Replies to post #1733 on ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

I saw 2 exhaustive candles on the hourly BOIL chart this morning, so...

Sold BOIL @ $85.00

Bought KOLD @ $7.25

Boil may have a bit more to give today, but I believe this is near the top.

I think KOLD will go to $9 or more on a pull back for another ~20% to 25% gain.

GLTY

[No-Quarter]

FYI, I read M's update this morning on the ES site. While I can appreciate his urging to the sheeple to get into Bitcoin now during this current drop, I will continue to watch and read the charts I have below, and largely take my cues from them. Bitcoin could drop below $40K before it turns back up. Next support on chart below is @ ~$38K. Below that is ~$30K.

I remain in cash with all Bitcoin/Ethereum/Bitcoin Miners/Altcoin funds.

The Bitcoin/Ethereum flip flop chart has moved to a Bitcoin bias, but I will continue to wait for the 4 hour Bitcoin chart M65 to turn positive before I make a move back into Bitcoin, or into a miner selected by the miner matrix.

...and I will continue to wait for the 4 hour Crypto Total (Altcoin) Market Cap chart M65 to turn positive before I make a move back into an Altcoin selected by the Altcoin matrix.

GLTY

[No-Quarter]

FYI, on the BOIL daily candlestick chart below (somewhat ghosted for other reasons), you will notice I circled a 'spinning top' forming for today's candlestick.

A spinning top candle is an indication of a possible reversal. I also circled 4 other similar formations in recent past. Notice what occured the day after each of these formed.

https://www.investopedia.com/terms/s/spinning-top.asp

I bought KOLD @ $7.25 today. I will likely be out of it before the end of the week, then begin looking for another BOIL entry opportunity. The cold winter air is yet to come this season.

GLTY