Managing director and creator of
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Grain of salt required there is no one I know of who is any better than I am using a combination of technical and astro to gage future price movements in the possibility field.
Got hosed over Monday night because you had no way to place a stop order on a long crypto trade? I figure many had that happen because the exchanges are a mess.
I found a way to deal with that problem recently and have been testing it. The new crypto exchanges are at best shitty as things stand. There is a way to improve on that and it has been around for at least 10 - 15 years if not longer. If you are an American you have been left out in a big way.. Just for your "safety" don't ya know.. However there is a work around if you work a bit <sarc>. Non Americans have a much easier time funding this acct directly with local fiat.
Use this link to see what I am talking about. SimpleFX
If you are inside of the USD prison for your money, you have to fund the acct only with BTC and will get an anonymous wallet there to trade with. BTC in and BTC out as the base currency on cash out is the way that works. I like that idea as it is not taxable until converted to USD as best I can tell. If you are a brit you are already are familiar with this it is called spread betting. In the UK using a spread betting service means gains are NOT TAXABLE by law. Lucky them.
This is NOT an exchange. It is a betting parlor but a very sophisticated one and this one has been around since 2014. Not only can you trade crypto there you can trade almost anything that is tradable too. Oil Euro US stocks and indexes plus all kinds of currency pairs. A lot of possibilities to be able to hedge against an event such as last night drop in crypto. Another thing you can do is use up to 500 to 1 leverage on some tradable instruments. Crypto is 3 to one leverage but that is as good as any exchange that deals in crypto. I have tested the ability to sell crypto short using the demo acct so it works. Trailing stops work and are drag and drop to change.. Take profit orders work too so you can bracket a trade and not have to sit and pay attention 24/7. This is a contracts for differences trading shop so they are able to do things that the crypto exchanges cannot seem to do.
NOW is a perfect time to open an account which is FREE and start to play on it using a demo account to learn the ropes. There is no commission but there is a wider than most are used to spread between the bid and ask which is where the outfit makes it's cut. Kinda like the take a bookie gets on a point spread.
PLEASE USE THE LINK ABOVE OR CLICK HERE
As noted on the home page a theft incident in Lumen yesterday resulted in a widespread sell off. The ETH long trade was indeed stopped out at a profit.. BTC and lumen did NOT trigger a buy signal yesterday so was not long those two so there is NO REASON to buy any crypto right here. Being patient almost always pays off. A drop below the 12/22 low on BTC could generate another sharp decline resulting in a bargain the next time BTC shows me a buy signal. Lumen I don't know yet it is part of an ecosystem of alt coins that may or may not be viable.
As mentioned in the post on the home page I am getting ready to offer a way to trade crypto on a professional platform where hard stops and short selling is allowed. NO it is not in the USA..
Being stopped out at a profit
My personal style is to avoid dip buying and go for trades that are at least going in the same direction I want according to my position. Dip buying is called FADING.. Or catching a falling knife. Dip buying is for heroes and heroes always want to be on the front lines and often become dead heroes. Hat tip to those who can do it consistently.
I like CONTINUATION TRADES. I also like to take what is given and step aside to neutral .. maybe only being in a risk position a third of the time. One way to be a winner is to cut losses short and let winners run which is why using a trailing stop loss for a trade exit makes sense.. Once a trade has the trade a stop on it at break even.. it is playing with the house money. The recent trade on ETH posted on the chart page is a good example of letting a winner run as it is only how profitable now and not if profitable. Long at 775.. Stop now at the 89 MA and rising.. prices still above the trailing stop at 1220... Price as of this AM at 1280.. A drop to 1220 takes the trade off at 400 plus profit in just over two weeks.
Eth has traded at a new high yesterday but did so with a divergence that is a warning to close out long positions if any decline goes below the 89 moving average on the 144 min bar chart. I am in favor of parking in something that is stable against the USD when the cryptos are not behaving in a technically bullish price pattern. Consider it an "everybody out of the pool" whistle blowing. Just move to the sidelines and wait for a low risk reentry.
I have been wishing Americans could have a trading account that allows for easy positioning in various currency as well as crypto and gold for some time. Stay tuned it is going to be possible and I will give instructions soon here to make it possible.
You will be able to hold your balance in dollars or yen or numerous other currency including crypto outside of the jail; for your money called the US regulation company store.
ETH CHART.. CLICK HERE
The chart shows non divergence on the last high and a very clean bounce off the 89 period moving average.. The next rally in Eth is very likely to make a divergent high so longs may want to pay attention to the technicals. The other big cap coins BTC and LTC are in wait and see mode as far as any low risk long trade entry.
Transits to BTC birth chart
As of the moment there are TWO lead dogs in crypto BTC and ETH. they seem to tag team a bit in minor moves but all seem to rise and fall with a tide of speculative energy.
Saturn transited over BTC natal Pluto on December 22nd the exact day of the "crash" ...
Saturn will transit over BTC natal Mars on Feb. 11th. Other transits on the 11th are a Venus return and Sun conjunct Natal Neptune. There is a transit to transit Mars sesquisquare Uranus as well that is accident prone and reckless energy. Moon Conjunct Saturn as well and that is a small window for a rather dramatic event that casts a pall over the collective emotional body.
This is in between the lunar and solar eclipses and in the middle of the Korean Olympics... We have already witnessed international shenanigans during the Olympics many times before. This year seems even more prone to manifest something nasty. I would be very careful about over exposure to BTC and crypto around this time..
Keep in mind that this is like 1996 with the rollout of the WWW internet and I can tell you back then any thought of having a reliable web page was one day great the next dysfunctional. Right now is best used to watch and learn and keep low expectations. dabble.. Learn.. get set up with an acct if possible.. Trade if you must with chump change only and keep in mind that it was mid 1996 when web publishing became close to reliable.
What's in your wallet
Or maybe better said.. what should be in your wallet.
I want a CHOICE.. be it USD or EUR or YEN or BTC or some another crypto or Phiz gold. I want to be able to switch currency within my wallet when and if I chose to for any length of time I choose. This is called COMPETITIVE CURRENCY
The original idea at Least from a public figure comes from RON PAUL.
BTW he is key note speaker at Jeff Berwick anarchist
convention in Acapulco in February. Tickets going fast.. If Paul has
gone full anarchist we KNOW the end is near for the Fed run slave money
Alt BTC ewave count
The more bearish count on BTC is the current correction since the Dec high is an ABC where wave C soon completes and makes a new low below 10K.. an ABC type correction would be long term bearish indicator as it would signal technical types to expect longer term lower lows.
BUT WAIT.. there is a much more bullish count that has the correction since dec highs tracing out only an ABCDE 4th wave correction which is close to completed soon at lows about where prices are currently with a screaming wave 5 climax rally tracing out in Feb or March to highs well above the dec highs. Upside target in that case is BTC 22 to 25 K.
SEE CHART.. www.astroecon.com/BTCewaveabcde.gif
Supporting argument is the behaviour of ETH which HAS INDEED already completed a truncated ABCDE and is already well into in a 5th wave blow out rally to new highs
I have some big plans here to make astroecon great again. I was in on the ground floor with the WWW back in 1996 and it took me a year or so to get to top site in astroecon niche so I know it is not an overnight job to get to that. I do have help now my good friend Ellen is working with me as you can see in the resource page link above
The new currencies being mined and created now ALL HAVE A BIRTH DATE. It is not easy to verify the genesis block creation for some coins yet but we do know that BTC was JANUARY 3rd 2009 at 18:55 GMT so add 5 hours and you get 23:55 EST. By the way place of creation was unknown for BTC so we can just use the time and overlay that moment on the various time zones to determine the BTC energy locally.
Born out of the ashes of the old fiat economy. BTC Birth chart is not the so called "best" energy and it would be in a human a person who was up against the machine and potentially in a fatal fight. Ahh But what of the spawn?? ... So far I see the coin Stella AKA Lumen as a very good chart that should rock and roll in massive spurts. I will post a chart soon on that coin.
ETH has thrust higher overnight to hit 1200 and is the only m,ajor crypto that is still on a buy short term signal. BTC had a chance to break out of the bearish pattern post 12/22 but has failed to hold on to gains over the weekend so it is back to neutral as of this moment.
I have been watching the action in Ripple and liking the way it trades BUT there is the stench of bankster on ripple that makes me inclined to shift attention to a better.. maybe more moral.. choice of low priced alt coin to watch. maybe click over to the chart page and take a look at stellar. You want action you got it in that one.
Meanwhile both ETH and BTC are in rally mode and ETH is looking especially good.
Spoos gone wild
Buy signal generated on 12/8/2016 at 2210 and still in
Nice gain yet it took 14 months to get a gain that crypto accomplished in a few weeks.
GOLD WEEKLY waiting for a buy on a rise above 1350.
BTC gets a buy signal
Working its way out of the woods and looking a bit more unlikely to crash.. I would keep a short leash on a BTC long trade as the support pivot is mid 14500 area.. The other two ETH and XRP are still in the long trade and have developed new pivot support at a higher level than the buy signal.
Saw this vid last night .. well worth the time to watch.
The charts posted on the CHART PAGE link above are using
the same signals as I used trading S&P and EUR back in the
My preferred entry is on a break higher .. this is when prices are ALREADY moving in the direction I want.. This is NOT dip buying which is a far less profitable strategy. Low risk entry and small loses if wrong are KEY to staying alive in trading.
There have been TWO buy signals in ETH since the beginning of December 2017. This is a buy signal when prices break above the upper 1.6 standard deviation band line based on the 89 period moving average. SEE CHART CLICK HERE
There is a lot of controversy within the crypto community about the nature of the various coins. BTC is like the fundy version and has a bit of religion about it. BTC cash is like a heretic.. Ethereum is a Russian bad guy.. Ripple is the so called bankers coin.
I really do not want to worry about that here. The coins I want to follow and trade in have technical patterns that make them MORE PREDICTABLE. They are have large participation and respond to astro as best I can say with the small sample size of historical data. BTC ETH and XRP is plenty to keep track of.
Right now.... BTC is STILL IN A BEARISH LOOKING pre crash technical zone and will remain that way until it gets past the 14th without crashing ... OR if it follows ETH and XRP to higher ground and out of danger.
The big three market caps crypto's are BTC ETH and XRP. What I am going to do on this new page is watch those 3 for signs of rotation because BTC is not necessarily the "best" crypto to be the basis for a new economic paradigm. BOTH ETH and RIPPLE are better suited for widespread use.. The switch from BTC dominance into other more suitable for use coins is underway and I don't expect that is going to be smooth sailing.
As of today both ETH and XRP are breaking to new highs while BTC is STILL trapped in a bearish pre crash looking post high pattern... The 14th is very VERY significant to watch here if BTC is going to fall out of bed and out of first place in market cap in is not long till we see it.
The 28 day rule
The traditional market back when it was not out of bounds due to
central bank rigging displayed patterns that repeated ... and rules of
thumb were there for those who were looking for them.
Equity trades 5 days a week and crypto trades 7 so there is some compression when compared in trading days. In crypto trading days and calendar days are the same and the 28 day rule is the same as the lunar cycle.
IF THAT BE THE CASE WITH BTC THE IMPULSE WAVE DOWN (crash) WOULD BE DUE MONDAY JANUARY 15th
What will negate this pattern? A new high occurring before January 14th.
The astro in the first two weeks of January is better for the bullish case in crypto than the second half of December was so there is HOPE that the bear pattern is broken and prices start to move above and beyond the old highs. IF NOT WATCH OUT BELOW.