Loading...

Follow LifeStyleTrading101 - Elliott Wave Options Trading and Stock.. on Feedspot

Continue with Google
Continue with Facebook
Or

Valid


The stock market bubble appears to have topped in the short run – however, the multi day non-stop rally since the lows is quite strong. Will we hit a new high as we have continuously done for consecutive months, or will it fail at resistance?

Meanwhile, the crypto world see a 70% drop from highs across all major cryptos – is the bottom in or is there more to come?

Bitcoin

In terms of wave count – I’m seeing a possible completed 5 wave count – albiet in a somewhat awkward position of the wave – followed by a push over the down trending line on February 14 @ $9,000

We alerted buys to members at $8,000 bitcoin and $800 Ethereum

We have a 5 wave completed pattern where the 5th wave of that 5 wave pattern was itself subdivided into i-ii-iii-iv-v waves down.

We have a down trend line that was crossed on Valentine’s Day Feb 14.

So it took 8 days for it to consolidate from the bottom for enough days to eek out a push over the down trend line with follow through.

We’ve now hit resistance at $11,200.

Any dips in the $9000 region should experience strong support.

Ethereum

Similar thing happening with ethereum – though ethereum not quite as strong.

Notice bitcoin is well above it’s 4th wave pop on February 3rd @ around $9,300 (currently $10,400)

But ethereum’s February 3rd 4th wave pop was @ $1,000 (currently $943) — so ethereum has surprisingly been weaker than Bitcoin on this bounce.

I’m a semi-believer in this notion of “flippening” – in which ethereum is supposedly going to surpass bitcoin — yet the price action just isn’t reflecting that.

On the other hand, it is noteworthy to say that Bitcoin dipped close to 70% from the all-time highs of almost $20k to $6,000.

Whereas Ethereum dropped from around $1,430 to $550 – close to 62% drop from the highs.

Both are pretty bad drops with ethereum only slightly better. But for whatever reason, bitcoin’s bounce has so far been stronger.

S&P500

The S&P500 was making no sense from September up until the peak – shortly after Trump’s State of the Union Address when he was bragging to the nation about the stock market being at all time highs.

Starting in February – the market wipped out many days of gains in just 2 days – but has since rebounded in what might be a fake B-wave rally that should hit resistance near 2800 ES.

If we do get a c-wave, it could target 2410 ES ragion. If not, then this could hit new all-time highs yet again.

I have a preference for the C-wave down, but I still think it should be several trading sessions away – maybe towards end of the week and it shouldn’t be over so quick. Certainly this A-wave drop was very swift. In the past when this happened, the B-wave also stalled out and took a long time, so I can’t imagine the C-wave being fast as well – especially as everyone seems to be expecting it.

So for now, bias is to the upside for the immediate upcoming 24-48 hour window – with resistance near 2800. If we can compete 5 waves – then a potential C-wave down looms  into end of February.

If this C-wave is indeed swift – then we could happen is we get a rally in March – followed by yet another drop in April-May to complete a complex double zig zag pattern.

Nasdaq

Nasdaq showing similar signs of a possible B-wave rally.

Dow

Same with the Dow. This market is way over extended with almost no volatility for way too long. We are finally getting some volatility and movement – which should hopefully make reading these waves easier.

If you’re holding long term stock – I believe exiting now and reentering in a few months should be possible – unless this bull market just keeps screaming higher as it has in the past 6 months.

Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

The biggest security crypto hack just happened with Coincheck (Japan) – and it’s bigger than the infamous Mount Gox collapse.

You can see this article: Coincheck Confirms Crypto Hack Loss Larger than Mt Gox

The total dollar amount hacked of the NEM cryptocurrency (no other cryptos were affected) was roughly $400 million – some sources say $533 million – compared to Mt Gox’s estimated $340 million.

Coincheck confirmed Friday that the hack, now likely the largest ever in the space, occurred on its servers early afternoon local time in Tokyo. Shortly after it discovered the theft, the exchange suspended trading of NEM, the stolen crypto in question, then of the other dozen coins it lists.

Coincheck is looking into compensating its customers, its executives also announced – which is different from Mount Gox where there was a total loss for investors. The amount is unknown at this time.

So given this hack, we have to talk about security.

Anything that is connected to the internet can be potentially hacked. These are all hot wallets – because they are hot on the internet.

You should consider holding a cold storage unit – like the one we recoommend with Ledger Nano S.

When you plug it into a standard mini USB to full-size USB cable to a computer – the device will turn on and you can begin configuring it by pressing the two buttons at the top together.

 

$400M+ Crypto Hack Bigger Than Mt Gox! Secure Your Crypto Now! - YouTube

Step 1) Use Google Chrome-  adnd search for the Ledger Wallet

There’s different apps – a Ledger Wallet Bitcoin for bitcoin and a Ledger Wallet Ethereum for ethereum. If you have both bitcoin and ethereum, you’ll want to download both.

Step 2) Add the Chrome Extension for the Ledger Wallet Bitcoin/Ethereum

As the picture shows – you click the Add button.

Step 3) See Ledger Wallet App Added

You will see the two apps you downloaded – one for bitcoin and one for ethereum alongside your main Google Chrome apps.

If you don’t see it – go to the top right Settings – and go to My Extensions and Apps and you should see it there.

Next, you login with your pin code on your Ledger USB device and enter inside the Ethereum app – matching the Ethereum app you have opened in your Google Chrome browser.

Then a new window should pop up allowing you to send and receive your ethereum.

This is a cold storage unit that you can carry around with you anywhere and is generally considered the safest way to store your crypto.

So if you don’t already have one, check out the Ledger Nano S.

Bitcoin

Bitcoin may be peeping just outside of the downward sloping line. Ideally, I would like to see a move towards 14000 but it looks a bit sluggish to me.

Ethereum

The Ethereum chart is more bullish than Bitcoin. It, too, is just popping over its downward sloping channel – though it cleared its first downward sloping channel several days earlier and is now clearing its second slope line – so things look rosier for ethereum.

Today’s S&P500 Hourly Chart

This market is seriously due for a correction but based on the potential a-b-c formation, we issued a buy alert earlier this week at around 2844 ES – and exited too early at 2861 ES – because  the last hour on Friday pushed the market allt he way up towards 2875. People say cryptos are in a bubble – seriously??  Have you seen the S&P chart?

Today’s Nasdaq Hourly Chart

The Nasdaq looks like it may go for another pop on Monday morning before maybe correcting?

Crypto Resources

If you are new to crypto – the most popular place to get started is Coinbase – use this link to get $10 in bitcoin when you sign up. For smaller cryptos, I’ve been using Binance – though I’ve been having issues verifying my identity with them. So far it seems to be one of the better platforms for getting exposure to various cryptos.

Sign Up!

Sign up to become a member to access to premium videos and you will get the insights you need to make more educated trade decisions. And yes, you’ll get to join our Whatsapp mobile text alerts for weekly trade recommendations.

Trade Alerts

Get Trade Alerts Now

Follow on Instagram

  Need assistance with getting approved for options by your broker?

Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Bitcoin Post Crash Chart Analysis 1/20/2018 - YouTube

Bitcoin went to the 100 day movving average and rebounded giving initial signs of a bottom. Best guess is we should be heading up in the next week. Watch the video above for further details.

Today’s S&P500 Hourly Chart

S&P and all indices have been extremely resilient. Even when a bearish setup appears – it just somehow manages to pull back to new highs.

I see this targeting higher.

Today’s Nasdaq Hourly Chart

Nasdaq appears set up for a breakout. If it is not strong, then could indicate waning momentum.

Crypto Resources

If you are new to crypto – the most popular place to get started is Coinbase – use this link to get $10 in bitcoin when you sign up. For smaller cryptos, I’ve been using Binance – though I’ve been having issues verifying my identity with them. So far it seems to be one of the better platforms for getting exposure to various cryptos.

Sign Up!

Sign up to become a member to access to premium videos and you will get the insights you need to make more educated trade decisions. And yes, you’ll get to join our Whatsapp mobile text alerts for weekly trade recommendations.

Trade Alerts

Get Trade Alerts Now

Follow on Instagram

  Need assistance with getting approved for options by your broker?

Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Quite a bit has happened in crypto land since the last post just before the holidays.


Ripple – Ripple stole the spotlight – due to its 10x gain in less than one month, making it the biggest crypto coin after bitcoin (previously Ethereum was #2).

Ripple facilitates bank transfer of money over borders. The rise up has to do with a combination of banks adopting usage of Ripple’s XRP token (which is the least used part of its protocol offering) – as well as speculation that more banks will adopt it. Rumors of it being listed on coinbase – which coinbase has since denied – also led to the run up.

Now, Ripple cofounders (Ripple’s current and former CEOs Chris Larsen and Brad Garlinghouse) are richer than Sergey and Larry from Google as well as the founder of Oracle – talk about madness. Jed McCaleb – another co-founder who left the company to start Stellar – is also a billionaire.

Ripple launched in 2012 to facilitate global financial transactions. It differentiates itself from other digital currency platforms by its connections to legitimate banks. Companies that use the Ripple platform include Santander (SANPRA), Bank of America (BAC) and UBS (UBS).

Cross-border payments that can take hours with bitcoin or days with traditional financial transactions can go through in a matter of seconds with ripple, the company says.

CoinMarket Cap Rankings

If You Invested $100

If an investor had placed $100 in each of the top 10 cryptocurrencies in 2017, the total yearly profit would have been $64,707 (on an initial investment of $1K).

Ripple has surpassed Ethereum in market cap to become the #2 coin in terms of market cap. My apologies for not alerting on this one, I put in a speculative position at $.25, added at $.50, added at $.70, added at $1.3 – and it’s near $3 now.

Amazing from $.25 to $3+ – basically a 10x’er in 1 month. And this is not some micro-cap crypto – it’s now the second largest.

We’ll have charts of the major cryptos below. During that Crash, we recommend buys at Litecoin 247, Bitcoin 13,000, and Ethereum at 620.

Bitcoin is now over 16,000; ethereum over 900; and the only one stuck is Liteocoin which is still at 247.

In fact with Ethereum – we reiterated a buy at 790 (see on the right) – and within one hour of alerting members, Ethereum shot up to 875. Now it’s at 950.

On the S&P side, we picked the correct direction as the markets opened for the New Year, but exited our SPY call way early. We entered bullish calls at 2690 and exited at 2702. Now it’s 2742 — completely ridiculous. Really can’t make sense of the size of the move up, but it is what it is.

Ripple Explodes - Surpasses Ethereum - YouTube

Bitcoin

Bitcoin pulled back from almost 20,000 to around 10,400. We alerted to members in chat a buy at 13,000. Today it finally started showing some bullish signs and is at around 16800,

Litecoin

Litecoin has been a lot weaker than I expected. It also doesn’t help that the founder Charlie Lee sold all of his coins right at the top – that could be suppressing litecoin for a while and explain why litecoin has been underperforming most other coins.

If Litecoin can clear 260 in the next day or so, then it should have momentum to be the 285 region a test.

Ethereum

Our buy at alert for ethereum at 650 is now looking pretty good with Ethereum at 865. For those who missed it at 650, we alerted it once again at 790 — now looks like it’s giving 1000 a test.

After selling at 820, we rebought at 650.

Last time, we put the below chart on ETH – citing a traditional Elliott Wave pattern where the crash of cryptos was the giant -wave down from 850 down to 480. Our buy was at 650 – since it only spent very little time in the 500 range.

The strength and resilience of Ethereum (relatively to other coins during the crash) – was a hint that Ethereum would later jump to where it is now – well over 900.

Ripple (XRP)

Ripplehas been the one stealing the show lately. After reaching 3.3 yesterday, Ripple has been pulling back to as low as 2.18 today. I think Ripple has tested support in the 2.2 region successfully today – not spending too much time there. From here, it should be able to consolidate here above that 2.2 support region  before deciding what to do next.

Yes, that’s a 10x-er from $.25 a month ago to over $2.5.


Today’s S&P500 Hourly Chart

For the SP500, we bought SPY calls at the right time at 2690 – but we stupidly exited too early at 2702 – because look at what happened afterwards.

At this point, I hope we can see 2716 tested at some point – I just don’t know when. If it gets here, that should be a buy point with at least a bump up towards 2724.

Crypto Resources

If you are new to crypto – the most popular place to get started is Coinbase – use this link to get $10 in bitcoin when you sign up. For smaller cryptos, I’ve been using Binance – though I’ve been having issues verifying my identity with them. So far it seems to be one of the better platforms for getting exposure to various cryptos.

If you’re looking for a cold storage unit, this is the product I recommend – it ships from Europe. It’s a physical USB stick that lets you use a combination of words to access your private keys. This is useful in the event that an exchange like Coinbase or Binance gets hacked for whatever reason. It’s also your first step to becoming your own personal bank.

Sign Up!

Sign up to become a member to access to premium videos and you will get the insights you need to make more educated trade decisions. And yes, you’ll get to join our Whatsapp mobile text alerts for weekly trade recommendations.

Trade Alerts

Get Trade Alerts Now

Follow on Instagram

Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
LifeStyleTrading101 - Elliott Wave Optio.. by Silversurfer, Crypto Surfer (hedge .. - 1M ago

In chat to premium members – we alerted sells in Ethereum >$820 after our buys at $360.

After a few days, the entire crypto space dropped around 35%-45%. When bitcoin dropped close to 50% – lots of people panicked.

Instead, on that Friday – we mentioned that bitcoin, ethereum, and litecoin were all in buy zones to premium members in chat.

Now – a few days afterwards, CNBC gave this alert that Bitcoin rallied more than 50% from the Friday lows. 

Remember our Litecoin video?- it rocketed from $100 to $400 – and we put – live in the video – buy orders at $247 – which we notified members when it was sitting right there shortly after the big drop in cryptos.

Bitcoin

Ethereum

S&P

Meanwhile the S&P is flat, looks like as long as the pink support levels hold, the pressure looks to pushing up.

Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

On Nov 20, I mentioned in chat that Ethereum looks poised for a breakout – when it was at 360. If it went towards 400 – it could accelerate:

Indeed, from 260 – once it moved toward 400 – it went to 500 quick. But it consolidated before making the big break out over 800 where we are now.

If you watched CNBC Fast Money yesterday – you’ll notice that Tim Seymor made a “secret” recommendation on a crypto OTHER than bitcoin.

Guess which crypto it was.

That’s right – it was Ethereum – except his recommendation came AFTER this big run up. Whereas we alerted this in chat BEFORE the run up.

It seems the opportunity in terms of what is predictable has shifted from the indices to crypto. With stock indices so high – it’s difficult to justify buying so high. Yet, every attempt to go short just gets slammed.

Crypto has been offering much better predictability. Unfortunately, I don’t have a good read on the indices so can’t provide charts on those.

I took gains from Ethereum and bought into some smaller cryptos – we’ll see how they play out. I mentioned some of those in chat.

If you are new to crypto – the most popular place to get started is Coinbase – use this link to get $10 in bitcoin when you sign up.

For smaller cryptos, I’ve been using Binance – though I’ve been having issues verifying my identity with them. So far it seems to be one of the better platforms for getting exposure to various cryptos.

Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Litecoin was trading at $100 5 days ago. Today it hit over $400!

Litecoin $400 (+400% in 5 days) - YouTube
Just 5 days ago, Litecoin was $100 – this morning it touched over $400

Try Bitonnect and get bonus bitcoins: https://bitconnect.co/?ref=fushion83

$10 bonus coinbase signup link: https://www.coinbase.com/join/52d09ba5665390110c000076

I recommend this hardware wallet to store your crypto safely:

Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Finally, the pattern is finally making sense to some degree. The market keeps going up and it’s been a struggle to figure out whether each dip is a buy the f’in dip (BTFD) opportunity or the beginning of a turnaround to the downside.

Last Friday, we got a super quick drop from 2650 down to 2605 – due to some Trump / Russia news – followed by an immediate rebound into the weekend that exploded to new highs into this past Monday’s market 9:30am open over 2660.

Then it pulled back – we saw 2650 ES as resistance zone – it got as high as 2648.5 — was hoping for 2650 but it didn’t happen.

So on the way down at 2643/44 – we alerted a buy on SPY puts – so that position is up $800 so far.

So we may have caught this next wave. Will this wave reverse and go back up?

I’m willing to guess we see 2605 before we see another high over 2660 ES. In terms of warning signs – I don’t want to see the Nasdaq pop up too much.

Today’s S&P500 Hourly Chart

We initiated a short at 2643 ES to members, currently 2629 ES

\

Sign Up!

Sign up to become a member to access to premium videos and you will get the insights you need to make more educated trade decisions. And yes, you’ll get to join our Whatsapp mobile text alerts for weekly trade recommendations.

Trade Alerts

Get Trade Alerts Now

Follow on Instagram

  Need assistance with getting approved for options by your broker?

Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Today, the tax bill was passed in the House – anticipation into the announcement pushed markets towards new highs from yesterday’s low. We were able to capture $900 from the move up from 2565 ES up 20 points to 2585 ES – which was bigger than I had expected in terms of speed.

Today’s S&P500 Hourly Chart

We issued a BUY alert on SPY yesterday at 2565 ES and exited half today at 2580 ES and 2587 ES.

Prior  S&P500 Hourly Chart

Yesterday, we spotted a potential A-B-C 4th wave setup to the upside.

That setup played out.

Today’s Nasdaq Hourly Chart

Nasdaq hit new highs – much more direct than I had anticipated.

Sign Up!

Sign up to become a member to access to premium videos and you will get the insights you need to make more educated trade decisions. And yes, you’ll get to join our Whatsapp mobile text alerts for weekly trade recommendations.

Trade Alerts

Get Trade Alerts Now

Follow on Instagram

  Need assistance with getting approved for options by your broker?

Read Full Article
Visit website
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

This market has been really weird – as volatility has been unusually low. We saw an uptick in volatility today with the “Dow shedding more than 130 points” – that so far appears to be yet another opportunity for shorting volatility. Since Thanksgiving is coming up, I don’t expect any major selloffs in the immediate term.

Instead, I think it’s more likely that we grind higher into the holiday season.

Today’s S&P500 Hourly Chart

S&P formed an A-B-C low with 2556 low just shortly after the open this morning.

Today’s Russell Hourly Chart

The Russell is giving is a clue that the markets have reached support and are responding with upwards momentum. There is support at 1450 TF – and looksl ike we got closed and bounced up. We could retest just south of 1450 – but if this region holds, then that should conclude the near term downside for the Russell.

Today’s Nasdaq Hourly Chart

Nasdaq also appears to have formed a 4th wave A-B-C low around 6238 NQ.

Sign Up!

Sign up to become a member to access to premium videos and you will get the insights you need to make more educated trade decisions. And yes, you’ll get to join our Whatsapp mobile text alerts for weekly trade recommendations.

Trade Alerts

Get Trade Alerts Now

Follow on Instagram

  Need assistance with getting approved for options by your broker?

Read Full Article
Visit website

Read for later

Articles marked as Favorite are saved for later viewing.
close
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Separate tags by commas
To access this feature, please upgrade your account.
Start your free year
Free Preview