Financial giant Goldman Sachs predicted that Bitcoin would reach $ 4,000 after overcoming a new sharp drop in prices. The Bank reports that in the first half of 2017, the price of bitcoin remained to […]
Well the rally of the past week went just far enough to stop me out of my short position at breakeven before turning down again. The pattern now forming shows a failed breakout to the […]
Well…so far my position is playing out nicely. We have been able to execute the planned trades detailed here and entered our short position at an average of 2575. The short term objective at 2350 […]
Last Friday, June 23, Bitcoin and 19 of the 20 leading cryptocurrencies showed an increase in their values. In the case of Bitcoin, the increase was barely 1.64%; however, this placed it above the barrier […]
The $3000 Price Mark… On Sunday, June 12, 2017, the Bitcoin price reached $3,012.05, as reported by CoinDesk. It is a new record that showcases the rapid growth that Bitcoin has seen lately. Asian markets, […]
As I write this article bitcoin is trading at 2665 basis First Global Credit and from the chart I’m seeing warning signs that we may be heading for a significant decline ahead. We’ve all benefitted […]
OK, time to throw in the towel on my short position. The market has held up during the recent collapse in risk assets (I don’t believe the argument that money will flow into Bitcoin as […]
So I’m now fully committed on both the US market (short 100 SPY) and Bitcoin (short 19 against my base long position). The BTC position is slightly in my favour, trading 366 as I write […]
OK, last night I entered the final leg of my position, selling another 6 bitcoins at 372. I now have a full position of -19 BTC (against my 10 BTC collateral so, in reality, -9BTC) […]
Today we have added to our short position in BTC, sold another 6 at 382.80…the market broke down from its consolidation pattern last night, falling from 395 down to 375 before recovering to a little […]
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