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Patterntrading

GBPUSD Dropping 200+ PipsWe have a bearish bat pattern in the 4HR Chart and we also have an Ichimoku Cloud cross indicating a possible reversal of the upward momentum. We are taking this trade based more in the harmonic pattern than the Ichimoku but still a powerful trade. Also there is a double top on the 1.3580 area. Our take profit is a STRONG support area, stop loss is calculated at the D point which we don't think will be touched again, just in case it breaks the trend line and in case they want to fake us out. Almost a 4:1 RR. Trade Safely!
Short
by SignalCentralFX
1
[LBC/BTC] Great long term hold!! %200-%300+ possible!! QUICK UPDATE; is looking bulish after a slight correction! RSI's are all positive. Cloud exit on 1D, has potential to breakout with this setup! Compare todays volume to the last run, and this alt looks super cyclical (alt life cycle) and its got huge potential. MacD shows a promising steady growth from hitting a low for so long. According to my analysis 200% profits is easily reachable. if you'd like to hold longer you can aim for 300% and more ++! You wait, you win. Patience is key. As always this is my trade opinion. Do your own research and never risk more then you can afford to loose! Feel free to ask me questions and or comment your thoughts and ideas.
Long
by Gibmoses
8
XRPUSD - Still holding ascending penant formationIn the last 24hours, we've seen XRP do some interesting things. Mainly because it seemed like we were beginning to have consolidation around the 2.65-2.7 mark, which leads to the belief of getting ready for another run. However, every time XRP was 'bound' to breakout, it was actually STILL within a bigger pennant before surging up a significant amount and that makes absolutely all the sense. Why? You can't expect a small stumpy triangle to breakout and gain 50% value in no time... There needs to be a windup before the spring upwards. Take a look at the MACD and RSI. To me, this is a really good buying opportunity and of course depending on your goals and risk appetite, you can make your choices. You can choose to trade within the triangle or you can choose to trade for the long term. Either case a $2.4# buy in is a great deal in my eyes for a coin that will perhaps surprise us all in its valuation in the future OR a coin that will stabilize between $5-10? As I read more on here, I'm further learning that helping others only returns a positive. Therefore, I wish you the best of luck and if something of mine helps you, then that's all I wish for.
BITSTAMP:XRPUSD
by Alqasim
2
Bitcoin MAJOR Decision Point!After completing the ((e)) wave of the triangle, the market rallied just as expected. I am expecting this to travel to at least $22,700 but more likely $27,700. However, in order for this to be a viable option, $14,150 needs to hold price and not be penetrated. If it is, then expect much more bearish movement over the next few days and weeks. I would rather Bitcoin turn higher after completing a zig-zag to the downside because this would make it much easier to trade and profit from. For now, we need to wait it out!
BITSTAMP:BTCUSD
by StippWian
5
[RDD/BTC] - Cup & Handle! ~30%++ ProfitGood Morning everyone! here's another profitable trade if it plays out right. ** Cup and and handle is the most common and profitable pattern! Reddcoin looks pretty solid. It's had some crazy gains the past couple of days and now it appears to be building a cup and handle. RSI and MacD showing signs of a reversal, I'm assuming its forming a handle. This coins is worth watching for sure. As always this is my trade opinion and the strategy i am implementing for my trades. Do your own research and never risk more then you can afford to loose. Please feel free to ask me questions and or comment your thoughts and ideas. Thank you & Best of lucks! (:
Long
by Gibmoses
2
Poloniex: Pinkcoin LongI believe if you look at Pinkcoin as a whole, it already had some bullish runs. I think with a 53% risk at a sustainable target, is still very conservative or investible for some returns. The most likely scenario is another bull run or steep positive correlation in July 2018 similar to the August 2017 run. This is true when looking at an RSI strategy or Fibonacci sequencing. That is why I would suggest a long HODL. However, the risk is knowing when to sale before a steep negative correlation similar to what happened in its previous high point. The potential for another breakout around 6 months is likely given that the patterns it been following is similar. However, I would suggest to use an indicator to maximize your gains because even if it will be a long, the exit at that point needs to be really short.
PLong
by gamer456148