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FOMC Anticipation
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FOMC Anticipation

by The MoleFebruary 21, 2018

As I mentioned yesterday, we’re due to be served the FOMC minutes today at 7:00pm, and I expect equity as well as forex markets to mostly churn in circles ahead of that. Which for me means no new campaigns until the dust once again has settled. Of course crypto currencies at least remain relatively unaffected from that particular driver of volatility, so let’s try to spend our waiting time productively:

My BTC campaign unfortunately met its maker and I got stopped out at with only 3R in profits. Yes, I’m kidding of course – that’s a nice return in my book which as you all know has slow and manageable accumulation as its central theme.

If it wasn’t for those daily SMAs looming right above I may be tempted to grab another long position. However I saw several other crypto pairs dip lower this morning and thus decided to hold off for the time being.

REP/USD a.k.a. Augur is one of them, but that’s not why I’m showing it here today. Rather I am compelled by two things. First the potential for short term mean reversion trades judging by all that intra-day wick action. I think  basic system could be to slap on a 50/2.0 BB and then wait for a spike high or spike low outside the upper and lower 2.0 standard deviation. Seems to work even during a fast sell off apparently if you take profits right after the follow up candle. Off the cuff back test rule would be a 1R target with a trail moving to break/even after 0.5R or something. What do you guys think?

Now second, I know what you are all thinking…

What is Augur?

See the cryptocompare description below:

Augur is an Ethereum-based decentralized prediction market that leverages the wisdom of the crowds to create a search engine for the future that runs on its own token, REP. Augur allows users to create their markets for specific questions they may have and to profit from the trading buys while allowing users to buy positive or negative shares regarding the outcome of a future event.

How does it work?

The value of each share adds up to one dollar, so if a negative share is worth 50 cents and if a positive share is worth 50 cents, there is a 50/50 probability of said event becoming true or false according to the platform. If that event is proven to take place, the positive shareholders will receive a full dollar for each share bought. The current market price of a share is an estimate of the probability of an event occurring.

Users don’t have to hold on to a share until the event takes place, as shares can be freely traded in the Augur exchange until the event takes place.

Let’s say we’re betting on a sports tournament. A user can buy shares for the underdog to win the championship at a cheap price, 10 cents for example. As the tournament progresses, this underdog surprises everyone by winning some games. The price of that share will certainly rise given the success of the team, meaning that we can now sell the share for a higher price, let’s say 60 cents, making a 50c profit for each share sold.

After the event takes place, thousands of users will then report the outcome using the Augur token (REP), meaning that the result of the event is not reported by a central authority, but by a large group of individuals that participate in the Augur system.

Other than providing a source of income for market creators, and entertainment for speculators, Augur provides another useful feature by leveraging the wisdom of the crowd concept ( if you ask the same question to a large number of people, their average answer will always be far more accurate then the answer provided by a specialist), meaning that Augur can be used as the search engine for the future.

This concept isn’t new, however, as prediction markets have been around for a while, however, Augur is the first decentralized one, meaning that users do not have to trust a central authority to report on the outcome of events, as this creates a single point of failure and leaves the market open to mistakes or outright manipulation. With Augur, thousands of REP token holders will verify this outcome, making manipulation or error virtually impossible.

Anyone can create a market for a future event, regardless of the event itself, by providing the initial funding and liquidity for shares. Market creators receive a monetary incentive from the fees generated by the market, as users buy and sell shares for that event.

I’m really not a gambler but this sounds like a pretty fascinating concept to me. Especially sports betting is YUGE pretty much anywhere on the planet and not having to deal with possibly corrupt bookies who may lock up your winnings for subjective reasons could possibly revolutionize the sports and event betting market.

So for me a possible LT investment candidate, after a juicy dip of course 😉


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

  • HD

    $BTC getting the business end of a bull trap. 0-B TL breached and immediately sold off $1000 after it’s best rally since the ATH. IMO the high for this wave is in and we are looking at structure to see if the bear resumes or if this is a PB. https://uploads.disquscdn.com/images/942145dc2029db0c5d704c44f16f36ae11201101a4e984115433d28790f989d2.png

  • HD

    $SPX didn’t get bloodbath I was expecting yesterday but HWB traded and it sold off 30 swiftly overlapping 2717. Enough to quantify 2754, largest hit since the lows too. More significant overlap at 2673. It’s 3 waves up and 3 waves down so I am not assigning any significance yet. https://uploads.disquscdn.com/images/c02b8581b15254379d34d5584f4c9768354a4a48c296d5a5819ce446515ed475.png

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

    2pm last I checked. ..maybe 7pm Spain time.

    https://finviz.com/calendar.ashx

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

    Covered $GC this morning recovering my losses from Friday and a small 0.2R. Following Mole’s advice to sit back [in cash] and wait for what BS will stick to the wall next…

  • Richard Adler

    What charting software do you use?

  • HD

    SPX 2730 HWB

  • ridingwaves

    271 SPY still tricky, 2 and 5 yr auctions could drain some liquidity and then the fed minutes right after those auctions….fresh money might chase yield after that….I’m looking for sideways with pop next week to near old highs…

  • Darkthirty

    HWB?

  • HD

    50%, half way back- 2754-2707 3 waves, rallied back to 2730 and common reaction. spot to scalp

  • Tomcat

    How do you access the link you posted (which has been now removed)? Are you a subscriber to Elite?

  • Darkthirty

    thanks, had quite a few guesses with that………….

  • HD

    Good info, glad we have you monitoring the auctions.

  • HD

    I use think or swim but had a stop on /BTC. These are just yahoo

  • Mark Shinnick

    How would you characterize that software and its server performance compared to the others next best you might know?

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

    finviz? no, just a determined web user

    https://finviz.com/calendar.ashx

  • ridingwaves

    foreign CB appetite for treasuries is lowest since 2008….so primary dealers might need to kick in as buyers at higher clip…..250 billion this week is pretty large number…

  • Mark Shinnick

    …and skilled graphics guy.

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

    “Hottie With Body” – he he

  • Tomcat

    If this guy goes “on a limb” and says that gold is in a bull market:
    http://dennisgartman.blogspot.com/2018/02/gold-acting-well-but-unclear-if-in-bull.html?utm_source=dlvr&utm_medium=twitter
    you know what to do…
    but seriously though, I am seeing a lot of bullish formation based upon the major fundamental theme for gold (aka inflation).

  • Mark Shinnick

    Gold may also be suffering a similar internal headwind of liquidity. Its empirically difficult to be certain but the equity crushings we’ve seen so far coupled with the rate situation as a factual changing of generations of trend in the largest of markets, probably means something big.

  • BobbyLow

    Price will speak so loudly that we won’t be able to hear what others say – especially this clown.

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

    Cerebral as it is, I wouldn’t think too hard about it.

    http://www.funnysigns.net/files/weather-stone.jpg

  • ridingwaves

    I believe the first time I saw this was in Port Angeles, WA or Sequim, WA as I was cruising out of the Olympic Natl. Forest……btw-something everyone should do, including hurricane ridge…

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

    Never had an issue w TOS. Trading from an iPad is pretty sweet too.

  • ridingwaves

    Go thru the Hoh forest, take some logging roads if you have the inkling…..lots of wildlife in those mountains…damn big elk….

  • BobbyLow

    I chart and trade with TOS and think the software is excellent. The software is not dumbed down so there is a bit of a learning curve but it can do everything I want it to do and more. As HD said it also has a very good mobile platform as well.

  • Darkthirty

    Turn those machines back on!

  • BobbyLow

    Hey RW, I have 2 MRI’s for my hip and back scheduled for 6PM tonight and will “hopefully” know what’s really going on by mid day on Friday. In the meantime, Methylprednisolone has done a good job reducing my pain but I’m looking forward to finding out what my longer term prognosis is.

  • ridingwaves

    I’ve pinpointed my issue down, I’m going in to see doc pretty soon too. I can point to the spot where the pain kicks in like no tomorrow. I had a cat scan done and they didn’t see a thing…no tears etc…

  • ridingwaves

    me think’s the folks drawing the pensions are not going to see promised payouts

    Tops Markets files for chapter 11 bankruptcy protection
    https://www.marketwatch.com/story/tops-markets-files-for-chapter-11-bankruptcy-protection-2018-02-21-11103325

    if us serfs were a baseball team in the game of life, we would be in the dweller, we rarely win….

  • Darkthirty

    Try acupuncture, seriously

  • BobbyLow

    Good luck with yours and let’s hope we can get these things fixed or at the very least under manageable control.

  • Mark Shinnick

    One of my longtime cohorts describes it as old school type robust. Your separate opinions add to confidence.

  • ridingwaves

    same to u

  • ridingwaves

    I’ve been procrastinating on Acupuncture, had reasonable success 2 other times I’ve done it…

  • Mark Shinnick

    I went short equities again around here. Its obviously a very tenuous environment.

  • https://evilspeculator.com Sir Mole III

    For some reason my BTC chart wasn’t loading – just added it again. Sorry guys!

  • https://evilspeculator.com Sir Mole III

    Absolutely!

  • https://evilspeculator.com Sir Mole III

    It may be a nerve inflammation. Is there anyone in your town that knows biomagnetic therapy? My wife is learning and I first thought it was silly but this shit really works!

  • HD

    50DMA still in play. Only spent a day above. Currently 2730

  • https://evilspeculator.com Sir Mole III

    It depends on what you do. For short term trading TOS is absolutely crap as their data feeds are buffered and slightly delayed.

  • https://evilspeculator.com Sir Mole III

    So you don’t ever want to trade tick charts at TOS.

  • https://evilspeculator.com Sir Mole III

    @markshinnick:disqus see my comments regarding TOS below.

  • HD

    Stocks are buffered? Futures showing same data as CME feed for me.

  • Mark Shinnick

    OK, volatility itself is only barely supporting the short. There are indeed quite a few ordinary technical tools closely bounding this price range which was before its February 5 breach, a volume hole area.

  • HD

    The stat I have in mind, and it’s been tuff to shake, February has made a HH 6:8 times in this bull market. The 2 time it didn’t 2010&2016 were lows. 5 days remain.

  • Mark Shinnick

    Vital and relevant for my own models, Mole, thanks.

  • ridingwaves

    I’m sure in the City I can find someone, this town is full of healers….heck a feng shui interior designer makes duckettes in bay area….

  • Mark Shinnick

    That’s a good to note. To this we also note the QE environment may no longer be in any net effect.

  • Julie

    Not sure what is going on unable to post
    JULIE

  • Julie

    Shorting UNP against the high February 16 135.53
    JULIE

  • Mark Shinnick

    Be sure to ask for and obtain the DVD copy of your scanning. You can then visualize everything noted in the radiology report.

  • Mark Shinnick

    CAT scans aren’t too good with small soft tissue stuff,

  • Julie

    Chief Not sure what is going on
    JULIE

  • BobbyLow

    Good idea Mark. Tks.

  • Mark Shinnick

    Yeah, just tell the tech before the scan and they are usually very happy to burn that for you.

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

    test test.

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

    works for me.

  • BobbyLow

    I’ve never traded tick charts so I can’t speak to this but I’ve never had delay problems trading futures on 5 Minute, 10 minute charts etc.

    Trading Ticks is beyond my abilities. 🙂

  • Mark Shinnick

    So…the default of gradual volatility erosion seems again to be in play.

  • Julie

    SPY volume 20.8 million so far ? If so very very weak
    JULIE

  • Mark Shinnick

    There it is again, wash, rinse, repeat:
    “subsequent transactions by Morgan Stanley’s private equity arm “saddled the company with an unsustainable amount of debt on its balance sheet.”

    The debt monster will fuel calls for Jubilee.

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

    Get objective data with today’s great technology first whenever possible. MRI’s are becoming commodity type services.

  • HD

    Mole & Mark. I checked CL, ES, BTC, & GC and cant find any lag or buffer via TOS. Maybe it’s an internet speed thing but I’m 100% confident ST prices are spot on where I am. FWIW

  • HD

    So buy a dip or sell a rip on the FOMC? Still hugging HWB, 50DMA 2730 balance.

  • Julie

    HD SPX 2777 is two equal legs up from 2532
    JULIE

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

    Bitcoin,
    pull back to support.

    http://stockcharts.com/h-sc/ui?s=%24NYXBT&p=D&yr=0&mn=6&dy=0&id=p87316372007

    Setup: Above $12K, long till March 23.

  • Julie

    GDX stop on remaining 1/4 short is a close above the daily 5 ema at 22.23
    JULIE

  • HD

    Interesting. They crushed the vix so I am not expecting a 40 point move but….

  • Julie

    Nibbling on RIOT long stop 9.27
    JULIE

  • Lugman

    Tick charts draw bars based on trades executed and are usually used for very fast-paced trading.

  • Julie

    No volume today BAC and UNP Yeah !
    JULIE

  • https://evilspeculator.com Sir Mole III

    Not sure about stocks, but tick data is definitely buffered.

  • HD

    Hmm. Interesting but I’m curious how would you know if there is a lag on ticks when time has zero impact on the chart data?

  • BobbyLow

    Out of Gold short slightly above BE.

  • BobbyLow

    Julie, I had RIOT on my radar for awhile and tried to short it when it was trading at the $18 level and couldn’t get any shares to short. I pulled it out of my stable because I wanted to be able to go both ways. I’ll be interested if you are ever able to short this when the time comes.

  • Julie

    Good one BL DGLD Right up into 40.88 — 40.58 and failing
    JULIE

  • Julie

    BL I called Scottrade and they have shares available to short. NOW Scottrade merges with Ameritrade March 1 so I must inquire Thanks BL
    JULIE

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

    RIOT, what a block chain loser.

    how about QTS?, now *that’s* a winner.
    😉

    http://stockcharts.com/h-sc/ui?s=QTS&p=D&yr=5&mn=0&dy=0&id=p73122947326

  • BobbyLow

    What a “dump”! LOL

  • Julie

    BLKCF is another block chain GG It was a short today below 1.01
    JULIE

  • Julie

    GG BUT Check for a Fib retracement ! Lol !
    JULIE

  • Julie

    BAC Presently BE on short No Volume BAC SPY UNP Must be waiting for Fed Minutes. How stupid ! Crazy ! Same old BS coming out their mouths
    JULIE

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

    you are so right!!!

    the Algo’s didn’t know what to do, except jump to the fib level.

    https://uploads.disquscdn.com/images/73af2044e3d259aa5151509e9cdac61a8cb525f576743d3a9e2fea709cb0f7fe.png

  • Julie

    GG Do you think it is oversold ? LOL !
    JULIE

  • BobbyLow

    Stopped out of OIH Long at -.68 R.

  • Julie

    BL 30 min chart ?
    JULIE

  • Mark Shinnick

    Well, usually tics are individually printed points so what we then usually end up with is a line chart. BTW, does TOS do any technicals with tic charts?

  • Julie

    SPY Fumes ! More volume the 1/2 trading day before Christmas than today !
    JULIE

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

    I think it makes it easier for prices to get jerked around. I also don’t like Monday holidays and the short week that follows. I might consider taking the next short week off completely.

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

    yes yes. Pain is something that has been talked about in these parts. Emotional or physical, a definite distraction to trading.

  • Mark Shinnick

    Well,,getting a bunch of short signaling here, working out so far.

  • Lugman

    Dunno. You’d have to compare. Set up another data feed and compare against that. I have never used tos, nor do I do short term trading.

    But I think it’s a non-issue since I doubt anyone here is doing minutes-type trading, where possible lag could be an issue. Like breakout trading on tick chart etc where 5 points make or break your entries.

  • Darkthirty

    786 retrace…… Still waiting for the RSI (5) to hit 5 on $INDU 60 minute

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

    you Go Markie!

  • Mark Shinnick

    There’s really quite a lot going on in this price range zone to suite most anyone’s lens.

  • Julie

    GG UNP short looking nice A break below the 10 min 21 ema with increasing selling volume
    JULIE

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

    that stock is closely correlated to the S&P, not interested.
    thinking of a gap close at 140?
    😉

  • Julie

    That is the beauty of it GG SPX gonna correct more
    JULIE

  • HD
  • Julie

    HD I use the 55 ema
    JULIE

  • Mark Shinnick

    The bub-aboo here might be complacency because there’s not much room to move without hitting into someone’s favorite technical. Further downside pressing pretty much from this point would be a big tell.

  • Julie

    This selloff the last hour definitely meaningful Love it ! USO the rejection today at 12.44 is important as 12.47 is the Ichi Cloud baseline (21). USO overbought Nibbling short USO small position
    JULIE

  • BobbyLow

    Yes all my trades are based on 30 minute charts.

    I actually jumped the gun closing my Gold short via DGLD. Although I use ATR for my stops, I usually don’t use hard stops while I’m sitting in front of the computer and will make my decision when my 30 Minute Candle completes. Almost everytime I don’t let the candle complete, I’ve gotten burned and this time was no exception. But the price action following the Fed Minutes influenced my decision to close it out and this was a mistake. I should still be in the trade and it cost me $ in lost gains at least on paper. I hear ya on the 40.88 but it’s trading at $41.65 right now.

  • Julie

    OK BL Remember the 30 min 65 ema corresponds to the daily 5 ema. The 30 min chart is what I use too. One variation is I use 7 ema 18 ema and 30 ema These ema’s correspond to the 10 min 21 ema 55 ema and 89 ema Along with the 65 ema
    JULIE

  • Julie

    BL Not a mistake you made a calculated decision Only a mistake if you do not know why you made the trade.
    JULIE

  • Darkthirty

    I’ve got 1 OR A down to 2532- 618 wave 2 OR B to2745 and 1-2 of 3 OR C currently in 3 or c. If someone wants to have a crying jag over EWT so be it, I use it for an idea of where we’re at in this cluster fuck………..

  • HD

    That’ll work! 30 point hit EOD just like yesterday. May be strategy for Thursday.
    IPA and donut time.

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

    UNP An impulse down from today’s high Love It ! Shorting the shorter high ! Love it !
    JULIE

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

    too emotional. I bet your win rate is through the roof.
    put this down in your journal.

    Winter is Coming.

  • BobbyLow

    Thanks Julie but it was a mistake because I overthought my decision and allowed emotion into the equation. One of the things I’ve learned from Scott is that any more than 1 mistake per 20 trades can really mess up my overall performance so when I make a mistake, I have to ask myself why I did what I did and make note of it so it doesn’t happen again. Maybe the first mistake was holding a Gold position while anything to do with the Fed is in play.

  • Julie

    Yes GG I get emotional but I calculate everything Yes Winter is coming and I have a great list of stocks to go long and short . I trade both ways but currently leaning short as I believe this correction is not over

  • Mark Shinnick

    Whoa Nelly…to bad this didn’t start happening sooner because I’m getting forced to go overnight with this.

  • https://evilspeculator.com Sir Mole III

    Sorry for the late response – dinner time. So the deal is that you don’t get all the information. At least that’s how it used to be. Even if you pulled up a 1-tick chart you would miss out on a ton of info. Which is actually why TOS charts are so fast – it’s not really ‘real time’.

  • Mark Shinnick

    I’d imagine we need some more credible retest.

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

    Treasuries not so good either.

    TLT
    http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=1&mn=0&dy=0&id=p22367030551

    Must be an interest thang?

  • Julie

    GG In a post I believe yesterday or last night TLT a consolidation was forming and I was expecting one more leg down. Yup !
    JULIE

  • ridingwaves

    dollar adding some fuel

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

    $cash$ & Meth.
    about the only thing with value now days.
    😉
    http://24.media.tumblr.com/c595af11fca4f3c86d7f9c3cb08cf04c/tumblr_myvywduAXe1r8hcajo1_500.jpg

  • https://evilspeculator.com Sir Mole III

    Hey guys – how’s everyone?

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

    I hope some of you Zero subs caught this one!

  • https://evilspeculator.com Sir Mole III

    Well done!

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

    yeah, I read that. you are flexible.

  • https://evilspeculator.com Sir Mole III

    Since I put up those crypto addresses above a week ago I haven’t received a single donation. Kind of sad actually given the volume of information here over the past decade 🙁

    (not addressed to you subs of course – you guys are great)

  • Julie
  • HD

    Did you take the signal? What price quantifies the entry?

  • HD

    Sorry amigo Idk even know what a crypto address is. Do you pay anyone for market info? If so who? Just curious. I find value in your blogs but also find value in what your commenters do in real time. Thank you.

  • HD

    I did a study on tick charts. Looking at the FOMC announcement today. About as ST as anything. ES 144,333 etc ticks – I don’t see anything that gives it an edge over a 5 min . There’s a massive gap at the HOD too but I’m a lifelong learner and would love to hear how anyone else sees it through their lens and why that would be preferred over a time chart.

  • sutluc

    Maybe you should add the tipping currency’s address to the list.

    Edit: I’m being funny, you probably wouldn’t get better results with dogecoin.

  • Mark Shinnick

    Well, I fuckup all the time, usually in %R allocations. Yeah, the overthinking thing can sure get complicated pretty fast :/

  • Edgy

    The systems I tend to look at focus mainly at momentum, and if one is willing & able to jump in and out of trades at a mad pace, it could make some serious coin despite commissions. Backtesting these strategies over tick charts is much more productive than the 5min, but it’s a lot of churn.
    I think I’d put these to use if I used some kind of automated trading system.. But that’s a tale for another day.

  • http://www.captainboom.com/ captainboom

    Hurricane Ridge is wonderful. Stationed at Puget Sound Naval Shipyard in the 80’s, and spent many a weekend in Olympic National Forest. Loved it.

  • Julie

    On a previous thread I displayed a chart showing EBAY setting up for a short. Going up (corrective 3 wave advance) and back testing an upper trend line of a broken channel. Overbought with unimpressive up volume. Today the possible short JULIE https://uploads.disquscdn.com/images/40bd6614a08deff47f7affd08050276a0582815a0154ee0ff278209b466d5d57.png

  • Julie

    NWPX I would like to see more shares traded daily. An item to note if the infrastructure plans are carried out IMO a great play. Now a possible double top could play out from approx. 21. If this comes to fruition the target approx. 13 – 13.50 would match a support. If an ABC plays out from approx. 20.75 two equal legs down would approximate the 61.8% retracement Something to keep an eye on JULIEhttps://uploads.disquscdn.com/images/4914d2c333fd3f5654f55e244f114c8d43e74026d620ddcdc85e2cf7660dc340.png https://uploads.disquscdn.com/images/4914d2c333fd3f5654f55e244f114c8d43e74026d620ddcdc85e2cf7660dc340.png

  • Julie

    USO Interesting An ABC down with A = C approx. the 50% retracement 11 matching the 233 ema. If C = 0.618A then approx. the 38.2% retracement matching an uptrend line 11.50 JULIE https://uploads.disquscdn.com/images/980f026e59c505750b9a56e558bb6169c36a7cf9700e1c1e834fc0e6374b8832.png

  • Julie

    UUP From the last week of October to February 15 An impulse down. Channels nicely too JULIE https://uploads.disquscdn.com/images/f271308ebe38816fd38226e62d9b63435986300ceb203cb1113635938645de5f.png

  • Julie

    Another chart showing the lower base channel meeting wave 4. Also wave 4 retracing 38.2% of waves https://uploads.disquscdn.com/images/cf1c743c0cecda1d3bfe647df6f91d084343da4106633dad9cb21c0a3f3d553c.png 2 – 3 JULIE

  • Julie

    As stated many times I am not a waver I do not care if it is a wave 1;2; 5 ;3 . But I do look for impulses and corrective patterns
    JULIE

  • https://evilspeculator.com Sir Mole III

    Yeah, was considering it but clearly the core audience here isn’t on the crypto bandwagon.

  • https://evilspeculator.com Sir Mole III

    A lot of people these days are being supported by their community via donations, be this crypto, Patreon, MakerSupport, PP, etc. It’s not really what I want to do but it’s an alternative to plastering advertising all over the place. The subs here are pulling their weight and do their part to keep Evil Speculator around. They do it because they believe in this place and in what I offer. The rest just come and go and it’s always been this way.

    Whether or not people enjoy the actual content here – they should consider what it takes to build a community and to maintain it. Servers don’t run themselves and nobody is going to stay around for long if I stop posting one day.

  • Mark Shinnick

    Its nice when market action allows enough time to do play action posts.

  • sutluc

    Seems not.

    To people who are in the know about crypto it seems as though everyone is in the know, but I believe that there is still a large untapped pool of potential crypto investors (customers?) (marks?) available. They just need time to jump on the bandwagon.
    When everyone is aboard it will definitely be time to get off.

    I do not classify as an investor. I became interested in bitcoin way back, but too late to be a first mover, and I mined dogecoin in the early days to
    acquaint myself with the tech. As a result I hodl a fair sum of dogecoin from the early days of dogecoin but I have never actively traded cryptocurrencies.