Hacked: Hacking Finance

Hacked: Hacking Finance

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Analysis

Ethereum, ETCUSD and ZECUSD looking tired

Posted on April 30th, 2017.

In my last column I suggested that ethusd would be going higher.  If you take a look at the picture I sent in with that column, you can see that at that time, pricetime was at the high point indicated by the red arrow in the picture below. Price was above the 2nd of the 4th arc pair.  This is an excellent indication of the way markets...

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Blog

You Wanted to Become a Millionaire?

Posted on April 30th, 2017.

A couple of days ago I wrote my reflections around my first investment to reach $1 000 000 in equity. I received an interesting comment saying: Thanks for the honnest follow up. But……. You wanted to be a Millionair ??????. With this investmemt that is not going to work. You need to take risks for that. This is not a dumb comment, it is...

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ICO

ICO Analysis: BOSCoin

Posted on April 30th, 2017.

BlockchainOS Coin is what BOSCoin means. OS means “operating system,” for the completely non-technical among us. It differs significantly from other coins we’ve covered, as well as Bitcoin, Litecoin, and most other established cryptocurrencies. BOSCoin is not governed by the rules of consensus that are established and modifiable only by...

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Analysis

Weekly Analysis: Stocks and Cryptocurrencies Surge as the Eurozone is Saved (For Now)

Posted on April 29th, 2017.

Weekly Recap Current Value Weekly Change 2380 1.30% 12470 2.11% 49.19 -1.45% 1269.50 -1.71% 1318 7.85% 1.0898 1.63%   Traders could almost hear the collective sigh of relief in the financial world, as the French election removed the risk of an imminent political crisis in the Eurozone. Global stock indices surged to new bull market and...

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Analysis

Weekly Analysis: Ethereum, Litecoin, Monero, Bitcoin, Augur & Ripple

Posted on April 29th, 2017.

This week was outstanding for cryptocurrencies. And, I expect next week will be even more so. I will give a brief rundown of many of the more actively traded coins, ending with my favorite of the day. ETCUSD This sleeper has rallied hard all week. She got past the $4 mark, but is staring at a 5th arc at ~ $5.70.  This was a great catch...

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Recommendations

Investment Recommendations April 28th

Posted on April 28th, 2017.

S&P 500: Short-Term Sell   S&P 500, 4-Hour Chart Analysis (with NASDAQ comparison) The S&P 500 index continues to lag the leaders of the market, as the rally is getting narrower, with only the major tech names pushing the stocks higher. The financial sector remains well below the March highs, warning of underlying weakness in...

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Analysis

Daily Analysis: NASDAQ on New High Again as Tech Giants Report Blowout Numbers

Posted on April 28th, 2017.

Friday Market Recap Asset Current Value Daily Change S&P 500 2388 0.25% DAX 12470 0.14% WTI Crude Oil 49.36 0.96% GOLD 1266.00 0.26% Bitcoin 1317 -0.08% EUR/USD 1.0918 0.42%   Google’s parent company Alphabet and Amazon both posted great first-quarter numbers yesterday and the NASDAQ surged to new highs again overnight. The...

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Analysis

Ethereum’s run is not over yet

Posted on April 28th, 2017.

Ethereum Ethereum has been on a tear for several days now.  As regular readers know, I had a target of $60-62.  That target was reached a few days earlier than I expected, and I fully intended to focus my attention elsewhere after exiting at $60.  But the advance has not stopped yet. Pricetime is giving every indication that it will push...

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Trading 101

Trading 101: Charting Tools I: Support and Resistance Levels

Posted on April 28th, 2017.

So far, we have been looking at trends and the structure of trends in financial markets that are essential in understanding how asset prices move. We also got a glimpse of the art of charting, the visual representation of prices. Now that you have the basic knowledge, we will give you more tools to tweak your trading, while helping you...

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Blog

My First Investment Towards $1 000 000

Posted on April 27th, 2017.

As I wrote in my previous post Join me to my first goal of $1 000 000, I was searching for my first investment to reach my main goal of $1 000 000 in equity. I am going to invest at least 10% of my monthly income in a low risk but high yield opportunity. I have done a lot of research on stocks, commodities, index funds, and even...

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Uncategorized

Investment Recommendations April 27th

Posted on April 27th, 2017.

Oil: Short-Term Sell (Update)   WTI Crude Oil Futures, 4-Hour Chart Analysis The quick dip lower below crucial support today, following the failed rally above the $50 level yesterday, justifies the lowering of the initial stop-loss level. Yesterday’s highs serve as an optimal resistance just above $50 for the new level. The re-test of...

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Analysis

Daily Analysis: Stocks Go Nowhere as Central Banks Leave Policies Unchanged

Posted on April 27th, 2017.

Thursday Market Recap Asset Current Value Daily Change S&P 500 2389 0.05% DAX 12470 -0.08% WTI Crude Oil 48.56 -2.12% GOLD 1263.00 -0.06% Bitcoin 1318 2.18% EUR/USD 1.0859 -0.28%   The broad plans of the much-awaited US tax-reform were revealed yesterday, and “the biggest tax-cut in human history” disappointed investors somewhat,...

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Trading 101

Trading 101: 10 Essential Trading Rules for Rookies

Posted on April 27th, 2017.

As we already stated, trading is more of an art than an exact science, but still, there are some rules that can help you in being consistently profitable despite the seemingly chaotic environment in financial markets. While some of the commandments below might be treated flexibly in certain cases, as a rookie, it’s best to follow them...

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Recommendations

Investment Recommendations April 26th

Posted on April 26th, 2017.

Oil: Short-Term Sell   WTI Crude Oil Futures, 4-Hour Chart Analysis The crucial commodity hit the $49 per barrel level at the end of last week, and since then has been in a weak correction that took it up to the crucial $50 level. The global rally in risk assets and the weakness of the Dollar wasn’t enough to cause a bounce in oil, and...

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Analysis

Daily Analysis: Bitcoin Nears Record High as Stocks Take a Breather

Posted on April 26th, 2017.

Wednesday Market Recap Asset Current Value Daily Change S&P 500 2388 0.25% DAX 12478 0.22% WTI Crude Oil 49.16 -0.72% GOLD 1264.00 -0.26% Bitcoin 1290 1.90% EUR/USD 1.0892 -0.05%   Global stocks are little changed today, following the strong rally of the frost two days of the week, as investors await the tax proposal of Donald Trump....

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Analysis

Urgent Analysis: Bitcoin is at a Double Top + Ripple & Monero

Posted on April 26th, 2017.

Urgent update: XBTUSD I have just seen at least one setup on a 4 hour chart that suggests that XBT (bitcoin) is at a place in pricetime that suggest it may be at a turning point: As you can see, there is a double top an energy point and a 3rd arc all happening at this point in time. Individually, each of these is cause for concern. Taken...

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ICO

ICO Analysis: Back to Earth (SRC)

Posted on April 25th, 2017.

Enthusiasts have long suspected that online games would be a booming application of blockchain technology. Players of Minecraft, for instance, have had the option of using Bitcoin to purchase store credit for years thanks to Bitpay. But this isn’t really what we mean when we say integrated blockchain technology in games – rather, we mean...

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Analysis

Daily Analysis: Markets Near Record Highs as Europe, Japan, and NASDAQ Lead the Way

Posted on April 25th, 2017.

Tuesday Market Recap Asset Current Value Daily Change S&P 500 2382 0.55% DAX 12450 0.21% WTI Crude Oil 49.06 -0.35% GOLD 1269.00 -0.23% Bitcoin 1268 2.15% EUR/USD 1.0896 0.28%   Stock markets are consolidating their post-election gains in a bullish style today, as most of the major benchmarks are slightly higher. The Japanese market...

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Bitcoin

Bitcoin Update April 25th

Posted on April 25th, 2017.

Bitcoin: Long-Term Buy (update)   Bitcoin, 4-Hour Chart Analysis Bitcoin has been edging higher towards the $1290 level so far this week and traded as high as $1275 today. Volatility is expected to rise in the vicinity of the prior all-time high, and long-term traders could consider taking some chips off the table and leaving a core...

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Market Overview

Cryptocurrencies = $30 Billion

Posted on April 25th, 2017.

The total value of all digital coins in circulation has reached yet another milestone today. As of this writing, the cryptocurrency market cap is $30.67 Billion. About $20.4 Billion of that is in Bitcoin and about $4.5 Billion in Ethereum. That leaves more than $5 Billion in alt coins. It seems they have a coin for everything these days....