MrRenev

MrRenev Updated 

The NAZI's are on the rise in this soon to be fail country. Idiots throw the word NAZI towards anyone they do not like, but remember what it means "Nationalist and Socialist". Any party/politician that is Nationalist and Socialist is NAZI like it or not. Right now populism is on the rise, first some dude was hinting he wanted to kill whites one day if things did...

MrRenev Updated 

Litecoin has been going up since mid december and boy am I glad I did not buy! I have been telling people to stay away and look at other markets. Crypto is most likely either dead and going to continue slowly going down as dumb money holds on their bags, or even if it were to bottom, it would be dead for years before going anywhere (slowly). "Oh but you missed...

MrRenev

Hello, let me present you: the baggy dead stock bounce strategy. What is this strategy? Short version: Often, when a company has clearly died, has had months and months and years of downtrend, bad earnings, bad sales, bad everything one ofter the other, it does not reached the ground (where it belongs), but gets to the bagholder super strong hand area. And in...

MrRenev Updated 

I have noticed agriculture volumes were soaring recently, maybe I am out of touch but those are the numbers I had in mind before: Soybeans (5B), Corn (2B), Wheat (1B), Cotton (900M), Coffee (600M), Sugar (500M), Cocoa (300M) And now they are 2 to 5 times higher, what's up? ==> Soybean Futures 10-15 Billion, Corn futures 10-15 Billion, Wheat 4-5 Billion. Those are...

MrRenev Updated 

Hello, there is an arabic proverb that says "The dogs bark, the caravan moves along/passes". Applies to crypto, as illustrated here: Now, does anyone know what happens when you fire a bullet in the air? Right, it first goes up at supersonic speed, then slows down, then tops, then falls back down, and it falls down much more vertically than how it went...

MrRenev Updated 

I am on fire. All my swing trades (short EURSEK BTCUSD XAUUSD) are dumping as expected :D Gold is accelerating down, after forming a bearish pennant, and the target is 1300, which is (almost) my initial target that was the 1295 area. It is testing the 20MA now, which might slow it down a bit, but I honestly do not expect much support here. Once Gold gets to 1300...

MrRenev Updated 

This month is almost over and I feel it is very likely that BTC (Baggie(TM)Coin) falls in March, even the 1rst March possibly. Pumps are possible but not likely here, and for the past year BagCoin has done what was most likely. You have to look at the trendlines on the 1 hour chart, also the daily inside bar here, a bear break would mean a lower low/new low and...

MrRenev Updated 

ING bank keeps spreading fear about the SKrona. "Their central bank is dovish, will put it under pressure". They announced yesterday they reached their targets of 10.60, this could be when every one takes profit. On the higher time frames, we can see there is a resistance in this area, might be a little higher depends how you draw it, but it is approximately in...

MrRenev Updated 

Hey, I got some stats for you. So Bitcoin MA 100 got tested 38 times since 2010, and this happened: * Clean bounce : 12 times * The MA got passed, with little follow up (< 10%), the price stagnated, and then the price went back the other way: 9 times * Break with follow up (immediate): 7 times * MA break followed by rapid reversal (like bouncing on it but after...

MrRenev Updated 

Well that escalated quickly. Posted an idea to short at 1350 yesterday. Gold is almost there, already. Tme to prepare these orders. These are my stop losses and targets:

MrRenev

The bears got bored of a ponzi full of bagHODLers being flat and all moved to Tesla :D So now Elon is saying "Tesla made 0 cars in 2011, but will make around 500k in 2019". Bluff. He is desperate. Every one will be surprised if he is telling the truth, but last time he had said things that seemed desperate lies, they were just that. I am not calling to short,...

MrRenev Updated 

There is not that many examples to work with with gold: I do not know of a way to access a gold chart before 1975. I know prices year per year since 1800 but that's it. This works, some times. Gold is either a currency, or a commodity, and this typically works with both commodities and currencies. Also, I have too look at the higher time frame, see what...

MrRenev Updated 

Ok so it finally moved. Time for an update then. The suspense it at its highest now, Bitcoin is at resistances and we wait and see if it makes a higher high. There is bearish divergence on the RSI, meaning stronger and stronger momentum fails to make higher highs (until now). In the past 365 days the price either stayed below the MA100 or went briefly above but...

MrRenev Updated 

Do you think Bitcoin bottomed at 3000$? If you answered anything but YES, congratulations you passed! Imagine Bitcoin being THIS OBVIOUS, and people still struggle and are afraid to miss their chance to buy and miss the ride. Think they're going to wait for the price to reach the trendline to decide to sell? Log chart also can be used Pushing in such a...

MrRenev Updated 

Make it stop! I hear voices in my head, telling me to sell. This has gone too far. Thanks for Hipster_Trader (stock market twitter person) for helping grouping those up. Right now the Dow is at 25250 points, and this time again markets are rallying on trade hopes. You know what that means ;) Also, quit wasting time on technical analysis signals that have been...

MrRenev Updated 

This is too advantageous not to take. First I will list the reasons to short, second counter argument and keeping the best for last, why NOW? Reasons for shorting: - Bear market... - Market cycles (we are at denial now this has been valid hundreds of times in the past, why would it be different now?) - I see alot of people telling others they should buy and...

MrRenev Updated 

"Ostrich feathers took off in a big way in the 1880s. ‘A well-dressed woman nowadays is as fluffy as a downy bird fresh from the nest’; ‘If you would be fashionable this winter, you will be beplumed.’ Soaring international demand encouraged South African farmers to rear more birds and by 1913 the ostrich population of Little Karoo (the region at the heart of...

MrRenev Updated 

I made an idea about the rise of facism a back in october 2018 (should have shorted it all to the ground), now with the terror regime and witch hunting going on (such as people going to jail for calling someone that "identifies" as whatever, a man on the internet, calls to lynch 15 yo boys because they are too white) it is time for a far worse cancer than facism:...