Entry
Cardano analysis: 30% profit target.Very strong support zone, doubt it'll crash through. Strong resistance at 5900. However this was tested several times now, so I expect it to break this time.
I'm setting the target at the resistance after the 5900 resistance.
Remember to set your stoplosses when you enter: markets can sometimes be irrational.
If I made you money, please consider buying me a beer to make my day:
LTC: LfbKuDHZaDTRUV9pXJuWCUcG14XLrGtBcs
ADA: DdzFFzCqrhsfoyxqADKYK7mMAMpoMUqjuNeN39aJZx6v2ZHnBxuC79p8QJWJ713mAmRHxF9hS87YKMkD4JLF1rdxLU7ugzRtViBETfWa
Feel free to ask me questions or to ask me to perform my analysis on a coin of your choice.
Happy trading!
LTCUSD entry opportunity | Will fly soon?There are more things to consider when looking at the current LTC chart. First, we have fallen into the original uptrend channel and we are close to the support line, which is actually a good entry point. However, this also seems like a falling wedge so if we are not able to breach the blue marked line, I would wait as we are likely to fall down to 140. At $140 LTC is a bargain even considering BTC is likely to fall below 10k as well.
Entry point: 165-170 USD
First target: 210 USD
2nd target: 250 USD
Stop loss: 133 USD or HODL.
Happy trading.
Gold_GC_Short_Double Top with Gaps_Too good to miss!Gold is forming a double top that looks awesome! GC has a historical pattern of double topping, particularly at these levels not only by the first top shown but other reversals throughout history. Notice the gaps approaching the high and the gap after the high. Both are almost identical in price and structure.
I will be getting short Gold and have laid out two entries. On smaller time frames Gold has already fired a perfect sell signal that played out 1x1 perfectly. That being said I love to take entries when stops are being hit. If price will give me the chance I'll risk 1 contract at the strategic entry and 1 contract breaking through the low as an aggressive entry.
I'll ride it out to T2 and trail from there.
Strategic entry 1356.1
Aggressive entry 1340.3
T1 1314.1
T2 1287.9
T3 1261.7
Stop at 1366.5. Hopefully we don't need it.
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Disclaimer: Oanda data shown. Material is educational only. Trade at your own risk!
RCN [RCNBTC] Ripio Credit NetworkRCN Moving in Flag.
Added to Bitfinex today.
My entry will be:
0.00002760
Flag textbook target:
0.00006379
Base targets:
0.00004300
0.00005288
0.00006379
Use Money management, sell on each targets 30-50% of RCN
XRPUSD 1H CLAW STRATEGY SHORT SETUPXRPUSD 4H has been making Lower Highs/Lower Lows
Support Breakout @ 1.4585
1H XRPUSD candle close below 1.4585 triggers Short Claw
There was a previous 1H Claw Strategy Long that was completed
There will be an Entry shown
There will be a Take Profit shown
There will be a Stop Loss shown
If no short breakout and Price goes long trade invalid
For more information about the Claw Strategy Indicator leave comment
Bitcoin USD Buy-in/Re-buy Levels (End of Correctoin + Altcoins)Ok, so Bitcoin is correcting a lot, wait not Bitcoin, the entire cryptocurrency market is on a huge correction (people are selling an the price is going down). Billions of dollars are gone.
Is this good or bad?
What to do next?
When to buy back in?
What about the Altcoins?
Good or bad really depends if you have a plan and your level of understanding of how these markets work. Corrections are good, if you are looking at the long term health of an asset, coin or market. There are many players involved, many people bought Bitcoins and other cryptocurrencies without any knowledge of how this market works, the price goes high, everything shoots up, but the time to take out some profits finally comes. The experienced players are hungry they want their gains from the purchase of their coins.
There is also market manipulation, media manipulation and so much more. Our natural behavior as well, panic and other factors. But none of it is a big deal for those that are trading to make money, for us this is just a situation to watch from which we can benefit as well. Look for a re-entry price and how to maximize profits when the correction comes to an end.
So, is this good or bad?
Corrections are good. This type of correction happens after a phenomenal bull run, the Bitcoin price reached all time high, the market grew to new levels, it is safe to say we reached a top, now we want to know where is our bottom, we want to know this market more. So we retrace looking for support, until we find one... we are getting close.
The chart above shows my recommended buy-in (re-entry) levels for Bitcoin. At the same time, this same levels, if they hold, can be considered the end of the correction and activate a buy wave on all altcoins.
So watch for these levels, this might be where the correction comes to a halt. We have already been going down for a while now, so we just need one last push before we find our support.
What to do next?
If you follow my trades, we are taking the hold approach, but why? Because this is the easiest for beginners, not as in a personal way as you might think, but easiest in the sense of following a strategy where you can be sure to win no matter what happens. Knowing that this is a normal correction, you can act on it by making a plan before hand, buy and sell, trade like a boss. Buy and sell can cause mistakes, we like safe bets, that's why we hold.
When to buy back in?
Follow the chart and use my recommended "buy-in zone" square. If the price breaks this level and goes lower, then you buy-in more.
What about the Altcoins?
Our Altcoins are most in the red, just like the entire market. We have a few options here:
1) Sell and buy back lower (this requires keeping track of Bitcoins price and alts price).
2) Sell and remain out, take a loss and wait for new trades (not me).
3) Hold for the correction to be over, maybe reload at the bottom and your money will grow again (reload more while holding the old - I like it).
So it really depends on you.
My relaxation approach calls for a vacation rather than more trades (buying and selling alts), after the correction is over, many new and more opportunities awaits. We are here, and will still be here, to profit from these trades.
Namaste.
USD/JPY Buy cont'dUJ shot off the .618 level, which was ultimately the level I was looking to, then it gave a beautiful buy setup on 1 hr, then retraced to scare people... I would need to do a video to properly explain this, but I will try best I can. within its measurements and pattern it does have the possibility of making that lower shoulder I talked about. I have not been at my desk trading or I would have posted, but I am pointing out there were 2 possible entry points to get in this buy. The .618 by limit, or the flag. Entering now is not the correct place or time of day, however it is possible it does continue up from here
EUR/USD EURO/DOLLAR EURO EURO EURORight so I think it's safe to assume that a possible short position is on the table. I think that once prices plummet past the 1.21561 Area. I'm expecting some bearish momentum down towards the 1.19533 Area. For now let's just sit on our hands and allow the markets to come to us. I think that with a possible weakening dollar in the equation it's actually more than safe to say that prices may reach these lows.
TRX huge Bull potentialLets be honest here... this coin is utter trash. But it will still pump back at least 60-70% if you ask me just because of fomo. Bull flag forming too