Cryptocurrrency
BTC Hourly EquilibriumCongrats bulls! Huge move yesterday and currently seeing healthy consolidation.
We currently have a higher low, lower high pattern forming on the hourly as we find a healthy range at these new levels.
Bulls currently remain within striking distance of a new all time high.
Higher highs will be a bull entry signal with the lack of resistance we are seeing in the upper $5 thousands.
Bears can drop hundreds of dollars very quickly so stop losses are essential.
Bitcoin Entry into Zone current $4410.00 3Oct17As previously forecast IN ADVANCE,we are entering into the Zone (no not the Twilight Zone).
We have traded this CORRECTLY and with PRECISION
The Resistance and Support Levels have been provided for you on the short-term (daily) basis and it should be self-explanatory.
For longs: I would suggest not entering a new long position at current prices as the Risk-Reward is not in your favour. Existing longs can close with a profit or hold with a trailing stop.
For shorts: There are no sell signals as yet so be patient.
I remain bullish until structure changes. We are still looking to hit our target around the $4,600 mark on the Bitcoin long trade I posted awhile back.
Professional Advice:
There is a time to trade and there is a time to WATCH and OBSERVE. Guess what time it is now...
Trading requires alot of patience and then fast and immediate action when a high probability setup is presented ( like a lion stalking his prey)
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Dash Long current $352.35 28Sept17Dash Long - Risk Reward approx 3.5:1
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is your full responsibility, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up my valuable time providing analysis to you please respect that I am providing it free of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please don't disrespect me or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Ripple (XRPUSD) Long current 0.18431 27Sept17 Ripple breaking out with support and positive momentum
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is your full responsibility, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up my valuable time providing analysis to you please respect that I am providing it free of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please don't disrespect me or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
LTC Clear Tightening Pattern4 hour descending triangle continues to tighten.
ETH in a similar pattern but much closer to breaking downtrend resistance.
Looking for a clear break of this range sometime in the next 24 hours.
Bulls have slight momentum but still have these key resistances to get through to give convincing movement and confidence.
[FLO/BTC] Altcoin 7:1 risk rewardFirst thing to consider is the volume of this coin, therefore the size of the position - it's a smaller coin so you should watch for 5 figures orders, you might get stuck.
A week old up trend has just formed and the Stochastics show it's extremely oversold and also it approaches a very solid resistance drew by fibonnaci's retracement.
Wait for first candle to close above the support and set a buy order 1000 satoshis above it, if it fails to bounce you're safe. Watch closely because it might bounce a little before too.
BTC possible hourly Bear FlagYesterday the bulls spent all day building support, seeing higher lows and higher highs, and a 4 hour bull MACD cross.
We then saw a bear attack and a fast dump last night, potentially from the WSJ in the US being very late to the game but reporting on the Chinese exchanges.
We are back to the bears in full control, and the bulls trying to cling to freshly established supports. $4,000 would be next.
4 easy ways to earn profit using Bitcoin.Not everybody knows that it is possible to earn profit using Bitcoin using several ways. This forecast is unlikely to help you in such areas as:
-Mining
-Buying
But the forecast can be very useful recommendation for directions of:
-Forex trading
-Binary options trading
If you want to go into the depth about the last two points welcome to my online educational lecture and enjoy the possibility of asking questions on live session.
[BUY SIGNAL - 15:1 RISK REWARD ] OmiseGO/BTC Ascending TriangleThe pattern is formed backed by a strong up trend(short, middle and long term), plus the rumors about china ban are being "cleansed" and the whole market is stabilizing and ready to go back to it's strong up trend. Also the ATR shows a good chance of a sudden and strong movement - so a good risk:reward can be achieved in a rather safe trade judging on how loose you go in your buy zone.
NEO Breakout NEO bulls were just waiting for some confidence the low of the fear dump was in, and news provided the catalyst.
Caution of overbought conditions as we consolidate.
News breakouts are a great opportunity to flip and reload more coins.
As I write this hourly RSI is still mid 80s as we form a bearish reversal spinning top candlestick, though still 35 minutes until the close.
Looking for the daily chart to start a new uptrend with a higher low forming on consolidation.
ETH Hourly Bull Flag attempt. Very healthy consolidation but the bulls rejected on their attempt for continuation.
Cautious up here as we are looking for consolidation on the 4 hour chart to begin after a very bullish move overnight did not see much consolidation.
Target of low $340s +$10 hit from the video last night.
Very telling next hour watching the current consolidation range as our guide.
LTC hourly Bull Flag AttemptBulls close to a breakout from the bull flag but were rejected, having us cautious. Need to break 80.66 for continuation.
Watching for a daily equilibrium pattern which would mean a lower high being set today.
Still the lead bull in terms of gains from the bounce, as well as the first to break the high of the bounce yesterday.
BTC Hourly Bull Flag AttemptBulls had a great night after breaking the high of the bounce previously set, and seeing strong continuation.
The 4 hour bull MACD cross gave the bulls confidence for continuation.
Scouting for an equilibrium pattern on the daily which means a lower high forming sometime this morning/afternoon.
LTC Bulls the StrongestVery strong recovery compared to the BTC and ETH.
The correlation is strongest with ETH but there is much more resistance on the ask for the bulls to work through in ETH.
Bulls are quicker to buy the dip in LTC than other names after coming off that huge run towards $100 recently.
Loss of hourly higher lows is a big red flag but the bulls are currently comfortably over the last higher low.
BTC Still Trying to BounceWe were anticipating a higher low on the hourly overnight, which we got, but there was more bear volume than bulls would like.
It has been a slow and steady recover since then, as the bulls have their sights on the high of the bounce.
Very cautious at this point and a break of the hourly higher lows will indicate the bears are back in full control.
Currently cash and cautious after a little ETH flip this morning.
