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Member’s Video for Friday, October 13th, 2017
Financials reversed against wave 5 Fib and wave resistance post-earnings on lower trading revenues. Bonds are also looking to carve out a low likely adding additional pressure to financials. Bitcoin ripped through 5k testing 161% resistance.
Also, we are launching a MotiveWave beta program for a new offering. If you would like to help in the testing, please email me @ todd@tradinganalysis.com. Thanks!
Trades Issued Thursday: None
THE 30-YR STORM IS APPROACHING – ARE YOU PREPARED?
How To Ride The Wave to Safety and Then Prosperity
- A Simple Approach To Identify Elliott Wave Patterns And Reduce Subjectivity
- How To Identify When The Coming Storm Is About To Explode
- Show you how to trade with EQ – Emotional Intelligence and not like a caveman
Todd’s Trading Lifestyle Vlog #33 – For Trading, FORGET What You Learned In College
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Todd, the video for today seems wrong, mix up in the days?
thx
seb
Hey Todd – You’re the BTC guru so I have a Q about your analysis of Bitcoin and its relation to GBTC. I bought GBTC to get some exposure and I was lucky enough to buy it the day before the China announcement. So of course it crashed and GBTC fell right along with it. But as BTC has made its climb back up, GBTC has barely moved! What gives? Today BTC is actually higher than the pre-China announcement and GBTC has only marginally recovered (I’m still down over 25%). I’ve read about the GBTC premiums over BTC, but this seems a bit ridiculous! I’m afraid I may have made a bad investment and with your warning about a BTC pull back, it may never recover. Any ideas?
Rob, I normally don’t like chiming in on comments, but wanted to mention this commentary from Andrew Luck about a month ago on GBTC. It made me a little more cautious about trading GBTC.
http://www.citronresearch.com/citron-updates-gbtc-investors-need-know-2/
Todd, continuing on the BTC discussion, I’m trying to find a platform that provides a little more flexibility in trading choices (limit, stop loss, trailing stops, etc). I’m currently using Coinbase to do my trading and its okay, but the charting is limited and don’t see any flexibility in how to make trades. I like the Trading View platform that you suggested to see the charts/data. Looks like to trade on it you need to be connected to a broker (I guess like TOS). Any ideas?