DRYS LongExperimenting with CM's Pivot Bands and noticed this set up. Will cut losses quickly with this, usually a P&D.
Pumpanddump
Dogecoin: A perfect experiment on human greedDogecoin has no purpose other than being pumped and dumped. Thus it is a truly natural market, where everyone is driven not by any rational arguments but only by a strong wish to make money. For a savvy speculator it is of no difficulty; though new players, driven by mostly by newslines and Twitter trends (which always appear too late), do consistently lose money there and get either really angry, initiating panic sells or hopeful, holding their losing positions, but then become even angrier as they sell them lower than the initial price decline. Emotions being the only driving force for price, they appear in their purest form and with a consistent cyclical pattern, which can be seen in price patterns.
On the chart I've highlighted bearish periods of DOGEBTC and a major resistance level. I guess it is not hard to deduce that the next DOGE pump will happen in 2-3 weeks :D
EYEG - SHORTStockpalooza.com is being paid 100K to promote EYEG. It's a pump that will eventually crash.
Shorted at $3.30 and covered at $2.70. It will probably crash more but I'm taking my 18 % profit.
Short the Pump $GOLStocks that spike, like $GOL here, are always of my interest.
This big gainers spikes with almost to no news out. Purely hype.
Also, it has been trading under the 50MA since Sept. of 2015.
My goal here is to short it at around .57 (resistance), cover half at .42 (daily support), and the whole at .25 (lowest support it has had.)
If it decides to break above .57 , I'll look to short it near the 50MA
Would not go long until it can show that it can break .80 .
Bitcoin Market Crash Cycle Comparison - Launchpad
twitter.com
If you are familiar with this image, you'll understand very well that market crash cycles can be found in every corner of the market. With the only similarity between all markets being the human beings behind the money (price), it would be sensible to think that the psychology & emotions behind these humans play a pivotal role in understanding markets and trading.
If we can break this market structure down into 4 easy-to-understand parts, we would come up with something like this:
1. Accumulation
2. Launchpad
3. Pump
4. Dump
Relating this to Bitcoin, it seems like the year long accumulation period is over, as $BTCUSD broke above major resistance $300 in October 2015. Based on my interpretation of the market crash cycle, we have now moved into the launchpad phase with our current price action raging between $294 and $502.
If Bitcoin continues to be the leading blockchain network, it should become widely regarded and generally accepted as the base currency of other cryptocurrencies. In the shorter term, the bitcoin halving happening in Q3 2016 will set the stage for a pump, and for that to happen, MMs must maintain the uptrend structure formed since October 2015. Any breaks below structure will either delay the pump, or lead to another downtrend.
Upside targets are $710, $995, and $1163.
Downside is $341, $280, $220, $160.
$NHTC eaZY 1800% Basic TA [ SnipeSnipe ]Look at this Market.. ok ok.. it doenst matter which market, but this is gone wild for the last couple of months.. perfect market cycle.. even foconacci Extension was working.. =) So lets crack da Nuts..:
Whats going on and on and on - every market every TimeFrame:
1. Accumulation
2. First Pump
3. Accumulation
4. Second Pump
5. Accumulation
6. Third Pump
7. Distribution
8. Pullback
9. Bounce
10. Sell off
Questions..? No.. Onto da next one.. Search those gems.. wait .. wait.. ALL iN.. $$$ ..! =)
DGLY - Insane Spike, setting up a killer shortthis is getting out of control,
on the back of traders momentum, nothing more,
this will fall away once the hype dies down.
