goldbug1

goldbug1 Updated 

This will be quick and this is important to understand, and if your trading you should have a chart like this on your screen and not just the path you HOPING for. I'm not going to hash out who is right and who is wrong as some think you are either right or wrong when trading. I also want to be clear, if your investing you can be long here!!!! I'm not telling...

goldbug1 Updated 

Many of you went into panic mode today. Should I cover, buy, sell, this could be a huge loss, I can't afford this, crap I need to change my underwear? Raise your hand if you were one of them. I know THE TRUTH HURTS! Nothing today that happened in the market was unexpected. After posting for a week on BTC' and mentioning OTHER valid paths to look for and "what...

goldbug1 Updated 

A lot of request for NEO, so I went back to a previous post on NEO and looked to see what changed. Pretty much Nothing from our September 17th post'. Doing just what we expected. It has started to consolidate within the yellow channel we drew and has been slowly testing the support of the longer term channel. I added only the two rectangular boxes and the notes...

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Nothing like waking up and having fish for breakfast huh? Doesn't sound very good unless your a Big Fish. So getting up at 2am NYST Time, the first thing I do is look at my phone to check the market. YES THIS IS IT RIGHT! The bull is out of it's pen. So I turned on the computer and bought flat across the board, look at that power in BTC! Yes the markets don't lie...

goldbug1 Updated 

Just an update. Regardless of the upswings we are still in a bearish mid term trend pattern in my opinion. Every bear market has bullish trends, and every bull market bearish. Understanding the difference is key to understanding how the market moves. I do not see anything on the chart that changes my mind at this time. I noted yesterday that I took some of my...

goldbug1 Updated 

I want to kind of clarify a few misconceptions on the difference between trading and gambling. The comments from my previous post, which are much appreciated, have led me to believe that many of you are gambling instead of trading. I want to clarify that EW and Fibb are not crystal balls, they are simply probable areas for trend reversals. I won't get into why...

goldbug1 Updated 

Above the desk of one of the greatest traders of all times, Paul Tudor Jones, is a piece of paper stuck on the wall with the words written "LOSERS AVERAGE LOSERS". Wow this is powerful stuff people especially when one of history's greatest "Trend Trader" has this above his desk to keep him focused. But what does this mean? Why is this important to understand? Are...

goldbug1 Updated 

I am ever so grateful that many of the responses and messages I get are from Investors from 18-30. As my grandmother used to say "tickles me pink" to see you saving for your future. At least that's what you should be doing. I understand from experience that when you are just starting out you do not have a lot to invest, but you want to. This is a good thing;...

goldbug1 Updated 

In almost every post I have stated the MOST Important tool in any traders tool box is the TREND! I cannot emphasize this enough. I even posted an update yesterday on how you can trade the trend void of EW and Fibb. They are only add-ons, and not the main tool. I see there are more opinions on the direction of Bitcoin then there are charts on TV (ok i'm old school...

goldbug1 Updated 

Well it appears that we have weeded out the weak hands, and are ready to run with the bulls this morning correct? I mean nothing like waking up and seeing the market on an upswing, accounts popping so let's throw in some more cash as we might miss the next run right? No! I'm not so sure the bears have gone back into hibernation just yet. We may want to make a...

goldbug1 Updated 

I want to make it painfully clear the difference between trading and investing. I am an investor for the long haul in cryptos. I have diligently chosen 6 coins I do not intend to sell unless something fundamentally changes about one of them. These are 2-5 year+ holds for me. Agree or disagree, from my experience I know that a solid portfolio out performs...

goldbug1

As we enter the final phases of correction, we have not heard much on OmiseGo or NEO. Been awful quite on the news front, as many have sold which to me provides an ample opportunity to buy. Yes rising tides raise all boats but some rise faster than others. I was looking at my chart of core holdings and noticed that OMG and NEO have quietly out performed the...

goldbug1

Some have asked about NEO and to provide an update. Fortunately it is relatively easy as I keep notes on all my holdings in chart form. Attached is the cleaned up version. You should also have notes and charts saved for your core coins so you are not recreating the wheel every time, it also improves your TA when you can go back and see what you were thinking and...

goldbug1 Updated 

I have been following ETH to see how it reacted in response to Bitcoin's correction cycle prior to posting this update. I have looked at several different Elliott wave charts and many of them are showing we have completed the correction and are headed higher from here. I'm not so sure about this. Please note I am not a EW expert by any means, many are better at...

goldbug1 Updated 

Finally after waking up to dire returns there is a breath of life in our portfolios! Yes, let's back up the truck right? NO. Though we completed the first midterm cycle correction, we in theory just finished the A leg of the longer term cycle. We must keep in the back of our mind, that there are always longer term cycles happening and we need to insure we know...

goldbug1

Kore coin is an interesting coin. From a TA perspective it's a pretty easy trade and was one of our first blogs. That is correct it has more than doubled since we first posted about it less than a month ago with a 0.001032 target price. It has been a consistent trade, and it is time to take my money and profits off the table. But why would we not hold any of...

goldbug1 Updated 

It has been a long week and nothing hurts more than seeing your account down 20-30% or more. It's heart wrenching at times, and most of us, including myself, felt the urge to just sell and get out of the market. This is where hindsight comes in. I shouldn't have sold! I want to address a couple things as I often am asked the question where should I buy, where do...

goldbug1 Updated 

Yesterday one of the top CEO's in the world came out and pretty much hammered bitcoin. Every news blog raced it across the headlines. Jamie Dimon Call Bitcoin a "fraud", related it to the tulipomania where tulip contracts bubbled and popped in the 1600's, and warned that "Someone is going to get killed". Seriuosly? Sounds like strong words. Why when many on...