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Ascending Triangle forming - Breakout againHi everyone, A quick update on bitcoin. Bitcoin seems to form an ascending triangle. See reference here: swing-trading-strategies.com If you check the hourly RSI you can see that the first dump was hard, the second one was soft. Alot of buyers can be spotted in the second dump - green candles - aka accumulation . You can see that selling pressure diminishes. I think we are almost ready to pump again. Please remmember that this is just an scenario. Do your own research. Humans make mistakes. Greetings, Vincent
COINBASE:BTCUSDLong
by CivilisedWolf
6
WE PLAY KING OF THE HILL! ENTER THE ACCUMULATION ZONE!(BITCOIN) Hello everyone, A market moves only UP or DOWN right? NOT REALLY. Did you skip the accumulation phase? What? Accumulation? YES! Lets move ''SIDEWAYS'' . What SIDEWAYS?! That's boring! No! It would actually be GOOD: An accumulation phase is a sideways channel which happens AFTER a downtrend. The price no longer bleeds down and doesn't breakout either. This is a transitional phase to a bull market. Do not think we suddenly go moon after a downtrend. Here is a link for your reference. Put this up next to my chart ok? -- d.stockcharts.com - I think there is a really good chance that we have entered an accumulation phase right now. The bottom would have been 6400. (SPRING) After that the market tried to destroy 6500 again. But it failed! Yes that's RIGHT! It could not do it! - Also our fractal patterns have changed and no longer follow the shapes that we made in the wedge. There structure is different now. - If you visit the google trends page, we have flattened out. This means the market is back in the STRONG HANDS! --- trends.google.com -- - This week we will play a game of KING of the HILL. The bulls need to keep the level of 6500 safe. If they can we WIN! Counter facts: - In order to invalidate the accumulation phase, we should lose 6500 to the bears. If they take that back we lose.
BITFINEX:BTCUSDLong
by CivilisedWolf
38
Overweight in Utilities & InfrastructureI like investing in utilities. More importantly I like investing in utilities with the type of infrastructure I consider to be a staple of domestic life. What do I mean? Water Utilities ( CWT @ 1.61% Yield) Waste Utilities ( WM @ 1.92% Yield) Recycling Utilities ( RSG @ 2.02% Yield) Power ( NRG @ 0.44%) Why? It certainly does make me feel good. Its easy to hold on to long term investments when you're rather certain you're doing the right thing (NRG is heavy renewables). We know pretty quickly that the suburban life of city dwellers is greatly dependent on the services which these types of companies provide. Anyone more familiar with these types of companies know that their services are typically maintained and required by small and large business alike, with residential subscriptions being the smaller portion. Cities, Housing developments, Contractors, Builders, Military, and Retail stores all utilize these services. Others do as well, but an exhaustive list would certainly take too long. Why is the future brighter than the past? The U.S. is amidst a budget constraint, and is fighting for every penny in order to stay open. Amongst the items up for discussion are Immigration, Border Protection, National Security, and certainly others are sneaking in as well. One item which has been on the docket for a long time and has met little debate. Infrastructure Spending. This is the item investors should be paying attention to. This market is pricing in more and more premium on Technology returns. Biomed's continue to be strong, and energy has been untrustworthy up to this point. The one area that continues to pump aggressive dividends, and is growing at an astounding rate, is municipal use utilities. Today we take a look at the chart of Waste Management (A waste water, trash collection, and recycling company) compared with FIW an ETF made up of Water Utilities, and measure their performance vs. the S&P 500. The results certainly warrant a look at the "boring" "safe" "low return" investment in these sectors. Longs must maintain Discipline. While I am bullish on this industry, and I do believe these sectors offer great protection from corrections in the current market - I also must exercise caution. A pullback makes complete sense. From a technical standpoint we can see the WM and FIW cycle has pullbacks that retrace to the previous fractal, before extending to touch. I doubt that pattern will break here. We also see that we are moving towards a fibonacci resistance arc. It's only a matter of time before WM (and FIW for that matter) touch resistance. Why is this important? This is important because we must maintain our discipline. We must remember to rebalance our portfolio. We should be slowly selling off and taking gains, and if you're like me - waiting for the pullback. I typically like to do so after getting dividends (these stocks are great dividend payers) and so you will need to do some fundamental analysis on your portfolio's balance in that regard. Recommendation: Set a series of trailing stops. One for 10%, another for 40% and finally 50% of your position. The idea being to exit in waves in case of corrections of varying scales. Perhaps 10% on a 5% retrace. 40% on a 20% retrace. 50% on a 35% retrace. This can protect your investment, and help you slowly exit from a product. It keeps you nimble, and can help re-balance your portfolio. HOMEWORK IDEA: When rebalancing take a look at reinvesting a portion into the same sector albeit, in another market. Research VEOEY, a European company which ALSO participates in the US Domestic market, and meets many of the criteria of these other securities. By doing this, you will slowly diversify your portfolio into more markets as you continue to build a robust investment in a sector. Thanks for reading!
NYSE:WMLong
by blessmywork