Is It Time to Buy Bitcoin? Broke Over DownTrendLine

April 15, 2018CryptoSurferPodcastNo comments

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c505218304b50c59c3659f6dda43bae7-links-0–> as well as Bloomberg Pantera Capital articles mention the top hedge fund calling a bit bottom in the price of bitcoin.

“For those who are new to Pantera who might think a fund manager like Pantera would always be saying ‘Today’s a great day to get long,”’ wrote Pantera’s Dan Morehead and Joey Krug. “I rarely have such strong conviction on timing. A wall of institutional money will drive the markets much higher.”

Prices of all cryptocurrencies have crashed quite a significant amount – most well over 50 % and some over 80% (Cardano / ADA) – is now the time to buy?

Here’s my take:

CryptoSurfer

CryptoSurfer is a former hedge fund derivatives trader at a Wall Street Investment Bank (Prop Trading Desk) and has been trading the markets since 2002. He received a B.S. in Management Science from Stanford University with a focus on Finance and Decision engineering. He was actually in the audience during Steve Jobs' now famous graduation speech. This trading education blog is partly a result of the inspiration from that speech. Here at LifeStyleTrading101, Mr. CryptoSurfer serves as Head Trader sharing not only his market views and trades publicly, but also his passion and vision to educate everyday people with real-life practical skills in how to make a little extra money in the global financial markets. You've seen his expert wave analysis of the markets above. Now you can subscribe to his Trade Of the Week premium service to learn exactly how he is trading today's market, week after week.

Previous post 4/14 CryptoRecovery + Nasdaq Trade Recap Ascending Wedge

Trades

Date	Security	P&L
won't be updating here anymore - plz see brokerage statements \| 2017 \| 2018 ytd
8/17	SPY	$500
8/14		-$500
8/10	SPY/VXX	$$1,200
7/26	brokerage statement	checkpoint
7/14	SPY	$750
7/12	SPY	$1,700
7/7	USLV	-$500
6/24	SPY	flat
6/9	SPY	-$600
6/3	IWM	$1,200
5/20	IWM/SPY	flat
4/24	SPY option	$1,000
4/24	VXX	$600
4/15	spy/iwm	flat

3/31	SPY Iron Condor	$800
3/17	VXX	$1050
3/15	IWM	-$1400
3/1	USLV	$500
2/24	TNA/VXX/IWM	-$400
2/10	SPY Calls	$300
2/10	IWM/VXX	$850
2/3	IWM options	$1,200
1/25	SPY calls	$550
1/19	QQQ options	$150
1/19	IWM options	-$800
1/19	SPY options	-$900
1/18	USLV/GDX	$250
1/13	SPY Call	$250
1/5	SPY Call	$300
1/4	SPY options	-$900
1/4	GDX Calls	$600
12/29	GDX calls	$450
12/23	SPY options	$650
12/16	QQQ Options	$1,200
12/16	USLV	-$350
12/7	SPY options	$300
12/5	QQQ	-$240
12/1	SPY options	$250
11/24	SPY options	$980
10/31	SPY/GDX	-$2,000
9/9	SPY options	-$800
9/2	SPY options	-$1,450
8/26	SPY options	-$1,060
8/19	SPY iron condor	$435
8/12	SPY options	$550
8/5	SPY options	$1200
8/2	SPY options	-$1,000
7/30	IWM Call	$900
7/24	Russell TF	$1,400
7/22	Russell TF	$700
7/14	SPY options	$1000
7/6	ES	$1,550
7/5	SPY Iron Condor	$1,175
7/4	Silver	$5000+
6/30	ES	$1,100
6/29	ES	$1,650
6/28	ES	$1,000
6/24	SPY	$900
6/17	SPY	-$650
6/10	GDXJ	$450
6/10	Silver	$1,260
6/7	ES	$1,500
5/26	GC	$1,300
5/25	NQ	$1,200
5/25	SPY	-$1,200
5/24	SPY	-$700
5/16	NQ	$1,500
5/10	NQ	$1,080
5/10	NQ	$1,350
4/29	ES	-$500
4/18	SPY	-$500
4/18	SPY	$970
4/8	SPY	$720
4/7	ES	$1,100
3/30	ES	$1,600
3/24	ES	-$500
3/22	SPY	$800
3/16	SPY	$50
3/10	SPY	-$1,200
3/4	SPY	$1,500
3/4	SPY	$1,400
2/26	SPY	$1,500
2/23	SPY	$1,000
2/19	SPY	$900
2/12	SPY options	$900
2/12	SPY	-$400
2/7	Gold	-$2,400
2/5	SPY	$1,400
2/3	SPY puts	$2,100
2/2	SPY	$1,200
1/29	SPY	$2,700
1/22	SPY	$1,200
1/15	SPY	$50
1/8	SPY	-$700
1/7	TF short	$6,500
1/7	SPY Puts	$8,000
1/4	SPY	$800
1/4	TF short	$8,750
12/31	SPY	$1,000
12/30	SPY	$1,000
12/24	SPY	-$3,200
12/18	SPY	$1,000
12/16	SPY	$1,68
12/16	SPY	-$40
12/11	SPY	$2,500
12/4	SPY	$2,600
11/27	SPY	$1,211
11/17	ES Futures	$223

See Trade History

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Is It Time to Buy Bitcoin? Broke Over DownTrendLine

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Is It Time to Buy Bitcoin? Broke Over DownTrendLine

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