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XRPUSD HITBTC PENNYCRYPTO#1 Penny Cryptocurrency 2020: Ripple XRP XRP Current Price: $0.1988 Ripple XRP is also known as the most favorite cryptocurrency among global banks. The XRP payment system has been around since 2012 and it hit an all-time high back in January 2018 when it hit approximately $3.5. According to Coinmarketcap, Ripple is the world’s third most valuable cryptocurrency based on market cap. Where Can I Buy Penny Cryptocurrencies? The largest and biggest cryptocurrency exchange that offers penny coins is Binance. HitBTC gives you access to over 827 penny coins and $650 million average daily volume. Hotbit gives you access to over 625 penny coins and $2.3 billion average daily volume. KuCoin gives you access to over 447 penny coins and $40 million average daily volume. OKEx gives you access to over 372 penny coins and $1.9 billion average daily volume. Bitfinex gives you access to over 277 penny coins and $93 million average daily volume. How to Select Penny Cryptocurrencies? In this section, we’re going to break down our checklist to select top penny cryptocurrencies. To start, using crypto trading signals will make it much easier to identify which coins are most likely to increase or decrease in value. It’s important to lay down some sort of a selection process so you don’t get lost with so many coins available to buy. Our team of experts has put together a list of 10 criteria to follow before you buy penny cryptocurrencies today: Cryptocurrency circulating supply between 10 million – 1 billion coins The market cap of at least $20 million Must be listed on the biggest cryptocurrency exchanges (Binance, BitMex, OKEx, Huobi Global, MXC, etc.) Remove penny cryptocurrency that has mined less 25% of their maximum supply Percentage gain in the last 7 days must be higher than 50% (you can view these metrics on Coinmarketcap) High liquidity – minimum $1 million 24 hour volume traded A strong presence on social media (Twitter, Facebook, Reddit and cryptocurrency forums) Experienced blockchain developers team Discount penny coins that trade near their all-time high The final step is to use technical analysis to find range-bound penny cryptocurrencies that trade at a psychological support level. Why Invest in Penny Cryptocurrencies? 1 - Altcoins offer high-risk reward ratios. Many of the penny cryptocurrencies are undervalued and along with the potential of mass adoption of the blockchain technology, we can expect the value of the altcoins to be higher in the foreseeable future 2 - Penny cryptocurrencies offer investment diversification. If you want your crypto portfolio to generate constant returns you need diversification. The cryptocurrency market crash amid the coronavirus outbreak wasn’t able to put to the ground every single coin. There are still coins that show positive return (see figure below). 3 - Penny cryptocurrencies offer passive income. Some of the best paying dividend cryptocurrencies trade under $1. Earning dividends from cryptocurrencies is the same as a stock dividend. By simply holding penny cryptos in your wallet or exchange, you can earn money. A penny cryptocurrency is a digital currency that is trading under $1. Much like penny stocks, the penny cryptocurrencies are very cheap coins literally worth a few pennies. Penny cryptos are considered to be an alternative type of investment that can be classified into 4 categories: Mining-based cryptocurrencies Stablecoins (Check out here What Are Stablecoins And How Do They Work?) Security Tokens (Check out everything you need to know about Security Token Offerings) Utility Tokens Most penny cryptocurrencies are more volatile and they can be subject to price manipulation through the pump and dump schemes. However, not all penny cryptocurrencies are the same, they vary widely from each other. Trading Strategy Guides Home Blog About Us Products Contact Us Free Tools Best Penny Cryptocurrency to Invest 2020 by TradingStrategyGuides | Last updated Apr 8, 2020 | Advanced Training, All Strategies, Cryptocurrency Strategies | 0 comments best altcoins 2020 If you search for the best penny cryptocurrency to invest 2020 read on. With more than 5,200 altcoins to choose from, you might be wondering what are the best altcoins to invest in 2020? We’re going to share with you the top 10 penny cryptocurrencies to buy in 2020 along with some trading tips and strategies. If this is your first time on our website, our team at Trading Strategy Guides welcomes you. Make sure you hit the subscribe button, so you get your Free Trading Strategy every week directly into your email box. If you want to put your money into more established coins, this article will shed some light on the Top 5 Best Cryptocurrencies to Invest in 2020. According to Coinmarketcap, penny cryptocurrencies account for almost 35% of the total cryptocurrency market (according to data compiled through April 2020). The penny crypto-list is huge, but only some of them will emerge as having a high-profit potential. Since most cryptocurrencies will die and no one will ever talk about them, it’s important to develop a sound investment process. Which penny cryptocurrencies are on the verge to go to the moon and the best altcoins to invest in 2020 will be revealed by our team of experts throughout this guide. Let’s dive in and explore together the next upcoming altcoin season. Let’s go ahead and get started! See below: Table of Contents 1 What are Penny Cryptocurrencies? 2 Why Invest in Penny Cryptocurrencies? 3 How to Select Penny Cryptocurrencies? 4 Where Can I Buy Penny Cryptocurrencies? 5 What are the Top 10 Penny Cryptocurrencies to Buy in 2020? 5.1 #1 Penny Cryptocurrency 2020: Ripple XRP 5.2 #2 Penny Cryptocurrency 2020: Stellar Lumens (XLM) 5.3 #3 Penny Cryptocurrency 2020: Basic Attention Token (BAT) 5.4 #4 Penny Cryptocurrency 2020: Steem 5.5 #5 Penny Cryptocurrency 2020: Enjin Coin (ENJ) 5.6 #6 Penny Cryptocurrency 2020: Ren 5.7 #7 Penny Cryptocurrency 2020: Ravencoin (RVN) 5.8 #8 Penny Cryptocurrency 2020: Tron (TRX) 5.9 #9 Penny Cryptocurrency 2020: OmiseGO (OMG) 5.10 #10 Penny Cryptocurrency 2020: Ontology (ONT) 6 Final Words – Best Penny Cryptocurrency to invest 2020 What are Penny Cryptocurrencies? Best penny cryptocurrency 2020 A penny cryptocurrency is a digital currency that is trading under $1. Much like penny stocks, the penny cryptocurrencies are very cheap coins literally worth a few pennies. Penny cryptos are considered to be an alternative type of investment that can be classified into 4 categories: Mining-based cryptocurrencies Stablecoins (Check out here What Are Stablecoins And How Do They Work?) Security Tokens (Check out everything you need to know about Security Token Offerings) Utility Tokens Most penny cryptocurrencies are more volatile and they can be subject to price manipulation through the pump and dump schemes. However, not all penny cryptocurrencies are the same, they vary widely from each other. Moving on… We’re going to reveal 3 reasons to buy penny cryptocurrencies in 2020. See below: Why Invest in Penny Cryptocurrencies? If you’re still on the defensive and don’t know if you should buy penny cryptocurrencies let me shed some light. Here are 3 reasons why you need to invest in altcoins today: Altcoins offer high-risk reward ratios. Many of the penny cryptocurrencies are undervalued and along with the potential of mass adoption of the blockchain technology, we can expect the value of the altcoins to be higher in the foreseeable future Penny cryptocurrencies offer investment diversification. If you want your crypto portfolio to generate constant returns you need diversification. The cryptocurrency market crash amid the coronavirus outbreak wasn’t able to put to the ground every single coin. There are still coins that show positive return (see figure below). Penny cryptocurrencies offer passive income. Some of the best paying dividend cryptocurrencies trade under $1. Earning dividends from cryptocurrencies is the same as a stock dividend. By simply holding penny cryptos in your wallet or exchange, you can earn money. We hope you now see the value you can get from buying penny cryptocurrencies. The blockchain technology is here to stay and so are these altcoins. Now… Before we pick the best altcoins to invest in 2020, let’s discuss a set of principle you need to use before investing in penny cryptocurrencies. See Below: How to Select Penny Cryptocurrencies? In this section, we’re going to break down our checklist to select top penny cryptocurrencies. To start, using crypto trading signals will make it much easier to identify which coins are most likely to increase or decrease in value. It’s important to lay down some sort of a selection process so you don’t get lost with so many coins available to buy. Our team of experts has put together a list of 10 criteria to follow before you buy penny cryptocurrencies today: Cryptocurrency circulating supply between 10 million – 1 billion coins The market cap of at least $20 million Must be listed on the biggest cryptocurrency exchanges (Binance, BitMex, OKEx, Huobi Global, MXC, etc.) Remove penny cryptocurrency that has mined less 25% of their maximum supply Percentage gain in the last 7 days must be higher than 50% (you can view these metrics on Coinmarketcap) High liquidity – minimum $1 million 24 hour volume traded A strong presence on social media (Twitter, Facebook, Reddit and cryptocurrency forums) Experienced blockchain developers team Discount penny coins that trade near their all-time high The final step is to use technical analysis to find range-bound penny cryptocurrencies that trade at a psychological support level The only checklist that you need to know before buying penny cryptocurrencies in 2020 was used with success by our team of crypto experts. Moving on… Let’s examine which crypto exchanges offer altcoins and penny coins See below: Where Can I Buy Penny Cryptocurrencies? Like a Bitcoin exchange, there are cryptocurrency exchanges that specialize in offering digital currencies that trade under $1. The largest and biggest cryptocurrency exchange that offers penny coins is Binance. On Binance exchange, crypto fanatics can trade a vast selection of 685 coins with an average 24-hour trading volume of $3.9 billion. The complete list of the best cryptocurrency exchange for 2020 to buy and sell penny cryptocurrencies includes names like: HitBTC gives you access to over 827 penny coins and $650 million average daily volume. Hotbit gives you access to over 625 penny coins and $2.3 billion average daily volume. KuCoin gives you access to over 447 penny coins and $40 million average daily volume. OKEx gives you access to over 372 penny coins and $1.9 billion average daily volume. Bitfinex gives you access to over 277 penny coins and $93 million average daily volume. It’s almost impossible to buy penny cryptos directly with fiat money. Most penny cryptos are traded in exchange for BTC or in exchange for Ethereum. So, if you don’t own Bitcoins, you first need to purchase some BTC before you buy your favorite penny cryptocurrency. Also, be sure to read our tutorial on the best bitcoin trading strategy. Next… Are you looking for the cheapest altcoins? Only the altcoins with strong fundamentals will succeed and emerge as the winners from the COVID19 crash. While more money will flow back into Bitcoin and other safer coins, we believe the highest return on investment can be produced by these penny cryptocurrencies. Let’s outline what are the best penny cryptocurrency to invest 2020. See below: What are the Top 10 Penny Cryptocurrencies to Buy in 2020? Let’s distinguish between what are merely empty promises and what are the best penny cryptocurrency to invest in 2020. While we’re in a bear market due to the COVID-19 Coronavirus fears, professional crypto traders know that the best opportunities come in times of crisis. Now, you might be asking: What are the best altcoins to invest in 2020? If the cryptocurrency market will recover, these are the top 10 best penny cryptocurrency 2020. See below: #1 Penny Cryptocurrency 2020: Ripple XRP XRP Current Price: $0.18 Ripple XRP is also known as the most favorite cryptocurrency among global banks. The XRP payment system has been around since 2012 and it hit an all-time high back in January 2018 when it hit approximately $3.5. According to Coinmarketcap, Ripple is the world’s third most valuable cryptocurrency based on market cap. best penny cryptocurrency to invest in 2020 #2 Penny Cryptocurrency 2020: Stellar Lumens (XLM) Stellar XLM Current Price: $0.041 Stellar currently ranks as the world’s 13th most valuable cryptocurrency. XLM has great application in the sense that it helps people convert crypto to fiat currency. Stellar reached an all-time high of $0.83 in January 2018. best altcoins to invest in 2020 #3 Penny Cryptocurrency 2020: Basic Attention Token (BAT) BAT Current Price: $0.14 Basic Attention Token is another promising penny cryptocurrency that ranks in the 34th position based on market cap. Integrated with the Brave Browser and having behind a great team lead by the original developer of JavaScript and co-founder of Mozilla and Firefox, BAT has a bright future. BAT reached an all-time high of $0.88 back in January 2018. Best penny cryptocurrency 2020 #4 Penny Cryptocurrency 2020: Steem Steem Current Price: $0.18 Steem is one of the most active blockchains in the ecosystem with over 1 million active users. Steem is an APP that focuses on providing social media services and other types of communication services over the internet. Steem currently ranks at place 40 on Coinmarketcap. It reached an all-time high of $7.21 back in January 2018 (See crypto chart below). best penny cryptocurrency to invest in 2020 #5 Penny Cryptocurrency 2020: Enjin Coin (ENJ) Enjin Coin Current Price: $0.09 Enjin Coin is the 59 most valuable cryptocurrency worldwide. Enjin Coin landed one of the largest partnerships in cryptocurrency history with Samsung, one of the largest mobile phone companies in the world. ENJ also has a partnership with Unity the world’s most popular game engine, which is why any crypto portfolio should include this coin. ENJ all-time high was $0.44, so we’re not that far off from it. best altcoins to invest in 2020 #6 Penny Cryptocurrency 2020: Ren Ren Current Price: $0.051 Ren cryptocurrency has great potential to grow in the years ahead. Ren facilitates transactions between cryptocurrencies and tokens. Basically, you can transfer any coin or token between any blockchain. Ren all-time high of $0.18 was reached recently on August 2019. best cryptocurrency to invest in 2020 #7 Penny Cryptocurrency 2020: Ravencoin (RVN) Ravencoin Current Price: $0.015 Ravencoin has gained a lot of popularity due to its good mixture of both technical price action as well as good sets of fundamentals. According to Coinmarketcap, RVN ranks as the top 50 cryptocurrencies. Ravencoin reached its all-time high of $0.07 back in April 2019. up and coming cryptocurrency 2020 #8 Penny Cryptocurrency 2020: Tron (TRX) Tron Current Price: $0.011 Tron is another digital currency that is a good candidate to become a hit in the years to come. Tron has one of the largest online communities in the crypto space and an average daily volume close to 1 billion. TRX ranks as the 11th most valuable cryptocurrency and it reached its all-time high of $0.20 in January 2018. best cryptocurrency to invest in 2020 reddit #9 Penny Cryptocurrency 2020: OmiseGO (OMG) OmiseGo Current Price: $0.54 OmiseGO is another cheap cryptocurrency that you can buy today. With a limited circulating supply and an average daily volume bigger than OMG’s market cap, this coin has a true potential to increase multiple times in value. OmiseGO reached an all-time high of $25.49 back in January 2019. best cryptocurrency to invest in now #10 Penny Cryptocurrency 2020: Ontology (ONT) Ontology Current Price: $0.1 Ontology is another cheap cryptocurrency with huge potential in 2020 and beyond. ONT trades below its market cap value and this divergence can be the catalysts for the next surge in ONT price. Ontology cryptocurrency reached an all-time high of $9.91 in May 2018. next cryptocurrency to explode 2020 Final Words – Best Penny Cryptocurrency to invest 2020 In summary, you have solid reasons to search for the best penny cryptocurrencies to invest 2020. Penny cryptocurrencies can give you the opportunity to get exposure to innovative projects, diversification and last but not least the potential to make more than 100% return on your investment. In some cases, using crypto bots will make it significantly easier to automate your trades. There is no way anyone can predict with 100% certainty what the best altcoins to invest in 2020 are. However, we know from history that as cryptocurrency markets get bigger, it tends to multiply at lower rates over time. Also, many of the crypto names we have today will disappear in the coming years. So, don’t buy penny cryptocurrencies that are down 99% from their all-time high simply because they are at a discount. Many of those cryptocurrencies will never recover from those price levels. Risk Warning: This is not financial advice, everything outlined through this cryptocurrency guide is solely our personal opinions. Do your own research before making any investments.
HITBTC:XRPUSDLong
by Tradingstrategyguides
2
ETHUSD 1D TRIANGLE BREAKOUTSTriangles are repeatable trading chart patterns. Triangles are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the volume settings on the chart – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
COINBASE:ETHUSD
by Tradingstrategyguides
3
CADCHF 1D LONG TRIANGLE BREAKOUTAscending Triangle are repeatable trading chart patterns. Ascending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Long
by Tradingstrategyguides
3
GBPJPY DAILY TRADE SETUPSPrice has been in a Bearish downward move. Price is taking a Bullish Pullback. Price will either continue Bullish upward move or reverse and continue Bearish downward move. Bullish Long Setups. Entry points long found on a 15m chart. Take Profit levels found on fib retrace levels. Bearish Short Setups. As Price moves upward, it can retrace at different fib levels and continue its Bearish downward trend. Entry points long found on a 15m chart. Take Profit levels found on fib retrace levels. 15m chart Entry points will the Break-Hook-Go candle patterns at different fib levels. Find your own Stop Loss points.
by Tradingstrategyguides
1
GBPUSD 1D WOLFE WAVE STRATEGYWhen trading the best wolfe strategy you will find that after the entry is triggered your position should show you an immediate profit. This is because the reversal pattern that emerges from the wolfe wave chart pattern is very violent. Once we’ve got the first five waves we have the general setup of the wolf wave . After the last wave has broken above the ascending wedge channel it’s the time to get ready for some action. Step #1: Prior to the Bearish Wolfe Wave Formation look to have a clear Bullish Trend . Firstly, before the first wave to develop we need to have a clear trend that needs to be reversed. For high probability trades, we want to see a prior bullrish trend before the bearish wolfe wave develops. This step is quite essential if you want to correctly trade the wolfe pattern. Now that we’ve identified a trend, it's time to apply the wolfe wave rules to the price chart. This brings us to the next step of our reversal strategy. Step #2: Try finding a 5 wave move that can be contained in a channel. The last wave 5 must break above the wedge channel. A valid wolfe wave is composed of 5 waves that follow some simple rules. However, the most important rules are that wave 2 and 4 must be contained within the channel created by Wave 1 and Wave 2. Secondly, wave 5 breaks above the trendline created by wave 1 and wave 3. Step #3: Sell after we break above and then a candle close back inside the Wedge Price Channel . At the moment when the price enters and closes back into the price channel , we want to enter a short position. We like to wait for the close inside in order to eliminate possible fake breakouts. Note*: If we don’t get a close back into the wedge price channel we don’t have a valid trade signal. Another sign to look for is how quickly it goes back into the channel. We prefer to only trade the wolfe patterns that retrace very quickly back into the range. This is a sign that a smart money reversal is at work. Remember, in trading, you only want to trade the high probability trade setups. Step #4: Draw a trendline that connects the wave 1 high and wave 4 low and extend it in the future. Take profit when the EPA line is hit or candle close below it.. The line that connects the wave 1 high and wave 4 low is called the wolfe wave EPA line. The EPA line stands for Estimated Price at Arrival and it’s an effective take profit strategy. The EPA line main purpose is to show at what price the market will extend after it reversed the previous trend. Note*: If the EPA line is too steep, often time it means that the price will never reach it. In this case, you want to take profits early. Step #5: Hide Protective Stop Loss above Wave 5. The protective stop loss can be located above the last wave or wave 5. This strategy gives us a very tight stop loss which is good for our risk management strategy. Obviously that a break above wave 5 means we also break first above the channel and this will invalidate the validity of the wolfe wave chart pattern. Note** the above was an example of a SELL trade using the best wolfe wave strategy. Use the same rules for a BUY trade. Conclusion - Best Wolfe Wave Strategy The wolfe wave strategy is a trading strategy built around waves the same like Elliott Wave trading. We use other trading concepts like channeling and price symmetry to find the best possible trade signals. If the trade works in our favor then we have a really good chance to have a good trade in terms of risk to reward ratio. With trading experience, it will become much easier to spot the wolfe wave patterns.
Education
by Tradingstrategyguides
EURUSD 1W 1D 4H TRADESThe weekly chart shows sup/res levels used to take profit levels. The 4h chart shows entry points. Bearish trades. 1st sell trade at breakout of triangle bottom @ 1.0663. 1st sell take profit at 1.0560. 2nd sell continuation trade breakout at sup level of 1.0560. 2nd sell take profit at 1.0450. Bullish trades. 1st buy breakout of top of the triangle. You determine the entry point. 2nd buy trade at reversal point of 1.0560. 3rd buy trade at reversal point of 1.0450. All buy trades take profits are at 1.1030 resistance level. You determine your stop losspoints.
by Tradingstrategyguides
1
ETHUSD 1D BEARISH FLAG PATTERN SHORT TRADEStep #1: Look for evidence of a prior bearish trend. For a valid bearish flag, you need to see a sharp decline. Just because you can spot the bear flag pattern, doesn’t mean you have to jump straight into the market and trade it. Remember, we need the right context and the right price structure needs to line up for a tradable bearish flag. So, the first step is to identify the market trend prior to the flag price formation. First, a valid bearish flag needs a sharp decline. This is strong evidence of a bearish trend and that the supply and demand is out of balance. Note* The sharp move is also the Flagpole – the first element of the bearish flag structure. Step #2: Identify the flag price formation. The price action needs to move in a narrow range between two parallel lines. The flag price formation is the second element of the bear flag pattern. Basically, all you need to do is to spot one support and one resistance level. It must contain the price action in a very narrow range. The narrow range is key for the bear flag pattern success rate. Step #3: Sell at the closing candle that generates the Flag Breakout. After we identify the market trend and the characteristics of a good bearish flag pattern we need to wait for confirmation that the trend is about to resume. There are two basic approaches to enter the market with the bear flag pattern. Aggressive traders will enter at the top of the bearish flag as this will secure a little bit of bigger profits. If you’re a conservative trader you can wait for confirmation provided by the flag breakout. Our team at TSG prefers to take the conservative approach and wait for a break and close below the bearish flag before executing the trade. The bear flag chart pattern strategy only looks for trading opportunities when you get a breakout below the flag price structure to be a seller. The next important thing we need to establish is where to place your protective stop loss. It is important when looking at this type of strategy to keep everything in the context of the overall market. Too many traders will try to zoom on. Step #4: Place the protective stop-loss slightly above the Flag. The Rectangle chart pattern strategy gives you a simple way to quantify risk because you can place your protective stop-loss slightly above the flag price structure. We’re accomplishing two things with our tight stop loss: Small losses. Higher risk to reward ratio. With such a tight stop loss you’ll have the comfort of losing many trades in a row because with the amazing RR the bearish flag can potentially wipe out all your losses in a single trade and still come profitable. The next logical thing we need to establish for the bear flag pattern strategy is where to take profits. Step #5: Take Profit target equals the same price distance of the Flag pole measured down from the top of the bearish flag. The textbook profit target is the height of the flag pole measured down from the top of the flag. Our team at TSG has learned that the market likes this kind of price symmetries and we like to take advantage of it. Note*** The above was an example of a SELL trade… Use the same rules – but in reverse – for a BUY trade, but this time we’re going to use the bullish flag, or bull flag.
COINBASE:ETHUSDShort
by Tradingstrategyguides
1
BTCUSD 1D ADVANCED TRIANGLE BREAKOUT INDICATORAdvanced Triangle Breakout Indicator shows Short Trade Red Column Signal. Advanced Triangle Breakout Indicator shows Open Short Trade Entry Signal. Advanced Triangle Breakout Indicator shows Stop Loss Signal. Advanced Triangle Breakout Indicator shows Adjusted Stop Loss Signal. Advanced Triangle Breakout Indicator shows 1 x 2 risk/reward Take Profit Short Trade Exit Signal. PM me if you have any questions I can help you with about this indicator.
COINBASE:BTCUSDEducation
by Tradingstrategyguides
1
LTCUSD 1D BEST MOMENTUM WILLIAMS %R SHORT TRADE STRATEGYThe Best Momentum Trading Strategy using the Best Forex Momentum Indicator Our team at Trading Strategy Guides believes that smart trading is the way to build the best momentum trading strategy. In this regard, we don’t want to predict when the momentum will happen, but we let the market tips his hands and then react. One principle of the momentum indicator strategy is, “buy high to go higher” and “sell low to go lower.” In other words, we trade in the direction of the trend while having the momentum on our side. Step #1: Define the Trend. A Downtrend is defined by a Series of LH Followed by a Series of LL. The definition of a downtrend is pretty much standard. In a downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define a downtrend. A lower high is simply a swing low point that is lower than the previous swing low. While a lower low is simply a swing low that is lower than the previous swing low. All momentum traders know that the trend is our friend. But without momentum behind the trend, we might actually not have any trend. For active traders, we also look at the actual price action in order to gauge momentum. Besides reading the best forex momentum indicator. Step #2: In a Downtrend - Look for Bold Candlesticks that Close Near the Lower End of the Candlestick. A technical analysis concept is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup. In this regard, the momentum trading strategy besides using the best Forex momentum indicator also incorporates the price action. A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in a downtrend are big, bold bearish candlesticks that close near the lower end of the candlestick. The upside price movement is preceded by big bearish candlesticks. This confirms the momentum behind the trend. Step #3: Wait for the best Forex Momentum Indicator to get overbought (below -20). Then rallies below the -50 level before Selling. We’re going to use Williams %R, the best forex momentum indicator in a smart way. In a downtrend, we sell after the best forex momentum indicator has reached overbought conditions (below -20). And then rallied back below the -50 level. Now, we have confirmation from both the price and the best forex momentum indicator. The real momentum is behind this trend and the probabilities are in favor of more downside prices from here on. Note* If the best forex momentum indicator continually stays in overbought territory (above -20 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a downtrend. Step #4: Place Your Protective Stop Loss above the Recent Lower High. We want to hide our protective stop loss. It is above the most recent lower high level that formed right before the best momentum trading strategy issue the sell signal. Alternatively, you can also trail your stop loss above each most recent lower high. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Last but not least the momentum indicator strategy also needs a place where we need to take profits, which brings us to the last step of the best momentum trading strategy. Step #5: You find your own Take Profit or Take Profit once we break below the Previous Lower High. A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tip its hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break above the most recent lower high. Alternatively, you can take profit once the best forex momentum indicator breaks above the -50 level. Note** The above was an example of a SELL trade using the Best Momentum Trading Strategy. Use the same rules for a BUY trade.
COINBASE:LTCUSDShort
by Tradingstrategyguides
1