Posts

Swee!! Time to look into market again.

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  My system just alerted me this morning that the stock market is having a mini-correction .  Time to look into the stock market again.  If you have followed me on my Facebook,  https://www.facebook.com/MoneyLaw888/ , I have warned people to avoid the Asia market.  There is a time to trade and there is a time to do nothing.  Many GURUs keep shouting to enter into the Asia market because it is cheap especially Tech stocks/ETFs eg KWEB, Tencent, Alibaba etc.  The big correction has not come yet. This is just a mini-correction .  I really hope that it will trigger a bigger correction and I can buy more at a greater discount.  But nobody knows.  The chart will tell us what to do. 

How I avoid the Bitcoin crash.

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  Bitcoin How I avoid the Bitcoin crash. trade according to the chart. no emotion involved. Still no "BUY" signal yet. Wait patiently. Do nothing is also a trading decision. i will stop blogging for a while. you still can look for me at my facebook. https://www.facebook.com/MoneyLaw888/

Small ANG POW from Bitcoin

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  Tq Elon kor kor. Elon kor kor tweeted on Bitcoin on 29 Jan 2021. And I entered more into Bitcoin.  A bit late in the Bitcoin. But better be late than never.  36% in one month.  I blogged about the triangle formation on 1 Feb 2021  click here . It broke out from the triangle on 2 Feb 2021. There is a "BUY" signal on the 7 Feb 2021. On 8 Feb 2021, Elon kor kor announced that Telsa bought 1.5 billion into Bitcoin.  https://www.cnbc.com/amp/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html After the announcement, Bitcoin went up 19.45%. Now Bitcoin is forming a flag. Just nice the resistance is the psychological level, 50,000.  We shall eat our bak kwa and watch whether Bitcoin will break 50k from here.  Trade Safe.

Bitcoin - Triangle Formation

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  Tesla CEO Elon Musk: ‘I Am a Supporter of Bitcoin’ https://www.cryptoglobe.com/latest/2021/02/tesla-ceo-elon-musk-i-am-a-supporter-of-bitcoin/?fbclid=IwAR28h_tggYfCZEViZ0HG-9pwZ5tgqDy61UKy1qvtwuxuEKHoSKg7x6otFW0 watch out for Triangle formation forming in Bitcoin.  Something is going to happen.  Elon Musk also tweeted about bitcoin last Friday.  What is going to happen? Nobody knows.  The chart will tell us what to do next. When the richest man talks, we listen. He knows something that we don't know.

Bitcoin Live - 20 Jan 2021

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Bitcoin - Can buy anot? For the itchy fingers.

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  Bitcoin - Can buy anot?  Don't ask me. Ask the chart.  Drop from 42k to 30k in three days. Scared? For the itchy fingers.  No sell signal yet. Follow the chart. Ignore the noise. 

Alibaba - To buy or sell?

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  Alibaba.  You read the news regarding Ants IPO, Jack Ma etc. Negative News.  Some get caught at the top.  Some went in to buy Alibaba when the bad news hit Alibaba.  From the chart, there is a sell signal since November 2020. Some might ask me, what is my view.  For me, I will neither buy nor sell Alibaba. I will not short Alibaba even there is a sell signal. As Alibaba is a GIANT company, the fundamental is good. So nobody will Short a GIANT company.  I will not buy Alibaba too. As news about delisting Alibaba in NYSE and the Chinese government want to step in to investigate Jack Ma, Ant IPO etc. Now is like both 黑白两道 want to bring down Alibaba.  You might think that WOW.. you say like never say lei...  The reason for my view is SIMPLE.  There are other good stocks to trade. What we want is to make EASY MONEY .  Correct anot? Stocks like Alibaba I will not touch. This is for those who have a big and strong heart.  I belong to the lazy people who want to trade stocks to make EASY MON