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NXSBTC possible x2 profitTA: - Huge cloud with a very horizontal top edge - We see a triangle that could break any day now - RSI is following a bullish trendline and is trendline is above the 50 level - Stoch RSI about to make a crossover and is oversold - Volume is confirming triangle Strategy: Wait for price break out of triangle(up) make sure it is not a fake breakout so look for some conformation for example check for a volume spike. When the triangle breaks up and is confirmed it is probably also a conformation for an edge to edge ichimoku cloud trade so the top edge is probably going to act as a resistance. Triangle can also break down so wait the conformation!
by fearleasoff
2
Avoid Clipped IntervalsDid you know that the final interval of each day can get truncated if the periods you selected don't fit evenly into a 24-hour period? This can cause unintended and perhaps undetected flaws when you draw lines on your charts. Fortunately, there are 34 intervals that will fit evenly. Here's a list: 720m (12h) 360m (6h) 288m (4h 48m) 240m (4h) 180m (3h) 160m (2h 40m) 144m (2h 24m) 120m (2h) 96m (1h 36m) 90m (1h 30m) 80m (1h 20m) 72m (1h 12m) 60m (1h) 48m 45m 40m 36m 32m 30m 24m 20m 18m 16m 15m 12m 10m 9m 8m 6m 5m 4m 3m 2m 1m
BITSTAMP:BTCUSD
by DesertRat62
Avoid Clipped IntervalsAre you aware that if you select an interval that doesn't fit evenly into a 24-hour span, TradingView will clip the final period so that the next day begins at midnight? This can cause unintended and often undetected flaws when drawing lines on your charts. Fortunately, there are 34 intervals that will fit evenly. Here's a list: 720m (12h) 360m (6h) 288m (4h 48m) 240m (4h) 180m (3h) 160m (2h 40m) 144m (2h 24m) 120m (2h) 96m (1h 36m) 90m (1h 30m) 80m (1h 20m) 72m (1h 12m) 60m (1h) 48m 45m 40m 36m 32m 30m 24m 20m 18m 16m 15m 12m 10m 9m 8m 6m 5m 4m 3m 2m 1m
BITSTAMP:BTCUSD
by DesertRat62
1
Adding to my Long Position in MGPI on MondayMGPI is printing a bullish candlestick over candlestick price bar on above average volume with my momentum/trending oscillators confirming the price move. I am adding to my long position in MGPI on Monday using a limit (GTC-BUY-LMT) order @ 75.06. I will have two trailing sell stops (GTC-SELL-STP) @ 71.74 and 68.99 to protect my initial invested capital in case MGPI does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from January 2017- November 2017.
NASDAQ:MGPILong
by BigWaveTrading
GLOW and my lesson for charting stocksI start by finding a point in the past, unless it's retail, I usually go back about 10 months roughly. Ideally, it's a point in time where the stock hit its lowest price. Retail is such a seasonal driven market that their corresponding stocks behave accordingly; spring time products' stocks, clothing and the Holidays, etc. I like to draw a Begin Watch Vertical Line Marker - let's me know where in time I started watching the stock From there, i'll use the Horizontal Ray tool and mark my lowest stock price and start "telling the story" of its ups and downs. I started my first Begin Watch Vertical Line Marker on 11/28/2016 and drew the red bottom price on that day. That is called the Support Line. Then the stock went up to $0.32 Resistance Line. All stocks want to break the resistance line (go past it) and then have that line be the new Support Line. This stock hovered between these two lines until 01/27 where it broke the resistance line. Once the stock settled and hit its high point, $0.35, that becomes the new resistance line. Five of the next 6 days the price was exactly $0.35!!! And, the stock bounced off $0.32 for those couple days, retesting! ***This becomes the importance of charting your stock*** ***IMPORTANT Remember, investors will always look to the past to determine the price they are willing to pay!!! IMPORTANT*** Between $0.25 and $0.32 the stock hovered and the disparity in price needed a Mid Value Common Line at $0.28, started on 3/20; this is a great line that shows, through many many days, where the mid price of this stock stayed. Over and over again, the $0.28 Mid Line price became the Support Line and held true to this day. Then on 06/01, the $0.28 Support Line was tested again by touching it on the LOW of that day and off it went reaching up to $0.61, before settling with a new resistance level at $0.37! Thus, my Horizontal Arrow was drawn there in green, signifying the money potential. (I did not draw my line on the following day's bear candle because it opened there and did not hold.) 06/14 then saw a virtual repeat of 06/01 and a new resistance level! Plus, it retested the $0.28 price again! From here, you can see where the stock wants to go because your drawn support and resistance lines paint the chart to help determine future price. Add the volume equation; is the volume overwhelmingly bear or bull? This aids in determining the bear or bull trend. What will the stock price be for a possible buy once the bear volume subsides? Never buy until there is a trend reversal with a confirmation Buying Signal. Buying Signal - green bull candle, followed by another green bull candle with higher close + Increasing bull volume ***IMPORTANT Remember, investors will always look to the past to determine the price they are willing to pay!!! IMPORTANT*** REGARDING the RSI - I will defer to a more knowledgeable investor to help explain/understand the RSI indicator (Relative Strength Indicator) If you've read this far, I really appreciate your time and I really hope you find this useful as you navigate through your own stocks. This stuff is fun, and serious money is made utilizing these tools! Major investors follow charts and make their plays accordingly!
G
by mrmaximo74
GRASSHOPPER's HANDGOODDAY BLESSED PEOPLE !!! Here is my ART about NZDUSD. NZDUSD SHORT ENTRY : 0.69250 SL : 0.70400 TP : 0.67200 RISK & REWARD : 1.73 : 2.90 NOTE: 1. I'm a SWING TRADER so for all the analysis I made, took more time for the result. 2. Trade safe, u dont need to follow my TP, take ur profit as long as u want. 3. Always move your SL above profit, there is no reason to risk capital. Disclaimer : this is my trading anlysis, it is not an invite or recommendation to trade.
Short
by RionZealouzsKurniawan
Potential 2X trade on PayBTCHigh risk trade idea here. In my last post, we entered at .006. Target was .001 (23.60% Fib). We reached that target and closed. But because we broke the ascending triangle, a breakout even higher than our target occurred. We closed several daily candles above .001 and are now sitting on that support. If we bounce here, we'll go to .0019 and almost double our current entry price. On the other hand, if we collapse, we'll lose nearly half. Maybe more. Warning! This is a high risk trade. Enter at your own risk. The signs are there but as always, we look to our leader, Bitcoin. Be careful. Don't throw more money at this than your tolerance level will allow. And you may want to wait and watch what Bitcoin does first. Follow my indicators posted in the chart above. Happy trading all!
Long
by stewdamus
7
If Bitcoin does this, we'll go to $4800+Let's play a game. Count the ascending triangles. Do you see them? There are 3. The first two are history. We obviously broke out. We are working on the the third and final. If we break above and close higher than this last triangle, we'll go to $4800. The second ramification of this potential breakout would be the formation of a new BULL channel. I've outlined it in BLUE. This is obviously a steeper and much faster paced upward slope. Confirmation of this final target before consolidation is a close above the third ascending triangle. Watch closely. I will put nothing past these BULLS. ...But then consolidation. Caution is advised. It's coming. Happy trading all!
BITSTAMP:BTCUSDLong
by stewdamus
5
Litecoin move up happened. $57 target. But when?The move up happened as anticipated hours after my last post on Litecoin. We recently hit $50 resistance and ran out of steam. You could've sold there if you were watching or had your trade triggers placed. We have and are now consolidating a bit and will continue to follow BTC before pushing higher. Over the next day or two I expect more sideways movement and possibly down to the $46 support. Be ready to buy here. I doubt we go lower. As a swing trader, my current target is the last ATH of 57.75. I will put in my trade triggers for this target price, however long that takes. I will then sell, wait for consolidation back down to around $52.50 and start my buy back for my long term target of around $75. More analysis will come when the $57 target has been reached. Happy Trades y'all!
COINBASE:LTCUSDLong
by stewdamus
4