Cryptothamoon Pt Deux

As it stands, I have managed to net 20% capital gain over the past two weeks. I am certain that this kind of gain is not sustainable. HOWEVER, it is imperative that I take as much advantage as possible from this apparent crypto bull run.

I'm gung ho with crypto at the moment and is aiming a modest 100% gain before month-end. Yes, it is very risky and borderline gambling, but I believe that I know what I am doing and positioning myself to capture the rally without overcommitting. Okay, maybe a little bit over the top... just a little bit.

A Cryptothamoon (get it??..... no? okay.jpg)

So these past month has seen the mother of all crypto embarking on a jog towards 10k. Of course, seeing the mother runs, the children won't be able to keep quiet. Dash wasted no time to dash forward, followed by Cardano, BTCash, ETClassics, Litecoin and Iota. Initially, I was riding on XRP and XLM which seems oblivious to the surrounding, and hence I made a quick decision to jump ship and get on to IOTA rather early-ish. Not at the recent bottom, but at a level which I am comfortable with. Managed to snare a 10% gain, but I haven't close my positions. We'll see how this current sprint pans out first of course.

Natural Gas, Naturally Trending

 Daily Chart for Natural Gas 29/01/2020

Weekly Chart for Natural Gas 29/01/2020

The way I see it, this is a classic case of trading within the channel. Mind you, people draw their own channels. To each his own, I would say. But for me, I like it when my channels cut through a breakout and breakdown and hits as many highs or lows. When it encapsulates many, it will mean that the trendlines are valid. As above, it is perfectly clear that NatGas is doing its downward tango. There is this saying that do not try to halt a charging wild boar, or do not attempt to catch a falling knife. However true, this kind of trend is also beneficial in order to earn both ways. Short at the upper, long at the bottom with a decent amount of SL to begin with, to prevent wipeout. For now, any long entry below 1.9 with an SL of around 1.8ish looks prudent. Stay away from margin, perhaps at most x2, but that's about it.

Edit 31/01/2020: At the time of writing, NatGas has dropped to 1.822. Oh my, this is not looking good, the momentum is strong in this one. Speaking of commodity, even black gold is nearing strong horizontal support at 50. So how now? 

Disclaimer: This is not a call to buy/sell. It is simply the way I write to discuss and justify my decision. Everything in this blog is a work of fiction based on true events on this earth.

3 Rules

The world, no this world is a messed up place to live in. Of all place, of all time, it has to be Earth 2020. Everyone knows how bad things are here. Sure enough, I woke up in the middle of the clusterfuck of Coronavirus outbreak. While it seems bad now, I'm quite certain it will be even worse later on. What makes things even more unbearable is how the citizens of the world are actually making fun of the whole thing, rather than holding hands and try to find the solution. China, as the ground zero, is all up in arms trying to fight the threat, but there's not much ongoing with other nations who are playing the wait-and-see game. I got this sneaky feeling that the majority of Earth 2020 is silently rejoicing the fact that such an outbreak is happening in China right now.

Gah, so much to take in so little time. The last few days have been hectic, as I have been trying to keep up with what's happening to this world. Rule no #2 for the awakened, always update your knowledge. Whatever you learn from your previous rodeo would be useless if you don't know what the hell is happening around you. Some would like to keep it simple and only research the ongoings around themselves. For me, I rather put the extra effort to understand the bigger picture, why go local when you can go global right? From my reading, this messed up planet is occupied with several things, Coronavirus notwithstanding. The next 3 flavours of the moments are ISIS, Brexit and a turnip called Trump.

So where do I come in then? That's where rule no #1 kicks in. Survival, whatever it takes. To ensure rule no#1 is being enforced, rule no #3 is needed, and somewhat related to rule no #2. Know yourself. Yeah, it is important to figure out what I am good at, and decide whether or not I can make use of what I know in the past. For me, it has always been Technical Analysis and it seems Earth 2020 is good to me in this matter. Stocks commodities and foreign exchanges are the norm back in the olden days, but there seems to be a nugget of gold in the form of crypto here. A novelty indeed, which I intend to abuse to the best of my ability. 

Reborn with not much resource, I know I must make full use of the money that I have.

Opened an account with a broker, which I'm quite sure is a bucketshop, but I don't care. With so little money I have with me, and the possibility to trade almost anything under the sun from the comfort of my home, it is the best option that I have currently.

$100 all in. 

See you on the other side, where the madness of candles and charts mesh with one another.