Trainwreck

Trainwreck

ZIM and the shipping industry has just come out of a massive bubble and all shipping lines are finding their feet. ZIM made earnings last quarter which was one of the roughest yet.. the recent GRI of around $600/FEU Trans-Pac should put carriers back into the green and they will try their best to hold rates around this level via blank sailings and volume control....

Trainwreck

Moment of truth for Bitcoin to react to the 200 day moving average - what I would like to see is a healthy retrace to key level and shorter term MA's before challenging the 200 MA for real. My base case is the low is NOT in yet for 2023 and there will be a black swan lower but until that news event, Bitcoin is building steam and has already made it much further...

Trainwreck

$ZIM is in for a long 3 quarters with global freight rates in the gutter but after a 75% move down and a really nice reaction to the last major level ($18-19) the major HTF bull div has a shot at playing out. Specifically with wall-street running away as the massive dividend is likely to be cut in Q1 (who cares) The main thing to consider is if this is a hold or...

Trainwreck Updated 

Easy idea... Long against the DXY pullback... should we not get it then i'm out before stops but thinking 28-30k and or 200 day MA easy targets if it can get above trend lines. DXY could easily make another pop to around 114.40 IMO but that would be the top for me... that is my line in the sand to remain in long positions: $BTC $MARA $ARBK $BTCM $ZIM

Trainwreck

I have been bullish on Bitcoin for a long time and have posted a ton of charts on here regarding the bilateral trades with Bitcoin miners so this is part of that work. $ARBK , $BTCM , $MARA are the main longs I am in and building positions right now.. the main reason is these mining companies are currently mining under $5,000 per Bitcoin so even if Bitcoin falls...

Trainwreck

Simple long idea.. if WWIII starts this idea will be void haha Dips into the weekly 200 MA and daily levels outlined are buying opportunities as far as I am concerned. My thoughts on the FED Pivot are well outlined if you are interested and the chart with targets goes hand/hand.

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Trainwreck

Video explains it in very simple terms... I do not care which way it goes but the levels are clearly defined and loss of one will trigger the next level with absolute certainty for me. NOTE: Horizontal lines are how I trade and mark my charts.. I do not usually use diagonal lines but in this case I will use breaking the white line as my direction bias. Outside...

Trainwreck

Posted a short yesterday that missed the entry by a smidge so same concept but the opposite way and if you caught the short off 30k then this is the long hedge after FOMC notes were a nothing burger but hint at not being so tough on inflation in coming months.

Trainwreck

I like to short altcoins and long Bitcoin BUT... when Jerome Powell will likely be delivering a KO to the market today at the top of the most clear range ever.. I can't help but call out what I am going to shoot at. #BTC has gone from $28600 > $30,600 > $28600 > $30,600 > $28600 > $30,600 > $28600 > and not heading to $30600 pending bad news.. If JPOW surprises...

Trainwreck

The last bullish line on the chart and most likely to at minimum put in a big dead cat bounce. It is a low risk high reward play even if it doesnt work out there will be major buyers backing up the truck to load up as much as they can at this level... anything below and CME gaps at 25k and 20k likely to be next stop.

Trainwreck

My last long on this asset hit multiple targets before dying a horrific death that I rode all the way to stops... I do not care.. This asset will go from $1.00 or $2.00 back to $20.00 a share one of these times just got to catch the Bitcoin wave. If you believe in Bitcoin, it is crazy to not be long this asset the same way you would by Marathon or Riot. HTF TA...

Trainwreck

Back in on this one.. the Risk VS Reward on this is absolutely massive and as always Bitcoin will lead the dance so you have a warning if you need to get out. I am long at $2.70 with a stop loss set to 2.50 which hasn't ever happened in the stocks history but it has been worth $50 before... Again, this is not the best Bitcoin or even crypto mining company to...

Trainwreck

NO. there has not.. Lose $39000 with closes out at small loss OR ultimate glory.. Reclaim 58K to 1 billion per coin lol Step 1. We pump off this area to 45k March 21 VWAP see how we feel. Step 2. We break that and see how the reclaim or failure of 53k goes Step 3. We break 58k we moonbois lose 39k with conviction and we start filling CME gaps 31k, 25k, and...

Trainwreck

I am not one for ATL (Shitcoin) predictions but you can’t ignore the upside on this one… Fibonacci common retrace puts it at $400 and invalidation slightly below current price.

Trainwreck

Once Bitcoin finds it's pivot point longs on BTCM will be back in business - if Bitcoin can recapture 45,000 this asset can resume the rise to fib golden zone at $30

Trainwreck Updated 

I have been assuming this CME gap at 34-32 would fill at some point and it is looking like it might be soon. That said, I am holding my HODL stack and will not sell - still in all longs from the knife catch yesterday but SL set to 41,000 on the lions share of betting stack. Even though this is a call for lower prices I am leaving it neutral because I don't short...

Trainwreck

Simple breakout trade Bulls pushed back against clear weakness and rolling over on the daily - if this doesnt hold I will be looking for shorts down to 42-33K

Trainwreck Updated 

Long term still long AF on ZIM but it seems we have gone up too fast for a traditional stock and rejected all time highs. I see a short term correction based on MACD and RSI needing a cool off.. Dips continue to be for buying until something changes on a macro level so I am looking to long support around $44. Freight market insight www.nytimes.com www.reuters.com