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Buythedip

DSONIC, Another Potential Reload??Unlike KRONO which posted quarterly results almost a month ago, DSONIC's results could be coming soon, based on historical Q2 release dates between 24th to 30th Nov. Similarly, DSONIC 's price had also experienced technical correction, and the drop slowed as price approaches support zone. However, beware of #quarter_results_bomb which might cause volatilty in either direction. Bias: Short term bearish, yet moving averages (MA) in bullish formation. Potential entry around 2nd MA, as well as whole number psychological support. Stop-loss: 0.965 // Previous resistance zone could be new support. If this hypothetical support is broken, high chance of stronger bearish correction as 3rd MA is much further away. #QRBombWarning 1st target: 1.18 // Previous high as resistance. May have further bullish potential if resistance if broken. #breakout Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune! Guys, if you like the idea, please "like" it, this will be the best thanks. If you have any questions or trading ideas, please post them in comments! Thank you for your support, we appreciate it. We also offer coaching lessons, PM for details. Public Telegram Group : t.me Our Facebook Page: www.facebook.com
DLong
by ShareWorldConsulting
SERNKOU, Can It Deliver Another ATH?Bias: Bullish. Trading interest in SERNKOU has been increasing since early Aug as seen by the volume , and SERNKOU reached ATH of 0.980 exactly a month ago, on 4th Nov 2019. The correction following that had been so far healthy; there was a small rally after the price touched the medium period MA line. Now, the candlestick interaction with the key fibonacci level could be an oppurtunity. Stop-loss: 0.795 // The recent low point 0.800. 1st target: 0.980, 1.00 // Previous high as minor resistance, whole number resistance 2nd target: 0.520 // Historical resistance as major resistance. Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune! Guys, if you like the idea, please "like" it, this will be the best thanks. If you have any questions or trading ideas, please post them in comments! Thank you for your support, we appreciate it.
MYX:SERNKOULong
by ShareWorldConsulting
Bitcoin bullish scenario. Target - $12245Hi traders! Couple of days ago I posted bearish scenario. Time for bullish outlook for coming weeks ahead. After huge momentum to the upside we actually closed above the trendline which held well over 3 months. Now a re-test of weekly supply is very likely. Watch for that weekly close, do not rush into trades. Better to enter later once we get confirmation. :) Pay attention to the volume and where we bounced of. We have 89 Weekly EMA . It is the most significant moving average in bitcoin. If you take all history that's there and analyze the data, you'll agree with me on this. After analyzing the data, taking into consideration time - I'm more bullish than bearish as of right now. Some points to support my bullish bias: *In macro terms we are in wave V and 5th wave is the most verticle in crypto space. *0.618 fib was met with precision and we bounced hard from that level. We might not get lower than $7200. So our long entries should be located anywhere between $8600 & $8400 . ( Again, manage the risk according to your trading philosophy, less risky - wait for that weekly close and see what's next .) TP - $12240 SL - $7940 This is not a financial advise!
BITSTAMP:BTCUSDLong
by Patrikas10
Bitcoin Buy-The-Dip Bounce Trade OpportunityThere may be a Buy-The-Dip bounce trade opportunity from the Demand Zone. Condition: Strong price move upward in the Demand Zone and stay above it. If the resistance above (8200-8400) can be break through, this Demand Zone can be a medium term bottom. Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern Signals: 3 Blue Ribbons (Strong Support) in 42m -85m If Blue becomes Purple, the support is broken. I appreciate your like or comment. Welcome to share your idea here. PM the author for trial of "9 Seasons Rainbow Multi TimeFrames Pattern". DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
BITSTAMP:BTCUSDLong
by go8686
6
Bitcoin - Bakkt FLOPS & Hash Rate Crash - Part 4Bitcoin Breaks Down After weeks of indecision and what appeared to be a strong argument for $10K $BTC, bear pressure finally broke through the lines and took Bitcoin down hard. The carnage on the charts wasn’t limited to $BTC, however, as all the majors ($ETH, $XRP, $EOS, $XLM) took hits in the double-digits. The surprising and impossible to predict turn of events led to the crypto market looking more like a smoldering crater than an asset class with a bright future. Currently, $BTC is trading hands a shade over $8.1k while a select few majors, like $XRP and $ETH, appear poised to recover some of their losses. Bitcoin shed nearly $2,000 in value before the market had time to blink, leading market observers to seek answers.A flash crash of this magnitude hasn’t been seen in months. Given the relative stability of crypto’s leading digital asset across recent weeks, suspecting the involvement of concomitant factors is certainly warranted. While this week’s losses appear insufferable, they’re only the third-worst of the year. What we’re implying here is that on two other occasions in 2019, Bitcoin has taken a massive beating and recovered. Let’s take a look at what contributed to the market wreck this week. Bakkt FLOPS "Buy the Rumor, Sell the Fact!" There are a million ways to spin the Bakkt debut, but here is the reality. Bakkt flopped. Perhaps belly-flopped is more accurate here. What was a hotly anticipated date – Bakkt’s physically settled BTC futures debut – turned into a dud. It was kind of like finally lighting your favorite firework, watching the flame move down the fuse with indescribable excitement, then feeling speechless disappointment when the firework fails to go off. In its first 24-hours, Bakkt settled a mere 78 BTC futures which, ironically, settled October 2019 futures at below $10K. The immediate market takeaway from the hollow debut wasn’t too difficult to guess – big financial institutions aren’t all that interest in BTC. Or are they? We’re more inclined to think that the situation is a more simple than it seems. Institutions who are ready in the here and now to buy BTC can already do so using OTC exchanges. At this early stage in the crypto game, an institution willing to buy now is already adventurous and probably doesn’t need the Bakkt onramp. We’re not saying Bakkt is pointless, though. What the flop debut reveals is that even though mainstream institutions aren’t breaking down Bakkt’s door yet, they might do so down the line when BTC adoption and consciousness finds real legs. As a piece of infrastructure, Bakkt is incredibly important for crypto. The only thing is, it might be slightly ahead of its time. BTC Hash Rate Crash This is a quickly developing story that is still sans deep details, but here’s what we know! On September 23, the Bitcoin network hash rate plummeted 40% in what was one of the largest intraday hash rate drops in network history. The reasons behind the strange crash are still shrouded in mystery. A high hash rate means miner competition to validate blocks is healthy, which in turn makes the network more competitive and, thus, secure. An increasing hash rate is viewed as bullish, while the opposite is viewed as, well, bearish. Some have speculated that the hash rate crash was caused by a firmware upgrade to account for the network’s incoming difficulty increase. Jeff Brandt, a user posting to CoinTelegraph’s comments section, described his view of the situation: “The explanation is simple. The next diff increase in 2 days will push previous gen S9’s (roughly 50% of the network) below profitability. Last week an unrestricted firmware for S9’s was posted and every large farm operator is working at a feverish pace to get approximately 3 million machines updated. The new firmware has optimizations that squeeze the very last bit of efficiency out of the S9 lowering the watts/thash-sec from 96W to ~80W. Some machines can perform with no degradation to speed, while older machines must drop performance by ~30% to achieve the same results.” The Takeaway Three significant factors colluded to cloud the cryptocurrency market with a gloomy outlook. VanEck SolidX’s ETF withdrawal, a sudden hash rate crash, and Bakkt’s weak debut happened in nearly perfect unison, giving a sideways BTC the motives needed to break down. At this point, we’re watching and waiting for the carnage to slow. Technical analysis Another possibility is that we witnessed the conclusion of wave C in an ABCDE sequence. Meaning that 2 other ABC's will follow (and frustrate a lot of people) I wouldn't be surprised to see this happening in a falling wedge or something similar. Well keep you updated as this timely issue evolves. We go together Together we are stronger Share and like I am not Bearish long term. I am a Bull of Bulls. Thanks God bless you! =============================================================================== Twitter > twitter.com Telegram > t.me =============================================================================== CAUTION! DISCLAIMER Trading is risky. Here s a small explanation about why Im giving insight into my trades. Crypto is all about trust and transparency and that is what ID like to bring. Dont expect me to tell you how much crypto I actually own because thats none of your business. But I Will tell you how big my position will be in regard to my trading portfolio. Secondly and actually the main reason im doiing this, is to proof to all the HALTERS out there that you can earn money with trading crypto. Most people are skeptical about trading because they heard horror stories about people who lost all their money. Follow my journey and let me proof therm wrong. At the end of the day, the most important thing is how good are you at risk control. Booking some losses during trading is perfectly normal, so im not afraid to show those losses. Most traders dont give any insight in what they because they perfectly know they suck and dont have a clue what they are doing in regard to risk management. Risk comes from not knowing what you're doing. Just like every trader, Ive seen ups and downs in my journey. I started trading stocks. And you can guess what that meant for my portfolio. Yes thats right, it was almost completely wiped out. But I pressed on, learned a lot about technical analysis and here we are. I have experience in trading stocks, options, and commodities . So you can assume that I know how to deal with risks. =============================================================================== $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO #altcoins #bitcointrading @btc ===============================================================================
BITMEX:XBTLong
by ferGOD
8
Enjin/Bitcoin MyLongTerm Forecast, important lessons for newbiesI'm watching Alt coin/Bitcoin charts from 2013 to 2019, i will tell you most important things what i learned from it. 1- You cant buy the exact bottoms or sell exact tops. 2- You cant buy right before breakouts. 3- Dont start accumulate before all the well known indicators shows you "its right time to buy" for example weekly EMA-MACD-RSI-OBV 4- Never buy all in any Alt coin. buy daily piece by piece 5- You should keep it mind. your belief will be tested. 6- Never keep your Coins on an Exchange more than 4-6 hours. be obsessed about your coin's security and always use cold wallet. 7- Dont wait EMA-MACD-RSI-OBV confirmation for taking profit. 8- Take your Profits when Bullish Momentum starts losing steam. sell hourly piece by piece 9- Dont be obsessed about selling at top, most of the time you will have another shot. 10- Dont buy back or atleast in same week you took your profit. Best indicator for top : When you really feel amazing about your gains, refreshing your portfolio every five minutes, you think you are very intelligent person and you cant wait to share what you have done with your loved ones; "VERY STRONG SELL" Good Luck
Long
by RobertTheNerd0
Akerna $KERN Coming In That Buy Zone. Fresh IPO (kind of).Akerna coming into that buy zone. Stock IPOed (actually it was a SPAC) at around $11 after doing their last private placement at $10.21. As this is a recent IPO (of sorts) and a cannabis company, I expect this will eventually shake out at 2x the IPO price (around $20) so buy on dips. Why 2x IPO price? Look at high flyers Zoom $ZM, Beyond Meat $BYND, Crowdstrike $CRWD, all trading at about 2x IPO price, based on hype, growing markets, and sales growth. Akerna is Cloud + Payments + Cannabis. They have an ERP software for cannabis supply chain / growers / dispensaries. All the buzzwords. Not sure 100% if the company has a legit future (need to do more research), but certainly I think this thesis is enough to put it on your watchlist.
KLong
by behindthebid
Bitcoin - Weekly update for Sunday June 30th 2019Good morning my fellow Bitcoinistas! I know the weekly close is over 12 hours away but I wanted to go ahead and put out my weekly update so you have the information in advance. I'm going to try to keep this short, to the point, and just hit the high spots. I will add a link to last week's update for anybody not following my work that wants to see the previous updates and how deadly accurate they were. :0) I think we close this week with a green candle, but it will be setting up next week for possibly a red candle. It seems we have exhausted our momentum for the time being and some technical issues need to be addressed before we go racing higher. To whit, there is still a CME Gap down around $8500 that is begging to get filled. Also, the 20 week Moving Average (orange dotted line) is begging for a test for support. The baby blue zero line of the Fib-Channel may need to prove its support one more time as well. Everyone is screaming to go higher, therefore it may be time for a pullback (psychology) etc. etc. In short, the market needs to take a break to satisfy multiple issues. The good news? I don't think the pullback will last more than a few weeks if that long. It is only 3 weeks over to the 20 MA line, $8500 Gap, and baby blue trend line. A perfect trifecta! Does it have to take that long? No. We could have a flash crash today, next week, or anytime between now and the targets mentioned. It is not so important as to when the gap is filled, when the 20 MA is tested again, etc. Its just a matter that these things do happen. For those of you following my posts you know I sold about 40% of my long position the last couple days to pay off the rest of the other 60% of my long position. My trip to the moon is currently FREE and I now have the cash to buy more carry-on luggage if the price is right. :0) At any rate, let me wrap this up. I hope I didn't miss anything. If you study this chart for a minute I think you will see why we are going to pullback a bit. The long wick type candle forming this week, how it pierced the 0.236 Fib line and retreated, the gap that needs to be filled, support that needs to be retested. THE 40% CORRECTION everybody says we need, etc. All these conditions get met if we go down to at least the $8500 area. If we do see those prices, I don't think we will stay down there very long. Have your orders ready if you want to add more BTC because it may be the last good opportunity under $10K. (In your life time) I firmly believe this. Once these technical issues are satisfied the price will take off again. If people miss it they will lament about how they woulda, coulda, shoulda, backed up the truck on this next dip. But I say you're either ready or you're not. You either have a plan or you don't. For those who don't like to trade, now would be a good time to setup a dollar cost average plan. It's still a plan. Just buy x dollars per week, month, etc. and walk away. It doesn't get any easier than that and the future rewards could be tremendous IMO. The potential gains a year from now are ridiculous! At any rate, these are just my thoughts and opinions, not advice. Everything could play out as I expect or none of it could even come close. Do your own research and study the charts, news, technical indicators, etc. etc. so you can make an informed decision on what steps you want to take next. No matter how you play this crazy game I wish you the best of luck. BBS out!
COINBASE:BTCUSDLong
by BitcoinBearSlayer
4
Sawcruhteez Strategies: How to BUY THE DIP Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process Throughout the past six months I have been calling for a return to $1,000. I was convinced that $3,200 was not the bottom for a number of reasons and now it appears that I was sorely mistaken. There are two types of mistakes when it comes to trading, ones that cost money and ones that cost opportunity. By not buying in during the first quarter of 2019 I missed out on some huge opportunity, but I didn’t cost myself any capital. When close to the top or the bottom of a major market cycle it is very important be okay with missing out on opportunity. Many who bought sub $4,000 also bought when the price consolidated $6,000 and took a stop loss when it broke down. Many did the same at $7,500, $10,000 and $12,500. After accounting for the losses, buying the bottom is often far less lucrative than it may seem. I was selling those prices and now I have the desirable opportunity of buying back in cheaper, eventhough it is far from the lowest prices of the quarter. I believe that there is a 75% chance that the bottom is in. That percentage will increase to 100% if we can put in a solid higher low above $6,200 and then a higher high above $8,200. Those chances are more than enough for me to start scaling in. If we do get a higher low / higher high then want to be fully entered. Everyone tells you to “buy the dip” but most do not go on to explain how. I will be using a combination of Dollar Cost Averaging and dip buying in order to increase my exposure to Bitcoin. My full strategy along with multiple additional options are outlined in this two part post. The topics covered will be: Buying the Dip with Moving Averages, Buying the Dip with Trendlines and Fractals, Dollar Cost Average by Time, Dollar Cost Average by Price, Daily Dollar Cost Average, Psychology and Risk Management. The first part will cover tactics for Buying the Dip The second part will cover Advanced Dollar Cost Averaging Both parts will touch on Risk Management and Psychology Buying The Dip With Moving Averages My preferred approach is using Exponential Moving Averages to scale into a dip when the asset is in a confirmed bull market. I also use EMA’s to determine the trend. If the 50 W EMA is moving up, with the price above, then it is a confirmed bull trend. After determining that the trend is bullish I have decided to increase exposure. Now I will use the 50 and 200 EMA’s and zoom into the 1D and 4h charts in order to time my entries. Using those areas of support I will set Good-Until-Cancel Limit Orders. In general I will do something along the lines of: 4h 50 EMA: 10% 4h 200 EMA: 20% 1D 50 EMA: 30% 1D 200 EMA: 40% 4h EMA DCA 1d EMA’s As price decreases I increase the exposure and improve the cost basis. Ideally the price will spend very little time below the 50 Day EMA. Instead I would want to see a sharp bounce from the 200 EMA and a close back above the 50 EMA. If the price spends much time below the 50 Day EMA then it will roll over and there would be a large risk of a death cross. When buying the dip using EMA’s I do not like having a set stop loss on the books, in the event of a spike low that would wipe me out right before the bounce. Instead I will use the death cross as my stop loss, as well as a potential area to flip my position and go short. This is why it is important for the price to rebound sharply after testing the daily EMA’s for support. This is less likely when the EMA’s have only recently crossed and have not established a proven trend. Recently crossed EMA’s are the first sign of a reversal, they are too immature to be considered an established trend. Therefore I will be quick to exit my position if the price struggles to stay above the 50 and 200 Day EMA’s, which currently waits in the $5,000 neighborhood. Do not assume that the Moving Averages that I use are the best. Different durations should be used for different assets and different time frames. In general higher volatility calls for shorter term MA’s or EMA’s and shorter time frames do as well. I prefer Exponential Moving Averages because I have found that they are better at identifying areas of support and resistance and they also tend to provide less false signals than Simple Moving Averages. To learn more about using Moving Averages to signal entries / exits and identify areas of support and resistance refer to: Deep Dive Into Consensio with Tyler Jenks Confirm Entries with Horizontals and TL’s As always it is important to confirm entries with other indicators. My favorite indicators for buying dips are Exponential Moving Averages, Horizontal Support, and Trend Support. When those are all in confluence then it represents a low risk, high probability opportunity to buy the dip. It is quite common that those areas of support line up with one another. If the price is in a confirmed bull trend then the EMA will be trending up with the price above. There will often be a trendline that is established from the higher lows that is near to the EMA. There are currently a number of trendlines that can be drawn on BTC and we notice that the 200 EMA on the 4h chart is slithering right in between two of them. The 200 Day EMA is doing something very similar with the two lower trendlines. This is exactly what I like to see. It shows that we are in a strong trend and that there will be a ton of support waiting on a pullback. What is even more important than trendlines is areas of horizontal support. These can be drawn using prior areas of horizontal resistance. I strongly prefer using the weekly chart when drawing horizontals because the important price points usually become much more clear. As we can see the buy areas identified by the 50 and 200 EMA’s on the 4h chart and Daily line up exactly with areas of prior support and resistance. This is very important confirmation for me when I plan on Buying the Dip Using Moving Averages . If the entries are not in line with horizontals then I will make adjustments to my orders or pass on the entry entirely. Seeing a confluence of demand is very important to me and I will always use Trendlines and Horizontals to confirm entries signaled by the Moving Averages. Let’s consider the entry price if price pulls back to $5,000 and all of the orders get filled. Assuming that I have $10,000 that I want to enter on this dip: 30% at $5,800 40% at $5,100 20% at $6,200 10% at $7,250 Average price = $5,681 The gameplan would be to exit if the 50 and 200 Day EMA’s do not support the price and instead get a death cross. That would need to happen with the price below $5,000 and I would expect to exit in the $4,800 neighborhood. That provides a 15.5% risk. This would be done with the assumption that we are entering the next bull market and the upside provides a risk:reward ratio that is good as it will ever get. However, keep in mind that the numbers outlined above will change every day. The EMA’s are moving up every day that the price moves up. Therefore the entries prices are slowly getting worse and the risk is slowly increasing. Furthermore the $4,800 exit is only a projection and with the volatility in BTC anything can happen before the EMA’s recross. Therefore it is extremely important to fully understand the risks of employing this approach. This is an important concept to be aware of. Many people will target a specific price when looking to buy a dip. In reality the price that one should be willing to pay on a dip should increase as the price continues trending up. Buying the Dip Using Trendlines And Bill Williams Fractals Many people are not comfortable with the approach outlined above. I was recently on Tone Vays podcast and he objected to the idea of leaving a Good-Until-Cancel Limit Order on the books to buy a dip. His perspective is perfectly valid and goes to show how there are different strokes for different folks. The approach outlined below is for individuals who prefer to wait for more confirmation of a reversal, following a dip in price, opposed to leaving open orders on the books. This approach is also preferable for individuals who like using set stop losses which provides a more defined risk parameter. A very simple and effective way to identify bull markets is with a bull trendline. As long as price is making higher lows then there should be a best fit trendline that can be drawn to identify areas of support. When price creates a higher high and then pulls back towards a trendline it can represent a great opportunity to establish / increase long exposure. This is usually a lot easier said than done, as is often the case with trading. One of the best ways I have found to time entries when the price is at / near a trendline is with Bill Williams Fractals . Fractals below the price are referred to as down fractals and it is a five candlestick pattern which occurs with the lowest low in the middle and two higher lows on either side. A more aggressive approach only uses three candles, with the low in the middle and two higher lows that surround it. This is another tool that is very simple and can be very effective when combined with trendlines. It provides confirmation that the trendline held as support and that the price is ready to go higher. It also provides a great area for a stop loss, especially on higher time frames. If a down fractal gets violated, even for a moment, then it provides strong confirmation that the trend(line) is broken and therefore a stop loss is warranted. In crypto there are many stop runs and traps. Even those generally fail to violate fractals on the higher time frames, and that is why I think they are a great way to set and trail stop losses. When getting a fractal near a trendline I will look to enter on the second candle following the low, if it trades above the previous candle at any point. This can be done with a Stop Buy Order that is placed right above the high of the first candle that follows the low. This could also be executed with a manual market order as soon as the entry is confirmed. Either way a stop loss should be immediately entered right below the newly printed down fractal. That stop loss stays in place until it is triggered or a new down fractal is established. The stop loss should be trailed just below the new fractal, as soon as it prints on the chart. This is done as a way to keep you in trades that are moving in the desired direction and to immediately exit at the first significant sign of a reversal. If a down fractal is taken out then that generally will represent an established lower low. If that happens on the daily chart then it can often be a good time to exit long exposure and wait to see what happens on the correction. That is especially true on the weekly chart. These entries can also be confirmed with the TD Sequential. If you get a down fractal following a trendline test then a slightly more conservative approach would be to wait for a green 2 trading above a green 1 before entering. This provides further confirmation that the swing low is in and that the price is ready to continue the previous bull trend. This will usually get a worse price than entering on the final candle of the Bill Williams Fractal, however it will often provide a higher probability entry. It is up to individuals to decide for themselves if they prefer going for the best price, or the highest strike rate. When looking at two very viable options I always prefer to go with some sort of combination. If looking to enter X then I believe the optimal strategy is to use the fractal to enter 1/2X and the TD Sequential to enter the other 1/2X. This means I will only be fully entered when the price is moving in my favor and will also limit my exposure / risk when price moves against the first entry. Those are my two preferred methods for Buying the Dip . I find them to be very effective and most important they are approaches that I can trust in the heat of the moment. It will take time and experience to gain trust for any trading technique, that is why I always strongly encourage people to start small, but think big. Eventhough I have learned to trust my dip buying tactics, I still do not employ that approach exclusively. For a number of reasons, primarily psychological, I prefer to compliment my dip buying with consistent Dollar Cost Averaging. This helps to alleviate anxiety when the market is running away from me and is a great way to remain patient while waiting for a dip that seems like it may never come. Furthermore it is a good way to hedge myself and ensure that I am increasing exposure if the dip I am expecting never does come, or if it doesn't come down as far as I'm expecting. Those topics will be covered in depth in the next post titled - Sawcruhteez Strategies: Advanced Dollar Cost Averaging.
BITSTAMP:BTCUSD
by Sawcruhteez
6