Hacked: Hacking Finance

Hacked: Hacking Finance


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Monster rally in Dash and Zcash

Posted on May 22nd, 2017.

As you may have guessed, I receive emails every day from traders of all different stripes and persuasions.  I answer when I can, but often just short replies as time is a valuable commodity.  But there is a recurrent question that comes up, and the question is usually raised by traders I can sense are inexperienced.  They ask me when...

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Daily Analysis: Ethereum and Bitcoin Skyrocket while Stocks Remain Stable

Posted on May 22nd, 2017.

Monday Market Recap Asset Current Value Daily Change S&P 500 2381 0.05% DAX 12588 -0.40% WTI Crude Oil 51.08 0.73% GOLD 1256.00 0.19% Bitcoin 2187 4.21% EUR/USD 1.1232 0.24% European stocks continue to underperform their global peers so far today, as the recent strength of the Euro weighs on local equities. Angela Merkel told the...

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Analysis

Analysis: Ripple, Dash, Stellar Lumens, Bytecoin & Gnosis

Posted on May 22nd, 2017.

Ripple Ripple gave a false break (highlighted) when it closed above the arc.  It was a buy signal which I tweeted, but then price fell back to the arc again.  It happens.  There is a 1×1 from the swing low which should support price at .32 (assuming the bull market is still intact).  Below there is a good place for a stop, IMHO....

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Weekly Altcoin & Bitcoin Analysis: Time to Short Bitcoin?

Posted on May 21st, 2017.

It was an exciting week for crypto traders. It seems like there are an ever-increasing number of traders joining the party doesn’t it?  Given that just a year ago there was just a handful of traders compared to now, and we still have not even scratched the surface of the number of traders out there still trading Forex exclusively, the...

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Analysis

Weekly Analysis: Bitcoin Takes on $2000 as Stocks Hit by Trump-Scandal

Posted on May 20th, 2017.

Weekly Recap Asset Current Value Weekly Change S&P 500 2380 -0.45% DAX 12638 -1.22% WTI Crude Oil 50.48 4.77% GOLD 1255.00 2.11% Bitcoin 1985 13.43% EUR/USD 1.1205 2.74%   Global stocks had their most volatile days since the US election in November, as the recent scandal of the new US president sparked a strong sell-off on Wednesday....

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Analysis

Analysis: Bitcoin Energy Point is Today (+ Litecoin, Ethereum, Augur, Monero, Zcash & Ripple)

Posted on May 20th, 2017.

Bitcoin Bitcoin has been rallying for what seems like forever, but there is a fairly significant set of resistances in the chart that will likely be reached today or tomorrow.  A long-term 5th arc (black) and shorter-term arcs (the green 2nd arc will likely yield, but the next two will likely have a lot of stopping power, especially the...

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Analysis

Daily Analysis: Stocks Bounce Back as Trump Plays War Card & Bitcoin With a New High

Posted on May 19th, 2017.

Friday Market Recap Asset Current Value Daily Change S&P 500 2379 0.67% DAX 12635 0.34% WTI Crude Oil 50.20 1.72% GOLD 1251.00 -0.69% Bitcoin 1950 6.71% EUR/USD 1.1187 0.43%   Stock markets jumped higher after an initial break yesterday, and they are trading near yesterday’s closing prices today. The renewed US attacks in Syria...

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Trading Analysis: Bitcoin, Litecoin, Dash, Ripple, Ethereum, Stellar Lumens & Zcash

Posted on May 19th, 2017.

Bitcoin Bitcoin continues it’s epic run toward $2100.  I note that there is an energy point on the daily chart tomorrow, and that a 5th arc is in plain sight at $2100.  Traders might want to take some profits there. DASH In our last update we identified the top of the square (highlighted) as likely support, and indeed it was.  Target of...

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Analysis

Daily Analysis: Markets Tank as Trump Fears Escalate

Posted on May 18th, 2017.

Thursday Market Recap Asset Current Value Daily Change S&P 500 2351 -0.35% DAX 12530 -1.23% WTI Crude Oil 48.80 -0.11% GOLD 1258.00 0.21% Bitcoin 1847 0.72% EUR/USD 1.1118 -0.16% Global stocks had their worst day since September on Wednesday, as the low-volatility levitation ended, with Donald Trump’s biggest scandal yet. One...

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Analysis

The Damage Done

Posted on May 18th, 2017.

The total damage from the WannaCry virus has been counted. See, the thing most people don’t know about Bitcoin is that it’s only pseudo-anonymous. The nature of the blockchain allows everyone to see all transactions clearly, that’s what makes it effective.

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Analysis

Analysis: Watch Litecoin again

Posted on May 18th, 2017.

Litecoin Litecoin has successfully closed above the arc that had been dragging it down.  I believe the low is in and a rally will ensue to at least $40. Stellar Lumens Stellar Lumens had had a huge advance, stopped not once but twice by the top of this setup. We are now below the 5th arc again, and just below (at?) the 2×1 angle...

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Daily Analysis: Stocks Turn Lower as Trump Gets in Real Trouble

Posted on May 17th, 2017.

Wednesday Market Recap Asset Current Value Daily Change S&P 500 2374 -0.98% DAX 12685 -0.93% WTI Crude Oil 48.88 -0.13% GOLD 1257.00 1.69% Bitcoin 1833 5.21% EUR/USD 1.1138 0.51%   US stocks are sharply lower today after a swift overnight decline that was triggered by the words of fired FBI director Comey regarding Donald Trump. This...

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Analysis

Time to Sell Ripple? Analysis: Litecoin, Stellar Lumens, Bitcoin, Ethereum, Dash & Zcash

Posted on May 17th, 2017.

Litecoin I will go out on a limb here and say it’s time to buy ltc. There is a little bit of room to the Fibonacci vortex support, but not much.  Firm support ~ $23.  Lets look at the Gann setup: Here the picture is the same.  There was a spike low exactly at the end of the square, but recovered quickly to above the 5th square.  I...

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Analysis

Daily Analysis: Ripple Explodes Again as EUR/USD Surges Past 1.10

Posted on May 16th, 2017.

Tuesday Market Recap Asset Current Value Daily Change S&P 500 2401 0.10% DAX 12825 0.15% WTI Crude Oil 48.95 0.18% GOLD 1234.00 0.30% Bitcoin 1744 -0.82% EUR/USD 1.1070 0.85%   The major stock markets continue to trade in a narrow range near their all-time highs after the slight overnight weakness. The performance of the global...

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Analysis

Hacking Continues but Bitcoin Looses Dominance

Posted on May 16th, 2017.

The hacking continues today with the WannaCry virus claiming more victims across the globe but another type of hack was reported yesterday, this time in Hollywood. It seems that a group of hackers have gotten a hold of the new Pirates of the Caribbean movie and are now holding it for ransom, to be paid in bitcoin.

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Daily Analysis: Oil Surges on OPEC-Deal Extension as Ripple Tests Highs

Posted on May 15th, 2017.

Monday Market Recap Asset Current Value Daily Change S&P 500 2397 -0.43% DAX 12760 -0.05% WTI Crude Oil 49.55 3.24% GOLD 1235.00 0.60% Bitcoin 1753 -2.05% EUR/USD 1.0979 0.43%   Stock markets shrugged off one of the biggest hacker attacks in history as a non-event, despite the broad coverage by the media, as the main global...

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Analysis

Don’t Click Anything Day

Posted on May 15th, 2017.

So this gives a whole new meaning to the term Cyber-Monday.

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5 Things to Watch Next Week: NASDAQ, Cryptocurrencies, China, Euro & Trump

Posted on May 14th, 2017.

Asset Current Value Weekly Change S&P 500 2398 0.88% DAX 12675 1.76% WTI Crude Oil 46.47 -5.75% GOLD 1228.00 -3.21% Bitcoin 1570 16.11% EUR/USD 1.0998 0.91%   Will the NASDAQ carry stocks higher again? The schizophrenic state of the US market continued to dominate trading this week, with the tech sector clearly emerging as a leader...

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Analysis

Analysis: Money is Still Pouring In – Bitcoin, Litecoin, Stellar Lumens, Augur, Dash and Ethereum

Posted on May 14th, 2017.

As you all must know by now, I am a trader at heart, not an investor.  It’s always been difficult for me to buy-and-hold, because I feel like I can see where corrections will take place, so why not sell if you know its coming? But these last few days I am having a slight change of heart.  There is so much money pouring into the...

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Analysis

The Story of the Week: The Schiller P/E Hits 30

Posted on May 13th, 2017.

Party Like It’s 1929 (or 1999)   Long-Term Chart Shiller P/E Ratio of US Stocks The Cyclically Adjusted P/E ratio (CAPE) is one of the most reliable valuation metrics out there.  It was designed by Robert Shiller, writer of the must-read book Irrational Exuberance, hence it is also called the Shiller P/E. The Shiller P/E It is widely...