bayfolio

bayfolio Updated 

If you take a step back and look at gold, you can see a nice cup and handle formation on the weekly/monthly chart. Could we be setting up for a $GLD $GOLD rush? While I have gold in my portfolio, I am no longer a gold bug. After studying it enough, call it God's money or what, I look at trends to see how the underlying pattern evolves. What do you think? Could...

bayfolio

This is a weekly chart, and if you are to go by investor Jeremy Grantham's Fed Put - more like a doomsday call of 50%, you might want to pay attention to this. I'm a big believer we of gap fills, seen it happen time and again, some times its quick, other times it take much longer. We have a gap to fill (marked in the blue zone). Coincidentally, that coincides...

bayfolio

I no longer have a position in BTCUSD, and I've explained why I sold everything. But this is hard to see, was sharing this chart with a few close friends who were asking when to buy. I said it's not the time. Is is time? BTCUSD still looks week. Once you reach the cross of death, there's a 50/50 chance of it happening. If it does, you can see 50% drops, if it...

bayfolio

I've mentioned this before, Gap Ups are interesting concepts to watch, as you can be pretty sure that at a point in time, they get filled up before the market has to rise again. Let's watch NSE:BANKNIFTY fill up the Gap Ups. Looking to see 17,317 but before that, 19505 in the short term.

bayfolio

Being an NRI, you always keep an eye on this one single currency rate → OANDA:USDINR Based on an interest rate parity level, the Indian Rupee should be around 80-84 range. Still a long way to go...

02:23

bayfolio

For members of Zencapita - I had mentioned the possibility of $GOLD going up, and the formation has been nice so far. If you're interested to learn more about how I see this forming up, join me today. Remember to check out the chart on TVC:GOLD before trading/investing!

bayfolio

Wishing you a blessed Good Friday, and a Happy Easter... As goes the market, so goes our hope. Time to hope in something better!

04:03

bayfolio

We talked about this in our last update, if the BSE:SENSEX could actually pierce through the resistance at 31,123 to move higher. That may not be the case. Well so far, let's wait till end of day to draw any conclusions. There have been a number of holidays in April, so this sort of erratic behavior can only be expected. We close for Good Friday, and open...

10:33

bayfolio

Just after I published a recording on a dead cat bounce, immediately after the market started inching upwards, as if someone had switched a bot on. Was this a coincidence, or are there bigger conspiracies at play :D -- or was insider buying taking place? I don't watch / listen to the news, because it brings very little value these days. And the markets factor...

bayfolio

While the BSE:SENSEX index is showing some strength today, are we out of the woods? India is still in just the first week of a 21 day / 3 week lock down. I'm sure many traders don't have anything better to do at home, so trading might be their stress buster! Just wait until their wives ask them to buy 'subji' instead of 'stocks' :D I may be saying this like...

bayfolio Updated 

ETH has been pushing the envelope, will it breakout or will it break down? Typically if it keeps hitting the upper resistance, and it does breakout - you could see much more upside. If by the third time it doesn't, you can expect a small correction...

bayfolio Updated 

One the one hour graph, looks like BTC has been itching to pop. The squeeze is building up momentum. Look forward to the next rush. Could be the ramp up towards halving. Who cares, book some profits and move on.

bayfolio Updated 

Gap fills are easy to predict, they happen, they may take time, but they happen. After the last gap up, we still haven't seen the market close that gap. If the market wants to go further, let's wait for this to be gap to be filled.

bayfolio

Wow, just when you thought it was over...

bayfolio

It's been a long while, are we finally done with the runup? Will we see a Santa Clause rally or are traders going to be getting ready for the hols, and sell for the new year? December could be a lower trend... but hey, let's not predict anything :)

bayfolio Updated 

If it can break through the top trend, could see a nice move up to 104. Let's wait and watch...

bayfolio Updated 

Ok, now that the price has crossed over the $5,000 mark - we're all looking back and laughing at what the doom and gloomers said. No hard feelings. This is the way the market moves. And as usual, I get a tonne of calls asking 1) how do I buy bitcoin and 2) should I buy at this level? To answer one - Sign up for my webinar at zencapita.com and to answer two: sign...

bayfolio Updated 

Updated from high of c 5,000 to support at 41.6% retracement to 2,920. Let's see :)