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Awaiting Re-entry signal on XRP/USDWe exited our previous XRP trade yesterday with a 18% profit, now we're looking to re-enter long on a re-entry signal (if it comes..). The previous trade was entered from a 4HR setup and break of the trend breakout level (1), and exited off a weak overextension signal (2) and the following candle's forming hammer off resistance. Looking for a re-entry signal to re-enter the 4HR trend, ideally around (3) which is around the daily kumo. If we get the signal (just like at (5)), we place a conditional entry order just above that candle (or the candle before that, depending on price action). The blue line at (6) is the re-entry level. First target resistance is the same resistance as last trade at (4). Daily Daily chart is on a kumo breakout, but no trend setup yet. If we get a rejection from the daily kumo we will most likely get a clean re-entry signal on the 4 HR That's the plan, set alerts, and close the charts :) To get access to the indicator and try it out, please go here: Like and subscribe if you enjoy our work! Stay calm, and happy trading! ZenTrader
BITFINEX:XRPUSD
by DariusZen
Weed Stock(Aurora)! Watch CloseAurora Stocks are going to drop within the next days in my opinion. the reason i think that is because I have been watching the charts and watching the news and this is what i found. I have found that no matter what anyone says about a weed stock, it doesn't matter the majority in weed stocks are the people who don't know how to get into stocks and they are super easy to predict. the way to predict a weed based stock is that if the stock goes up past around 10% jump off. I say this because having a bunch of amateurs on this kind of stock is that once they gain a-lot of money on it as it is going up they get scared and jump, by doing this the shock then become short and everyone jumps together. So the best place you can be is the ones that jump at about 25% of the majority of the stock has jumped before you because once the stock beings to drop people stop buying and once the buying stops the stock goes straight down but if you jump to early you may lose capital by jumping before sales have stopped selling. So my opinion and my long term analysis is that jump at about 25% when the buying stops and then jump at the peak. - Jon Matthews
AShort
by matthewsjonfredrick
BTC Actual possibility, what's going on ? Hello, Kyushu here ! I'll be posting my technical analysis from now, as it allow me to clear my mind by writting what's going on the market, and in the same way it could help you to figure out "what's going on" ? Let's be clear and start straight to it, the market is quiet difficult to understand as we are getting close to the end of the krash ( to my opinion ), so we have 3 options here It's been now 10 days that we are in a kind of a range OR a bear flag, which could have turn into a bear trap but it doesn't seems to be really the case anymore as we have drop back today to the lower part of the chanel and break it... but the break is clearly showing some sign of weakness. So i would say that until we don't break the blue chanel as a support arround 6100-6250, this area have to hold, if not, as a bull you don't want to see the price break down to 6k because in a short time it could break the 5800 and reach the 5200 - 5000 lower part of the chanel ( which is the red line scenario you can see on the chart ) To be clear, as english is not my first language, here are the possibility and i'll process like that in the next update and TA i'll made. BLUE LINE = 40% - We have to see a bullish reaction on the 6100-6250 area ( max 6050 ), otherwise it could turn to a range and lead probably to a drop BLACK LINE = 50% - Even if we have completly eat the whole 10 days up by a single red candle, it could really be just a matter of a big range, which would explain why the market is so painfull to analyse and in that case, you better stay out untill a decision is taken RED LINE = 75% - I do have faith in the blue line scenario, but indeed, i cannot ignore the real possibilty of a panic movement that we finally lead us to the end of the krash ( hopefully ). To remind the area for the red line are arround 5k8 first than 5k2 5k, if we manage to break the 6k support That's it for now until the market decide to show something else, it help me to put this on a note, so if you appreciate my TA, feel free to follow me, more stuff will come. If you doesn't appreciate my TA, i'll be happy to read your comment and discuss about your though if you want to, otherwise, a thumb up will be appreciate, thank you ! Kyushu
BITFINEX:BTCUSD
by Kyushu
2
The World's Simplest Profitable Strategy Tron (TRX)A lesson on the golden cross and the death cross. Very simple strategy on the 1 hour chart. (works on all time frames) Look on the chart and you'll see we have two ema's. The orange is the 50 ema and the blue line is the 200 ema. Golden Cross: when the the 50 ema crosses the 200 ema, resulting in the 50 ema being ABOVE the 200 ema. Death Cross: when the 50 ema crosses the 200 ema, resulting in the 50 ema being BELOW the 200 ema. During an uptrend the ema's act as support During a downtrend the ema's act as resistance So when we see a golden cross, we buy. When we see a death cross we sell. Sounds simple right? Well that's because it is. To make this more effective we use the RSI to find divergence. Remember that divergence is when the price and indicator are moving in opposite directions. Bullish divergence: RSI making higher lows, while price is making lower lows Bearish divergence: RSI making lower highs, while price is making higher highs If we are in an uptrend and we see bearish divergence then we sell. Vice versa for a downtrend. In my opinion bearish divergence is more reliable than bullish divergence. This strategy will not give you sell buy or sell targets. It simply tells you whether the price is moving up or down. Does this strategy fail? Yes of course, no strategy is perfect. You will lose money at times. But you will make way more than you lose. It is very simple and when used with RSI it can be very profitable. You will get false breakouts but that's why we have a stop loss. You may get several false breakouts in a row but all you need is a nice uptrend to make huge profits. First trade on the left would have made you a 40% profit if you used the RSI to find bearish divergence. The second one 50% using the death cross And the last 5% using RSI On the first trade on the left had you waited for the death cross you would have made as low as 3%. This why finding divergence is crucial to being profitable. On the last trade had you waited for the death cross you would have lost money. So use the RSI when trading. Again use the RSI. Always try and catch the cross early but never ever ever ever anticipate the cross. You only buy when they cross. Not because you think they might cross. Stick to the strategy and nothing else. Be emotionless. You buy when you see a golden cross and you sell when you see bearish divergence or a death cross. To conclude this strategy is beginner friendly. Very simple and profitable. In my opinion stick to a few coins and that's it. Sure ETC surged after the Coinbase announcement but so what? Move on. Don't go chasing after it. Stick to few coins to actively trade. You can have as many long term coins as you want but stick to few that you actually trade. You'll be more profitable doing that than jumping from coin to coin trying to get every uptrend. Be patient and you will succeed. So if we look at where price is now, there is no reason to be in a trade. 50 ema acting as resistance. Wait for a golden cross.
Education
by Yo_adriiiiaan
17
GNX Breakout??GNX has just broke its downtrend line on increasing Bull Volume. Its slowly creeping over the 16,36 ema's on the daily (usually used as support) with a Bull MACD cross also on Daily. Look for breakout of .305 on good volume Continuation here will keep the Weekly lower highs intact and continue the Bull run. Be wary of Daily RSI as we may see it get extended into the over bought range on a good move with solid volume. This would probably bring us more inline with T2 on the chart before some consolidation. T3 is long term target.
GLong
by gillman_hugh
ZCASH (ZEC) POSSIBLE BREAKOUT? Keep an eye on this!ZEC is looking great, symetrical triangle with no hidden bearish or bullish divergence. How are you able to profit of this trade? Just follow the price! Look for a bearish or bullish breakout, its a very easy TA to do for beginners. Keep an eye open, if the volume increases and a breakout is happening, short or long, depending on the side of the breakout. I also added a possible elliot wave, however this wave looks off since it doesn't follow the "right" trend. So i don't think we are in a correction yet, but that this is simply the first, extended, elliot wave. The ZECBTC chart is looking great too, it looks like it has hit a double bottom and wants to go up on the daily chart, and on the hourly chart we can see a symetrical triangle with hidden bullish divergence using RSI. Profit level: 411 dollar (.382 fib retracement) Buy in level: breakout Follow and like this chart for live updates regarding breakout! You're an adopter, you deserve this.
BITFINEX:ZECUSD
by JaimeKing
XRP EASY MONEY! Another 20-50% gainer This is Regalia, the Oracle, the King of all Trades! MASTER OF CHARTS!!! 1st 100 viewers of this chart I will make you RICH! hahah jk jk jk. I kid. Here is another no bullshit, easy to understand TA. You can always look to me as an honest reference amidst the LAMBOs, Yachts, glam and glory crypto analysts tend to portray. I am just a 25 year old kid trying to buy my dad a new kidney. As always, I won't post a chart unless i have money in it :D So i'm in the trenches with you all! Some of you think I recycle my charts off of others....HMMMM no. :P I call the market as I see it and i share it in advance with my team. Here is my private XRP chart drafted from 4/2 this month. 100% accuracy. Haha easy money on XRP :P I have been in this coin in upper 6k and lower 7k satoshi. I have been sitting on this chart for about two weeks and it was shared with my private telegram group with whom everyone bought in. I did not think it would hit our targets so quickly today :) not a big deal. I release my charts and signals ahead to my group chat are we are watching this coin develop further. XRP has two exchange listings this month. One of the 16th another on the 30th. Also releasing their western union payment app. It is developing and forming the right partnerships. I have missed the opportunity to invest in this coin when it was $0.18 cents :P and it ran all the way to $3. Sure it is a centralized coin, but in this current market of regulation XRP is poised to fall in line 1st for mass adoption from corporations and big banks. Say what you will, people will always chase the money. Trade Analysis: Bullish divergence over several weeks. Gonna be a BIG pop! Buy: I will make adjustments to the chart but for now you can set your buy's in mid 7.5k range. Sell: T1 8.5k satoshi T2 9.5k Satoshi T3 10-11k Satoshi Easy position trade for easy profits. Already up 13% for 1-week low-stress hodl. Ready for more! Also! My team and I have a crypto conference call this Thursday, if you are interested in joining feel free to PM. Good luck and Happy Hunting, Regalia
Long
by regalia
9