BITCOIN recaptures 4000 on improved SENTIMENT. And, THE US STOCK INDICES to show strength on the EXCELLENT SENTIMENT numbers we reported recently right at the bottom. STATMAN comments!

2년 전

Good morning my friends from chilly tampa Bay, Florida...40 degrees this A.M.

With BTC now back above 4000 (4150) we are seeing the IG (LONDON) client sentiment readings at 73-27 (bull-bears). At 3700 we saw 69-31. WE get bullish when the speculator shows panic and fear. By the way, at over 15,000 in January we were seeing readings of 90-10! that's not a misprint. That's what you see at all parabolic tops regardless of the "commodity". That's when all your experts on this board with their three times a day posts were saying: "next stop 40,000."

I want to see the classic "Wall of Worry". Remember I did say at 4000 and little under recently "you can do some buying here" but use tight stops". I will not pick numbers and have not missed a major trading opportunity in BTC since posting here in January. The sell was major in January, the other calls that garnered the 1-2000 point moves (see the chart) were all labelled "FOR TRADERS ONLY". I am not calling a major bottom yet, I need better numbers. These same "PROS" who kept you in at 15,000, and 19,000 will keep you out at 3700. In 40 years and most of them as a professional, this is classic.

btc.png

There is lots of resistance right where we sit presently.

The US equity markets (see the chart of the SPX) is a buy and we wrote that more than once at the 2600 level of the SPX..and Dow 24,500 and under. Put call ratios are unusually bullish..see the chart below. So we'll have the usual strength. This was a buy with tight stops for a good trade. We are NOT bullish beyond this move that I do not believe reaches new SPX 2800. But, one never knows. I learned long ago to capture consistent winners and avoid being on the wrong side of a market.....ah..the beauty of understanding sentiment.
KWN-SentimenTrader-I-11272018.jpg

Have a great day..and do your own due diligence..

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After yesterday's crash anything is possible. Thanks!

Posted using Partiko Android

Thanks Statman! Analysis on point.

Posted using Partiko Android

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thanks again..

Interesting. Where does the last graph comes from?

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from KWN.com (sentimentrader). And I thank you for the support!

Nice analysis, this hedging on SPX is not sufficient to make you bullish right ?

Posted using Partiko iOS

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exactly..but certainly a strong move from just below 2650..but let's see how quickly the specs "buy it"...or do we have a wall of worry that may surprise to the upside....!and thanks..

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Seems like the FED is helping the Bulls ;).
If Trump and Xi can make any kind of deal, we are going for a 1 month bull market 😃

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Caution continues to spread around the market as there seems to be an expectation of volatile moves to economic indicators (i.e. new home sales fell hard this morning) going forward. I think many participants are going to the sidelines to see how it all plays out.

Posted using Partiko iOS

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agree...and all with the bullish market sentiment..will be interesting..