Ripple Sweeps Past My Target of 0.828. Consolidation Time.Hi guys,
Just a quick update.
Right now XRP's beta against the market is .5744. The beta gives us its position relative to the market (0 being no correlation; 1 being exact correlation). With XRP's beta so low, we can tell that it is the currency currently leading the Cryptosphere through the bounce.
Whether this is new excitement or a hopeful beginning, we can see that this bull-run will last awhile as the standard deviation is .009822. Meaning that we can expect a fluctuation on the downside by around 1%-2%.
If you are not currently in the market I suggest waiting for a consolidation to around $0.81-$0.82 to set up a good long entry for this next bull-run. DO NOT FOMO IN. You will lose.
Your opportunity should come around about 3 hours after this chart is posted (currently 10:21 AM MST). As you can see by my chart, we are forming the "J-Hook" on the Bollinger-Band 4-hour. Which means that we are getting ready to consolidate for the next leg-up. The Parabolic SAR is also giving us an indication that it is getting ready to consolidate as the periods are getting over-stretched. I would wait until we see the periods of the P-SAR to go overhead on the chart to start buying in.
I recommend a stop-loss @ $0.72 and in case of a rapid bullish break, a stop-buy @ 0.90.
Ripple's XRP is going to have a very interesting Q2 of 2018.
Goodluck out there guys!
Bollingerbandstrategy
GBPJPY 1H - SWING TRADING STRATEGY THAT WORKSStep 1 Wait for the price to touch the Upper Bollinger Band
The first element we want to see for our simple trading strategy is that we need to see price moving into overbought territory. Any swing trading strategy that works should have this element incorporated.
Note The preferred time frame for this simple swing trading strategy is the 4h time frame, but the strategy can be used on the daily and weekly time frame as well.
Step 2 Wait for the price to Break below the Middle Bollinger Bands
After we touched the upper Bollinger Band , we want to see confirmation that we indeed are in overbought territory and the market is about to reverse. The logical filter, in this case, is to look after a break below the middle Bollinger Band .
This break below middle Bollinger Bands is a clear signal in the shift in market sentiment.
We at Trading Strategy Guides don’t trade breakouts without disseminating weather or that there are real buyer/sellers – in our case, sellers – behind the breakout which brings to the next step of our simple swing trading strategy.
Step 3 Swing Trading Indicator: The Breakout Candle needs to be a Big Bold Candle that closes near the Low Range of the Candlestick. Sell at the Close of the Breakout Candle
So far our favorite swing trading indicator has correctly predicted this sell-off, but we’re going to use a very simple candlestick based method for our entry trigger. In this regard, we want to see a big bold bearish candle that breaks below the middle Bollinger Band .
The second element of this candlestick based method is that we need the breakout candle to close near the low range of the candlestick . This is indicative of strong sellers, which really want to drive this currency pair much lower.
Step 4 We hide our Protective Stop Loss above the Breakout Candle
The breakout candle has a lot of significance because we’ve used it in our candlestick based entry method. We assumed that this candle shows the presence of real sellers in the market. If the high of this candle were to be broken, it’s clear enough that this is simply a fake breakout as there are no real sellers.
Step 5 Take Profit once we break and close back below the middle Bollinger Bands or with a 3 to 1 risk ratio.
In this particular case we’re looking at a short trading example. So, if the price breaks back above the middle Bollinger Banks it’s time to get worried and take our profits as it can signal a reversal or if our 3 to 1 risk ratio has hit.
The reason why we get profit here is quite easy to understand as we want to book the profits at the early sign the market is ready to roll over.
Note The above was an example of a SELL trade. Use the same rules – but in reverse – for a BUY trade.
SWING TRADING STRATEGY THAT WORKSStep 1 Wait for the price to touch the Lower Bollinger Band
The first element we want to see for our simple trading strategy is that we need to see price moving into oversold territory. Any swing trading strategy that works should have this element incorporated.
Note The preferred time frame for this simple swing trading strategy is the 4h time frame, but the strategy can be used on the daily and weekly time frame as well.
Step 2 Wait for the price to Break above the Middle Bollinger Bands
After we touched the lower Bollinger Band, we want to see confirmation that we indeed are in oversold territory and the market is about to reverse. The logical filter, in this case, is to look after a break above the middle Bollinger Band.
This break above middle Bollinger Bands is a clear signal in the shift in market sentiment.
We at Trading Strategy Guides don’t trade breakouts without disseminating weather or that there are real buyer/sellers – in our case, buyers – behind the breakout which brings to the next step of our simple swing trading strategy.
Step 3 Swing Trading Indicator: The Breakout Candle needs to big a Big Bold Candle that closes near the High Range of the Candlestick Buy at the Close of the Breakout Candle
So far our favorite swing trading indicator has correctly predicted this buy-off, but we’re going to use a very simple candlestick based method for our entry trigger. In this regard, we want to see a big bold bearish candle that breaks above the middle Bollinger Band.
The second element of this candlestick based method is that we need the breakout candle to close near the high range of the candlestick. This is indicative of strong buyers, which really want to drive this currency pair much higher.
Step 4 We hide our Protective Stop Loss below the Breakout Candle
The breakout candle has a lot of significance because we’ve used it in our candlestick based entry method. We assumed that this candle shows the presence of real buyers in the market. If the low of this candle were to be broken, it’s clear enough that this is simply a fake breakout as there are no real buyers.
Step 5 Take Profit once we break and close back below the middle Bollinger Bands
In this particular case we’re looking at a long trading example. So, if the price breaks back below the middle Bollinger Banks it’s time to get worried and take our profits as it can signal a reversal.
The reason why we get profit here is quite easy to understand as we want to book the profits at the early sign the market is ready to roll over.
Note The above was an example of a BUY trad. Use the same rules – but in reverse – for a SELL trade.
XBTUSD BULLL RRUUNNNNI shook my UP Magic 8-Ball....
"All Signs Point to YES" or something like that.
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FOR bitMEX TESTnet (DEMO accounts & US RESIDENTS)
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bitMEX 4REAL (Except US Residents, sorry)
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While We wait on the 1 hour candles... Lets view w/ 5min I've recently been testing the B.B. Reversal strategy. On XBTUSD using the 5min. candles & So far has proven to be quite profitable...(I just started testing earlier today. Sooooo) Anyways The Rules are simple, Stick to the Rules, Always wait for confirmation candle and MOST Important IS To TAKE PROFITS early. I found it to be a far better strategy IF I have a predetermined 'take profit' set. using this method it around the $200 mark, but everything is situational of coarse, but with practice you'll know when the time is right. Just DO Not Get Greedy. I've found out the Hard Way. That bitcoin is a sloth, except for when the market actually moves, and I've watched too many $200+ profits get erased in a moments notice w/o warning NEVER to return...
Here are the Rules I employ: * subject to change w/o prior notice... lol
1.- Only employ this strategy using either the 5min & OR the 1 hour candles Plz
2.- Once candle breaks through the B.B. but then closes back inside the B.B. (I've highlighted examples in chart) Once the follow candle which starts inside B.B. then usually the candle willl 1st venture back outside the B.B. almost matching previous wick... Once that candle closes back inside B.B. then its confirmed to follow trend
3. take profits at Mid way of B.B. unless candles break through Half line w/ no problem, should result in complete crossing of B.B. ( from top - botttomo vice versa)
a Gud example is IF the trending candle closes prior to crossing midway point then TAKE PROFITS Bcuz possible reversal. IF trending candle closes after crossign midway, Hell I still take my profits.... then wait to jusge market at that time, If able to jump back in do so IF not NEVER chase trends. There will Always be another opportunity. Some say count your blessing. I prefer to count my profits, but thats just Me... Too each is Own...
BCH - Bollinger Band Squeeze Setup FormingBITSTAMP:BCHBTC may be forming a bollinger band squeeze setup
As you can see on the chart, the bands are narrowing and the bandwith is low
We want to see the price shoot through the upper band for a long posisition
But ideally, we want to confirm the long position by also breaking vertical support
Let's keep our eyes open on this one!
Let me know what you think.
My value channel strategy ETF investment strategy.
Long-term (3 yr)
Using my proprietary value channel strategy.
Ideal for use with long-term trending ETF's, Index ETF's work especially well.
It is based on a modified mean reversion strategy.
You can use same principles and strategies as Keltner Channels and B.Bands to get started for testing.
However, I suggest you tweak it to what works best for you and your lifestyle and make it your own and that you can trust.
1. Create trend channel.
2. buy on lows. Keep it simple.
3. Add fixed amount monthly, at low swings.
4. Never trade or invest with more than you can afford to lose.
5. Always use a stop-loss strategy.
6. For educational purposes only.
7. I am actively invested in this ETF.
Yes, it works on stocks as well, they must be trending, see tech stocks for example.
Use the last strong trend to create your baseline for your channel.
And yes you can change and update the channel as required. Monthly or Quarterly as needed. The channel is not fixed, but dynamic.
You can use the pitchfork tool or trend channel tool to draw the channels if you don't like to draw lines.
BTG Bollinger Bands LongThe price breakout for Bitcoin Gold is most likely a long with some returns. It is medium to high risk but still very investible until 3rd quarter 2018. While it isn't as investible as $BTC as a short or conservative as long, the potential is higher given more demand breakout. Also the resistance level has potential for a long run maximized trade strategy throughout 2018 to mid 2019. For a short position that is less then 2 to 3 month, it is expected to have higher risks or negative correlations.
XRPBTC Quick GainBB's are the first indicators I spent a fair amount of time studying, practicing with, then leveraging for quick trades. So far I'm at roughly 88% success rate. Here's a quick entry point for scalping. In and out in a short period of time. Please keep your eyes on the screen if you're going to take my advice on this and give it a shot. Also, note that you do need to trade enough to offset the fees as the currency is extremely low cost.
Catching Bitcoin $wingsAs a followup to my last post , this is another way to see if you're catching Bitcoin in a swing.
If the price is way above the Bollinger Bands , it's an indicator that you may want to sell, and buy it back at a lower price. Way below? This is a good indication that you may want to buy. Combine this with the CM_Williams_VIx_Fix_V3_Ultimate_Filtered_Alerts , and this can be another supportive indicator of whether the price is outside of the norm. With this indicator, it seems to me that both the thickness (multiple bars together) and/or length of the green bars are indicators of abnormal price activity.
See previous post for the fuller strategy.