Web Statistics The Sentiment Trader

Wednesday, 18 January 2017

bitcoin turmoil - bitcoin turmoil


bitcoin turmoil

"bitcoin turmoil" 

in the news bitcoin turmoil? What this all about..... See below. 

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Sentiment Trader here jh has seen some lots of bitcoin turmoil lately and may people predicting ridiculous targets for bitcoin in 2017. Lets pull in the reigns a bit here and study the chart. 

The future of the cryptocurrency industry is still clouded with doubt since Warren Buffett has been one of the biggest critics of the market. Bitcoin is, by far, the leading unit in the cryptocurrency market and based on Buffett's comments over time, it is fair to say the legendary investor does not value it at all, let alone imagine a bright future ahead.

I do not really like Warren Buffet the man, because of who he assosiates with, but lets face it, the guys is not poor, and his wealthy for a reason. So I do value what he has to say. 

In 2014, just after bitcoin hit an all-time high, Buffett warned investors to stay away from it, saying it was nothing more than a mirage. In response to a question regarding cryptocurrency by Dan Gilbert, the Quicken Loans founder, he said:

"It's a method of transmitting money. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view."

Quite interesting if you ask me. But you can take it for what its worth. 

True to his word, bitcoin lost more than 80% of its value within the following year (falling from more than $1,000 a coin in December 2013 to about $200 in January 2015). After a 12-month hiatus in 2015 however, bitcoin has since recovered to rally over the $1,000 level and now its sold off back to around $867

Here is the BITCOIN weekly chart. This is quite interesting. 


bitcoin turmoil


Obviously a break of 800 for bitcoin in 2017 would be bad and create more turmoil shorter term. But we will have to wait and see. The trend is your friend until the end, they say in stock trading, and so far for the last 6 months the trend has been up. 

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Tuesday, 17 January 2017

xlf chart analysis - xlf etf chart


xlf chart analysis - xlf etf chart

"xlf chart analysis - xlf etf chart" 

in the news xlf chart analysis - xlf etf chart? What this all about..... See below. 

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Sentiment Trader here  today saw U.S. equities fell on Tuesday, with financials lagging, as uncertainty around President-elect Donald Trump's policies grew.

Obviously its not about proposals anymore ... but what are they going to do, and we think investors are at a pause trying to figure out what's next. So we are watching this.....

The Dow Jones industrial average closed about 60 points lower after briefly falling 100 points, with Goldman Sachs and JPMorgan Chase contributing the most losses. The S&P 500 fell 0.3 percent, with financials dropping more than 2 percent. Here is the move below ...This is quite interesting. 




The [S&P 500] remains bound by a consolidation phase that reflects an indecisive market as we approach the inauguration,and the risk might be greater to the downside in the near term, and would be wary of a breach of the lower boundary of the range near 2250.

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Sunday, 15 January 2017

Marijuana Penny Stocks Expected to Soar - Marijuana Penny Stocks Expected to Soar


Marijuana Penny Stocks Expected to Soar

"Marijuana Penny Stocks Expected to Soar" 

in the news Marijuana Penny Stocks Expected to Soar? What this all about..... See below. 

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Sentiment Trader have something special for you today -  Marijuana Penny Stocks Expected to Soar

I do not have to ramble on, this is a few lines of text, because I will let the chart do all the talking. MJNA - why? because this is getting big, and the govt are finally caving in to seeing the huge possibilities of cannabis and its healing properties! This could SOAR!. This is quite interesting. 


Marijuana Penny Stocks Expected to Soar
Marijuana Penny Stocks Expected to Soar


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