TRENDING
Time is of essence so if you don’t mind I will dispense with the courtesies and get right to the point. After follow up panic selling early in the morning Bitcoin just dipped below the $8k mark. Which means capitulation has either taken place or we are getting pretty close. We may be a tad to early here but the hourly is offering us a spike low and I just grabbed some BTC/USD with a stop < 7,900.
CaveatThis is an early lottery ticket in anticipation of a snapback as we yet have insufficient data and a medium term low many not yet in place. So place your bets accordingly which means small position sizing. If you don’t have a crypto account you can play [...]
I’ve been literally in stitches over the past few days marveling over the Shakespearean drama unraveling behind the curtains of the crypto universe. And I’m not even talking about the big sell off which now seems to be reversing. Apparently BitConnect is shutting down exchange operations and a bunch of people found themselves unable to convert their tokens to bitcoin or any other crypto currency. Seems to me a bunch of unhappy folks just learned the difference between (imagined) paper profits and real profits.
This is the first installment of an ongoing educational series that will cover the basics of crypto currencies as well as a multitude of challenges involved and the knowledge required in trading this new asset class successfully over the long term.
When it comes to bitcoin and crypto currencies in general there are three groups of people on earth right now. Group A: The ones who got in early, are deeply immersed and involved in the crypto movement (due to either ideological reasons or just plain old greed), have managed to bank quite a bit of coin, and are now running like hell just to keep up. This group is in small part comprised of the nerdy pencil protector types (and I [...]
Yesterday was my first day back at the gym and managed to snap right back into my full routine in stark contrast of me barely being able to walk upright just last Sunday. As the saying goes: No Pain – No Gain, or in Yuletide terms: No Lift No Gift! Which pretty much has been my motto for most of this year as I’ve been working my ass off 10 hours plus seven days a week on the quant system front, all of which is slowly starting to pay off now. More on that to follow over the coming weeks after alpha testing has completed.
What Does It Take?
