MOVING RIGHT NOW, The latest mover and the biggest opportunity $
Hey my beloved followers,
Here is the latest coin to get on the move as a reward for your patience.
Dollars and Senses has been stuck on a plane and not posting for a few hours. Here is a good one to ease us back into the groove.
Also thanks to those of you in our chat group for bringing the focus to the fast movers in real time… a few hundred eyes is better than 2 in a markets that’s growing in options to watch all the time
Jumping into moving coins always carries a degree of risk, what’s happened has already happened and the further something has actually moved, the less it has left to move. Still if we can find the right moves and the right pullbacks they are great opportunities to earn fast profits.
I am going to start with a very aggressive entry on BCPT and will then comment with a more conservative set up.
You can see on our chart that the dotted 0.000124 has become an important level in recent time, It’s a high set Feb 25, and has then been broken, retested and bounced off early today as part for a sharp move up. That move has now come back to our 0.000124 level, and the 23.6% fib retracement (Overlaid) and gives us our opportunity. Please note we haven’t pulled back even on these time frames to any EMA which shows us how early we are in the pullback. The is risk here but the fear of missing out is also great.
The set up is to aggressive for us to just buy the current level or test of the level, we need a Price action conformation. We need a decisive Buying bar (Closes towards the top of the bar) on a 30 minute or hourly chart. Once we have that we will buy as price takes out the top of the bar, with our Stop Loss below the bar and the level. From there first target is a a large scale out just before my blue line at 0.000132
If you want to make Dollars your decision needs to make Senses: Its hard to catch fast moving coins, when you can get the right entry you want to get in
I will keep you updated here.
Daily Quote Enjoy!
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson
If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
Learntotrade
ETHUSD confirms a reversal on H Chart, lets get in and make $$$$ETHUSD H Coinbase
ETHUSD brings clarity and a Trade
ETHUSD has channelled down and has finally put in a double bottom. Its then put in a Higher high and pulled back to support at 827.18 (The Orange line) and then bounced up. This is a classic ABC pattern, we have Advanced through the level, Pulled Back to the level, and advanced up again.
For the entry we need the current bar to close above the 50EMA. If it does we will buy the top of the bar and put a stop loss below the previous bar.
Targets are just before the Blue lines at 872.62 and 896.18
To make Dollars your decisions need to make senses: It’s a messy market, keep your risk low.
The Crystal BallBTCUSD BITFINEX 4H
Hey followers and welcome to a new Chart, post and bias on BTC after our last marathon.
Since price came back to the key $9,750 level, not much has happened in terms of price movements, but what has happened is crucial to our Analysis, and Bias and dictates our next entry. We have sat in a small range but we have a 4H close below the level. Not the close of the next 4 H Bar is crucial. If the bar closes RED, price will have fallen and we will have an ABC Pattern and entry short and a clear SELL signal. If it closes GREEN we will have a Ring Low, a classic Bottom structure that would be very Bullish. It would be a Clear buy signal.
For the aggressive trader any Break of the recent lows at $9,516, would be a sell, and a break of $9,750 could be a buy. Clearly it’s a key area on the chart and we will hope the US volume will come in and make it clear for us.
Of these entries I would be prepared to sell the first break below $9,516, and will write it up for you. I see a break being very Bearish. If we go long just use the Blue levels.
Sell $9,515.00
Buy back Targets just before the Orange lines at $9,013.00 and $8,338.00, I will post more targets if we get entered.
Quote of the Day
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson
If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
Earn And Learn, The Beginning..............Hello My Soon to be wealthy friends!
I am going to be providing you a free educational course on technical analysis. Whilst your learning technical analysis to keep things exciting we are going to make money off our trades. I am going to teach you (for free) everything you need to know to ensure you can make educated decisions in the marketplace resulting in high profits. We will build a team that follows textbook trading and we will have the power to move markets and profit from the novice and greedy.
Seen all the charts here most we don’t want to touch and once you have followed me your eyes will open to the people that are traders and the people that are just social gurus.
Don’t get me wrong I love a joke, love fun, love a drink, love spending money BUT love making it more. Together we are going to make money and understand how we earned it.
LET’S BEGIN…………..
We are starting with raw basics if you know this already read it anyway to make sure you understand it ALL. There are 2 types of analysis in financial markets this being fundamental analysis and Technical Analysis. We are only going to learn one as that’s all we need. Technical Analysis we are going to refer to as TA and fundamental analysis as FA .
The 2 analysis are very different and I want to explain why we can forget learning about FA and only learn the TA.
TA once learnt you can apply to ANY market from crypto, stocks, commodities, forex and YOU WILL BE successful in all of these market sectors.
FA is conducting research to specific industry types like example if trading Tech companies you must learn about all tech companies on that exchange and which company you believe has the edge not only is this time consuming it limits your trading to Tech companies. For you to start trading let’s say Banks with FA you need to learn then entire market of banks and discover why they have the edge against one another and then decipher which stock will rise.
TA all we do is look at the chart and find the trend we can trade any market, any sector and industry. We can find everything we need to know to enable us to trade the crypto, stock, currency etc WITHIN 5 MINUTES of looking at the chart. There are 2 main charts types we are going to look at now and will always look at in the future.
'This is a LINE CHART and a CANDLE DOJI CHART , now you will see above the chart in the heading is a line Chart. A Line Chart is the easiest chart to read and great for beginners or pro’s to figure out what trend we are in either an upward or a downward trend or there may be no trend.
Candles Doji charts which is the default setting on most exchanges in crypto are great to see the live action these candles all explain to us as to what is happening next, below is an example of the Candle Doji chart. Timeframes of charts are important from Monthly, weekly, daily, 4H and H. We will always look at the Weekly, then the daily when we first check a crypto.
A line chart will link all the closing prices of the chart into a line marking this VERY EASY for you to see trends. The chart at the Top of this page shows BITCOIN in its downward trend we are in now; using the line chart.
Chart below shows BTC in its upward trend late last year using Candle Doji.
My next post is going to be MODULE 1 // DISCOVER THE TREND
This will teach you how to find a trend by looking at the chart and using the Moving Average indicator to confirm the trend, we will apply the 200 day, 100 day and 50 day MA. This is stage one of the course; discover the trend and from what you learn on day 1 you will already know you should or shouldn't trade the chart at all. This information alone is going to Save you Losses and Earn you Profits
Please follow me to start learning some VERY basic stuff over next few days then move onto more advanced.
NBT/BTC Ready to go, big winning potential $Hi Fellow Supporters,
As you've seen on past few trades we have been winning lets make this another one.
NBTBTC BIttrex Analysis
Dollars and Senses always starts his Analysis on the daily Chart. You can see on NBTBTC that price has given us a classic ABC off the 50 EMA (The Red Line). It has Advances through the line, pulled Back to the line and Advanced to continue in original direction. DSS loves trading ABC patterns. On this one I didn’t get in on the bounce point, so need to wait for another opportunity.
On the daily chart I can buy the break of the previous bar high. It does give me a small profit before the next Resistance level. I will write this up for thse that cant be in front of your charts as it’s a likely entry soon.
ABC Entry 0.000104 or above
Stop Loss 0.0000947
Targets are just before the Blue lines
0.0001085 Target 1
0.000118 Target 2
0.00014 Target 3
0.000181 Target 4
I will post this now as entry could be soon, and have a look at the shorter timeframes as comments
If you are going to make Dollars you need to have an idea that makes Sense, so here it is everyone and enjoy.
Daily Quote,
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson
If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
Old trap for the amateur, Great opportunity for the ProZCLBTC H on BIttrex
OLD TRAP FOR YOUNG Traders
When you see a chart like the 4H chart on ZCL, we all want to do the same thing, we want to buy. But the pros know that the charts show us what has happened and we know what is likely next, Price is extended and likely to pull back. Those who rush in tend to donate their money to the few that understand the market (and thanks very much for that) , those who wait can do very well.
When we cut to the Hourly chart we can see the start of a pullback, and a nice target for a bounce and entry. Price is testing the 50 EMA (Red line) but still I would not rush in. Let’s wait for end of the hour and see what support we have found. It is possible we could pullback to the 20ema, or either Orange line. Once we have done that if we like the level, jump down to a 15 minute chart and look for a decisive buying bar. This is a nice aggressive entry.
We risk the bounce coming early and leaving us behind, and it can happen, but usually we save ourselves an early entry and the losses that can follow.
Please also keep an eye on the D chart, this could set up very well there.
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson
If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
Does Litecoin have a base to build from across the time frames LTCUSD looks bullish across the Timeframes and could provide good trading opportunities soon.
Dollars and Senses always starts his analysis on the Daily chart and on that chart you can see that LTC USD put in a solid looking base as it pulled back to the 200EMA (GREEN Line) twice, and put in a double bottom (Underlined) and tested the 78.6% Fib retracement of the last move. Once it had tested these levels twice (Circled) it then bounced up. It has now broken the Resistance at 207.72, and has come back from above to retest the level. A close above the level on the daily chart would be a strong bullish sign.
On the 4H chart you can see the support level, and Price is trying to close above the 50 EMA (Red Line). A close above the 50 ema would be a positive move and we could buy the close, or the high of the bar, with a SL below the bar.
On the H chart You can see the move is a little more advanced with price bouncing off the support level more clearly. On this chart we are trying to close above the 200 EMA Green line. If we get that close we could buy the close or the top of the bar with SL below the bar or support levels. I wouldn’t buy there as I still have lower lows, and lower highs on the Hourly chart.
When you get multiple time frames giving you similar pictures and areas of interest it strengthens the case for the move. In these cases normally trades set up Hourly, then 4 Hourly and then Daily. If you like highest risk to lowest risk.
We are in a bearish day, where many have been knocked around, this level holding makes it look like an important level. Still we need to think carefully on which entry to take should they all set up. My preference is to let the H close above the 200 EMA and see if I get a pullback to retest the low, if I do I will have then have a hoghre low, and all the above. At that point I will look to get involved.
I will watch carefully during the day today and try and keep you well informed.
If you are going to make Dollars your decisions need to make Senses, BTC has been leading the market down. Keep an eye on it to stabilise before buying to much.
ETHUSD How to deal with conflicting ChartsETHUSD
How do we deal with conflicting stories?
Dollars and Senses likes to start his analysis on a Daily chart, what do we do when we have a conflicting picture.
On the one hand we are just testing the 827 (Orange Line) support level, and 38.2 fib retracement iof the last move. We could buy this now or wait for the bullish candle and buy.
On the other hand we have a clear Bearish Channel (overlaid) and are putting in Lower highs and Lower lows. So what to do?
The first thing I do is conform the trend in my head. We are going down and that means I cant buy on the Daily chart in the current position as I am too close to top of the channel. This may mean missing a winning trade, but overtime it will save me form a lot of pain. Its possible to try and Buy and come out at the top of the channel, but its to cute for me. I would buy this at the bottom of the channel with more space to ride it back to the top of the channel.
What I can do is go down the Time frames and see if I can find Higher Highs and Higher lows. The 4H Chart doesn’t help me, but on the H I can see price starting to consolidate. I can watch this and see if on the H price will put in a new high, and then pull back to the support, giving me a Higher low. The shorter bars on the Hourly, gives me tighter risk, and more times rewards vs that risk to the top of the channel. I would still come out or reduce substantially at the channel
STRAT / BTC Worth Watching! Could see movement soon! $$STRATIS / BITCOIN
Strat has moved up and retraced nicely to area of confluence including the 0.0008138 Support level (Red Line), the trendline (Light Blue angled line) and 61.8 Fib retracement. At this point (The pink Circle) it has bounced and looks set for a good move up.
Price has then hit the 3 EMA’s 20 (Blue), 50 (Red) and 200 (Green) which are grouped quite closely and are offering short term Resistance as price bounces down of them. We may spend a few days bouncing between them and ranging here (The Blue Box).
What we are looking for is a break out from this region. We can trade the first bar which closes above the 200ema and 0.00101 resistance (Black Line), or wait and look for another classic ABC. Where price Advances through the ema and level, pulls back to it, and then Continues in our direction. That would be my preference.
Levels going up are 0.00120 for first target, and then to 0.00151.
To make dollars our decisions need to make sense. We want to wait for the break out here, and preferably the retest. We don’t want to get caught in the consolidation in the blue box.
Enjoy the trade, I will make sure to keep this updated, feel free to like and follow if you found this information useful.
Comment below with any coins you would like an analysis on and the most commented coin I will provide and publish a TA.
IOTA/BTC Binance TA for beginners. EnjoyHello Traders,
A follower has asked for a simple TA on this pair so I have kept this as simple as I can.
The two major features of the chart are the descending triangle on price. You can see with the Blue circles, we keep putting in the same or lower highs. The Yellow circles show us that we are putting in the same lows.
When we have lower highs, and the same Lows it suggests eventually we will run out of buyers at the level of the lows and price will break down. We are looking for a break down on this pair unless we see a Higher High (Price puts in a new high price, that is higher than a previous cycles High).
So price means our bias is short, or to sell.
MY other concern is Volume, a number of these pairs are seeing volume drop and eventually volume creates the demand to move price. When volume is down price can spike on small transactions making trading messy.
To Trade this I would want to see price Advance down through the support (Black Line), and then pull back up to the black line, I can then enter short or wait for bar to move down and sell the bottom of that.
I am trying to keep this simple to follow, if you have any questions please ask them and I will try and clarify them for you.
Always remember if you want to make dollars your decisions need to make sense. You need to take your time with this one, wait for a clear entry or keep your money.
Feel free to follow if this was helpful to assist your trading.
ETHEREUM MUST SEE & READ! REAL POSITION! (Great for beginners) ETH/BTC
This is good for beginners and even the experienced trader!
Don’t buy the dummy, Don’t be the dummy as BITFINEX ETH/BTC volume drops.
The chart shows a nice uptrend with price back and testing the 20 day moving average. In most circumstances a clear buy opportunity but there are a couple of warning signs for the inexperienced trader here.
1/ Note the consistent drop of volume, the lower the volume the more likely false break outs caused by a small number of market participants having more influence than they do in higher volume markets.
2/ Our Triangle is a perfect indecision shape and shows a market not clear whats next (Many BTC Charts showing uncertainty, we will clear this up in another post). Triangles often break about 2/3 of the way in so we arewell due a break out.
3/ While our trend is up we have entered the triangle from above and this makes a case for the breakout to be short, we have a long trend so an unclear picture.
The 3 points above make this market not clear for us, and we need to be cautious.
There is a break out not far away, I will stay out of the first leg in case the low volume creates a False breakout and traps traders on the wrong side of the market.
I will wait for a pullback (preferably to the triangle), and a bounce back in the direction of the first move. I am looking for a simple ABC (Price Advances, comes Back, Continues in the original direction), combined with a rise in Volume.
Long is my bias but I will let price lead me in either direction here. If I get my scenario in either direction I will be prepared to trade in that direction.
By staying out of the first leg of the move I do risk missing the move, but I also miss the high probability of a false break and losses. I hate losses.
Remember to make Dollars your decisions need to make Sense, stay calm and focused in these markets and plenty of good trades will come.
Feel free to follow me for not only analysis but I will be posting profitable trade ideas! Short, Mid & Long!
ICX/BTC BINANCE trade. IF Volume Returns WE GET GREAT RETURNS! %ICXBTC As requested by Follower, If volume returns this could be a cracker
ICXBTC got of to a positive start and rallied for mid-December to late January where it sold of aggressively for 7 days. The sell of ended at 61.8 Fib retracement (overlaid) which then saw a decisive days buying on high volume. It looked very bullish at this point but from that day price has stayed between the opening and closing day of that bar, and volume has dropped (Orange arrow).
Overall the pair still look bullish, and a buy from current levels targeting the top of the range would be a good play in decent volume. Its still a high reward to risk play with a buy at 0.000459. and a stop loss at 0.000425, with a first target of 0.000555 (lite blue line), and a second of 0.000838 (dark blue line) giving a 3-1 reward to risk ratio for TP 1, and a lot more for TP 2. It just has a bit more chance of losing on low vol.
If I brought down here I would accept the low volume makes for a higher risk trade than usual, and I would close at least 75% at the first target unless volume is lifting when you get there.
Entry BUY 0.000459
Stop Loss 0.000425
Target One 0.000555
Target Two 0.000838
Remember to make dollars your decisions need to make sense. Only follow who you trust. This is a good trade, and if volume came back, allowing you to stay in the trade longer it could become a very nice winner. If volume stays out exit more at TP1.
Please like this post if you found it helpful or profitable, for more ideas feel free to follow.
EURUSD Looks like an easy Short but all is not as it seemsMultiple areas of support beneath price make the short look as tempting as eating raw chicken.
XAUUSD Short Position Now on retracement against trendlineOn retracement against trend-line with Fibonnacci confluence.
USDZAR Potential Retest & Long Term LongCurrently on a Weekly retest, will be expecting a Long trade once we get the reversal pattern completion. Currently in a Short down to bottom of range / Trend-line.
AUDCAD Early H&S ShoutVideo explains it but the Trendline Slash has occured RSI shows price not likely to break back through now looking for a ranged Shoulder to form within Demand & Supply.
Phase Changes & Events So at one point in this video I get a bit mixed up in my thoughts. I think most publishers would delete it and not share it; but I'm not interestedd in protecting myself. I go off on a pretty long rabbit trail about Support and Resistance areas creating the phase changes that we're looking for. It is an important concept; and I think despite me mixing myself up at one point - I think I should share it with you
I hope you feel the same way. I hope you learned something with me!
BTC accumulating or still correcting ??Just trying to test myself with trend-lines.
Constructive criticism is always appreciated.
Thumbs is this helps you in any way.
Thank You.
May the force be with you.
AUD/USD - Incoming Bears I've given out some analysis on the AUD before, explaining how the AUD is really strong and the banks are very happy at where it's currently stationed with supply & demand zones all across the price levels 0.70-0.80 within AUD/USD - Right now AUD/USD is at a significant event area, it seems to be following the drop and reverse ratio perfectly.
The price is currently at a significant event area which is also located within the willis zone, that's two confluences, we've also got a price action on the 4-hourly, a huge pin bar rejection.
3 Confluences - Following The Trend - Erase the emotions and take it short with risk managed.
USD/JPY - Aggressive 6H Entry (Trend-Change)USD/JPY - Aggressive 6H Entry (Trend-Change)
@: 113.692
S/L: 114.445 (-75.3 PIPS)
T/P: 112.130 (+156.2 PIPS)
Risk:Reward: 2:12-1
ENTRY: We have seen our 6H candle close -BELOW- our major trend-line indicating a trend-change. As well as our 8H and 1D candles of closed -BELOW- as well. We are looking to potentially reach our Minor Support of 112.130 area.
S/L: We placed our Stop +10 PIPS above our Minor Resistance area of 114.355.
EXTRA: Usually at this time of day the market can be kinda slow, and we can see a potential draw-down. However; we don't have anything to worry about. If price were to manage to get hit, we will possibly we in a trend-change to the upside and recover our loss if that were to happen.
*This is NOT a signal, we are NOT responsible for any type of losses you may encounter. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com
UJ Week OutlookAnticipating UJ to AT-LEAST retest structure highs. We are nearing a solid resistance level, so we may see a rollover when we hit that level, OR if we continue, I anticipate the 1.414 expansion which is also the next highest structure level.
Trade 3 Eur/Pound short closed and looking to reneter higher So in this market : the market was flat lining a bit and I wanted to start fresh for this week so I closed my trade in profit of 40 plus pips and now looking at this pair making a higher correction where I will look to sell this pair again .
Points: this pair does move and with the right stop loss and supply and demand strategy along with trading psychology strategy along with money management.
Talking about money management I am culprit for this by over exposure and over leverage so my goal for myself is trade on any trade 1% of my account and max trade only 5 percent of my account with a draw down of 10% of total profits earned from the previous trading week. If I blow more than 10 percent of my profits I will close out of the market and stop trading and do something fun and creative .
Kris
www.mymentortv.com
