goldbug1

goldbug1 Updated 

This is where patience and money management is critical. We went to cash before the alt-coin crash and though we missed BTC from $4400 for $4800, I would rather miss a trade, and be patient than force a trade with uncertainty. Several core coins are offering an opportunity to provide descent short term trades to cost average our core holdings. I'm liking several...

goldbug1 Updated 

Be careful of continuation wedges and triangles they are not always a signal for a trend change and are often a sign in a down trend of bargain hunters getting in early which leads to a fake breakout. I want to add to my core but I may wait to see how the market reacts, as I missed the trade at the bottom. However could set up for a nice trade to $313 again. If...

goldbug1 Updated 

If you read my Sept 13th post I said "get rid of losers not your core holdings". Get that wallet trimmed up with only thoroughbreds is what you do during corrections. Cash is going to be king soon and as I posted I closed out all my trades prior to this pullback in altcoins. Nothing like sitting on cash when it's black friday! I like NEO here and have added a...

goldbug1 Updated 

I have changed from short to Neutral based on the last movement as it is about a coin flip at this point. I see many trade targets were hit and they are closing positions or close to this. Again this is not about being right or wrong. I think many new to trading think it's about being right or being wrong. That's not trading that's gambling! It's about keeping...

goldbug1 Updated 

For a month now we have mentioned a topping around $4400 and $4600, and about two weeks ago we narrowed that down to $4553. How do you get the 4553? Well it's just a number using Fibb, but amazingly market patterns are quite predictible. Sept 17th in the article on ETH "The Path Less Chosen" (when many were bulls) we drew a line in the sand at $313. Only a...

goldbug1 Updated 

In the immortal words of Thin Lizzy - the bulls are back in town!! Yes after not any sightings for days the bulls have suddenly appeared. I don't buy into this we are in the next bull run. Maybe I'm wrong and unlike many I put my insight out there to provide where I am proven wrong. I don't show one side of the story I show both. If you do not see my bull thesis...

goldbug1 Updated 

Fundamentally the mining community is planning a fork by the end of October, but it appears they still have some issues to work out. Though I have read about these issues I am not as tech savy as many of you, but I know I want to be in before the split. I think? I will rely on many of you that have more knowledge to share your thoughts. Why do I mention...

goldbug1 Updated 

Here is a simple low risk trade for some wanting to dabble in trading. There are several reasons I like this trade. 1) It pulled back to the 0.618 level after a 5 wave small movement and double bottomed. 2) It is starting to consolidate at the 0.618 level 3) It is not pegged to BTC does not necessarily move the same direction 4) It has market penetration and a...

goldbug1 Updated 

Good poker players make good market traders. The same fundamentals apply to both games. 1) You must control emotions 2) You must be able to manage your money roll (know what your able to risk for any specific trade/bet) 3) You must understand the probabilities of different outcomes (risk/reward) 4) You must be aware of hands that beat you (what chart patterns...

goldbug1 Updated 

Many are saying the bull has resumed, I politely and respectfully disagree as I see no indicators or any confirmation from breaking previous resistance levels. However as I have stated many times we do not trade nor invest on feeling alone we trade on probabilities. Price movement is not an indicator of a bull market as in any bull market we have selloffs and in...

goldbug1 Updated 

It appears at this point market sentiment is waning, not that price is indicative of market sentiment but BTC' did fail to hold the bullish channel. It aslo provided 3 points on the RSI allowing us to set a resistance line for it to break. short term the RSI resistance line broke the uptrend, but did not create a higher high, and is appears to be trading in the...

goldbug1 Updated 

NEO' has finally broken out of the consolidation channel and appears to make another bull run. Now this is the start of a bull run so we must be cautious as we know that running with the bulls can be dangerous if for some reason the rug gets pulled out. But we have several bullish signals which is enough for me to add to my position for a longer term trade....

goldbug1 Updated 

Bitcoin is very sentimental to many out there trading and investing in the cryptos. I see it in the comments. It's like your child, say something bad about someone's child, the wrath of a parent in denial appears. However, many miss the reality of life. No child is perfect nor exempt from the pitfalls of adolescence, just like Bitcoin is not exempt from market...

goldbug1 Updated 

I want to first thank fineregex for posting a chart this morning of the 2013 top and correction cycle. This is something every good analysts looks at when to determine market cycles. What did the last one look like? What were the overall trends of market sentiment? Market Sentiment is why EW and FIbb are such valuable tools and rather accurate to say the least....

goldbug1 Updated 

This will be quick to address the numerous posts I get on, how can you be overall bullish yet short on the market? How can you say your long BTC' but your shorting it at the same time? Well it depends in what frame your trading and the length of the "trade". Using HMA's and RSI you can get a better feel for trends in different time frames. I state over and over...

goldbug1

What separates Great TA from Good TA is finding something nobody else has. Or at least the avg Joe. Seeing something they don't because they rely on others. This is why you MUST do your own homework. Dash has not performed the way I anticipated. So I did what any trader would do went back over my charts and found an error in my count. There we go fixed. But...

goldbug1 Updated 

Super Bowl 51 was one of the greatest comebacks ever. I mean at halftime it looked like Atlanta was unstoppable, and I too FELT that. Actually I had a few bones on the game and I was already calling up buddies to collect their money. Hootin and Holllarin, online surfing Amazon to insure I had my Atlanta championship hat and shirt by Tuesday. I was riding the...

goldbug1 Updated 

I can only say thank you for the numerous followers and friends I have made over the past few weeks. I much appreciate the alternate opinions and positive feedback. But what happened today? Nothing more that exactly what we predicted to happen. We hit the $4200 target price. Remember that target I kept warning about? Did I know or anyone else know when it was...