goldbug1

goldbug1 Updated 

Regardless of all the Teslas being sold, Oil is still the Energy King. $50 is a key level both psychologically and technically. We are looking for a reversal here and a move back to $60 in the next 2 months. How are we trading oil? Selling PUTs on our favorite oil play! MPC! The merger with Andeavor created the largest refiner, midstream and retail...

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After breaking a key support level the Sterling is getting pounded. With Brexit in Limbo, Theresa May on tour trying to regain some support, and Merkle joining the party, the Pound is under pressure and the dollar continues to strengthen. Look for additional weakness until they come to some agreement. If the Brexit deal fails, the sterling will surely lose it's...

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The crystal ball has been fixed, the seer is in her chair and there it is, the magical number of which we can mark the bottom. The number is........ crap where is the windex! So with Bitcoin' trying to keep hold up around the 3700 area, well, nothing has changed in my analysis from last week. In the short term we see weakness and a likely retest of 3500 or a...

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After a miserable Thanks Giving Weekend in the markets we are starting to see some signs of a bullish reversal. So is this the beginning of Santa Rally or a Sequel of the Grinch that stole Christmas? Despite the pessimists and constant expert trad... errrrrrr trolls on TV' we remain optimistic and Long Bitcoin' in the LONG TERM. I have to capitalize LONG TERM...

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After a few weeks of hibernation, the bears have awoken and are trolling up the sites with their calls once again for capitulation into the Abyss. Are they finally right? Well the old saying "The Sky is Falling" is not new to this or any market. I remember many perma-bears that were calling for a 50% retrace on the S&P in 2015-2016 and after a mild correction,...

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Another week and another stop out. That is 3 in a row for the record, and is reason enough to go back to the plan and assess the strategy. Trading is not about being right or wrong, it is about adapting to your environment. It is about looking at your losses and how you can improve your strategy as the market changes. Range bound markets are difficult to trade...

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Bitcoin Cash has been on a tear lately, and this falls in line with last year where every air drop and hard fork was a buy the rumor buy more after the fork. However I believe this may be the Fork to End All Forks. First as we mentioned to our followers, if you have a chance to take money off the table, don't hesitate, take the money. This does not mean sell...

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Another week and we are simply back to where we were a couple weeks ago. The BIG move yesterday was really not that big of a deal. It was like getting ready to hang your Farrah Fawcett & Def Leppard posters on the wall and the painter came in and put up another coat of paint. With that said there is some evidence we may have reached a bottom, and the longer we...

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Another week goes by and Bitcoin' is looking more like the air simply left the room. However there are some clues that something is lurking in the depths of the order book and it is evident in the chart. It is also evident in the so called expert analysts that seem to be swayed and confused daily as to which direction the market is headed. The consolidation...

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Overview: If your first trading and or investing experience is in a bull market you probably think your a Big Fish. The reality is that you may be a Big fish in a small pond, but in the real world your most likely Chumm. There is nothing wrong with being a Small Fish as long as you are a Strong Fish. Why? Food Chain: Well it is more important that you...

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Often, wait ALL TO OFTEN people overly rely on Fibonacci levels. They have been delegated as to some magical and mystical levels that are used to position and trade from. As useful as they are, they are simply mis-understood. Let's bust through the myths and put the truth into perspective. In the search for the holy grail of trading (of which there is none,...

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“A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability...

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I mean it is like someone took the fun out of cryptos. The past two weeks have been anything but exciting. We did have the selloff 14 days ago but since then the market has been.. well relatively boring. The one nice thing about trading various market is there is always some action somewhere, but first about that move yesterday. The move, whether the alleged...

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As Bitcoin' attempts to reverse and form a bullish move, these initial swings hardly ever pan out. To Be Clear I am Bullish Long Term, but in the short term it is likely we see some additional pain. Short Interest: Everyone is now talking about short interest, but most do not understand how markets work and the flow of money. So they put up long and short...

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Once again the sky is falling and the usual suspects are calling for Armageddon. They are no longer just bears, they are Dooms Day Profits! Yet there is no evidence to support such a theory. Sure we are down since December there is no denying this, but over the past 7 months the 5800 level has held forming a consolidation triangle. This is a consolidation...

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Expecting a pullback in a market is like knowing your mother in law is coming over for dinner. You prepare for it. But what you can not prepare for, is her walking through the door with her bags in hand, and says she is moving in. You know that look you give your wife? Well that is the look we have right now with Bitcoin'. This was an ugly bar by all means,...

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The rally over the past few weeks is highly bullish for the market in general. Many of the coins that looked left on the sidelines like Monero' and Dash' and even Litecoin' have suddenly found a breath of life. As Marc mentioned in his article today "Is it Time to Jump In"? I maintain the Long Investment Strategy on my title because, long term I'm bullish . Yet...

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Nothing like getting a comment from a "analyst" that gold' is NOT a store of wealth. In fairness we hear this all the time, invest in stocks and bonds gold' is simply a "pet rock". I find the irony that these so called "analysts" can actually say such a foolish thing. Most have come to think, prior to this chart, that stocks outperform gold' by a long shot. This...