Dave Reiter

20 posts
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Bitcoin Trading Strategies

Moving AveragesAs I mentioned in previous articles, the best trading systems usually contain the fewest number of rules. Based on my four decades of trading and investing, I have discovered that complicated systems with complex mathematical formulas rarely produce long-term profitable results. Instead, the most...
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Blockster Weekly Cryptocurrency Update

Recent Price Action Bitcoin – The bears are in complete control of all cryptocurrencies, including Bitcoin. BTC collapsed below the critical support level at $39,713 (Chart #1). The next level of support is $31,710 (Chart #2). The short-term chart pattern will remain bearish as long...
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Bitcoin Trading Strategies

WD GannBorn on 6 June 1878, WD Gann was considered one of the greatest stock and commodity traders of his generation. Gann devoted the majority of his professional career to the study of technical analysis, including chart formations, astronomy, astrology, geometric patterns and mathematical formulas....
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Blockster Weekly Cryptocurrency Update

Recent Price Action Bitcoin – It appears that Bitcoin may have formed an important triple bottom @ 39,713 (Chart #1). As I mentioned in my previous crypto update, this is a critical support level for BTC. If Bitcoin has any chance of recording a new...
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Bitcoin Trading Strategies

Chart Patterns Richard Schabacker is considered one of the greatest technical analysts in the history of investing. Schabacker introduced the concept of technical analysis to an entire generation of new investors in the aftermath of the Great Depression. In 1932, he published a book containing...
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Blockster Weekly Cryptocurrency Update

Recent Price Action Bitcoin – BTC continues to struggle. If we examine the 9-month chart, it appears that Bitcoin formed a major triple top dating back to 14 April 2021 (Chart #1). This is a bad sign for the bullish camp. In order to invalidate...
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Bitcoin Trading Strategies

Accumulation/Distribution OscillatorThe Accumulation/Distribution oscillator was developed in 1979 by Larry Williams, one of the most successful commodity traders of the past 50 years. More commonly known as the A/D oscillator, this momentum indicator is used to measure the strength or weakness of a particular stock,...
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INVEST WISELY: BLOCKSTER WEEKLY CRYPTOCURRENCY UPDATE

Recent Price Action Bitcoin – BTC has been unable to generate any type of sustainable rally since mid-November. Each small rally has been met with a wave of selling pressure. The short-term momentum is clearly in favor of the bears. In order to reverse the...
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Bitcoin Trading Strategies

Chart PatternsRichard Schabacker is considered one of the greatest technical analysts in the history of investing. Schabacker introduced the concept of technical analysis to an entire generation of new investors in the aftermath of the Great Depression. In 1932, he published a book containing his...
Read More

INVEST WISELY: BLOCKSTER WEEKLY CRYPTOCURRENCY UPDATE

Recent Price ActionBitcoin – BTC has been struggling for seven consecutive weeks. The short-term chart pattern turned bearish when Bitcoin penetrated 50,461 on 6 December (Chart #1). However, the bulls were able to recapture the short-term momentum when BTC generated a weekly close above 50,461...
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Bitcoin Trading Strategies

True Range Breakout Method (TRABOM)Larry R Williams is one of the greatest commodity traders of all time. In 1987, he won the World Cup Trading Championship by parlaying $10,000 into $1.1 million over the course of 12 months. In addition to being a great commodity...