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Binance link https://www.binance.com/?ref=11813377
Dump some BTC or LTC here from coinbase. Trading Litecoin and IOTA here https://www.binance.com/?ref=11813377 lower fees.
Threw a few bucks at this if anyone is interested let me know. 140% return on capital not too shabby. Wouldn't invest the savings account but worth a shot. Friend is killing it with this. https://40a0c642.usitech-int.com
Crypto Cats clogging up the block chain. Looking for a 10x+ bagger here. GLTA.
It (Binance) was slow yesterday think it can process 1.5 million orders per second. That's a lot of coin. Now that BTC is going to be traded in the futures markets at the Merc and CBOE gonna open the flood gates got some IOTA in low 3's Going to average down on dips as well news should drive this one big IMO.
Then big at 55.63 WTI for a xmas bonus if it gets there. Trade it quick over and out.
Looks like a solid trend reversal to me but hey the technicals are the easy part. Any guesses? Should get a bounce back up soon im thinking. Going long low 56's
What will we do with all that gasoline ? Ship it overseas maybe lol. Just spewing garbage good day.
Out now 2k going Christmas shopping and baby needs new shoes going to have the vegetarian omelet I like it with feta good day gents. Lol
Having big fun
Everyone chasing bitcoin today lol get some IOTA too.
Still working the bread and butter trade, GLTA
Guess we forgot about Brexit. The dark cloud. LMS Happy trading techhies.
Oil short. Cryptos are the all the rage got some for sure but the world still runs on oil investors look like they are gonna pull the plug on black gold (For Now). Will see.
Buying IOTA AVG in for 1k
IOATA I'm in here anyone thoughts on binance opened a position there at 3.45
Brent 60 min chart looks like its going to eat crow almost.
YEP YEP Nice.. have to see the report numbers tomorrow trade it. Nice action heading into the close. WTI chart primed for a dump if it comes together.
I wouldn't bet against ole Warren but I would wait and buy it below 135 maybe. Thought he liked bargains? No bargain here JMO.
Apple is toast. Warren is losing his edge.
When is that? This may get boost looks like a move coming.
Could be here for a few days oil is under pressure after ridiculous gains. What goes up must come down sometimes much faster could be some year end profit taking adding to the mix. Uncertainty trickle down already creeping in.
Buy sell buy sell buy sell if it breaks down through 56.50 its buy buy buy here always protecting capital GLTA.
Not much upside news left I'm afraid except Macro supply side disruptions.
The core price consumer expenditure (PCE) index – the Fed’s preferred measure of inflation – rose 1.4% in October year-on-year, compared to a 1.3% rise in the previous month, while September inflation was revised upward to 1.4% from 1.3%.
The upbeat inflation report, fuelled expectations that the Federal Reserve would adopt a more aggressive stance on monetary policy, lifting yields and the dollar to session highs, which pressured gold prices to a nearly two-week low.
“We now see four rate hikes next year instead of three, followed by three hikes in 2019 instead of four,” said Deutsche Bank.
Goldman Sachs (NYSE:GS) Commodity Research said that it expects the duration of the OPEC extension would help to reduce the risk of a sharp increase in production but noted that the cuts would not target high prices amid fears over a ramp up in US shale output.
"We take away from these [OPEC] comments a strong commitment to normalizing inventories and also to remain data dependent, which reduces the risk of both unexpected supply surprises and excess stock draws," Goldman said.
In the U.S., investors mulled over a report from Baker Hughes showing the number of oil rigs operating in the US rose by 2 to 749, further adding to fears that increased output from US producers would dampen OPEC efforts to rein in excess supplies.
The uptick in rig counts come as data this week showed U.S. domestic output rose 15% to 9.66 million barrels per day (bpd).
OPEC cuts are estimated at 1.8 million per day probably less because they always are. Another 10% in US output would add nearly 1m bpd..if Venezuela gets their chit together (And They don't have a choice) gonna be tough for oil. All JMO
I'm just spewing garbage while I'm making it on both sides although a little late to the party at times. But that's ok with me. That's how swing trading works bag holding long on oil ain't much of a living of course just my opinion. So let's just stick with the facts.
In the week ended December 1, 2017, the number of rigs drilling for oil in the United States totaled 749, up by two from the prior week and up by 272 compared with a total of 477 a year ago. Including 180 other rigs drilling for natural gas, there are a total of 929 working rigs in the country, six higher week over week and up by 332 year over year. The data come from the latest Baker Hughes North American Rotary Rig Count, released on Friday.
West Texas Intermediate (WTI) crude oil for January delivery settled at $57.40 a barrel on Thursday, and it traded up about 1.3% Friday afternoon at $58.17 shortly before regular trading closed.
Opec meeting was baked in as anticipated. Didn't move the needle even with cut extensions and addition of 2 new members. Looking forward to rig count data queue the dump? Or pump and dump? GLTA
Look at the chart on Nov 16 when the Keystone pipeline leak occurred then look at the chart when the pipeline reopened on Nov 28 prolly just a coincidence I suppose Right! Cha ching. My TA puts oil around 50$ barrel within the next couple months. Of course barring any Macro events. GLTA.
Back in black hit the sack glad to be back.
Been in bitcoin for a couple weeks. BTC ETF Might be listed on the Chicago Merc Exhg. might pop huge going into that IMO. As far as oil I had my sell here at 16.23 since last night luckily it got filled. That was a weak draw mostly because of keystone IMO or there would have been a build. Will be back in here tho soon.
The decay is killing the price here drops overnight and after hours. Sold out on that last move be back in the am.
May be difficult to get investors into this commodity at higher prices when you can buy a bitcoin for 10 k and watch it double. Think about this the keystone pipeline was shut down for 12 days. It carries 590,000 barrels a day. That is some big supply coming back into a slowing demand environment. Should be worth at least 1.50 to the downside. JMO.
Plus the gasoline build last week did we miss that? . Its oil fever I tell ya. Been awhile since que the dump talk about plain ignorance. Bubbles everywhere which one is gonna pop first.
Gonna be a bumpy ride please secure all items in the overhead compartments.
"The West Texas Intermediate (WTI) prompt spread CLc1-CLc2 widened to a session low of negative 10 cents on news of the pipeline returning to service. Traders see the spread as an indicator for supply at Cushing."
Staying put here setup still intact could be a nice move reports Opec could be some wild swings see how it ends up then we should see if there will be a trend reversal
High probability trade now. But lots can still go wrong out there if things settle down seasonal fundamentals should take over for awhile. Fast moving target lol JMO
Im trading those drops got a small core position I would add on any decent moves down but dont get greedy could get burned but the draw was partially due to the keystone situation.
Abondoned baby on the monthly my personal fav. Go
This might catch some real good bids going into the holiday will see.
Gaps filled nicely on the DWT chart bid support looks good tomorrow is another day