MystryBox

MystryBox Updated 

The S&P 500 has once again broken below the 500 day Moving Hull average (black line). The previous break back in September that I called managed to eventually reverse back up to new highs a few weeks later. But momentum has been trailing off despite the new highs. Will this aging and tired bull market be able to recover again or do we finally get a bear market?...

MystryBox Updated 

Buying MANA here as it consolidates its big spike up from late October. It might continue down, but I want a position in the "metaverse" narrative that is recently hot. Also a gaming play. Also a wild-ass gamble.

MystryBox Updated 

EARLY WARNING. The S&P 500 hasn't closed under the daily 500 HULL for longer than one day in a row since the covid crash rebounded over the 500 HULL back in June 2020. Today marks the first two day close under the 500 HULL in over a year. This is an early call and might change if we rebound and close the week above the 500 HULL.... but right now I'm gonna say...

MystryBox Updated 

There's a lot of buzz over Solana the last few months due to its big run up. It's back down to the lower support of its triangle consolidation, so this looks like a good place to take a long position. It's already moved up significantly, but could easily move to new all time highs again. Apparently SOL is like Ethereum but able to do many times more...

MystryBox

First a couple disclaimers: I'm not a financial advisor and this is not financial advice. I own bitcoin as my second largest crypto position behind Ethereum. I'm not a crypto expert however I am a software development expert with over 30 years experience and I've been watching the crypto space for a long time. The good news about bitcoin is it's the OG...

MystryBox

There's been a big move in SOL the last few months and everyone has been talking about it. Reading about SOL I kept seeing mentions of ALGO, and ALGO looks like it hasn't really blown up yet. So while SOL might have already had its big move, I'm taking a position in ALGO thinking it might get some love soon. There's a few bullish things... there's a triangle...

MystryBox Updated 

Tezos has recently broken to new multi-year highs, fell to retest the breakout point and now looks to be headed back up. At these levels XTZ is higher than it has been since the last crypto bull in 2018 and upside could move up multiples from here. XTZ has moved from around $1 to $4 for the last several years building a nice base. At these levels the coin...

MystryBox Updated 

I should've got some COMP back in the move over 175. Or the momentum move through the 200's. Or during the previous consolidation in the mid 300's. However I didn't so I'm chasing momentum here. Not a great entry but I think there's more to run. I'm super bullish on Ethereum right now but I'm already in that position so putting a little in COMP as a related...

MystryBox Updated 

Ethereum is the crypto to own. It takes some time to understand especially for those that don't program, but simplistically Ethereum is bitcoin plus programmability. There are other coins that have copied the idea, but Eth is the leader, has remained decentralized (unlike many competitors), and will be extremely difficult to displace. Ethereum is such a big...

MystryBox

Binance Coin/BNB does not deserve the #4 crypto ranking by market cap and could fall in the rankings and never recover at any time. It's moving up as competition to Ethereum as Ethereum has temporary scaling and high fee issues. However BNB is CENTRALIZED and no serious crypto is centralized. The fundamental advantage crypto offers is decentralization. Without...

MystryBox Updated 

Ox (ZRX) looks really good for a long entry - It has recently broken to new all time highs and is in price discovery - It held up MUCH better than most other coins through yesterdays crypto crash - It's in a bullish flag pattern... consolidating recent gains in a range under $2 - Not much attention on this yet - Making huge moves when it moves, so could really...

MystryBox Updated 

Filecoin hasn't moved yet this crypto bull cycle and is due. It's built a nice base since December last year, and it has a small $1.2B market cap giving it a lot of room to move up once it breaks out. This is a "buy when it's quiet, sell when it's loud" play. Buy now when nobody has noticed it yet and sell it when it gets attention and doubles or triples. If...

MystryBox Updated 

I don't want to hate on dogecoin, but if you're in this coin due to comments from Elon Musk, it might be a good time to get out at a profit. There are better cryptos to hold and I would be surprised if dogecoin can hold up for long in the top 10 market cap coins. There are several factors that make dogecoin not the best crypto investment idea, and I wouldn't...

MystryBox Updated 

Polkadot has proven itself as a serious contender crypto, moving up to just behind Ethereum to be the 3rd largest crypto (ignoring Tether and Ripple which IMO aren't real cryptos). It's had two huge moves up since December and is now in a sideways flat top consolidation. There's a good chance for a flat top breakout and another move up soon. Even though it's now...

MystryBox Updated 

This is an updated version of the multi-year topping pattern of the S&P 500 I've posted a few times now. The previous post is linked below in Related Ideas. The situation today adds to the previous update... we've continued the massive rally, extending this historic bull market even farther and poking over the megaphone top. We've recently had some downside...

MystryBox Updated 

Of all the securities in this momentum-driven market, Tesla holds the crown as the epitome stock for the wild-eyed Robinhood noob madly buying from "Fear Of Missing Out." So if we want to see when this momentum driven market is going to break, watching TSLA as an indicator is probably a good plan. Tesla has a great story, a colorful mad-genius CEO, and has...

MystryBox Updated 

ETH broke over its key $400 resistance yesterday (shown on the chart in blue) and Bitcoin broke over its resistance at $12000 before they both had a large, rapid dump back below support. This was pretty much expected as I explained in previous posts--$400 has been a significant turning point price for ETH going back to 2017 (see yellow circles on chart). So I...

MystryBox

This is a weekly chart of the S&P 500 priced in ounces of gold rather than in dollars. This is an update of a chart I'd posted previously with a detailed examination (see link in "Related Ideas" below). This is similar to how market data was viewed back in the 1930's as the dollar itself was a measure of gold. Some might say this is a way to remove the "Fed...