The Mesmerizing Bitcoin / Blockchain Trades

I have decided to release the Premium Dec 28th Premium Report &a bonus Bitcoin report at the end,to the public. Enjoy!

This is the regular market report, with an extended section on Bitcoin / Cryptocurrency at the end. The Bitcoin section will be released to the public later today too. For now, let”s review some of the areas of interest in Wednesdays markets.

SPX –No change in expectations from yesterday.

(Click on image to enlarge)

You want to keep this in mind though…

That SPX is due for a dcl and a drop below the 10sma will be a warning shot. In my mind, I actually think that we could sell offfor a bit in Jan of 2018, when people can sell their gains made during the the 2017 year, and not have to pay taxes on them until 2019.Please keep that possibility in mind.

WTIC –The inventory report came out and Oil did stall at that $60 area. It still looks bullish, but the COT has me cautious. I am not long or short this sector currently.

(Click on image to enlarge)

USD –The dollar is coming due for a dcl, and when it bounces out of one,Gold would usually drop into a dcl. Maybe this H&S plays out first, pushing Gold a bit higher? The problem is that Gold is only on day 10 of its daily cycle and that’s just too early for a ‘peak’ rising out of an ICL. First daily cycles out of an ICL are usually around a month long, so Gold may just stall or go sideways if the USD bounces. Let's look at Gold…

(Click on image to enlarge)

GOLD – If the USD bounces out of a dcl,I think that Gold will resist any major lookingselling.It may pause or go sideways.I will give ideas when we look at GDX / GDXJ. Please read the chart.

(Click on image to enlarge)

GDX #1 – So far we caught this entire move out of the lows.THIS IS JUST A GUESS, AN ESTIMATE, 3 IDEAs OF HOW THIS CAN PLAY OUT. Since Day 10 is too early to peak out of an ICL, I’d picture a dip and another run like this, all in 1 daily cycle or…

(Click on image to enlarge)

GDX #2 – A day 24 Peak ( Give or take a couple days) with a 1/2 cycle low now?

(Click on image to enlarge)

GDX #3 – Or copy the last run in August into the highs ( purple box) to finish ‘the current cup’.

(Click on image to enlarge)

GORO – With Goro's recent run, is it time to sell? I’ve been asked that for GORO, AUY, MUX, etc. Please read the chart. I know that some have been burned in the past holding on too long, but Miners are only on day 10. This has not been ‘too long’. Could it pull back a bit? Yes, there is always risk, however…

(Click on image to enlarge)

GORO –Step back and take a look at this.I just wanted to point out the LONG TERM BIG PICTURE view of a Miner like GORO. It looks like it has hardly moved so far compared to Jan 2016. It looks like a large triangle breaking out. This could actually run to $8 by the 2nd or 3rd daily cycle, based on this chart.That is almost 100% from here.I’m just holding positions and riding the waves for a few more weeks.

(Click on image to enlarge)

EMMBF- I found this Medical Marijuana stock in a healthy looking base and suddenly heavy volume Tuesday & Wednesday came into it. It looks ready to break out, the sector is extremely bullish for those able to trade it. $3 is a almost a double from here, on this stock.

(Click on image to enlarge)

CNBX –This is the ongoing CNBX trade. You can see from my Nov 27th chart that the climb remained bullish and orderly. It was also a good place to add to current positions on the 50sma here.

(Click on image to enlarge)