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Crossover

DDD: Buy the breakout and the crossoverBackdrop Since the positive pre-announcement of last week, the stock has popped and broken its up-channel resistance at $12. All the while, the SMA 50 has crossed the SMA100 to the upside, providing a "golden-cross" positive cross-over setup. The stock has since given back some 8% - Been waiting for it to consolidate towards the resistance-turned-support. Trade setup Today, it looked compelling to buy the shares, which were further consolidating in a weak market. Purchased DDD at $12.15, just above the support. Expect the target to be reached in 4 months. Risk analysis Target $16 Stop $10 R/R 2x
NYSE:DDDLong
by HAL9000
Impulse Wave | Buy the Breakout IdeaThere is a possible impulse wave in progress. The 21 EMA is approaching a crossover with the 55 EMA. Let's see if price pierces the 100 EMA, which will become a support if successful. Strategy: Buy breakout of wave (1), then ride wave (3). Once target has been reached, a trailing stop loss may provide greater returns. Long position details: Time-frame - 10 hours to a couple days Risk/reward ratio - around 2. Entry - slightly above wave (1) Stop loss - slightly below 100 EMA Target 1 - 100% Fib Extension (slightly below resistance line) Target 2 - 168% Fib Extension or trailing stop loss after Target 1 Other possibility where downtrend continues below the wave (1) low, but will have to break the long-term uptrend again in order to do so. This post is an idea and not financial advice. Remember to trade safe!
BITFINEX:ETHUSDLong
by madwarrior
3
Ripple (XRP) Long-term Trend Analysis. Which Direction Now?I've been long BINANCE:XRPBTC since November of 2017. It's pretty different than other cryptos, at least in a sense. The long-term goals of bringing efficiencies to the bloated traditional financial industry, in my opinion, means that BINANCE:XRPBTC has nowhere to go but up in the long run. We've seen major movements as BINANCE:XRPBTC rapidly moves on the charts, making it very difficult to predict prices movements. So as someone that looks long-term on this trade, I'm not looking to trade every little movement, but the longer trends that we can see using volume spikes and moving averages. The cross that we saw on the 10th did not have the volume behind it that previous crosses have had and the price is right around the initial cross point. I'm going to keep an eye on BINANCE:XRPBTC here. I'm not convinced that we'll rally again, only time will tell. I'd like to hear your thoughts on BINANCE:XRPBTC ! Will we see a rally or are we going to see a dip? Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
by dsgorthy
5
BTCUSD - Bitcoin likes to dump and run. RSI - MACD bearishBitcoin is nearing a critical point. One of the key elements of this TA is to view the chart on a Logarithmic Scale not Linear. If you right click in the right hand scale and select log scale it will toggle the scale type. The yellow trend line(TL) is taken from a weekly chart. Price has remained faithful to this trend line but many traders still may be looking at price from a different perspective (linear scale) which may explain why price is sluggish and going sideways now. Notice patterns in the past where bitcoin price makes a more violent drop in price and quickly rebounds into a new impulse wave. I don't know if we will get that type of play at this intersection; although RSI and MACD are still showing bearish signals. RSI has yet to cross the "oversold" territory (below 30) and MACD has yet to post a crossover reversal signal. If you are trading these signals you're still waiting for a capitulation in the market and a classic Bitcoin dump and run. At any rate make sure to pay mind to the mid-term counter TL and the long term TL. -Jared
COINBASE:BTCUSDShort
by ActiveCrypto
BTC Short Term Bounce?Whenever, the price goes up or down too fast, the price almost always retraces. Bitcoin has gone down 20% over the last two days, and is looking to make a short term bounce. A quick glance at the RSI and we see that it has broken the former trend line, which now is the support line. The RSI is no longer in a downtrend, but starting a uptrend. There also a cross over on the MACD, indicating the bears are losing momentum and can't drive the prices lower. At the bottom, we see a long doji candle. These type of candles are often a powerful reversal signal. In addition, Bitcoin failed to made a higher low, which could mean that the downtrend is over. Possible Trade Setup: Stop Loss: 13700 (Slightly lower than the current low) Target: 15740 (upper trend line in descending triangle) What is a cross over? www.google.com What is a doji candle? www.google.com
BITFINEX:BTCUSDLong
by aoeuaoeu
VRX excellent potential 2018 Swing Trade to the Upside, On WatchThe 50ema is crossing above the 200ema for the first time since early 2016. The shaded box region is where past 20 day highs are at, forming this potential support zone. There are two potential buy options for this setup. As you can see, the R:R on the pullback presents a much better payout than the breakout option. You simply have to decide whether you can handle missing the trade entirely if you want the pullback and do not get it. Studying the previous breakdown after the crossover in 2016 is an excellent place to start. Another option is setting up a stop limit order to buy on the break and cancelling it if price instead pulls back to the pullback zone. I would not quite call this enough consolidation yet for a breakout, but another few weeks during the slow holiday season could be enough to be an excellent opportunity in early 2018. Option 1 is price pulls back from here into this blue shaded region, and upon whatever confirmation your plan dictates you need, you have an excellent pullback long opportunity. Option 2 is price consolidates up near these highs and you are forced to simply buy the breakout. Looking back to the previous 50/200 crossover, the breakdown was the only entry. If that happens, the stop should start below the pivot low of the consolidation, currently under $19.01 plus whatever amount of cushion your plan requires you to give. ST Targets would be near round numbers of $25-$27.50 MT Targets would be near weekly peaks of $31-$32 LT Targets would be upwards of $50 but this would require a month to yearly target. As always, every trade carries risk, size appropriately. This type of analysis is predicting what could happen so that if it does there is no chance of being unprepared and missing the entry. This in no way guarantees success on this trade, but without planning your trades, your trading without a plan. And that is not something that can work long term. If you do not have a plan or know how to size a swing trade properly, check out our website at customtradeplan.com where we show you how to plan trades before they setup so there is no uncertainty with what to do if it triggers. GLTA, Trade your own plan.
VLong
by CustomTradePlan
1
such currency, plz buy, to da moonDogecoin is currently forming an extremely bullish falling wedge, and the price just broke out of it. The bears are trying to push the prices lower for the past month, but couldn't push it any lower. That means the bulls are about to take over and drive the prices to the moon! If you look at the past, each time a falling wedge is formed, the price exploded. The same thing will likely happen again. The RSI is starting to flatten out and curve up, forming the shape of a bowl. The MACD just experienced a major crossover. The momentum has shifted! The price could potentially double or triple!
DLong
by aoeuaoeu
2
Is this too simplistic for day trading?I have been trying to get into TA for a while now, and the more I get to know the more confused I get with all the different patterns, technical indicators and everything else in TA. I like simplicity for trading and the one thing that has been consistent for me is the 'crossover' indicator. When the 10 day EMA crosses below the 20 day EMA then it's time to sell, when the 10 day EMA crosses above the 20 day EMA then it's time to buy. I also look at the one hour chart with the 10 and 20 day EMA to determine the longer term trend and use the 15 minute chart to find the entry points. For longer term trading I would use the one hour chart using the same system. Is this way too simplistic as it's the only thing that's working for me at the moment.
BITFINEX:BTCUSD
by StevenAitchison
8
GBPAUD UPCOMING 4H SHORT ORDERGBPAUD - 4H TREND FOLLOWING STRATEGY GBP is losing momentum over a few pairs from current uptrend. Lower highs are being made. MA gaps are closing and should cross and stay below MA60 indicating new downtrend. Currently looking for a test of resistance MA40 below MA60, with a bearish conformation candle for entry. Additional strength to theory - Entry from resistance of MA40 would be after a break of the current major support line. SL - Placed at high of previous 4h candle EXIT - When price crosses back above MA40 and closes
Short
by RenkoBuddy