pou nd yen long this is what I see happening with the pound yen , I see the market hitting tp1 : However if this changes I will need to revaluate my analysis
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Shocking, Secret Facts Part IIIIYour going to have to read this, as today I will tell you some shocking, secret facts about some traders.
So who’s opinion can you trust is the interesting question, BTC moves in the opposite direction to most of these traders calls.
OR are traders calling the opposite direction because it gets far more publicity being different?
You need to remember this is a site for ideas, it would be the most sophisticated idea’s platform known to man but some of the people that use it enjoy posting stories more then they do market predictions. This is great this is accepted this is fun.
Yesterday someone called bitcoin was off to $10,000 it was one of the most read articles on the site, of course everyone wants bitcoin back to $10,000 so bad they will read any theory about the possibility. The sad thing is that reading the comments in this particular post these theories are not just ideas to people some people read them and absorb them as trade information.
People on this site are real people, kids, mortgages, responsibilities and social lives to lead, poor advice can lead to loss of funds, someone could read that idea and say right time to mortgage the house, less then 3 hours after the post was released BTC goes the opposite way and takes a 20% dive……..
Don’t believe these ideas for investment purposes just enjoy the read, you don’t go into Wall Street and ask someone seated reading the financial times how to ride a skateboard, the same as you don’t go to the guy in the hooded jumper at the skate park and ask him how you can invest in the stock market. However both parties can write a very comical story about one another that you will enjoy to read but you wouldn’t believe the facts on it as they may of never been to each others world but merely seen it on Television.
Bitcoin is not impossible to read in actual fact its quite easy. The crypto market itself; bitcoin has a 45% dominance in, this gives us 2 charts to look at on the same coin.
We check the crypto market, its daily volume, did market cap go up or down this alone gives us the strength signals on Bitcoin. We then check the Bitcoin chart for momentum, is it getting sold, do we have buys coming in. This is all basic TA, trend, strength, price, momentum and volume is ALL you require to tell the direction of Bitcoin.
Head and shoulders and all these other patterns are very rare to come across, they are great for publicity but 99% of the head and shoulders I have seen posted are not head and shoulders, they are posted midway up trend lines its funny to watch but can be harmful to the believers. Head and shoulders will nearly have a neckline at the same price not 20% apart from each other.
As a trader you know if Bitcoin breaks a level of support we are going down to the next level, if its breaks a level of resistance its going up to the next level.
Example of the chart below, if it broke the red it was a sell if it broke green it was a buy simple stuff. We broke the red….
We had a pullback the other day it was easy to spot as we had volume rising and no one was selling, it didn’t take anything further to spot this other then 2 indicators and 1 set of eyes. You can see in related articles below.
When reading an article do not base your decision on how to absorb it based off someones ranking, base it off the merit of the analysis.
You will notice there is a top author section keep in mind this is top ‘author’ I know I am up there but I know that I am not the best writer but some others are. You are buying an article not a trade in most circumstances and these people want to sell you a story that you want to read like ‘Bitcoin off to the moon’
Continue to buy the story but don’t always buy the trade otherwise you will be 1 broke and poor story reader.
If want to buy a trade idea cross reference it with your own analysis or others, take your time don’t rush.
$$ == Your 2018 Future could be below! == $$Wait, Listen. Bag holders of LTC, Please verify the following statement is true and correct; I trade alts, I do it successfully and Cash Is King has provided over 100% in profits to its followers in the last 3 days alone.... do you want to be making this kind of cash?
LTC has gone up 100%, yes correct, However that's from December to now, do you want 100% a week or a 100% every 3 months.... Ask yourself this then think about liquifying some LTC and join some day trades. Not any day trades, day trades that have been analysed.
I want you to check my profile out and then choose if you want to trade with me, other traders aren't posting many alts due to fear of looking silly if it doesn't break out due to BTC moving.
We trade on confirmed breaks so no one looks silly if the breakout doesn't happen and no one entered until it broke so no one loses any money. I understand if your working full-time and can't day trade; and this I appreciate and suggest continuing to do what you do LTC, ETH POWR etc buy bags of it and sit because if you don't have time to trade your safer with long holds. This is hands on.
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Now thats out of the way lets Check out LTC, slowly but surely LTC is moving and its been in an upward trend for quite some time and is now starting to display some bullish signals.
First of all you will see on the 4H chart the 20ema crossing over the 50ema...(above black arrow) Also the 200 has just come under price nicely. So know we know we have support ready for a move...
On the daily chart which is most important you will see the 200ema getting closer to the price, the closer this gets the sooner you will see a break
Next we have some volume coming in but nothing major and not enough to have a breakout yet, so this needs to increase.
However you will see a very bullish divergence forming and this is on the 4H charts and most importantly on the daily, so we know we are going to see a break out, its just a matter of when. Below is a chart that I have posted on a daily timeframe which I published a week ago and everything on this chart is and post is still valid. You can see we are not far off entering into the last third of the triangle which is the breakout zone.
I will be buying LTC once the breakout is confirmed until then I will trade other alts that are producing healthy daily profits rather then the sideways action here. First targets are green lines I will update on the breakout.
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Cash Is King, we all love Cash! Lets make loads of it and may the 2018 be the last year we work!
*Related articles are below on recent trades, these are trade ideas that I personally trade and I minimise the risk involved by performing a calculation that is very low risk and high reward, we come out in front and by a long mile. I am here to make money and so are you, since we have the same passion lets do it together.
The lower you fall, the higher you'll flyOk I want to share some extremely important information, this you need and you will appreciate as its basic but its thinking outside the box.
We make cash every day but thats from adopting a strategy that works and sticking with it, your not born with these and they can take you years to develop and learn. Well I will save you some time today and tell you a very basic system you should all use.
BTC does it or does it not pull your alts down? Yes of course....... there is a reason for this.
People make tens of million of dollars buying and selling BTC all day long buy low sell high. How do they make so much?
They buy the bottom of a support and sell at the resistance line above they do this over and over again......
However if BTC doesn't bounce off a support and it crosses the support there are no buyers only sellers so it just about free falls the same as it did hours ago.
When BTC doesn't hold at support you also have every BTC holder with a stop loss set below that support get taken out so sells everywhere. They all sell as quick as they can as the next stop is a long way down to next support.
Now see the only PURPLE line on the chart this is the support that didn't hold today and when it crossed we dropped fast.
This is the only time alts get dragged down see examples of alt charts below....
So how do we fix this?
We set an alarm 1% above each one of these support lines and set the alarm so it alerts you EVERY time it crosses then set a second Alarm on the support... The third and final alarm is .5% below the support So we have 3 alarms here...... the first alarm is to tell you to wake up, the second is to say watch me incase I don't bounce and also to tell you to get ready to hit sell button on alts the third alarm is to say if your not out of your alt you might be too late.
Supports are the black lines with red circles......
So set the above up once it may take an hour but once its done you are set to trade with less risk....
Now of course you don't have to sell your alts you can hold through they all bounce back sooner or later... However I love cash so if I am online I will do this and you can buy the alt at the bottom of the drop and it will bounce back and you will earn more later... Below is an example of just 2 alts this happened to but I could show you 100.
If you want to trade alts you can always just join Cash Is King and get all these alerts handed to you, not only that you will always sell at a profit as we run tight trailing stop losses due to current market conditions. You can check my trade ideas to verify this data of course; we buy low sell high.
This is a coin AST we traded yesterday and made a nice 50% profit on I might add.... this had enough momentum to double in value. It was up 60% then BTC crossed support and it crashed we had a stop set below this and were taken out at a profit.... but I can guarantee anyone that want trading with us got smashed.
This is another trade we had open in a 10% profit and etc dragged it down. Did we lose no, stop losses are always set... People that don't follow my ideas would of lost.
Cash Is King people, we all love it we all need it we all want more but the faster you earn it the faster you need to learn strategies to protect it.
Bit of a boring article but this strategy has saved me thousands of dollars and I hope it does the same for, we work hard we deserve to keep our pennies we earn.
40% OFF BTC // Autumn Sale Starting in 3 days!!This post will separate the men from the boys and the women from the ladies. Let's make some ruthless profits. Let Cash Is King share some secrets… best read this for the protection of your money and to give you an added advantage from making money off the weak handed, allow it to be their tragedy and our blessing the day Bitcoin falls.
When bitcoin takes this dive what it will cause on the market is most Alt coins to spike down fast and it will be a dominies affect
If you have decided not to short BTC and want to earn some profits the below earning strategy works well I use it on coin forks by buying minutes after a fork and buying bottom of the dump. I used a line chart above, the reason for this is to show you the 6K bounce and where the candle closed. If you don't want to follow the below and want to short i needed you to see where the candle closed on last 6k crash. It was exact same price that BTC's uptrend started at last December which is fascinating... too fascinating.
If you don’t know what a line chart is the line follows the close price of each candle, the doji is used to analyse next moves this is the best for price moves.
Now here’s the secret and your welcome to copy this for a very nice earn, i find this safer then shorting BTC as targets are hard to judge on btc being such a powerful globally recognised coin buying comes in at any price strong.
Game plan go to Alts and find their all time lows from August 2017 to December 2017….
On these lows of the Alts submit buy orders, you will be surprised how many coins will actually buy you in when bitcoin dives, also when you set the buy set smaller amounts over a couple of prices, don’t create a buy wall otherwise the weak hands might feel safe seeing your orders parked. Each coin spikes down name of the game is to get picked up.
Warren buffet says himself when people are selling is generally when he is buying and this is when he makes his money. This is ruthless as you are buying from the weak handed that have no clue what they are doing and they are scared and selling..... if they lose a house and it allows you to buy one though i think you can live with that.... or live in it.
While other people are talking about the chaos of BTC and how it’s down 30-40% and they will be on bread and water for a while we will be on the champagne and fillet mignons as the bounce back from alts will be huge.
The spike down of alts and back up usually happens within 30-60 mins and you will earn a nice 20-30%. This counteracts the BTC drop and guarantees you bottom buying on alts which you can then hold.
If BTC closes below that 200EMA today which looks likely the trip down can be quick so any alt trades you have in profit decide if you want to hold through all of this or dump them and play vulture with me.
The chart on this thread shows the levels BTC found support on it’s last trip down, as you can see it’s only a 5 day trip down and 3 days back up. This month around I expected the trip to be less time then before as selling and buying will be far more aggressive as everyone has seen it happen before.
This is all guys this may bore some of you and i apologise I just need to know my team has their portfolios under control and you all have a chosen strategy in place.
Cash Is King, join the train as we have loads of trades coming up after this event.
Day Traders! BTC OR ALTS? CASH IS KING HAS THE ANSWERSWhy are other authors not making their people profits like me? I'll tell you below. Ok so some of you that follow me would of seen everyday we have had a successful alt trade making more then 5-10% per day and some days 20%+.
Alts are easy to trade, if you do join me we can do this every day of the year and when the market returns we will be hitting 50% a day. When I say when the market returns if you haven't already read my last BTC post I put it in related articles.
Now there are many trades and institutions that refuse to trade alts and they are here for the leader BTC. Each to their own.
BTC you will see inside the channel below with a great margin from red line to green line. Around $1600 is price difference so resulting in around a 20% profit by buying the bottom of the channel and selling at the top.
You can trade this on the daily, 4H or hourly, I prefer the hourly charts to trade channels especially BTC.
Top to bottom of channel turn around is around 1-2 days, so you will average 8-10% per day.
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BUT I prefer alts, the reason being their is no hype around these, if trading and earning money off alts and want to cash back to fiat look at this exact chart here and sell your BTC at the top of the channel.
DO NOT sell any BTC at the bottom of the channel as your just selling to day traders doing exactly whats in the instructions above.
So we will continue to trade alts as we have been making 10-20% a day then we come back to this chart check the channel and wait for BTC to be at the top then sell the profits collect our cash and ready to do it all over tomorrow.
Now to answer why am I the only author (currently on the top actually wow) posting alts, this is simple most traders care more about their image socially and traffic then what they do about making money. I noticed a lot of traders do nothing but updates on the major coins not how to profit from them Enough is enough if I hear how ETH is doing nothing I think I will go crazy. However some of you may like 29 updates on ETH a day as I said each to their own. This is all my personal opinion I am here to make money the updates are just background noise.
If they post an alt fro you and the BTC moves and the alt drops it looks horrible on their profile, but how do we do this successfully? There is a thing on each of your trade accounts on all exchanges called a stop loss, if you haven't used it join us and learn. Once we set this stop loss we are at risk 2% and reward of 10, 20, 50% profits. Once first target is hit we move stop above entry, I don't let you enter trades until breakout is confirmed so really we are trading with far more upside potential and minimal to no downside.
This is the way forward to collect your daily profits, you always hear people say best to think outside the box, or 5% of the worlds population controls 95% of the worlds wealth, all these little sayings we can relate to bitcoin. Why do what everyone else is doing when we are making tens of thousands of dollars a day trading alts in a bearish market.
Cash is king Peeps jump on board and make some cash while the others ponder about with updates on the top 5 coins. Judge me on my profits not my social ability to create a crowd and we will go to high places.
Your Daily 7-10% Profit... Cash Is KingHere we have start setting up and should see a break and hit targets, this is good for a 5-10% profit the same as the trades yesterday.
Yesterday we have done multiple trades all earning profit, now in these markets we don't shoot for moon, we take profit and make the most of the current trade conditions.
Ensure to follow trade instructions as entry and stop losses are important. We don't lose, we profit from other peoples losses.
Now you can see the triangle forming on the daily buy the top of the first candle that closes outside of the triangle it must close outside.
Breakout zone is blue circle, once breakout is confirmed we then move onto targets.
You can see on the volume indicators we are quite low on volume this needs to return to give us a good leg up but the RSI shows a very positive divergence here and we should break high.
We watch this and don't buy until the break so we don't lose we win. Once target 1 is reached we move stop loss to entry.
3 targets here on the green lines I will update trade each time a target is hit.
In related articles below i added some of yesterdays successful trades, some are still open.
Cash Is King so come jump on board the trades.
BTC CRASHES $3000 Potential + Binance UpdateHi Traders,
As you can see on BTC we have broke the main support the RSI displays loss of momentum and we are seeing huge sell offs.
We have support at 9289 which is where the 200 day ema lies and the .786 FIB.... Will this catch us??? Depends on the market buys at the moment with loss of momentum no it won't..... the likelihood of hitting 6K is very real.........
WEe will have strong buys lean into the market at 6K which should give us a nice bounce.'
BTC had to crash to create a strong support to continue up for the rest of 2018.
If we don't get buys at $6,000 YES we will go to $3k......... this is the next support.... time to short people!
Binance update loads of drama please see their announcement below
BINANCE ANOUNCEMNT
PLEASE READ Regarding Unauthorized Market Sells
We are investigating reports of some users having issues with their funds. Our team is aware and investigating the issue as we speak.
As of this moment, the only confirmed victims have registered API keys (to use with trading bots or otherwise). There is no evidence of the Binance platform being compromised.
Please remain patient and we will provide an update as quickly as possible.
Edit: Withdrawals are temporarily disabled at this time.
Earn and Learn Follow for more.
BITCOIN $10,500 NEXTBitcoin is headed down to 10,500 great short here..... rebuy level at blue arrow.
You will see loss of volume and momentum and had broken the 50 day EMA and broke trend on the RSI
Simple chart rebuy on the .5 fib this is where we get the bounce and the 200day ema.
SNT/BTC //// STILL HAS A SECOND LEG TO COME ////Lets take a look at Status Network Token.
SNT has been rallying now for a couple of days and its not over. We don't see much movement and because of this many traders have been selling SNT (bad move). I won't be selling SNT until we see the second leg up, we will get a second leg.
You will see if we were going to see a big price drop the RSI would be trading a lot lower then its current position.
We have the 200 ema sitting just below the current price on the hourly chart which is another strong indication of a bull movement and to second that this will provide good support.
We are currently in consolidation and expect to see a break the longer a coin consolidates means the bigger the break we will see.
This is a good time to open a position or if holding SNT I would suggest to stay around for the second leg.
NEO NEXT TITANIC? Yes, here's why..............NEO Is crashing and nothing to catch it!
Someone create some news for NEO or some sort of story feed, a line anything as it needs a life jacket.
Next support down might be the 200 day EMA where we can see some sideways action but the real levels we may see a reversal to is the green line .00766127 or the .618 fib.
If holding NEO sell rebuy back lower unless you can tell me some fundamentals that are coming that I don't know about
RSI to low to show any momentum clear change in trend from previous rally.
Volumes dropping faster then 50 cents bank account!
So many things here are looking bearish just pack up and move on they put a sell button on your screen for a reason hit it!!
Earn and learn follow for more!
Ripple About to drop like your Nans Nipples!XRP rallied through the past 12 hours and now on a clear decline even though price is moving up the RSI is showing a very bearish signal. We need the RSI to break higher to confirm a move.
The only support is currently the .618 FIB once this breaks we will head down to .0000801 region.
Indicators are telling us that more then likely we will break low on this move and see a decline volume is falling out of XRP, there was some fundamental rumours that created a short lived pump now its time to exit.
To confirm a break up we would need to close over the 100day ema, have volume break out of blue arrow and also see the RSI break out over 50 (in theory break out low is the clear option)
We may see some sideways action at the moment we have no momentum to go up and a fall is definitively in play.
Get out if we break the .618 fib.
Follow me to earn and learn!
TRX/BTC BUYERS BEWARE! This may be short livedTRX BTC gets some news; new exchange listing
We have some strong resistance ahead before we see acceleration, TRX needs to close over the 100 day ema which its bashing on now and the .786 fib. Yellow box is strong resistance area.
Once we get the close we will see some fast acceleration to targets (green lines) I will update targets after these have been hit.
I am personally not going to enter here until we have a candle close over .00000421 which will confirm the next move.
Entry .00000421 to .00000434 (aggressive will enter now I will wait for a close over the 100 day ema and the .786fib)
Targets; Green lines
0.00000434
0.00000441
0.00000453
You will see the RSI has confirmed the break, we need the RSI to stay above the line to confirm movement if it breaks this line we need to sell. Remember this is moving and broke due to fundamental info but the EMA still shows as a bearish signal until we break them.
This may be a short movement and shouldn't be looked at as a long hold until we have stronger signals, this could just be a short pump.
Follow me for more simple charts to earn and learn.
Tick Tock! Is it time to buy??? Hey Followers,
Many are falling by the LTC sell off, I am not nor should you, if we have a look at the chart, we have hit the bottom of the range.
Its a great place to look for a bounce. LTCBTC is in an extended range, with the top at 0.0238 and the base a tight area between 0.0186 and 0.188. This level is also the 50% Fib Retracement of the last move up. Price on the 4H chart has just hit the bottom of the range and this 50% Fibonacci Retracement and created a double bottom (Circled in Blue) and appears to now be putting in a first higher low.
We are looking for a buying bar closing above 0.0190 on an Hourly or 4 Hourly chart.
Its important we wait for the buyer bar as confirmation the market is watching this level. A close below 0.0186 would invalidate the trade and open up the possibility of looking for a Bearish entry.
Entry High of the first bar to close above 0.0190
Slop loss is 0.0185
Target 1 is the first bar on the timeframe we trade to close above our entry
Targets from there Just before the blue dotted lines on my chart at
0.0194 Target 1
0.0201 Target 2
0.0210 Target 3
0.0238 Target 4 - the black line
I hope you all enjoy this trade, we hit some massive profits yesterday around 90% and if you can continue to follow we are going to see many more of these days ahead with the market repairing and improving new trades are jumping out.
BTC UPDATE Part 2! Put on your seatbelt!Hi Traders,
As you can see we closed over resistance and we see a simple ABC pattern here forming.
Its broke resistance and come back for a retest and will now advance and Continue.
Targets Green Dotted lines
You will see in 1 of the related articles below for part 1 of this post.
Follow below for a free 80 video educational course just starting! Come Join the team.
Earn And Learn
Get out your moon boots!CLOAKBTC H Bittrex
Cloack having spent a long period in a tight range has started to catch the eye. Its been banging up a against a resistance Trendline for some time and on the daily bar yesterday closed above the line for the first time with todays bar having already retested and bounced long. So on the daily it has Advanced through the kevel, pulled Back to it, and then Advanced in the original direction. It’s the classic ABC on the Daily Chart and has me looking hard for a Long entry on the Shorter Time Frame.
On the Hourly chart it has been putting in lovely Higher Highs and Higher Lows, with last high extremely Bullish. It has just pulled back and towards the 20 EMA (Blue line) and recent Horizontal level 0.00105 and I am going to pre-empt the move and buy at current levels.
Because the entry is so aggressive I am going to use a stop loss off 0.00101.
Targets are The first bar to close above my entry bar, close a small amount of your trade.
Other Targets are just before my blue dotted lines
0.00125 Target 1
0.00134 Target 2
0.00145 Target 3
Price is moving quite strong already you can open positions.
NANOBTC, we were first and got it right, Here we go AGAINForget the followers, we got on Nano First, and will get it right again NOW
Follow us to be first on these moves.
I will post chart and entry now with some analysis to follow, Don't want to wait and miss the move.
There is a fresh Entry setting up on Nano as it bounces off Support at 0.00140 and the 50 ema (THe Red Lines). WE have a buying candle setting up and of it closes Bullish i would buy the top of it.
Entry based on current Candle 0.00146
SL 0.00139
Targets 0.00154 ( i will provide more targets)
WE can now move on to the previous bar for entry at 0.00144
OMG/BTC Oh My God! Its time!Hello My Dear Supporters!
Chance for quick profits is here!!
Traders you have seen the accuracy in our trades this is a quick profit.
OMGBTC is working between established Support and resistance (The Blue Horizontal Lines) while looking quite bullish. We have EMAS lines up 20, above 5o, above 200 on the Hourly and Daily Chart. We have just seen a nice burst up, and are looking for a chance to join the fun.
On the Hourly we have just arrived at resistance in a break out. If this bar closes above the 0.001650 resistance level, I will buy the high of the bar. This is an aggressive entry.
The conservative entry is to wait for the 0.001650 resistance level to be broken, and then look for price to come back and retest from above, perhaps down as low as a 5 Minute chart. Once you have the retest look for a decisive Buying bar (Closing near the top), and buy above the high of it.
I am going to take an aggressive entry and buy it now.
Based on the current bar
ENTRY: If the bar/candle closes above 0.0001650, buy at 0.001663 (Or Buy it now)
Stop Loss 0.00161
Target just before the Pink and Blue lines
0.00169 Target 1
0.00175 Target 2
0.00180 Target 3
If you are going to make Dollars your decisions need to make Sense. There is a time to just get in, You need to understand and Love the trade to do so.
Look forward to earning great profits with my loved supporters this year! Follow for more $$
Quote of the day
"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
Another testament to the fact that investing without an education and research will ultimately lead to regrettable investment decisions. Research is much more than just listening to popular opinion.
NXT/BTC ITS COMING BACK! DON’T MISS THE BOATHello My Dear Supporters!
There seems to be a bit of interest coming back in NXTBTC. Its no wonder, finding breakouts in these low volume coins is probably the fastest way to make money in trading Crypto. So is NXT ready to GO? Its certainly at a level where it needs to be watched very carefully. This coin could take off at any stage. We have all seen this coin move before!
We are looking at the Hourly chart where we see the 50EMA (The Red Line), well above the 200EMA (The Green line), which suggests momentum is up.
We have seen price after a recent spike up, pull back and is now at the 0.0000233 support level (Horizontal Red Line) and the 78.6 Fib Retracement (Overlaid) which is the last FIB for pullback and bounce.
The current bar is very volatile and bouncing around. This is always a sign there is a fight going on for direction between traders, the outcome of this fight may well decide if we see breakout now or latter. The previous bar has come down and tested our level, and is a very aggressive buy for the very Aggressive trader (Stop Loss tucked in very close, very high reward to risk, buy very dangerous and not for me right now)
I need the current bar to bounce and close above the 200 ema, and the top of the last bar at 0.00002383. If it does we can buy this and look for the ride up.
ENTRY Close of current bar if above 0.00002383
Stop Loss 0.0000230
Targets are just before the Yellow lines
0.00002651 Target 1
0.00002905 Target 2
0.0000497 Target 3
0.000126 Target 4
If this goes we will keep you updated
Quote of the day
"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
Another testament to the fact that investing without an education and research will ultimately lead to regrettable investment decisions. Research is much more than just listening to popular opinion.
Missed us on XRP? Here is 1 more chance! Share the fun $$$$Hello My Dear Supporters,
XRPUSD 4H Chart
We are getting lots of requests from people who missed our earlier trade on Ripple asking if we can get them in so they can share the profits. Joining moves late can be a very dangerous thing to do, but on this occasion it may be possible.
Much of earler analysis on XRP remains valid and can be seen on our earlier chart which is linked. The Daily chart analysis was
XRP appears to have a put in a bottom bouncing off the 200EMA (Green Line) and 78.6 Fib Retracement (Overlaid). This are circled in Blue. Please note the unorthodox use of the fib tool. With the large spike tails on the bars I have used the body of the candles for Fib Extension. It’s unusual but gives a great confluence for the bottom and looks to be the way the market movers have done it.
To get those that missed in we are moving in to a 4 hour chart and the bar three back (Arrow below). The bar is a pin or low test bar testing (Hitting) the 1.07002 support level (The Red Horizontal Line) and the 23.6 Fib Retracement of the last move up (Overlaid), and the 50 EMA (The Red Line).
As price hasn't gone below this bar our entry is still valid, and I think could go well as Monday traders come back to work especially later on Monday.
Entry 1.1017
Stop Loss 1.0365
Targets lighten up just a little off the 200 ema (Green line) If it bounces back to entry from here exit at Break even
Other Targets are just before the Blue lines
1.15294 Target 1 (blue line)
1.2765 Target 2 (blue line )
To make dollars your decisions need to make sense. Don't hesitate we are right on entry
Quote of the day
"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
Another testament to the fact that investing without an education and research will ultimately lead to regrettable investment decisions. Research is much more than just listening to popular opinion.
IOST/BTC BINANCE TRADE! READ FIRST!Hello My Dear Supporters!
IOST is a coin we are watching at the moment. This coin needs to be watched carefully and it could take off at any stage
IOST has been putting in a series of HIGHER swing LOWS (My Green lines are under them). It’s a nice Bullish sign and often proceeds Breakouts. Unfortunately, it has back off a lower High to test our level. Its not a deal breaker but isn’t as good as a Higher High in these situations.
The previous hourly bar (Arrow below) has come down and tested (Hit) the 200EMA (Green line), 50 EMA (RedLine), the 0.00000444 support level, and the 78.6 Fib retracement of the whole move (Overlaid). The very Aggressive could buy here SL tucked under support, but this is very RISKY.
The conservative entry needs this hours bar to be a decisive buying bar Closing near the top and close above the last bars high at 0.00000445.
Enter if bar is closing above 0.00000445
Stop Loss 0.00000440
Targets are just before the Blue lines
0.00000494 Target 1
0.00000535 Target 2
0.00000591 Target 3
0.00000663 Target 4
Quote of the day
"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
Another testament to the fact that investing without an education and research will ultimately lead to regrettable investment decisions. Research is much more than just listening to popular opinion.
Amazing S&P strategy, high % of winnersS&P 500 Oanda
Hello Dear followers,
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MY S & P strategy is simple, and wins a lot
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If you would like to see the trades, which have been profitable for years then follow me quick as one of those days is early this week.
Quote of the day
"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
Another testament to the fact that investing without an education and research will ultimately lead to regrettable investment decisions. Research is much more than just listening to popular opinion.
