Coinspeak Technical and Fundamental Market Analysis

Bitcoin has breached $690. Needham is out with a research paper with lots of pretty charts setting a target of $848. Here’s a one month chart of Bitcoin vs Gold. But the real news of the day is the launch of a new Cryptocurrency called Zcash. Zcash has nailed the hype machine. They are releasing the first 100 coins today. Zcash …

Elections are like Baseball. It only gets interesting when the playoffs start. Here’s why Trump will win: 1) Russia. What the fuck are we doing? The voters are tired of the US being the world’s policeman. Trump may be a nut but he’s a nut focused inwardly on our problems vs ginning up some drama with Putin. Focusing inward is the best domestic …

Bitcoin is up 3% on a day the Sterling and other currencies scramble to avoid the gravitational pull of the blackhole of their central bank policies and deals made with the devil (extra EU). The Dollar is the least worst place to be in fiat so it rises in comparison. How much longer will that last? Tomorrow the SEC either …

The Gartley Pattern: 70% of the time it works every time. Buy at ~60 with tight stop maybe at 58. Sell at 64 to complete C. Buy at ~$58 with stops at $53.5 and hold for next leg up.

There are certain stocks from which we learn hard lessons. If you trade then you have at least one rags to riches to rags story. Or a tragic margin call that takes a winning portfolio and kicks it down an open manhole. But as they say, time heals all wounds. And you find yourself lured back to a certain hypnotic ticker, …

For those of you interested in a primer on Bitcoin here are two great resources. I’ll answer any questions the best I can. First, here is a speech (video and text transcription) by Andreas Antonopolous on Bitcoin. He wrote Mastering Bitcoin and The Internet of Money. Andreas hits on several comparisons for Bitcoin including: the earliest writings were spreadsheets (a primitive blockchain), …

Bloomberg reports Bill Gross has the following to say about Bitcoin: New financial technologies such as bitcoin may become increasingly attractive to investors as a protection against central bank low- and negative-interest-rate policies that threaten capitalism, according to billionaire bond manager Bill Gross. “Bitcoin and privately agreed upon blockchain technologies amongst a small set of global banks are just a few …

The SEC deadline to approve the Winklevoss Bitcoin ETF is October 12. This has been in process for almost three years. Why a Bitcoin ETF? This would open Bitcoin to Institutional investors and Joe Stocktrader. Tell your Uncle about Bitcoin at Thanksgiving and he could buy it Monday in his 401k. “If a Bitcoin ETF brings additional capital to bitcoin, it …

I was not worried about the European banking system until a European finance minister said to not worry. https://t.co/l2MjuUnS3r — Nassim Nicholas Taleb (@nntaleb) September 29, 2016 When the Titanic hit the iceberg the Captain told everyone to remain calm while the wealthiest passengers were loaded onto lifeboats. If (when) DB fails what happens next? Bail out? Nationalization? Bankruptcy?

$FIT is off almost 10% on news that Aetna is reimbursing policy holders for purchasing Apple Watches due to studies showing owning an Apple Watch improves health. “Beginning this fall, Aetna will make Apple Watch available to select large employers and individual customers during open enrollment season, and Aetna will be the first major health care company to subsidize a significant …