goldbug1

Bitcoin continues to show strength here as many sit on the sidelines waiting for a pullback or the perfect setup. So why we patiently watch our trade play out, many others are still naysayer and when they jump in, well that's our time to exit stage right!Not a lot to update as Bitcoin attempts to take out the 100k level. The question remains, how much more gas is in the tank before we get the next corrective cycle? History shows that wave 5's are generally a very strong impulse move at the later stages of a rally. Going back to 2020-21 that final move was a 125%+- move from wave 4. The prior wave 5 minor in this current cycle's wave 3 was a 90% move. So absolutely there is some room to run here and though my initial target is 130k I would not discount a move to potentially 150-170. From the naysayers you will here "It's too high can't buy the highs" which is about the stupidest thing to say. Of course there are the moon boys who will be calling for 250k but not getting tooo much hype yet.As for the naysayers, often they will talk technicals and a lot of BS, but then not want to buy into a high. Why is that? I have no idea. Was NVDA too high at 100 after a 10 bagger? Was TSLA too high at 250? I don't get it? In order for an equity to make a new high, it has to take out the old one. IF an equity is continuing to make high after high, well why wouldn't you buy that? I am not so sure this next corrective wave is going to be the typical 70-80% pullback, but can't discount it because history repeats.However I am not sitting on the sidelines waiting. We are in and letting our trade play out.If you are not in this move because of a trader's advice, well you may want to find a new trader to follow. This was a no brainer, even Jim Cramer was bull at 100k. Why? Because it simple, equities making new highs tend to make new highs. Don't be afraid to buy into a high if your equity is strong, after all Scared Money Don't Make Money!!Not going to fill your head with a lot of BS technical jargon, Bitcoin is bull, the chart is Bull, you should be Bull! Your stop keeps your losses at bay, not staying out of the market. Sure you don't lose money watching Bitcoin rally, but you ain't making it either!

So someone asked about DOGE and ironically it is the only other coin I own right now other than Bitcoin. I like DOGE for one reason, and one reason only. Elon Musk has supported DOGE so I give it a slim possibility of making it to the next level.As for other alts, NOPE!!! Eventually zero is the answer, at least for most.Technically DOGE has broken out of resistance and is consolidating nicely. I posted a long at 16-17 cents and that is doing nicely here and with the current consolidation there is no reason not to stay long.Major support is found at 20 but as long as we remain above 35. Let us take a look at the larger picture.If I have said it once, I have said it a thousand times, history repeats which is why we see the same patterns over and over in the markets. Of course I have also said "history repeats until it doesn't" also but let's not focus on that.Had a long broad consolidation between rallies and it appears we are getting the same sort of setup. I believe once we take out the high we make a strong move higher and we are getting closer than most think. You want to be positioned before the move here and this is the reason I will probably be adding to that position in the near term. This is a coin I still think has potential for a 10 bagger. I do not think $4.00 is out of range for DOGE which is why I am buying more.IMHO I believe this is going to be the last hurray for alt coins and there will be few survivors. Bitcoin and likely a couple others but this will play out in the charts. There is absolutely no reason to own 100 alt coins, none!!! If so give me a reason?Target with DOGE $4.00 and I don't need another home ;)

Bitcoin trade triggered and there is going to be a lot of hype surrounding what seems to be the Holy Grail level of 100k. I posted this trade in the group as I mentioned a couple days ago. I have been for months mentioning that I was positioning myself for a run to 130k. Nothing has changed. In the 50's I said add some here, at 70k add some here, at 95k add some again, while others are giving play by play of what Bitcoin is doing and giving the great insight that it "may go up, or may go down".Now does Bitcoin hit 130k in this run? I don't know and neither does anyone else, but I am positioned for it. If I am wrong there is a stop in place to minimize losses so it is not like I bet the farm on 130k, but I am also not scared to take a chance here.I do want to be clear that the big money has been made already, do not expect the 10-20 bagger moves from here, but a 30% move is a 30% and for a trade that is a nice RR. Regardless I believe we trade 130k sooner than later and once we break 110k, the race will be on. As far as your long term investments, I am holding here, there is no reason to sell yet. Lets take a look at the broader picture and why I think there is still a lot of room to run with BitcoinLooking at a broad chart of Bitcoin there is a pattern of Bitcoin rallying for months after it breaks out of the previous high. Does history repeat again? I don't know, but I can tell you history seems to repeat itself.In addition you can see a pretty consistent trend line and then you get that blow off rally lasting for a few 6 months. No reason to not think that won't happen again. Sure maybe I am wrong, but you can't make money if you don't take risks, and there is no reason NOT to be long here, NONE!!!The same people being cautious at the breakout, are the same ones that were cautious at every breakout. Yeah follow them and you will miss the move to 250k. Best thing of all? I am free! I trade and post because of the passion I have, I don't need your $30 a month.

Here we are once again pushing the 100k level as Bitcoin attempts to break resistance. As I mentioned last week I am bullish for 130k and am positioning for this move. From a technical standpoint on the weekly, we have a nice inside pinbar which is generally a continuation sign. For a trade to be active would need to take out the high of the candle. Will be posting the trade shortly in our group.If you read my last post I mentioned you could buy some here and if it pulls back to 90k buy some more. Maybe a couple of you caught that dip, but you would have had the balls to just step in. On the daily there was never a setup to go long on the dip, so you would have had to look at smaller time frame charts which simply are not as reliable as the daily or weekly.This is why I stick with the weekly for the most part. Too small a time frame equals too much noise, and noise is not good. However if you have a week of price information, you are clearing out a lot of the noise.Now we are getting some consolidation after the dip, and I would not be surprised to see another dip as a retest of 90k, but don't count on it. This market is bullish and you want to stick with the bull side of trading here.As for alt coins, few are interesting here, I am going to take a look at some for trade ideas, but I am really only interested in Bitcoin. They had their chance to knock off the king, you get one chance, and other than DOGE I am not really interested.Now stocks, I think the honeymoon is wearing off and I will post some updates in the group. Good luck and Hope everyone had a great Thanksgiving!!!

With Bitcoin now pushing 100k I am getting asked by the late comers, the ones that missed the buy at 55k, missed the trade at 70k, and are now looking at Bitcoin hitting 100k, is it TOOOOO LATE TO BUY HERE?The comment that will have you missing out on many trades is "It's too high to buy"!! The short answer is no, its not too late to buy Bitcoin here, but I want to be clear about what you can expect in returns.The BIG MONEY has already been made. Yes the days of buying Bitcoin at $100, $1000, $10,000 and looking for that 10-20x return are gone. Could Bitcoin hit $1,000,000 a coin? Sure but that could be 10-15-20 years from now.A realistic return would be as I have labeled on my chart 130k. This implies about a 30% move from here. That is still a decent return but it is not the type of returns many are use to in Crypto.Of course you have the perpetual pessimist. That person who seems to talk a lot of shit, but seems to always be missing trades. Always looking for that perfect setup but seldom ever happens.Me I am straight forward bull bull bull here and this is why. In order for an equity to make a new high, it has to...... well make a new high... If a stock or equity is consistently making new highs then probabilities point to it will likely make a new high again. Simple Darvas or Minervini method. Sure we are pushing that 100k psychological resistance point and your "feelings" may be saying that "ohh a pullback is inevitable". Well F#$% your feelings, pullbacks are NOT inevitable. IMO it is more likely we blow through 100k and push to 110k pretty quickly. Now I could be wrong, but momentum is on my side, and don't fight momentum! Let's look at the daily chart.Currently we have a pretty tight consolidation going on which is generally a continuation of the prevailing trend. There is nothing bearish about this pattern. Of course it needs to break the 100k resistance level to confirm, but it is NOT falling apart here or even rejecting this level.This can change of course, but why fight the trend? Why fight momentum? This is an equity you want to be long in, it is making new highs and it is not overly bullish yet. Sure Cramer just gave it the thumbs up and many seem to talk s@#$ about him, but I couldn't agree more! Also I like Cramer he is more than not point on. So go F#$% yourself before you start bashing Cramer. He ain't scared to put a trade out there unlike many that just spiel BS every week and never really take a trade.Ok so back to the question, To Buy OR Not To Buy? I have a friend who wants to get married and have kids. He has dated some hot and pretty cool women in his life. However, something was always "Not perfect" with each one of them. So he would break up with them looking for the "perfect wife". He is still single.Well this is the parallel to the market here. Keep waiting for the perfect setup and you will be waiting on the sidelines for the rest of your life. SOOO..........I think you can buy some here as long as it is a small like 1/3 position. Sure Bitcoin can pullback to 90k but so if it does you have some coin to buy another position. What if it breaks higher? Well if it closes above 100k and then takes out the high, buy another small position. Again do not expect to get rich off these trades, we are now entering the 20-30% return area over the next few months. Bitcoin is not going to make a run like 2017 where it went from $500 to 20k, or 2022 where it went from 15k to 60k, those days are over. Those calling for it to hit 500k in the next year are dullards. Sure there will be an alt coin here and there that you can look for a 5-10-20 bagger, but Bitcoin is now going to be a slow steady trade. This puts it on parity with stocks. Anyways follow the money, and order flow is bull bull bull right now. Sure that can change, but do you sit on the sidelines because it might? Dullard POV IMO.

Our trade tapped out hitting T2 and as I mentioned in the group, I'm going to let my position ride. Now to be fair and honest, I sent out a message around 94k +- when Bitcoin was jerking around just under 95k, that if you intended on closing it out at 95k, take your profit here. Been burned a few times trying to milk every ounce out of a trade so that close, take risk off the table. However I let me last position run. Yes I posted that to so it is not hindsight trading BS. Point here is, as I mentioned this morning, once we break 100k I am in the firm position that we trade 110 then 120 pretty quickly. WOOOOOOOO HOOOOOOOOO!!!!After years of waiting Bitcoin is finally looking to trade the Holy Grail of 100k. All the Fake Gurus are going to be coming out of the wood work screaming how they called it!!!! Yes we finally get there and they were the Nostradamus's of trading. Yeah ok, whatever. Anyone that has been following me for the last, I don't know, 6 years, knows we positioned for this moment.As I said, can't be a bear over 86k, so while many Furus that talk more shit than the trades they make, have been waiting from like....... forever, we added in the 50's and traded in the 70's. Too many Furus are scared to take trades, ohhh the market is too high (as it continues to rally), ohhhh the market is too low (as it continues to go lower) and they sit on the sidelines. Well great keep paying them for that bull shit commentary!Now yes we will get a pullback but I think we still have some room to run and I would be looking for shorter term consolidations for longs. Since June I have had my final target around 130k plus or minus 20k of course ;). So still looking for trades and I will likely spread out into some other coins that are looking a little bullish as well. We know how this goes, Bitcoin rallies gets all the news and attention, the herd of wannabe overnight millionaires start jumping into every alt coin they can grab on robinhood, so the alts are next.Have a good weekend my friends, I am going to be shopping for another home up on the water. Bitcoin on rally and houses in Florida on the water are on sale!!! SCARED MONEY DON'T MAKE MONEY!!!

Not much to point out here, everything from last week still in play. Our trade from 70k is getting close to T2 and there is not much to do here but let it play out.Starting to get the moon-boy shouts now, they have suddenly risen from the dead and they are followed up by the overly cautious traders who talk a lot of S#$% but don't make money and seldom have good trades.For me it is simple, I can not be bearish over 86k here. Hard to be bearish when we have a solid 5-6 days of consolidation at this level. This is generally a continuation sign not a reversal signal. Now can it reverse? Sure but unless we start taking out support, at 86k, it is hard to be bearish.Daily Chart:Daily candles show a decent consolidation here where buyers are buying any dips, but there are still some sellers around the 90k area. Generally when you get to a key level like 90k or 100k, if the market is overpriced it runs out of buyers quickly and sellers head for the exit. Not seeing that here so as long as we hold 86k I am bullish. Not going to care about patterns that show up here, trend, momentum, atmosphere, is all bullish but not overly bullish enough for me to be worried about over bought conditions here.So for now simply letting our trade play out, and looking for any pullback and setup for new longs.

Couple weeks ago gave the buy for DOGE about the same time that Bitcoin was trying to break out. The breakout has happened but right into resistance, so what to do now?There were a couple long setups that formed prior to taking this trade via inside bullish pinbars on the weekly chart. I always start with the weekly because you can get a good idea of order flow from it.With Bitcoin and others looking bullish I went ahead and told our group I was buying some DOGE. Not a huge amount, but an amount that would matter if it was a winner winner chicken dinner.The key in position sizing is that you want a position that is large enough it makes a difference when it wins, but no so big you get crushed when it doesn't. Always measure your risk.So I threw $1500 at DOGE which was enough that if DOGE was a 4-5 bagger, I made a nice little meaningful profit, however if it went to 8 cents, $750 was not going to kill me.I bet as if I want to go out for a nice steak dinner at Bern's or Charlies, but not so big I can't buy McDonalds if I LOSE. I don't want to be for McDonalds to begin with.Even though DOGE is hitting resistance, I am more interested in buying more, not getting out. Sure you can trim out a little and take a profit here. Nobody lost money selling at a profit to early. BUT I believe this is just the start of a broader move so I am looking at adding to positions not get out.There are a few more coins I am looking at but we need to be patient. Anyways will post in my group if an when I take additional trades.SIZE MATTERS!

Been around 2 weeks since I sent out that Bitcoin trade in addition to adding some DOGE to my portfolio. So as we linger just below T1, many may wonder "where can I get in and is it ok for me here?"The answer is not so simple. If you missed the opportunities to buy at lower prices for the long term and are like "crap I missed it again", buy a small starter position and then look to add around it. Overall my Target in the longer term is around 130k and we are a long ways for Kansas as it pertains to that.However if you own Bitcoin, I am not really too interested in buying here. This target is a target for a reason. Now sure we could blow right by 81k and hit 90k this next week, but I am more in the we are going to see some profit taking sooner than later.Markets are made up of all kinds of traders, from long term buy and hold to scalpers and day traders. Each has its own technique and boundaries as to when and where they take profits. There was a lot of buying under 60k and if you are up 30% in a trade, it is reasonable to start taking profits. Also there are break-out traders (like our trade) which triggered around 70k. This is more of a swing type trade so with targets of 10-20pts it is reasonable for them to start taking profits as well. Note our 1st target is at 81k.So if you are looking for a trade you need to be patient. Do not FOMO here. Everything is probabilities and I am of the opinion it is more probable that we get a consolidation or even slight pullback in this area. Do NOT force a trade here. If it goes straight to 90k you didn't lose anything and IMO the risk is too high just to jump in at a resistance level.What makes this resistance? Using Fibonacci we can provide some measurements which are often used to gauge where profit taking may take place. The theory behind it is the herd does the same thing over and over again so these levels have some relevance.When we get overlapping levels, it provides a little more weight to the area. The 61.8 extension of wave 3 and also the 1.25 retracement of wave 4 overlap around the 81-85k area. So I want to lock in something there. If it continues higher, well I still have a half position, or if we get a pullback and another setup I can add a trade.In short patience, not trading, makes you money! Going back to 2016 when I first started posting, I pushed patience. Many FURUS were into the "I want a trade now" or if I said "Long term target 20k"they would laugh at me a week later and tell me how stupid I was. Most of those dotes are gone, but here I am, and patience paid off over the last 8 years. It will continue to payoff in the future as well!

Often traders try to rationalize market moves, over think variables, and do NOT listen to money flow. Two weeks ago I posted a trade for Bitcoin, sure it was at a high, but the money was flowing into Bitcoin for whatever reason. We did NOT try to rationalize this, we did NOT know why it was wanting to break out, however, we put our feelings and thoughts aside and took the trade.Another thing we noticed, as I posted on Twitter, that bond yields were rallying? Fed cut 50bps on Sept 18th but this was already priced in obviously because it was right at the low of yields. However suddenly it slowly started to rally and then gained steam? Why was this? What did the market know?Look at the IWM which is mostly US small cap companies.Surely there were some moves that correlated with political events, but looking back it appears the money was positioning for a Trump Presidency. Like him or hate him, money was on Trump.Now that is hindsight and of course hindsight is 20/20 so why the lecture? My point is often we try to rationalize current moves, and if you are thinking, ohhh I'm going to go Long T-Bills because the FED is lowering rates, you are probably already late to the game. Big money is way ahead of all of us!!! So though many were like "you are buying a high, why take a trade at a double top?" and scared to take a trade here, we looked at the money flow. We had no idea the money was positioning for a Trump win, but after the fact it is obvious. With that said, follow the money not your instincts, not the news and definitely not your feelings. You will be wrong more often than not. Anyways BULLLLLLLLL on crytpos and looking for pullbacks or setups to go long or add to my current positions!!!!!