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Exciting and interesting moments. Some mid term scenario's: from extreme bullish to finding the last bottom: Small triggers can be enough to create a fast break out, followed by an early FOMO reaction. We are really close. The other extremely scenario is a pull back to the down trend again. Not a very likely, but there is even a small change we need to finish the Eliot wave and find the very last bottom. I really hope to something in between, so we can build up a strong fundamental base for a healthy bullrun in the next 1.5 year. A longer period for the bullrun is even better to give bitcoin and alts the change to improve their technology and acceptation by institutions and governments. Lets see what comes folks!
BITSTAMP:BTCUSD
by MichielCR
Did you sell into FEAR?? BTC re-test 200EMA today!!Bitcoin had TONS of fear and doubt yesterday, I heard a lot of investors sell their stacks due to fear of going MUCH lower... If you get emotional, you will get SMOKED trading Bitcoin. Have confidence, this market is here to stay with exponential infrastructure being built daily and many, many people putting their lives into Bitcoin's future. Don't fear, play smart, cover risks, and trade intelligently. Never trade more than 5% of your stack!
BITSTAMP:BTCUSDLong
by MSMiner
3
And here's the close-upA close-up to support the idea I just posted, of what might be a last 5-waves down. If the fib channel plays out, we'll see a move up to the 50% line around 1760, and then a move down. Support to break is around 1350 (big significant previous low), and if we pass the that point people will dump their BTS and we dip down to 900 sats levels. Or not! As always, don't take this type of ideas as prophecies - it's just inspiration, possible interpretations to use and then do your own chart work.
Short
by thomasvandenabeele
XLMUSD Reverse Head and Shoulders with 15% UpsideXLMUSD Lumen A small reverse head and shoulders with about 15% of upside to a minimum target at 508 once 445 is re-taken and held with stops below the neck-line when broken. It should then rally to the upper parallel where can look to take profits once this triggers. Until then this is still vulnerable to further sell offs - but slowly resistance looks to be getting ground away and eventually this is looking likely to pop to the upside again. Should be worth following when it does. But not until, unless it flips back down to the lower parallel first, which at this point looks unlikely.
BITTREX:XLMUSDLong
by sumastardon
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.
BLong
by Tradingstrategyguides
8
4H LITECOIN OBV TRADING STRATEGYThe only indicators you need are the following: On Balance Volume or the OBV – The OBV indicator is based on the idea that both the volume and the price activity are equally important. In this regard, the OBV combines both price and volume to show you the total amount of money going in and out of the Litecoin. The main idea behind the On Balance Volume indicator is that the Litecoin price will follow where the volume flow is going, volume precedes price! So, if Litecoin price is moving up, we want to see the OBV indicator rising signaling an inflow of money. Conversely, if the Litecoin price is moving down, we want to see the OBV indicator falling indicating an outflow of funds. We’ll also plot a 20-day moving average which it will be used to differentiate between what is normal volume activity and what it’s abnormal trading activity. The use of the 20-day moving average can also signal how severe the change in Litecoin price trend may be. Step #1: Wait for the OBV indicator to enter into a prolonged period of consolidation at the bottom of the window. In other words, what we look for is for the OBV indicator to spend some time in “oversold” territory. Technically the OBV doesn’t show overbought and oversold conditions in the market but, we only use these terms to describe the OBV location on the chart. The On Balance Volume indicator as the name suggests shows the volume activity, and when we see the OBV consolidating, usually this means the market is in accumulation process. But what is accumulation? Very simple, accumulation is the buying up of cryptocurrencies by the professionals. The buying it’s usually done in a manner that doesn’t attract attention on the price chart which is the reason why we use the OBV indicator to spot when the institutional buying happens. Step #2: Wait for a breakout above the OBV consolidation zone. When the professionals accumulate a cryptocurrency, it will usually trade sideways. The OBV indicator is the best indicator to outline when Litecoin is being accumulated. These ranges are deliberately created by the smart money to use fear and panic to shake out weak holders so they can grab as much of the available cryptocurrency at the lowest price. When all the available supply of a cryptocurrency is exhausted, then the smart money will mark up the Litecoin price or any other cryptocurrency. This process can be best visualized on the OBV indicator when we have a breakout above the consolidation zone created. The OBV indicator performs better if it’s used in conjunction with other indicators as well as your own judgment and common sense which brings us to the next step of our Litecoin strategy. Step #3: Buy Litecoin when we close above the 20-day Moving Average. We’re going to use the 20-day moving average indicator to confirm the OBV readings further. After the OBV indicator breaks above its consolidation and right away the Litecoin price breaks and closes above the 20-day moving average, we initiate a buy order. Step #4: Hide the Protective Stop Loss below the most important support level . Knowing where to place your protective stop loss is as important as knowing when to enter the market. That’s the way you manage risk! The best strategy to apply in this case is to place your protective stop loss below the most recent support level . If the smart money were really behind this move than the support level should hold. Otherwise, a break below will invalidate our market view, and we better be out of the market than fighting a losing trade. Step #5: Take Profit when Litecoin price closes below the 20-day Moving Average or according to your trade plan. We take profits at the first sign that the market is about to reverse. When the litecoin price breaks and closes below the 20-day Moving average, that’s the most appropriate moment we want to take profits or according to your trade plan rules.
BITFINEX:LTCUSDLong
by Tradingstrategyguides