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Choosing A Crypto Exchange
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Choosing A Crypto Exchange

by The MoleJanuary 8, 2018

This is the second 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.

Alright, you’ve made up your mind and decided that you want to trade all those effervecent crypto currencies your friends keep telling you about. So let’s just find a popular exchange then, open an account, and Bob’s your uncle, right? Well, I wish it was that easy and the plot thickens if you approach this from the perspective of a casual trader.

The Wild West Of The Crypto Universe

In the previous installment of this series I already hinted that trading crypto currencies is a lot more akin to slinging forex than to perhaps trading stocks, bonds, or futures. First up we are not dealing with one cohesive regulated exchange and just like the forex market crypto exchanges operate like a network of distinct and independent islands scattered all across the globe. So if you’re buying for example BTC/USD on Bitfinex, a popular crypto exchange located in the British Virgin Islands, then you’re not guaranteed anything resembling a ‘national best bid and offer’ (NBBO) as you would fore example with an SEC regulated exchange in the US.

Beside the fact that bid/ask spreads are often wide enough to pass a U-Haul truck through, your exchange is most likely running a dealing desk that actually trades against you and profits from your losses behind the scenes. Which by the way is a common and perfectly legal practice in the global forex market, even in the United States, unless you go and explicitly seek out an ECN, STP, or NDD broker. No such thing exists in the crypto universe, at least right now at the time of this writing.

And owing to varying regulations, if any, from one country to the next, you may be in for a few surprises when it comes to depositing and especially retrieving some or all of your assets. Be prepared for unexpected waiting times spanning anywhere from a few hours to a day to a week or sometimes more. So before even thinking about opening an account at any crypto exchange one of your first priorities is to address is to verify their payout and fee policies.

Looking Under The Hood

And don’t stop there and simply rely on what you are being told on the exchange’s shiny landing page. To get the real story you most definitely want to visit a popular forum like reddit or quora and investigate how many people have experienced problems and various hurdles in the past. Of course always remember that usually the bad experiences are the ones that tend to be shared; very few people go on reddit and spend time telling others how quickly they managed  to transfer their assets in or out. I’m saying that because it’s easy to get bogged down in horror stories of which there are plenty. But do your own due diligence at the best of your abilities. A good place to find reputable exchanges is cryptocompare which rates them via a public voting and review system. Stay away from obvious clickbaiters who profit from affiliate fees and will most certainly hype the exchanges that pay them the most.

Of course there are many other considerations before opening an account, basic e.g. fee structure related to transferring fiat or crypto currency in and out, means of transferring assets (e.g. credit card, bank transfer, PayPal, etc.), cost of trading due to exchange and broker fees, ability to short assets, and of course privacy considerations – e.g. will your data be shared with your country’s tax office or anyone else. Another prime concern of course are ease of use, especially since you will be forced to interact with the exchange’s trading tools for the foreseeable future until more robust and professional trading platforms begin to emerge. The user interface may be confusing or you may misunderstand what you are actually trading (BTC/USD vs. BTC/USDT for example).

Speed of execution and liquidity is most definitely a consideration in a volatile and often illiquid crypto currrency market. Once again remember that you are not trading one big regulated crypto exchange but depend on your (virtual trading) island’s local practices plus on how many other clients in that exchange are actively trading against you. Liquidity is always key and seeing a quote on cryptowatch doesn’t mean that it’s anywhere close to where you’re going to get filled. Bid/ask spreads can vary significantly based on time of day and market plus news or rumors have and will often whipsaw prices whilst leaving you without a fill.

And finally credit limits are also a factor. Unless you set up 2FA (explained below) you will most likely be limited to a daily credit limit of $5000 and perhaps even less. And even after setting up 2FA you may have to ask your exchange to increase your trading limits. Bear that in mind before transferring over tens or hundreds of thousands of Dollars with the intent of jumping into crypto currency trading with both feet.

Verification Process

By the way if you are an American reading this then you most likely won’t be trading on Bitfinex anyway as they effectively pulled out of the U.S. retail market due to the ‘challenging regulatory climate’. Which is a shame as Bitfinex in my not so humble opinion is one of the better exchanges out there. I was hoping to get around the problem by simply using my German passport but those cats weren’t born yesterday and actually will ask you during the verification process if you are a US citizen as well. And if there’s one organization you don’t want to mess with or lie to it’s the IRS, so an older and now much wiser Mole decided not to bend the truth. Which means no Bitfinex account for me or you if you happen to be a US citizen. Yes, you can thank the bloody Foreign Account Tax Compliance Act (FATCA) for that limitation and it will continue to be a hurdle that limits the options of Americans unless FATCA is adjusted to make compliance less of a headache for foreign businesses.

Making things even more tricky for us poor ‘yanks’ is the fact that financial state regulations also represent a regulatory headache for US based exchanges and thus may affect your ability to open an account. For example Coinbase will not accept residents of Wyoming and thus Kraken, GDX, or Gemini as well s others may have similar policies. Fortunately this will be determined early during the sign-up process as to not waste your time.

Now be prepared to relinquish quite a bit of basic personal information during the sign-up process (e.g. snapshot of passport or driving license). However on the upside – unlike forex, stock, or futures brokers they will not have you sign a laundry list of release and exchange forms. I recommend that you follow the instructions to a tee as your information will most likely be pre-processed by an AI and thus low quality scans and conflicting information may put you on the waiting bench for weeks on end. You have been warned and when in doubt stick with the truth and nothing but the truth as lying may one ugly day in the future get your account locked and therefore unable to retrieve your assets.

Two Factor Authentication

One piece of information you will most certainly be required to hand over is your mobile phone number and there’s a very good reason for it. Due to incessant (and often successful) hacking attempts exchanges have now begun to embrace and sometimes even require a technique called Two Factor Authentication (2FA), which is an extra layer of security also known as multi factor authentication. 2FA significantly decreases the risk of a hacker accessing your online accounts by combining your password (something you know) with a second factor, like your mobile phone (something you have). Click here to watch a brief YT video that explains 2FA in less than two minutes.

Data Access And Order Types

If your head is spinning by now then you may go and get yourself a cup of coffee before you read on as we now are going to dive into the thick of things.

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c

  • Mark Shinnick

    I’m a volatility buyer for the time being today over a trailing buy stop.

  • HD

    good eyes Mark. Vix dipped below 9 and it almost always returns to mean from there.

  • HD

    Monday: consumer credit at 3pm. Wednesday: export/import prices and wholesale inventories. Thursday: weekly jobless claims, thee PPI and the budget deficit. Friday: the CPI, business inventories, and retail sales.

  • https://evilspeculator.com Sir Mole III

    It’s going to be one of those weeks!

  • ridingwaves

    I have a friend that just confided to buying btc at $400, still holding it….4-5 coins…now kicking his only buy a couple instinct at the time. I told him just count himself lucky he bought it there….and not at 19K…still too tricky of a trade for me and I hang out in shortville sector…

  • ridingwaves

    picked up a little more of some EXAS here for long term trade…49.50

  • HD

    My POV, Look at the hit from symmetry! https://uploads.disquscdn.com/images/cce2076b245c46d22a7df19a544e9e962afa6c3fc3fae4d64ff311b2b2d2ea56.png 1 wave down and 3 waves counter, would need to break A-b TL to confirm C.

  • https://evilspeculator.com Sir Mole III

    Oh-ooooh – crypto and elliott wave … the unholy combination!!!

    https://www.youtube.com/watch?v=3V-Ui69hDpA

  • ridingwaves

    that scene didn’t help my intellectual growth as a kid…

  • https://evilspeculator.com Sir Mole III

    It scared the shit out of me for one.

  • HD

    Well, I’m a giver and that wave is worth about $1500 right now. Just 1 good trade. https://uploads.disquscdn.com/images/6aab4b4e26c56fb13d5a8a33caab9bb1fb71a6e8078b59d3a59aad6a54bad8d1.jpg

  • ridingwaves

    the melt up stage still makes it tough to time

  • Mark Shinnick

    Indeed. Melt up could make for a fascinating trailing stop result.

  • Julie

    Scott 144 is a fib number
    JULIE

  • https://evilspeculator.com Sir Mole III

    I think he knows – but he wants to know why a fib number would have value in the context of a moving average.

  • ridingwaves

    me too…that and the head falling out of boat while Richard Dreyfus is in the water in Jaws movie…I must have had the jerkiest head in lobster night diving history after that…..everything that flashed in front of my Allen light was a GW

  • Julie

    Hi Mole My interpretation of the market and stocks is that it moves in Fibonacci Fib exp moving averages are much better than the standard 10 – 20 – 50 and 200 sma’s Time again I have shown fib exp moving averages on charts
    JULIE

  • Julie

    Again as an example MU observe the 21 and 89 ema’s. Very few people believe me Chief JULIE https://uploads.disquscdn.com/images/483e255a24f0cd96514ffb50b6e40e967f558fd9580cf740c19658d18f477010.png

  • Mark Shinnick

    Is there a LED conversion for the Allen?

  • Julie

    All time frames Chief GDX weekly chart …. Again very few people believe me JULIE https://uploads.disquscdn.com/images/44fb32d19a2b3f634d7aa09b488214cf6fb9e4fbbc785749e68714e554ad10da.png

  • https://evilspeculator.com Sir Mole III

    I can get almost every SMA/EMA to line up somehow with something. In the end it’s just a personal lens, Julie. You can test that yourself but using a different moving average for a week after which you’ll start to believe that it works better than others 😉

  • Julie
  • Julie

    Chief I works for me
    JULIE

  • ridingwaves

    I’ve some modifications but not sure if I’ve seen LED conversion….
    those lights were beasts as the weight and toughness getting smashed against rocks while working in swells, tidal movement, letting it go to grab lobster etc. was kick butt

  • BobbyLow

    Absolutely!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    I also believe that the most important thing about a lens is that it has a “proven” edge for the user. For me, the way to provide proof is by back testing, forward testing, and keeping records of actual trades to see if the Average Positive Expectency in live trading is anywhere close to the testing phases over time.

  • https://evilspeculator.com Sir Mole III

    EXACTLY why you should use them.

  • https://evilspeculator.com Sir Mole III

    Pssssst… between you and me: the ugly truth is that entries really do not matter as much as people think. It’s mostly in the campaign management.

  • Julie

    If it goes above or below one fib exp moving average then insert the next fib exp mov average. Definitely works for me. I have done extremely well using fib exp moving averages on all time frames
    JULIE

  • BobbyLow

    Yep. I won’t tell anybody. 🙂

  • Julie

    Agree Chief Thanks Mole
    JULIE

  • Mark Shinnick

    Yeah…it would be nice not to have to open it up as often….maybe start using it around the house too. I lose the dinky Harbor Freight ones all the time.

  • Julie
  • BobbyLow

    I believe you Julie.

    One thing you might want to take a look at (if you haven’t done it already) is how to calculate Van Tharpe’s “Average Positive Expectency”. This would help determine how much of an edge any given system has by first establishing your “R” value (How much $ risk per trade) then take your {percentage of wins times your average win} minus your {percentage of losses X your average loss} = your Average Positive Expectancy in dollars. Then divide your APE by your amount of R value and it will give you your APE in terms of R.

    I think there might be a better explaination somewhere in the Education Section of this site and or Google it via Van Tharpe. I found it to be a good method to see if what I’m doing is the best use of my time. JMHO

  • Julie

    Thanks BL My husband discovered fib exp moving averages years ago and made a fortune. He no longer trades as he has taught me and I now trade. He is one of the best traders there ever was,
    JULIE

  • Mark Shinnick

    I see derivatives like a MA as a attempt to form some more stable datum to price change. I doubt it ever actually matters what the settings happen to be compared to the desired decision making effect of that assumed stability. Still, a lot of what we hope to believe about any stable datum really existing in markets is little but delusion.

  • BobbyLow

    Cool. Best to go with works for you. I’ll also add that working with the same stuff after viewing thousands of charts in the same way makes all the difference in the world. I can look at one of my charts and tell within one or two seconds whether I should be long, short or neutral. However someone else might look at one of my charts and give it a big yawn. In addition this is why after hundreds of attempts, I will not make a trade based on anyone elses chart. I’ve talked about my eyeglass prescription analogy enough times but my message remains the same. I can’t see the market as well using someone elses prescription lens. I just cant. 🙂

  • Mark Shinnick

    I’d bet is his trade management that makes most all the difference?

  • Julie
  • Julie

    He only traded 5 stocks and learned there adherence to the fib exp moving averages. He drew trend lines (If you notice I do too on all charts) resistance and support zones matching the fib exp moving averages adhering to the trend lines. Overbought and oversold levels. He used fib numbers on all indicators ( if you notice I do too i.e. full stochs 5,3,3 and or 13,3,3 and MACD 5,34,5 — Ichi Cloud 8,21,55 )
    JULIE

  • Mark Shinnick

    Yeah…something to that. Many find that certain symbols model better to suit their insights than others.

  • ridingwaves

    excellent place to pick up cheap right now….they are hitting on all cylinders… big boys using the short position to add here….headed for triple digits in next 104 weeks…

  • Mark Shinnick

    Who else is so amused ?? ….S&P up fo so long today around .2% ….as volatility keeps dropping. I’m not really tracking it, but seems this has recently been predictive for the index.

  • Julie
  • Julie

    RW I have a target of 44 and 40
    JULIE

  • Mark Shinnick

    What if everyone has now bot into the melt up narrative? With some of our long-ago 2700 objectives met well before that narrative, that seems a bit interesting.

  • ridingwaves

    44 possible, 40 nope…

  • Julie

    RW 40 is the weekly 55 ema and 40 is the daily 233 ema. It could go down to 40 but first we watch for a bounce at 44 as you state possible. Today massive distribution look at the selling volume and candle today
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    good to know.

    89 is a Fib number.
    [XLE 5 year weekly]
    http://stockcharts.com/h-sc/ui?s=XLE&p=W&yr=5&mn=0&dy=0&id=p64980474641

  • Julie

    GG You agree with me on the fib numbers They are the Real McCoy !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    somewhat. You have to be careful.
    if they worked 100% of the time, everybody would go full-tilt on them.

    I believe it’s a lot like the 50 day MA. a lot of people follow that, so it becomes self-fulfilling. But yes, would I be screwy to say they work more than 50% and give a slight edge? Work with what works for you, and make hay while it shines.
    -GG

  • Julie

    You and my husband know all about fib numbers i.e. level 1 – level 2 – level 3 etc.. You sly fox !
    JULIE

  • Julie

    I have computed the levels for F and within 2 pennies. Remember I asked you about BAC and the split ? You sly fox ! My husband told me to figure out the split myself. Both you and my husband sly foxes !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Being engineer trained, I can hand calculate them!
    for blondes, I recommend just pasting a Fib table to the monitor.
    =P

    https://www.mathsisfun.com/numbers/fibonacci-sequence.html

  • ridingwaves

    you do realize the short position size that was on there right? Ythey hit above guidance and this is just a bear attack clearing the way for the big boys to buy more….this symbol has 80 written all over it in less than 233 days

  • Julie

    RW I agree we just must time an entry.
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    throw a bollinger on it, straight lines are nice, but don’t always hold.

    or cut that channel in half, and add half-channel above original channel.
    RSI 72 is bull perky territory.

  • Julie

    GG The lower Bollinger band is turning up ! YEAH !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    price is threatening to trend higher.
    see the circles? EDIT: price moves above red 2.0 and onto blue 3.0

    https://uploads.disquscdn.com/images/5c5bb789a45ea83d4acbb49c150a40df94cd7168e98300a49c699430e333bc09.png

    also, when pullbacks happen, shorts don’t make much money (purple lines).

  • Julie

    USO A 76% retracement bear flag ( corrective 3 waves) Everyone I only use EWT to differentiate an impulse from a correction. 12.42 down to 12.21 was an impulse and the bounce off the daily 5 ema is corrective IMO Looking to short 10 min chart a bearish 10 min candle closing below the 8 ema and Ichi Cloud conversion line (8) approx. 12,35 with a MACD bearish signal line cross and A CCI trend line break Shown USO 10 min chart JULIE https://uploads.disquscdn.com/images/aebb1a70c4faa353bf90a3ff8226c3348cb7c8a27ed40d91fba73a292008b329.png

  • Julie

    XHB overbought monthly – weekly and daily. Negative divergences daily chart which implies a drop to the daily 55 ema or lower. GG gonna short it on the 60 min chart …. A dump below the 60 min 8 ema and Ichi Cloud conversion line (8) and WVAP coinciding with a bearish crossover MACD and a t https://uploads.disquscdn.com/images/944b379120502728ad879dab8006c28e08beebb33f328e99ad96238eca66a462.png rend line break CCI Shown XHB 60 min chart JULIE

  • Julie

    GG Look at today’s candle print and volume …. A topping tail ! Yipes ! This baby is setting up at the upper channel ! It’s a short !
    JULIE

  • BobbyLow

    I watched oil prices very closely today and what I saw was a slow, slow, drip, drip drift upward on my 30 Minute. Not a big move alltogether but enough of one to stop me out of my short. I would rather have seen a spike up move and then a retracement back down.

  • Julie

    EXAS A failure on the bounce at the 61.8% retracement and upper cloud boundary ! YEAH ! This jasper possible down to the daily 233 ema which matches the weekly 55 ema approx. 40 Shown EXAS daily chart JULIE https://uploads.disquscdn.com/images/8499cae1edf4db7f4a900f369d6cf00b2655dfab64dca2714f5c5e8f1debd290.png

  • Julie

    XHB that is
    JULIE

  • Julie

    What A Day ! Everyone here is great ! What A Great Blog ! No derision and trolls like other blogs! Love ya guys !
    JULIE

  • BobbyLow

    Trolls don’t last long here Julie.

    There are people trading so many different time frames that there is also very little disagreement on whether it’s best to be long or short on any given position. This is because one can be long and another be short and both be winners.

  • Julie

    Yup BL Our Chief runs a tight ship and we all learn from each other. The way it should be Thanks for all your contributions BL as I really do listen to everyone here.
    JULIE

  • https://evilspeculator.com Sir Mole III

    If you think there’s an edge you ought to be tracking it!

  • https://evilspeculator.com Sir Mole III

    Nothing beats price as the ultimate denominator – we only use indicators to show us representations or derivatives of price which we have a hard time seeing/recognizing.

  • https://scottphillipstrading.com/trade-setup Scott Phillips

    Hi Bobby! One thing I notice is that when I have a visceral emotional reaction to someone elses trade it is nearly always MY bias in play and I am heading for a loss. If I’m trading well seeing someone else talking about being long when I’m short (or vice versa) just seems interesting.

  • BobbyLow

    Hi Scott. Glad to see that you had so much success with Bitcoin and I wish you the best for 2018 and beyond. 🙂

  • Mark Shinnick

    Yes, but no belief at all in any genuine edge because I really believe these overall conditions are too irregular and non-organic to be worth modeling.

  • https://evilspeculator.com Sir Mole III

    Hey guys – I’m working on the next installment of our crypto series and will most likely not be able to complete it today as it involves combining a lot of data from various sources as well as my own. So please forgive me for not posting today but your patience will be rewarded tomorrow 😉

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick

    Passé ?

  • Tomcat

    Looking to add to $GC position established last December. I still think we blow through 1350 level

  • Mark Shinnick

    Long volatility.

  • Mary

    Looks like it doesn’t want to go any lower right now, so the next move is probably up.

    Buy 14,650 … stop 14,380 (fake money)

  • HD

    RIOT in the crypto space breaking out

  • HD

    $SPX met the fractal target presented Sunday. Watching 2754 work a little as R. Without a terminal pattern I was looking at the chart and it looks very familiar to last years rally kick off. Until we overlap 2695 there is this familiarity with 2017 -if price trumps pattern.
    2016 closed LOD and Jan kicks off march to round number, little R and immediate march to next level before SPX gets it’s first zig zag to buy. So, in summary, a bearish fractal if 2754 continues to provide R and a bullish fractal if it doesn’t. Guess I removed the bias which is what some prefer. Thoughts?
    https://uploads.disquscdn.com/images/ff98450dddf4873756386f61a9c32c0a14b4d5452e284a3417936363125db837.png

  • ridingwaves

    PNFchart did paint a double bottom breakdown yesterday with move to 41 target ….the gap below 44 seems to more plausible…

  • Mark Shinnick

    Nicely phrased open question. Would seem that any truth to the melt-up and “ma&pa buying again” narrative needs to continue this slope pretty damm quick.

  • Mark Shinnick

    Standing aside.

  • BobbyLow

    Looks like Oil after making that slow, drip, drip move upward yesterday has turned into a little stronger move upward today.

    Just following price and FBOW, I’m currently long oil and short gold.

  • ridingwaves

    news-Kodak’s stock rockets 42% after announcing blockchain initiative

    I think I’m going to change the name of my company to blockchain something something….see if I can lift my share price…

  • BobbyLow

    I just ran a chart on it and with almost 3 million in volume traded by noontime it definitely looks tradable. I tried to read about what it is and what it does but it’s a little difficult to understand. 🙂

  • BobbyLow

    Maybe they’re bringing back the Brownie Camera that comes with a blockchain? 🙂

  • Julie
  • ridingwaves

    it will be the French model of brownie tied to BTC algos so you can film your investment as it gets traded….

  • Julie

    BL USO a bounce off it’s daily 5 ema Full stochs (13,3,3) embedded USO on recent advance has been contained 5 ema JULIE https://uploads.disquscdn.com/images/05431caa21e15afa47fc52e1b86059acc171366834283b8c29d4e0b3e75a59bb.png

  • Mark Shinnick

    Examine the 10y price structure for a 100% pop objective ….will gold mind? Miners not really keeping it together, so watch out.

  • BobbyLow

    I’m trading UCO on a 30 minute chart but changed from 12 SBB’s to 20 SBB’s. (The 20 SBB is about the same as a 15 EMA). I’m seeing price currently embedded in the upper band of the 20SBB and that’s a good thing if long and I am.

    MOMO is never forever (except for the DOW :)). When oil price demonstrates evidence of breaking down, I’ll flip over to the short side via SCO.

  • Julie

    USO 5% above it’s daily 21 ema has led to a pullback. 2% below it’s daily 21 ema has produced advances JULIE https://uploads.disquscdn.com/images/2c247cd617dd7e78078c5f9a8fb6cd1fbee4ade222115dbdac4859dc162fa5c3.png

  • ridingwaves

    important moment for GILD here…trying to jump the 100sma…

  • Julie

    BL 60 min chart the 34 ema corresponds closely with the daily 5 ema as does the 65 ema on a 30 min chart. I use these extensively
    JULIE

  • Mary

    If I took this with live money my stop would now be at break even.

  • BobbyLow

    Did you ever think that Bio Tech stocks would be considered low beta compared to Bitcoin, Blockchains etc.? 🙂

  • ridingwaves

    actually the recent bull thrust coincides with BTC futures inclusion…..makes me think some investors are painting the BTC explosion as a sign stocks are not overheated…….I’ve been stalking this bio sector move for 6 months, it should be a big part of final meltup…..and its paying off big time for me…

  • Julie

    BAC Since it’s MACD reset at centerline on a pullback to it’s daily 55 ema mid November. Triple negative divergences RSI and MACD and wedging Resistance at 30.51 and today’s high 30.54 and pulling back. 29.92 is a strong support and it’s daily 8 ema approx. 30.07 JULIE https://uploads.disquscdn.com/images/459df2ee0029d24d048506eddc2b6a40b947b952c393156fda59dce6196d6384.png

  • Julie

    Where is the GG ? Calling GG !
    JULIE

  • https://evilspeculator.com Sir Mole III

    I think he’s MIA – probably froze to death.

  • https://evilspeculator.com Sir Mole III

    BTW, I’m starting a new block called evilblockchain.com – now give me money!

  • https://evilspeculator.com Sir Mole III
  • ridingwaves

    people looking at BTC are saying, if that is worth anything than I guess stocks are a bargain…at least you own it…and it can’t be mined by North Koreans….etc

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I’m studying for my Series Seven exam {/sarc}

    what’s up?

    https://i.pinimg.com/originals/10/d1/64/10d1640c4de5029ba5789971dfcc4f54.jpg

  • https://evilspeculator.com Sir Mole III

    Julie misses your presence so pay your respects.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I have that effect on women.

    Just need the pile of money to match.
    😉

    or she’s sweating the XHB trade. Muwahaha.
    http://stockcharts.com/h-sc/ui?s=XHB&p=D&yr=0&mn=2&dy=0&id=p71491802632

  • Mark Shinnick

    I really have no idea WTF people are thinking in a world gone so mad. But, the 10Y looks to me to have a 100% rate pop measuring objective that might splash some cold water.

  • Mary

    All according to plan…. (Critical Theory).

  • Mark Shinnick

    That’s potentially very elegant 🙂 Things just need to all play out I guess.

  • HD

    your indicator may not being showing “participation” but I think the BOTs and most of humanity is fully invested.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    A little fun for Julie’s Fibo 233.

    [5 YR]
    http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=5&mn=0&dy=0&id=p84981014100

    217 is more accurate, but visually not much difference.
    -GG

  • ridingwaves

    retail at highest level since the great depression 2

  • HD

    Indicators only reflect what price is already telling you.
    SPX has rallied 10 handles every day this year. It’s a perfect measure of BOT participation.That’s the trend I am waiting to see change.

  • Mark Shinnick

    Another heads-up on reits.

  • HD

    another POV, if they continue to carry over same program from last year, OPEX next Friday so potential for PB into Friday before. You can study last years OPEX to familiarize with that fractal.

  • ridingwaves

    I get it….I’m cleaning up on sectors…

  • Mark Shinnick

    Well…rates, real estate, equities in the balance all at fascinating eye-opening thresholds.

  • Julie

    GG Love the 233 ! WOW ! 89 and 144 too !
    JULIE

  • Mark Shinnick

    Went long vol again around midday and holding.

  • Mark Shinnick
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    INTC Previous posts I maintained 47 was a high (double top) https://uploads.disquscdn.com/images/6ca2410785ea98e6d2022c8f3c6c3e0750ce766add8a4dbffd43f6ab82c7cc0b.png according to monthly and weekly charts showing trend lines. Nothing like shorting a lower high failing at (1) 50% retracement (2) Ichi Cloud baseline (21) and (8) (3) declining 21 ema and closing with an ugly candle below it’s daily 55 ema JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Ahhh ! I want to short XHB (homebuilders) so bad I am foaming at the mouth ! Two charts Daily and 60 min. The daily 5 ema corresponds to the thick black line 34 ema on the 60 min chart. The daily Ichi Cloud conversion line (8) corresponds to the upper cloud boundary on the 60 min chart. I am looking for a bounce to a lower high off the 60 min 34 ema or the 60 min upper cloud boundary to a lower high to short em Shown XHB daily and 60 min charts https://uploads.disquscdn.com/images/9c408bd778f509de1efd642b107b8cd48ec2fe57800b8b9929ec912b1380220b.png https://uploads.disquscdn.com/images/01a200097d214eb0dd6c175baba3c4509e7cfd4c4ac5845f2746b73c3979a701.png JULIE

  • Julie

    Agreed GG ! Love shorting former dictator employer !
    JULIE

  • Julie
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    IMHO, your Full STO is embedded and useless.
    You want to short something trending uphill on the daily?

    advise you check with your hubby. My medical opinion –
    You have cougar’itis.
    (a preponderance to pounce)

    use an MA as an entry short if you must.
    http://stockcharts.com/h-sc/ui?s=XHB&p=D&yr=0&mn=6&dy=0&id=p80728255896

    LoL.

  • Julie

    GG Only going to short a lower high. Not attempting to pick a top. It should show up on the 60 min with a lower high bouncing off the daily 5 ema or daily Ichi Coud conversion line (8) Not till then
    JULIE

  • Julie

    GG Checked with hubby He said the best way to short XHB is wait for a dump below the 21 ema to the lower Bollinger band meeting the 34 or 55 ema’s then short the bounce to a lower high failing at the then declining 21 ema
    JULIE

  • Julie
  • Julie

    GG He also said if it bounces off the 34 ema and gap support then short if it fails on the bounce at the declining 5 ema
    JULIE

  • Julie

    CAT Possibly the throw over of the upper trend line printing a doji candle could be it for CAT.A bearish close below the trend line and Tuesday’s low (165.09) may start the ball rolling to the downside.JULIE https://uploads.disquscdn.com/images/f5e4642968993c7565ae70c0bbfbd443c31c660e70175f805e41a2d8b11e7101.png

  • ridingwaves

    did Mole jinx the crypto movement with his breakdown….did everyone sell except for Peter Thiel?
    just kidding….good morning to a red day….you got’s to be kidding me…

  • ridingwaves

    lennar might help you today…

  • HD

    C wave down on BTC confirmed. I’m pretty stoked to be for $2,000+ already. The SPX fractal 2754-2759 got the reaction and CIT I wanted to see yesterday. Payday

  • Yoda
  • HD

    Perfectly timed entry! kudos

  • ridingwaves

    need XLF to crack for bigger move….Tough short sledding when FIRE and Energy sector still green.

  • Mark Shinnick

    I’m almost at vol interim exit objective.

  • ridingwaves

    i’ll join you on XLF retest of 28.80

  • https://evilspeculator.com Sir Mole III