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Krakentrader

LTC/USD idea of a LONG trade.This is a trading idea created for the date: 28/5/2020 and is valid until 24:00 GMT+1 Symbol: LTC/USD Time Frame: 4 Hr. Expected duration of position when open: 4 Hr . up to 29/5/2020 24:00 Trade idea is: double resistance break out making it probable for a upward move towards 47.50 Go LONG if Price goes thru (above) 44.75 Position your T/P @ 46.60 Position S/L @ 41.45 When the LONG is open @ 44.75 and the prices goes thru (above) 46.05 move your S/L to : 43.15 If position is still open on Friday close it out at 24:00. Profit or Loss!! No trading during weekend for risk of low liquidity and spread widening. Close the position before the weekend with Profit or Loss! Next week we can find a new opportunity for another trading idea. Do not expect every trading idea to be successful. Do not expect every trading idea to be executed. It is very likely that the idea will not reach the opening trigger price. A good trading idea is one thing. Good money management is another important ingredient to end up in profits or loose less. Use due diligence and proper m.m. Do not chase losses. Do not s.a.r. to panic trade the opposite way. Make sure you can afford to loose all the money you allocated to trading. Have your position sized that the loss will not make you stressed or nervous. Trade ideas/setup of mine are created and focused to take pips out of the market and not to make a prediction or forecast of the underlying instrument traded. My trading methodology is based on probabilities, +E.V. , long term Win/Loss ratio and money management. Oh, and a monkey throwing darts on a chart in the backroom :) I have an personal interest in the ideas myself as I trade them also. I am not a financial advisor. Do your own due diligence and learn to trade on your own. Happy trading, Dan CryptoDesperado
KRAKEN:LTCUSDLong
by CryptoDesperado
3
Idea of a SHORT trade with the XBT/USD. Channel congestions b.o.This is a trading idea created for the date: 28/5/2020 and is valid until 24:00 GMT+1 Symbol: XBT/USD Time Frame: 4 Hr. bars Expected duration of position when open: 4 Hr. up to 29/5/2020 24:00 Trade idea is: Channel congestion low side break out making it probable for a downward move towards 8500.00 Go SHORT if Price goes thru (below) 9090.00 Position your T/P @ 8594.00 Position S/L @ 9587.00 When the SHORT is open @ 9090.00 and the prices goes thru (below) 8840.00 move your S/L to : 9355.00 If position is still open on Friday close it out at 24:00. Profit or Loss!! No trading during weekend for risk of low liquidity and spread widening. Close the position before the weekend with Profit or Loss! Next week we can find a new opportunity for another trading idea. Happy trading, Dan CryptoDesperado
KRAKEN:BTCUSDShort
by CryptoDesperado
XMR/XBT is repelled by a flat support for the second timeEarlier this morning at 06:00 EDT, KRAKEN:XMRXBT bounced off of a flat support line at around 0.00702 XBT driven by a quick reduction in the bitcoin/fiat exchange rate. While the exchange rate of bitcoin to fiat is declining presently, the upcoming halving is still around eight days away (as of this current moment). As such, it is reasonable to expect that the current drop in the exchange rate of bitcoin to fiat to be short lived. Historically speaking, the time prior to a block reward halving has (at least in the case of bitcoin) seen a run up in the exchange rate for the month prior to the often-over-reported event. Typically, when one of the high cap cryptocurrencies undergoes a dramatic upward move, the alternative coin markets decline (as both traders and algorithms around the world sell other assets to rush in and experience the thrill of the FOMO). This is the very force that has driven the exchange rates of assets like XMR down in recent days. All of this having been said, however, these larger trends inevitably take occasional breaks for a natural consolidation period (which is what we are seeing right now with XMR). It is in this moment that traders can snatch up a couple percent from the (short-lived) recovery before bitcoin resumes it's march ever higher toward the next halving.
Long
by finexus
BTC - reaching critical point in descending triangleThis is NOT investment advice - just my personal opinion based on BTC's latest movements. I could be totally wrong. DYOR. On the 45 minute chart, we see a clear descending triangle, in which BTC is moving. I believe BTC will soon break out of this triangle and head towards 9000, where it will bounce. I don't expect a bounce above the bottom of the triangle, as it will become a support once it has been breached. Therefore, once BTC breaks out of the triangle, I see a slight bounce off @ 9k upwards, then a bounce back down off @ 9150 - 9200. I see the upcoming downward move as wave 3 within major corrective wave C - big picture. Still undecided on whether or not to try to play one of these intermediate waves. I'm relatively new to wave / fib analysis. But, my confidence is growing. Should I give it a shot? All comments and critiques are welcomed.
KRAKEN:BTCUSDShort
by sucmabolsac
1
BTC continues downward trendThis is not financial advice - just my personal opinion on BTC's movements and where it might go in the short-term. BTC continues on a downward trend, as expected. It's traveling within a clear channel. I believe we are currently on the 3rd wave of the C pattern. If a 1:1 extension is achieved, we will hit wave 4 and bounce up slightly at @ 8800. Because I'm relatively new to EW and FIB chart analysis, I'm still riding my short from @10200. Initially, I planned on riding it all the way down to the end of the C wave, which I see as @ 8000. However, as my confidence grows, I'm considering playing the 4th wave up for a few % points, and then jumping back on the 5th. Comments and critiques are very much welcomed!
KRAKEN:BTCUSD
by sucmabolsac
Bitcoin Next Move Outlook for the second half of FebruaryOn February 7 we started to break indecision which lasted from the end of January. Now its finally confirmed that Bitcoin price will rise, at least for some time from now. RSI is still low around 60 on higher timeframes above H4. Uptrend is confirmed by quick breaking resistance levels which are subsequently confirmed from the upper side and price climbs by this steps up and up. Last week we also see rallye on different altcoinf such as ETH, MAID, XMR, and many others. However it soon turn out that all this false hope will end in tears. ETH will never make higher high and my prediction is that by the end of February it will decline back to price where it was and in the future ETH price will inevitably comes to almost zero.... CNY is depreciating and thus bitcoin price will go up. However there exists some tiny possibility that price rose only to decline even more - now on H4 and H2 and H1 we can see divergence between price and RSI however taking into account all other fundamentals and TA this very probably prove to be wrong what on the other hand only even more confirm the uptrend and make uptrend even stronger and thus the final price which we are heading to will be even higher. My current prediction is that we are heading to $450 level or above. Perhaps we can just see new price canal which is established between $360 and $460 with occasional price flashes more up or down depending on price pumps which occur on different exchanges. Very probably we reach $460 or CNY 3000 soon. I think now we are making another CNY 500 up from previous decline CNY 500 (which made a triangle which high was CNY 500). I am very bullish on Bitcoin long term and my short term predictions turned bullish as well. Unfortunately I sold most of my Bitcoins and now I must buy them back again so I am byuing on decline and selling on tops. happy trading Let me know what do you think in comments below :) How much profitable trades did you make?
BITSTAMP:BTCUSDLong
by SunnyMorning