chillcrypto

chillcrypto

Every time I drive buy a gas station or when I fill up, I think to myself that I should buy enough United States Gasoline Fund to cover the rising cost of fuel. Of course, I'd have to pay short-term tax - but wouldn't it cool if we could direct UGA profit to a debit card and pay for our gas that way? :-) Just a random thought...

chillcrypto Updated 

SQQQ hasn't broken out since October when we had a correction. There was about a 15% upside above the channel when that last occurred.

chillcrypto Updated 

We've been here before, though a 4% up day on silver is nice. If we continue up, we may see some FOMO push us up to the fictitious 'squeeze rally'. Or possibly, this was just a counter to crypto's down day. Note here that I trade SIVR because I like the sound of silver residing in London vaults. Makes me sound wealthy. :-)

chillcrypto

We will undoubtedly rebound strong from the current correction as we did in the past. When we do, keep an eye on an area of resistance at around $54. If we are unable to confirm that level as support, we will likely see another leg down. I've learned from the past that I can't time the market and so am not a seller on the first leg down. My approach is to buy...

chillcrypto Updated 

Last time Plug popped at this level was 36% Or will this be confirmation of resistance and head down to a much lower area of consolidation. I'm not in this trade but watching for a possible re-entry.

chillcrypto Updated 

Ethereum is at a lower support trend line that has been touched before. If broken, then we will need to re-test before heading higher. That may take some time.

chillcrypto Updated 

Odd behavior. Programmed manipulation? In any event, interesting that we touched an Aug 2018 level and then reversed up. Appears to be a consolidation pattern at the current level.

chillcrypto Updated 

Can someone explain to me the point of Bitcoin Cash? Seriously. At first I was thinking lower volatility (up or down) but watching how Bitcoin cash reacted more like Ethereum, with none of the benefit of Bitcoin. Anyways, just tracking here as I might buy some just for the heck of it when it touches the upward trend line.

chillcrypto Updated 

If we break the current support, likely down leg to lower upward trend. I will likely bow out and re-buy at the lower level. If we break above current support, will likely add to my holdings as I have done previously at this level. This is a speculative trade based on potential future benefit, so do what you will with it.

chillcrypto Updated 

In the near-term the outlook is weak as we have completed a second attempt breaking a top and fell below support and have now established resistance at a level I've drawn out previously as support. You can look back at the current cycle now and see how much effort will be to regain the strong upward channel. I am going to pair back my investment here and wait...

chillcrypto Updated 

I'm sure many investors got shaken out in January. Hindsight is always 20/20 of course. But it is pretty clear at this point that we need to trade what is in front of us rather than trying to guess what tomorrow will bring.

chillcrypto Updated 

Overlaying ETH with ETHE - ETH has moved significantly over ETHE since the beginning of the year. This is interesting considering how (relatively) closely BTC and GBTC track.

chillcrypto Updated 

If we mirror the last strong push at the end of December and the subsequent correction, we would first have a very brief 10% pullback, a resumption to 56k USD and then a larger correction back to 44k USD. I don't purport to be an expert here, just drawing out for myself what some likely scenarios may be at this current point. It will be interesting to see how...

chillcrypto Updated 

TheSignalyst posted a great idea correlating Litecoin with Bitcoin price activity, which prompted me to look back at Litecoin. Why not throw a few dollars that way, which I did yesterday. It appears we are on track to hit the 236USD Litecoin peaked at in Feb 2018 prior to its bear cycle. Given that Litecoin has nearly doubled in value in the past few weeks,...

chillcrypto Updated 

As Ethereum consolidates along an upward trend line... Drawing this out to see where we are currently are at and what could possibly occur if we mirrored recent pullbacks. I recognize a smaller near-term or a much stronger long-term correction could occur. However following recent patterns, it seems more likely that we would follow recent price action.

chillcrypto Updated 

Looks like we have a repeating pattern here possibly, or a re-test before continuing up. I've been learning about Camarilla charting (thank you Gunslinger) and have been trying to add those into my charts without over-powering my own charting. Still a work in progress.

chillcrypto Updated 

I've found it difficult to chart Ethereum for some reason. I think that's why many people rely on algorithms to trade. But after spending time the markers seem to appear. Ethereum was not impacted much by recent Bitcoin price moves. Movements seems to be upward with some consolidation in the near-term. Bitcoin got me here, and has had its run but I feel that...

chillcrypto Updated 

I know there are more sophisticated ways of approximating Bitcoin price action. In looking back at prior 20% corrections/consolidations and the speed at which the events occur, we can use a prior example and draw from that a likely scenario. Charting provides great insight into your investments. Draw your own conclusions. There are lots of great content out...