Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$DPW Hit a 'New Low' so far of .37 since your post on 9/28 when it was around .41-.42. But in your defense that was primarily caused by another news anomaly of a share offering filing (around 10/4/18).
That said, I would be cautious at this recent stage & not presume #Bitcoin has bottomed in the short term. Any longs with bitcoin exposure should be vigilant in the current environment with stop-losses at support areas in case it breaks downward from its latest tight trading range of the last 4 weeks
Bitcoin 1 month as of 10/3/18:
********$DRRX ~ Showing Good Support Since 9/24********
So far a double bottom forming from the 1.02 low which I first started pointing out since 9/25 on DRRX board.
Still nice entry levels thru 10/3 at about 1.10 Limit or less in my opinion.
9/25/18:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143793122
----------------------------------------------------------------------------
To Inquire Sign Up, Go Here for my next trades:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142998931
----------------------------------------------------------------------------
#Bitcoin Set up for a Fall yet in the short term?? We shall see.
It's stuck in a Tight Trading Range Nearly 4 weeks!!
If the markets have a correction & head into an even more risk averse environment in the short term, one can expect a likely sell off yet in Bitcoin with $GBTC.
Be vigilant & mindful of the support levels with stop-losses for anyone being long.
https://www.worldcoinindex.com/coin/bitcoin
$DRRX ~ Seems to basing since 9/24 with good support again this week (as a double bottom) from the 1.02 low which I earlier pointed out since 9/25.
Still nice entry levels as of today (10/3) at about 1.10 Limit or less in my opinion.
9/25/18:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143793122
I don't feel good about this GBTC & bitcoin right now. Doesn't seem to be any market enthusiasm for it right now. After weeks in a tight trading range, it could be setting up for a fall yet.
It did that pattern again!! Where it rises after market hours and then slides toward USA market hours. Right before market open now & bitcoin is at low 6600 area from about a 6845 high last night. Crazy!! Frustrating---Manipulated BS!!
https://www.worldcoinindex.com/coin/bitcoin
$GBTC closed Sept 27 when Bitcoin was near 6630 as it started it's rise upward yesterday (by my estimation).
So we'll see what the turkey does today yet.
$GBTC won't be affected by the late day run up after hours (to 6700+ from 6500 area earlier) unless it is similarly higher tomorrow here at regular hours market open.
As Bitcoin trades 24 hrs per day anything could happen. %GBTC is based on Bitcoin's movement as it happens in USA markets.
The QuietStorm's beef is warranted. Bitcoin has been head faking a lot lately after hours & then it tends to sell off toward USA market morning opens, so I share his frustration.
But on a positive note, the 1 + 3 month charts are encouraging in my view as of today) showing support near the low 6000 area, so maybe this time it'll rally soon and break out of its recent tight channel...
So we'll see
This $GBTC fund acts with a 'decay' factor when bitcoin is sideways trading in a tight range, it is a real piece of crap during such periods as now.
One has to always have that in mind when ever attempting to own it or trade it.
$DRRX up today thru 9/26 so far since I pointed it out yesterday
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143793122
I NEVER posted to buy it @ 3.00 as you just stated today. Otterman you are blatantly confused there about me.
Posts here prove it all about me dating back to July 26 - August 15.
Anyone who followed me privately or here at this board clearly sees my posts scaling into $FCSC @ 2.15-2.20 (or less) late July & then after that @ 1.85-1.90 for an avg cost of 2.02.
Then August 15 posted exited at a slight profit after it had resistance in 2.30's.
These are facts with dated posts to back them up, not subjective opinions.
Done with this. G-Bye!
Yeah, #Bitcoin not looking good right now. Down to near 6300-6400 area so far early today. Not at new lows, but broke below recent supportive gain levels from last week it achieved above 6800. Not something one wants to see when seeking technical forward progress. We;ll see how 6300-6400 area hold, and next you want to watch 6100 as lowest recent area of support
https://www.worldcoinindex.com/coin/bitcoin
That said, the stock market futures are pointing toward green, along with the emerging Markets ($EEM). If these areas can hold up, particularity the $EEM, then that would be an indication the market is not excessively risk adverse, potentially supporting bitcoin yet.
If #BitCoin doesn't hold the 6500 level starting today, then my view is that I'd probably start to become more defensive on any tickers related to it (& consequently at that point look for a re-entry area again later).
https://www.worldcoinindex.com/coin/bitcoin
#Bitcoin Advanced thru 9/23 yet, & up more since I pointed out support forming over the past week in prior posts.
...and finally the $GBTC is catching up more to #Bitcoin
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143569602
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143655588
I also called the short term peak in #Bitcoin in early September after selling $DPW (#BlockChain stock) for a profit again for followers.
Sign up with me privately to see what #Bitcoin, #Crypto, or #Blockchain trades I may be providing.
For info on signing up with my private service Trade alerts, send e-mail to:
Three_Day_Trader@Yahoo.com
Bitcoin chart thru 9/21/18:
#Bitcoin Advancing thru 9/21, & up more since I pointed out support forming over past week in prior posts.
...and finally the $GBTC catching up more to #Bitcoin
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143569602
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143655588
I also called the short term peak in #Bitcoin in early September after selling $DPW (#BlockChain stock) for a profit again for followers.
Sign up with me privately to see what #Bitcoin, #Crypto, or #Blockchain trades I may be providing.
For info on signing up with my private service Trade alerts, send e-mail to:
Three_Day_Trader@Yahoo.com
Bitcoin chart thru 9/21/18:
#Bitcoin advancing today (9/21), & up more since I pointed out support forming over past week in prior posts.
...and finally the $GBTC caught up some to #Bitcoin today
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143569602
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143655588
I also called the short term peak in #Bitcoin in early September after selling $DPW (#BlockChain stock) for a profit again.
Sign up with me privately to see what #Bitcoin, #Crypto, or #Blockchain trades I may be providing.
For info on signing up with my private service Trade alerts, send e-mail to:
Three_Day_Trader@Yahoo.com
Bitcoin chart on 9/21/18:
#Bitcoin advancing today (9/21), & up more since I pointed out support forming over past week in prior posts.
...and finally the $GBTC caught up some to #Bitcoin today
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143569602
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143655588
I also called the short term peak in #Bitcoin in early September after selling $DPW (#BlockChain stock) for a profit again with my private e-mail service followers.
My post September 5 related to #Bitcoin + $DPW history below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143373170
Bitcoin chart on 9/21/18:
$LIBE ~ Finally getting a little positive action today since the .0005/.0006 area.
Maybe it has short term priced in the temporary shock of the A/S increase (9/14).... We'll see yet (what this turkey can do)
https://ih.advfn.com/stock-market/USOTC/liberated-energy-inc-LIBE/trades
If Bitcoin can still hold supportive levels like it's doing so far this morning, then a rally in the near future still has a chance. It's just unfortunate $GBTC doesn't follow suit more accurately with Bitcoin.
It apparently trades with a decay like a leveraged fund when the Bitcoin is stuck trading sideways like it has been lately
#Party? What party? This Bitcoin crap just sits around lately doing nothing.
More like #Sh*tcoin until we see otherwise
Everything I said was true, informative & was on relevant point. Call it what ever you want, while it's a fact that I've been one of few around here who has consistently called the short term trade action right on $DPW in recent months (on both buys/sells) ever since I first started posting here, so no one has lost money on this following me publicly or privately based on my info I've put out in the past.
I talk & write the way I do sometimes because I have private followers-subscribers to be responsible & accountable for
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143569996
GLTU
LOL ~ I'm not counting on any $1.00+ or whatever scenario. I just short term trade the swings & buy/sell based on whatever the technicals + market bring me.
I've factually traded $DPW & $Bitcoin - #Block Chain related tickers successfully (for my private subscriber-followers) since I became more active in the area July 1.
I called the latest pull back in a post here on $DPW soon after that Augustafriends' post that was touting "1.20 by mid-September"
I earlier today posted that to remind that guy of his big short term upside claim without any substantiated based catalyst behind such a prediction. At end of August, I naturally doubted it & questioned such a statement in a post.
When people make such bold claims without any good reason, they set themselves up for credibility failure. I never do that. I don't promote hype or lead followers wrongly with outlandish pumper style expectations. I keep trades practical & that's part of the reason I'm consistent overall with profits while I build credibility.
#Bitcoin appears to be forming a bottom this week (most likely) when looking at technicals on a basis over past week & comparisons over past 3 months in terms of price support levels & the way basic indicators are shaping up.
If Bitcoin holds 6300+ & breaks out of the recent 6500 area resistance, we could have another nice short term rally (or in this instance possibly a multi-week rally going into the end of the year)
www.WorldCoinIndex.com
Whatever happened to "$1.20 is coming by Mid September"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143263815
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143263715
In the Short term Gold/GDXJ/JNUG has a chance to rally (like it is today some it seems) whether it be for temporary $USD weakness or for short covering reasons. However longer term I personally am bearish Gold in the current bullish stock market, strong $USD, & interest rate increasing environment.
If the stock market & economy stay bullish for a couple years yet or more in terms of trend, we could easily see a re-test of 1040 area lows on Gold or down toward 900-1,000 before it finally bottoms (and Silver @ 9-11 area).
This behavior with precious metal cycles has repeated itself in the past when we had long extended Bull stock markets & similar set ups with interest rate increases & $USD strength where the metals had decade or longer downtrends & actually saw the bottoms toward the end period of a long bullish stock market cycle.
It's only been 7 years since Precious metals peaked (2011) & started downward in a new Bear market. The last time we had a comparable period & circumstances like this was the 80's thru nearly 2000 & Gold/Silver saw their lowest in late 90's at the latter stage of that Bull Stock market cycle.
If the stock market & economy stay bullish for a few years yet (& many predictions are set for 5 yrs yet) or let's just assume half that at just 2-3 years yet along with a Fed that continues to increase rates at pace of inflation & with a Presidential administration that continues to have moves that turn out to be very strong for the $USD, then precious metals definitely have a good chance of dropping a couple more years yet (above excludes any major geopolitical apocalypse or catastrophe in the world, which is not very likely to happen)
Short term Gold/GDXJ/JNUG has a chance to rally (like it is today some it seems) whether it be for temporary $USD weakness or for short covering reasons. However longer term I personally am bearish Gold in the current bullish stock market, strong $USD, & interest rate increasing environment.
If the stock market & economy stay bullish for a couple years yet or more in terms of trend, we could easily see a re-test of 1040 area lows on Gold or down toward 900-1,000 before it finally bottoms (and Silver @ 9-11 area).
That won't have any affect on $JNUG, especially with the Decay-Leverage factor on the O/S. Even if it were totally true, what impact would a few shares owned by a handful of retail people amongst the large O/S & large volume really have?? ---Not much at all (like shooting a b-b gun at an asteroid---- A totally futile effort)
Also, the decay-leverage by the Direxion fund management that is reset daily is by far the largest factor (regardless of shorts of the stock itself) & it will continue to weigh down on JNUG separately from any shorts of the stock until its underlying index $GDXJ finally moves upward... So again, your idea to try to restrict shorts in $JNUG itself is a futile effort. Sorry to break it to you, but that's reality.
Keep in mind (as I stated in earlier posts here), that the daily decay is the biggest factor here when $JNUG is trading sideways, and you can observe this lately as one example when $JNUG is down much much more than 3x of the $GDXJ. The Sept 11 close on $GDXJ down only -.08% while $JNUG down -.87% (8x that instead of 3x --- due to the sideways action in $JNUG with decay ramping up in this period)
People simply should not trade these 3x leverage stocks with real money if they don't know much about how they operate & if they don't have much experience first trading them with paper money.
Just trying to help
;)
Waiting for a pullback again on $DPW has been correct (along with other related trades on #BitCoin + #Crypto + #BlockChain)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143373170
{Wednesday, 09/05/18}
===========================================================================
My post below (on 8/28 before the market opened & before $DPW rose upward), referencing $DPW due to rise:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143206331
My Last Prior Trade of $DPW Sold July 18 for private followers after alerted entry July 1:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142293411
(for a profit)
----------------------------------------------------------------------------
Go Here To Inquire Sign Up for my next private trades:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142998931
Since you bring that point up--- If you would've been around me at anytime the past few months since April or further back, I'd have told you to avoid anything Gold-Silver in the short-medium term, which I've been actually telling anyone privately who asks me.
I am not the type who goes around typically posting in hindsight how much I knew something (as I understand how annoying that is when people commonly may do that), but in this case I'm just telling you truth about myself with this.
I've respected the bullish strong $USD & Fed rate increasing environment for some time now & consequently have been telling anyone to trade other things which would be less risky than bearish trends on miners or gold/silver funds.
It doesn't necessarily mean I'm not looking at possibility of a JNUG trade at some point or that it's not possible to short term trade some bear market rallies, but I respect the riskier than usual environment for Gold/Silver we're in yet so I trade it less these days & have been also pointing out for over a year now out that upper 1300's on Gold is strong resistance yet (meaning again many months back I would've warned you against Gold/Silver as I've been factually telling to anyone who asks me about related trades/investments)
GLTU
----------------------------------------------------------------------------
To Inquire Sign Up for my next trades privately, go here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142998931
This is a tough environment to try to time $JNUG which I was mainly emphasizing last week on Sept 7, & even a worse environment in addition to that if it trades sideways for a while (based on the GDXJ index fund).
$JNUG is at a new low today mainly because of the 3x leveraged decay resulting from recent continuous sideways movement.
I did state "$JNUG may be due technically for a short term pop fairly soon", but I was mainly pointing out how precarious & riskier than usual it is now to attempt to time a trade on $JNUG (despite that it may be technically over due for a reversal) given the market circumstances such as the Resilient $USD.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143428645
(Friday, Sept 7)
Yep! And it's a tough environment to be long gold/silver now due to the resilient $USD strength.
https://finviz.com/futures_charts.ashx?t=DX&p=w1
Precious metals along with $JNUG may be due technically for a short term pop fairly soon, but it really is a precarious & risky period to try to time $JNUG given the current $USD strength & overall environment we're in yet & have been in for the longer term with the $USD (since approx 2014+ as the Fed's QE tapered off)
I'm waiting for a pullback again in $DPW & bitcoin. It had it's 'reversal' last week already from lows
(August 28 the last reversal started). If/when it pulls back downward, I'll re-enter at some point.
I simply 'short term' trade these types of stocks, I don't invest in them or fall into any hype by holding in a downtrend long term.
----------------------------------------------------------------------------
My post below (on 8/28 before the market opened & before $DPW rose upward), referencing $DPW due to rise:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143206331
My Last Prior Trade of $DPW Sold July 18 for private followers after alerted entry July 1:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142293411
(for a profit)
----------------------------------------------------------------------------
Go Here To Inquire Sign Up for my next trades:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142998931
I've traded $DPW successfully 2 times now along with Bitcoin since July & I can tell you that it is influenced by bitcoin's moves.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143222656
It does not track Bitcoin precisely like a GBTC fund, but it does correlate with strong moves. The upward movement on $DPW tends to be a delayed & lagging movement, but it is affected by bitcoin. The fact it tends to have a lagging movement with bitcoin is good, as it is easy to call the $DPW swings upward before they happen.
$DPW is involved as a block chain company. Like any company involved with a commodity, it'll be influenced by its underlying product or commodity.
Every block chain is different in varying degrees when it comes to affect by bitcoin, but that's the way it goes with all companies that are affected by an underlying product or commodity. One just needs to learn each pattern of each company individually that is associated with bitcoin.
$DPW has not been too hard to figure out for me.
I just learn how to short term trade these stocks (whether they are junk or have bad CEOs or whatever) instead of wasting time complaining about them all the time on msg boards
****************$DPW = Latest Win For Followers****************
Alerted Limit suggestion @ .43 for private e-mail followers before it rose upward on 8/28 (as a re-entry play on Block Chain - Bitcoin).
My post below (on 8/28 before the market opened & before $DPW rose upward), referencing $DPW due to rise:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143206331
My Last Trade of $DPW Sold July 18 for private followers after alerted entry July 1:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142293411
(for a profit)
----------------------------------------------------------------------------
To Inquire Sign Up, Go Here for my next trades:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142998931
----------------------------------------------------------------------------
In addition to $DPW re-entry as my latest profit, $CATB + $NVAX have been recent profits in August for my followers with plenty of time to enter $CATB + $NVAX before they rose upward.
**************$DPW = Latest Success For Followers**************
Alerted Limit suggestion @ .43 for private e-mail followers before it rose upward on 8/28 (as a re-entry play on Block Chain - Bitcoin).
My post below (on 8/28 before the market opened & before $DPW rose upward), referencing $DPW due to rise:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143206331
My Last Trade of $DPW Sold July 18 for private followers after alerted entry July 1:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142293411
(for a profit)
----------------------------------------------------------------------------
To Inquire Sign Up, Go Here for my next trades:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142998931
----------------------------------------------------------------------------
In addition to $DPW re-entry as my latest profit, $CATB + $NVAX have been recent profits in August for my followers with plenty of time to enter $CATB + $NVAX before they rose upward.
****************$DPW = Latest Winner For Followers****************
Alerted Limit suggestion @ .43 for private e-mail followers before it rose upward on 8/28 (as a re-entry play on Block Chain - Bitcoin).
My post below (on 8/28 before the market opened & before $DPW rose upward), referencing $DPW due to rise:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143206331
My Last Trade of $DPW Sold July 18 for private followers after alerted entry July 1:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142293411
(for a profit)
----------------------------------------------------------------------------
To Inquire Sign Up, Go Here for my next trades:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142998931
----------------------------------------------------------------------------
In addition to $DPW re-entry as my latest profit, $CATB + $NVAX have been recent profits in August for my followers with plenty of time to enter $CATB + $NVAX before they rose upward.