entry (OTE) Long zone around 34.50. At the moment we appear to be in what I would consider a poor trade location area. If we are going to take risks we need to know...

CRInvestor

We had a great inaugural session tonight on Google hangouts doing CRI & TheChasm's stock show. Lively conversation and a very interesting long call trade...can you say potential 10 bagger... Be sure to check out our weekly show every Monday from 5 to 7pm for commentary and unique trading ideas.

CRInvestor

Excellent Tut session and another really cool chart to post on the board. Willy sure isn't happy at the moment and fib levels suggest we could go a long way down from current levels. While not a 'sell' at the moment, this is sure one risky market. If my charts help you, or you use my indicators... please consider a BTC donation to allow me to continue my work :...

CRInvestor

While not as crisp as BTCE's bottom, imo there is room for her to run here too. fwiw, I have run an dollar-cost-averaging entry system off OTE levels for the duration of this correction. 15.09 was another buy level so now (on paper at least) have 3/4 of the basket filled and an avg cost of 16.57...should be int to see how this plays out... If my charts help you,...

CRInvestor

1hr BTCE looking for move back into 600 area should we accept back above 580. My hunch is they will rally her into upcoming SF conference. If my charts help you, or you use my indicators... please consider a BTC donation to allow me to continue my work : 1EBttA56cWsgtsZn83VGiNT8si7inZV5Z5 & follow me on Twitter @CRInvestor Additionally, if you have...

CRInvestor

Another excellent Tut session and another really cool chart to post on the board. Willy indeed was suggesting a little bit of 'stupid-ness' in the bearish sentiment. While maybe not 'the' bottom, an interesting short term trade setup out of that oversold consolidation on bullish momentum divergence in price. If my charts help you, or you use my indicators......

CRInvestor

I had the privilege of giving another tutorial today to a new participant of the market. We had a very good conversation and I believe he left feeling as though both his questions were answered and he had a better understanding of broader market direction. Here then is the 4hr chart we used through the end of the tutorial with scratched notes. If my charts help...

CRInvestor

On the heels of the 15m long setup in LTC (reviewed in a tutorial this AM & recently posted about) I thought I would post the 1hr chart too. Here we see a very interesting double bottom on Willy as she briefly touched into the 'stupid oversold' condition. The move itself was a tag of the OTE long sweet spot (15.09 area) on a bullish momentum divergence. In...

CRInvestor

I was asked recently to give a tutorial on understanding the Willy 21 indicator, its creation and how to interpret its signals. We did a Google hangout and both he and I finished feeling like it was a good experience. After explaining its history we looked at several examples and finished with an analysis at LTC on a 15m basis (and a potential long setup outlined...

CRInvestor

While the bearish ab=cd harmonic pattern works itself out (target 534.11) there are sometimes nice counter trend rallies that occur. One may play them long or just wait for the rally to setup new shorting opportunities. On a very short term basis one could play a breakout of the past eight hour trading range with stops (on positions established) placed just on the...