https://chartfreak.com/wp-content/uploads/sites/18/2017/11/BUBBLE.jpg 555 862 Alex - Chart Freak https://chartfreak.com/wp-content/uploads/sites/6/2013/04/black_logo.png Alex - Chart Freak2017-11-29 15:29:252017-11-29 15:31:26Is Bitcoin A Bubble Or Not? Blockchain Part 2
My last public post last week discussed Bitcoin & Blockchain trades. They have been absolutely explosive, some trades running up 300-500% or even more. On Monday (in my premium section) I then went over some of our current trades, and discussed the idea that Bitcoin could go parabolic and then crash down, so caution would be warranted.
Does a parabolic move and crash mean the end of Bitcoin? No it doesn't, so before we get into a debate about whether or not BITCOIN is in a bubble, and whether a 'Bubble' phase means that this is the end of Bitcoin or not, please read on and then see how you feel.Read More
https://chartfreak.com/wp-content/uploads/sites/18/2017/11/BLOCKCHAIN.jpg 580 929 Alex - Chart Freak https://chartfreak.com/wp-content/uploads/sites/6/2013/04/black_logo.png Alex - Chart Freak2017-11-27 14:15:492017-11-27 14:18:00Nov 24th - The Blockchain Explosion!
NOTE: Please keep in mind that this report was written last week as a premium report, while Bitcoin was between $7000 & $8000. Bitcoin almost hit 10,000 this weekend, and a follow up premium report was posted on Monday. The following report gives you an idea of how we were viewing the blockchain charts. It also briefly discussed OIL, the XLE, Gold & Miners..
While waiting patiently for the Gold market to set up properly, we have been trading other areas, and one of those areas recently has been the Blockchain trades. I mentioned that I had been trading these on the side, watching how they play out, seeing if they act as expected, before including them in the reports. Well, they are quite volatile, but I was having success trading them, so I came to the conclusion that they were trade-able and that maybe I should put them in the reports with a small warning about risk last week. So we started trading Blockchain last week.
I'm not sure who decided to take these trades with me, and who watched from the sidelines, but I want to review some of these explosive moves (and gains) and point out a couple more set ups that may be ready to follow the leaders.
RIOT - This chart showed a consolidation that I had been trading with BIG SWINGS. After a series of lower lows, we see a higher low Nov 13 and it looked ready to break out, so I Used this chart as a buy and...
RIOT - This chart to show the bigger picture potential. I named a couple of upside targets that sounded kind of ridiculous, like $14 & $16, even in the $20's.
RIOT - I sold 1/4 of my position at $16 & posted that in the comments section. Then it after hrs, it continued to ramp up and was at $18.35, so I placed a sell for 1/4 at $18.30 & it sold immediately. I mentioned this in the comments too, so that others could follow if they wish.
GLNNF - GLNNF, RIOT, and PRELF were the main ones that I traded as an experiment. GLNNF has been very quick mover too, but they are also getting very exuberant and parabolic when they take off ( Bit coin is breaking new highs too). I sold this one a bit early every time, but with solid double digit gains. I mentioned this one near $1.20 I believe, and I sold it at $1.80 ( Red Arrow = early again) 🙂
So let's take a look at some other trade ideas in this sector...Read More
https://chartfreak.com/wp-content/uploads/sites/18/2017/10/big-pic.jpg 606 866 Alex - Chart Freak https://chartfreak.com/wp-content/uploads/sites/6/2013/04/black_logo.png Alex - Chart Freak2017-10-23 16:20:402017-10-23 16:23:33Oct 23rd - THE BIGGER BIG PICTURE