SPYing A Trend

The SP500, aka the SPY, has been on a tear since the low of $2,200 on March 23rd. To the disbelief of many, the market has been on a V shaped recovery so far. As I am a primarily a trend trader and use the Ichimoku Cloud as my primary technical trend indicator I noticed today that the SPY had …

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Tesla Bulls Euphoric

Tesla stock is resembling SpaceX as it rockets into space day after day. Up 10% on Friday followed by 13% today. But I have some sobering news. The return to Earth is near. Betting against Tesla has been a bad idea for years, but I have reasons to write this now. There are predictable cycles in markets. Tesla exuberance has …

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Market Signals

Brief but important update. My most reliable tool for buy/sell signals on BSV is approaching a BUY signal. The Mayer Multiple tracks the daily closing price vs the 200 daily moving average. Historically when the MM indicator is below .7 BSV has been at a market bottom. I’ve written about the Mayer Multiple in these previous posts: Mayer MultipleMarket UpdateBitcoin …

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The Trend is your Friend

Jesse Livermore, the legendary early 20th century stock trader, is the single greatest influence on my trading mindset. If you have not read “Reminiscences of a Stock Operator” and/or “The Boy Plunger” I recommend you buy and read them immediately. These books about Jesse Livermore’s life are entertaining and highly educational for everyone, trader or not. One of the best …

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Bitcoin is an IQ Test

There is a lot to unpack in this post. Let’s begin with addressing a few world events and a brief discussion of money. There are volumes of books about monetary theory. For this conversation I am going to sum money up as “the product of any one person’s work”. You may store that work product (accumulate money) or use that …

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BTC transaction fees hit $1,000

On May 14th several BTC users paid transactions fees over $1,000. Let’s dig in on how this is happening. Here’s a random screenshot taken at 1215PM EST on 05/15/2020 from this website: https://blockchair.com/bitcoin/transactions click for big Notice the columns in red. Inputs and fees are correlated. BTC users are paying ~$2 per input used in a BTC transactoin. BTC is …

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The Information Renaissance

Mankind is shifting into a new era I am calling The Information Renaissance. The Renaissance was the period in Europe between the 14th and 17th centuries when there was a surge of interest in and production of art and literature. … In Old French renaissance means “rebirth.” vocabulary.com You can see the need for a rebirth of information all around us. Misinformatoin has been …

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Market Update

What a week BSV has had and it’s only Wednesday! Briefly, much of what I’ve been sharing on Twitter is playing out… but at a much faster pace than I expected. Just a couple highlights of what I’ve posted recently. First, BSVBTC ratio: Posted original chart Jan 6 saying BTC holders could make 40% by converting to BSV.A couple days …

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A New Internet Is Coming

“Nothing in life is free.” Consider that this aphorism applies to using the Internet. If you aren’t paying for the content you consume then you are the content. I recommend watching “The Great Hack” on Netflix to get an eye opening explanation of the problem of your data being the price you pay to view websites. Your data is more …

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BSV Technicals Update

Prior to sharing charts keep in mind the markets are incredibly irrational regarding Bitcoin SV and as the famous saying goes: “The markets can remain irrational longer than you can remain solvent.” I expect a bloodbath in “Crypto” as the market adjusts prices based on fundamentals. BSV may not escape this bloodbath but if it happens BSV should be the …

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