goldbug1

goldbug1 Updated 

Initially we assumed that we had completed the 5th wave of the interim fractal cycle, and one of our followers MdF_Trading, who I have known since day one of joining TV, mentioned it could be a broader correction. It appears initially that this may be the correct call and we are just completing wave 5 in the interim cycle and based on the enthusiasm it seems more...

goldbug1

Gold finally makes a decisive swing higher, and though there are still several levels of resistance ahead, this could be the beginning of the next bull run. Or not, Gold is an extremely slow mover and as every goldbug knows you have to have patience. No group of investors is more patient than goldbugs. Often moves take years to develop, but when Gold finally...

goldbug1

Taking out the 8400 level confirms a correctional sequence, but the signs of a potential retrace were already abound. There was no guarantee we pulled back after hitting the lower area of our initial wave 1 target, but there was a lot of evidence that increased the probability of a potential retrace. This made any long trades at these levels higher risk. For...

goldbug1

We maintain our target level of 9500 by Christmas, and this is looking more like Christmas in June than a fall rally. The structure is bullish not bearish, yet many are still calling for a double top. Is there a valid argument here or is this confirmation bias? Remember, every new high begins with taking out the previous high, so any equity moving higher has...

goldbug1 Updated 

After the pullback on Thursday night, the bears are at it again. Yes the same "experts" that have been calling for a huge pullback since, let me check 4k, are ignoring the structure and proportion of this rally which is clearly bullish. Unfortunately many have missed out on the rally or simply flip their calls depending on the direction of the wind. One simple...

goldbug1 Updated 

Over the past few weeks Bitcoin has just relentlessly continued to push higher. Coming off the 3800 level, it has been a relentless rally of sorts, but all good things must come to an end. Yet maybe just maybe we are not done yet! My theory is quite simple, dumb money has mostly sold out of their positions. By dumb money I do not imply that someone is dumb, I...

goldbug1 Updated 

Lock in profits, an inevitable capitulation is upon us, short after short trade setup. Yet the market continues to grind higher. Seriously taking a short position into an overly crowded short trade? Just look at the strength of the weekly candle that just took out the previous highs. Yes clearly a short signal here! A few that read my article this morning may...

goldbug1

Just seems like yesterday everyone was posting 30% retrace, the big dip, bearish reversal the great Ponzi scam. Over the past week we have heard nothing but fear from the boom doom and gloomers. Boy they got silent quick some have even flopped to going long now. As an investor you are either long in the long term, or short in the long term. If you are long in...

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Bitfinex is under investigation by the NY State Attorney's office for FRAUD which is a big word, but may be more smoke than fire. Bitfinex has denied the allegations and in lieu of regurgitating the news, we will focus on how the market is reacting. In the end News does not drive markets, sentiment does. Sure it pulled back a few hundred points, but it was...

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As short interest continues to rise, the price of Bitcoin has not moved much and remains in a tight range at a major resistance level. Often traders "blame the whales" for taking them out of trades, but here we have a distinct sign that there may be some Whale activity. We actually have written many articles on how larger operators look to manipulate markets. ...

goldbug1

One day Bitcoin is breaking out for the next leg higher, and the bull run has begun, two days later, the sky is falling, sell now and buy lower. You have to be kidding. The best was one group I follow on Facebook as a sentiment indicator, who sold recently and is posting "where are you adding next, I have my levels, where are yours?" Ohh brother. You think the...

goldbug1 Updated 

Yes the hype has begun as evident from the numerous bloggers that were talking of an apocalypse to 1500 only a couple months ago, are in full bull mode. They have now shed their skin and are in full hype mode, but tread wary. I will admit to being a perma bull. Whether it is stocks, or gold and silver, long term investing is simple way to catch broader moves. ...

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Often new traders focus on indicators and candle stick patterns and ignore the structure of a chart. In their search for the holy grail, they rely too much on lagging indicators which have little meaning in the course of short term price action. From Death Crosses and triangles, to more moving averages than cases of Natural Light at a redneck picnic, there is a...

goldbug1

Bitcoin finally makes a move lower, and this was not to be un-expected. It was actually the higher probability move, but this is far from the end of a broader move higher. We remained neutral over the past week after our swing trade hit its second target and we are simply allowing the market to play out and provide a setup for going long. Trading Article - For...

goldbug1

As the market continues to consolidate and provide mixed signals, Litecoin is once again showing some signs of leading the space. We have been long on Litecoin and hold our position for a broader move. This takes away the emotions of second guessing ourselves, wondering if this move is the real one, and all the emotions that can come with looking to time the...

goldbug1

Gold has recently had a nice recovery off the 1165 low and you would think after pushing through 1300 we would be looking for a pullback. Sure gold has hit this level, pushed to 1365 only to disappoint the typical stacker. However, the move here has been consistent and built up a nice bullish structure, which is much different then 2016 where the move was very...

goldbug1

One of the more bullish charts of the coins that I follow is EOS. Now I want to be clear I am far from a fan of EOS and whether the long term viability of the project evolves to add value to coin holders is still rather cloudy, but there is no denying the chart looks great! This provides both a position and or a swing trade setup, however the market is still...

goldbug1

One of the stocks we have been looking to Sell Puts on is Spotify. There are several reasons to like the stock with it being one of the potential growth stocks over the next couple years. Like Netflix, Spotify has the potential to really make waves in the music industry and it is one of the stocks I want to own for the longer term in my aggressive growth...