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$BJ: Budding $COST competitor?Wholesale and membership models have really stood the test of time as we've seen with $COST reaching new all time highs. The Fed doesn't seem too concerned with inflation which could be giving the green light to some of the strong inflation players once again. Wheat threatens a breakout at the time of writing. Good luck traders!
yes it’s headed towards 7450 resistance consider this idea as a buying signal. i don’t offer signals this confident. If you’re seeing this idea then congratulations you’re already in profit.
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First watch this idea and then watch results if you find it satisfying give a like and follow. Humble request this will give me more motivation.
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ZEC will guarantee the financial privacy of you and your familyThe cryptography behind Zcash is extremely advanced and allows total privacy. This coin has the potential to become THE world money, by being
1) A medium of exchange
2) A store of value
Recently, the masterminds behind Zcash -- Electric Coin Company -- announced they will to go all-in on $ZEC. electriccoin.co
It's needless to say I strongly believe in this coin, and I'm hodling it.
For short term trading, I like to keep things simple : I believe MA200 will be support and from now we will go up.
For long term view, and If you believe in the power of electronic P2P cash, definitely take a look at this coin. These current price are really attractive.
why bitcoin isn't dead and will go up soonI drew the original trend line back in mid 2017, as you can see, we had exponential growth, and of course the winter crash.
After the major crash, it touched the original trend, with only a shadow, and then tested it 2 more times, both bottoming out at the bottom of that trend line. We can see this is an extremely strong trend line, dating all the way back from March of last year.
I believe after the rest of the mt gox funds are dumped, and if any remaining governments decide to ban crypto, we will finally break out of this trend again.
With bitcoin becoming more of a store of value, and safe haven from trading alts, it acts more like a long term investment, or the stock market average.
GBYTE - Great store of value for next correction?Most people's ALT's took a hit over the last week. But GBYTE has been particularly resilient to FUD, as well as the BTC correction. If the trend GBYTE has been on since the start of December continues, we would see 1GBYTE = 0.2BTC by end of March, when a favourite BTC hawk of mine, @CARPENOCTUM aka #33kMoku, predicts another major correction.
I'm considering liquidating all my ALTS in late march, and moving everything into GBYTE during the crash.
oops - 6th Jan high for BTC / GBP should read £12,959 not £15,564)
Thoughts anyone?
EURUSD: Still more EUR upside in store to 1.1880EURUSD Don't get Spiked in FOMC aftermath
Eur stays under pressure whilst trapped within the parallels -
a break above the upper parallel means trend change back to
positive for EUR - not a spike above the parallel (FOMC) - a
successful break and hold on retest to know that trend is
changing back to positive for EUR.
Update: A fantastic break that we usually only see in the crypto markets. But today the fiat paper currencies caught the fever. EUR is strong above support at 1.1813 and should bounce here at lowest on any consolidation from here before rallying further to 1.1880
*The first section was written for hedge funds ready for the run up and aftermath of FOMC meeting - to simplify and de-noise the event
It's not much use for trading purposes now (TV had an embargo limit running 24 hours ago when it was uploaded and thought it would do it automatically when time limit expired. Wrong. So many limits to getting information out with so many markets to cover. This is not the way.
But the price action here is worth uploading for newer traders: put the parallels on your own chart with a 5 minute chart and see how perfectly EUR comes back to test the parallel from above - one last perfect kiss - before it flies higher through uncontested space above it. The whipsaw you see is normal crap after an FOMC meeting - but out of chaos emerges perfect order. Just takes a little time. You don't need to get caught in the noise. You need to get caught in the aftermath. Sometimes it pays to wait. Hedge funds do. Why not you?
S and P 500: More range trading in storeS and P 500: Some seasonal facts to help you decide on likely S and P direction from here over the Summer:
S and P 500 Highs and Lows since 2011
HIGH LOW
28.4.11 5.8.11 and 28.9.11
27.4.12 31.5.12 and 9.11.12
21.5.13 20.6.13 and 27.8.13 and 9.10.13
no May peak 6.8.14 and 15.10.14
18.5 15 20.8.15 and 28.9.15
19.4.16 19.1.16 and 10.2.16 and 27.6.16 (Brexit) and 8.11.16 (Trump)
HIGH Pattern: A significant high is made in a small window of 32 days between 19th April and 21st May in 5 of the last 6 years.
LOW Pattern: In EVERY year a low is made in a 6 week window between 28th September and 9th November.
3 lows in August = 50% of all years, 2 lows in June (but one was Brexit)
28th September = 2 lows (2011 and 2015)
9.10.13 and 15.10 14 - 5 days apart
9.11.12 and 8.11.16 - 2 days apart
So it's fairly clear that one should be looking to enter this trade from the long side in the 6 week window between 28th September and 9th November and to exit the trade in the 32 day window between 19th April and 21st May each year, in preparation for the Vix long trade the following month (see Vix comment)
For the purposes of this exercise we obviously have to choose an optimal date and so it's quite likely that you can analyse and finesse this part of the equation better than I can, but here I'm choosing the last trading day of April to exit and the 16th October as entry date. Once again I believe that the timing of entry (more so than exit) can be improved significantly using Techical indicators, again up for further discussion.
But sticking to the same entry end exit dates for the purposes of this exercise and for simplicity yields the following results over 7 years to date:
Being invested in the S and P from start of analysis from first buy on 216th October 2010 through to 30th April 2017 would have netted 1210 points in profit.
Being invested for 6.5 months from Mid October to end April the next year has yielded a return of 1289 points, so only 79 points more or just 11 points per year difference - but over 6 to 7 months, not 12 months each year. So the point is: NOTHING is lost by being out of the S and P 500 during the Summer months, as clearly shown for the last 7 years now.
This year there is at least a new paradigm: like it or not his name is Donald Trump. Maybe he can save the S and P from summer doldrums - but he's going to have deliver a new trick pretty soon if the S and P isn't going to get bored with the UnTruman Show over the summer and gradually sell off, culminating in a mini sell off, with a 50-50 chance that this will occur in August.