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ROKU Higher from hereROKU - Guys I know i have previously looked at ROKU Bearish, and previously, My bearish analysis was almost perfect, HOWEVER, I am looking at this Bullish now LONGTERM, 2 reasons... Netflix doesn't have ad revenue, Roku does, and I am simply looking at this as an opportunity for a potential future buy-out to increase market share. Reasons I think of Netflix in this case, is because the CEO of ROKU was previously the Vice President of Netflix. So the two companies already have a very strong relationship. This would be a longer term play also as it is bouncing off the 100SMA on the Daily
NASDAQ:ROKULong
by RickyCadan
Is Nano, NANOBTC Ready for Another Run?After a nice run yesterday, NANOBTC has consolidated and found support around 0.0009250. This point recently has been a very good support/resistance area for NANOBTC and interestingly which also happens to be at or around the 0.618 fib retracement level. With this clear support and consolidation, we now have a flag/triangle pattern and now heading to its Apex. The only thing that's missing right now is some good Nano/crypto news and volume for NANOBTC to make another run. If you want to trade Nano as a day trade, look for a flag/triangle break. Trade Instructions Entry Point: Break of flag, preferably above 12 and 50 ema Profit Target(s): 1. 0.0010243 2. 0.0010559 3. 0.0010868 4. 0.0011163 Stop Loss: 0.0009118 Leave a comment if you have any questions. And until next time, good luck with your trading!
NLong
by Trade_Masters
2
Is Ripple, XRP/BTC setting itself up for another move up?As you can see Ripple, XRP/BTC has been consolidating after a nice runup since yesterday and is now forming a (bull) flag pattern. Is XRP/BTC setting itself up for another move up? Well, we have to see about that but with all the rumors and hype around Ripple possibly being the next coin to be added to Coinbase, it could certainly make another move again soon. So if XRP/BTC manage to break out the flag, preferably with increasing volume, then we could see Ripple make another run. Trade instructions if you want to trade XRP/BTC: Buy Area: Wait till XRP/BTC is close(r) to its Apex. Enter when it breaks out of the flag on the upside, preferably with increasing volume. Profit Target: 1. 0.00009800 2. 0.00010200 Keep in mind that you can take profits at any time when you feel comfortable with or want to secure your profits. You don't have to wait for a target to be reached in order to sell. And you can always sell a portion and let the rest ride longer. This will give you peace of mind and more patience to stay in the trade and adjust your stop accordingly. Stop loss: Use the 12 and 26 ema's to trail your stop loss when you're in the trade. When the price falls below the 26 ema, then you can stop out of the trade. Please leave a comment if you have any questions. And good luck trading!
Long
by Trade_Masters
4
VEN/BTC Trade Example - What to Look For In an Oversold BounceWe love it when prices are going up but what if when prices are trending lower. Can you profit from that too? Well, let's take a look. When prices move lower rapidly and the indicator(s) gets oversold, some of the best rallies occur when they bounce back. These trade opportunities are the so-called "oversold bounces". Usually, these oversold bounces can be very lucrative to take advantage of when you can trade them actively and manage your risk well. There are a few ways to trade oversold bounces but here is my take on how to trade them with a recent trade example on VEN/BTC (Binance) On March 1st and again on March 3rd VEN/BTC got oversold, meaning the hourly RSI was < 30 (25 and 21) after being on a downtrend for several days: As you can see, both bounces had a significant move up (about 14%). But what's interesting is that the second bounce had a (bullish) divergence on both the RSI and the MACD, after prices made a double bottom, which usually signals a reversal as well. So in this instance, you had multiple signals an oversold bounce is likely to come. But why at these levels? Is there are a reason why VEN/BTC did bounce on these two levels so significantly? Well if we take a broader look at the 4-hour chart: You can see that these levels where previous (support) areas where VEN/BTC have bounced from previously as well. So in summary, what to look for when trading an oversold bounce: 1. After a runup, prices have retraced and are in a clear downtrend. Also, haven't touched or reached the (50) ema for quite some time. 2. RSI indicator < 30. Usually the lower the RSI, the bigger the expected bounce. This is why I prefer an RSI < 25. 3. Ideally, you want prices to be at or close to (key) support levels. 4. And if you have a (bullish) divergence in the RSI and/or MACD indicators, then your chances of success will increase significantly. And as an extra bonus, you can look for double (or triple) bottoms which is an indication of a trend reversal. Also to take into consideration is the timeframe and the market cap of the coin your trading. When using longer timeframe you can expect bigger moves/bounces but it will take longer to reach those levels. And as with the coins market cap, prices of coins that have a large(r) market cap tends to move less and slower compare to smaller cap coins. This way you can change/set your timeframe accordingly. So for instance, smaller cap coins they usually tend to move more and faster so therefore you can get a good trade or return on a relatively small timeframe, e.g. 15 min. Conversely, it's better to trade in a longer timeframe when trading a big(ger) cap coin cause they tend to move less and slower. This way you will have a better chance of being in a trade with good enough room for profit, especially with the big(ger) cap coins. So in this case, size does matter ;) If you found this post informative and helpful, please give a like and or share. Leave a comment if you have any questions. And until next time, good luck with your trading!
VLong
by Trade_Masters
2
Inverse Correlatoin Between DGD (DigixDAO) vs BTCThe graph above shows a comparison line chart between DGD (DigixDAO) vs BTC over the last 30 days. As you can see the correlation between the two is quite significant. It's not a -1 inverse correlation against Bitcoin so it's by no means a perfect hedge against a drop of BTC but good enough to trade on we think. To test this "theory", we thought lets put on a trade for DGD/BTC when BTCUSD is weak and dropping. So that's what we did this Wednesday: We've entered DGD/BTC after it clearly broke out of its equilibrium/triangle pattern and was also when BTC/USD broke through a support level. The drop of Bitcoin last Wednesday wasn't that severe when we've entered the trade cause BTC dropped quite a bit already hours before but with our trade, we've managed to make about 6% in a short amount of time. DigixDAO or Digix (DGX) is also an interesting project/coin. Digix tokenizes gold on Ethereum. Every DGX = 1 Gram of gold. You can own, save and transact Gold in tokenized form - keeping secure private ownership of your digital assets. Basically, you can see it as digital gold. This inverse correlation is much like the inverse relationship between the stock market and the gold price. When the stock market drops (heavily), gold price tends to rise and vice versa. You can trade DGD/BTC on several exchanges but the mean exchange with by far the most trading volume is on Binance. So try it out yourself next time when BTC drops again. We think it's one of the best ways to profit from a drop in BTC and "hedge" your Bitcoin position against it without having the option to go short or with margin trading. Please like and share if you found this informative and helpful. Leave a comment if you have any questions. And until next time, good luck with your trading!
D
by Trade_Masters
3
Will BCPT/BTC Break Out Again?After a nice run up since yesterday and breaking out of a cup & handle pattern, BCPT/BTC retraced back and found support near 0.00008725 forming a triangle. 15 min. RSI has fallen below 50 so there's room again for further growth. If BCPT/BTC manage to break out of the triangle and preferably with increasing volume, then we could see it making another run again. Trade Instructions: Buy Area: 0.00008950 - 9120 (above 12 ema) Profit: 1. 0.00008950 2. 0.00009845 Stop: 0.00008498 Keep in mind that you can take profits at any time when you feel comfortable with or want to secure your profits. You don't have to wait for a target to be reached in order to sell. You can always sell a portion and let the rest ride longer. This will give you peace of mind and more patience. Please leave a comment if you have any questions. And good luck trading!
B
by Trade_Masters
EOS/BTC Ready For a Short Term Bounce?EOS/BTC on Binance has been in a downtrend for some time now. On the 4 hour chart, the RSI is very oversold with a reading around 20 and since January it has retraced back to the 0.50 - 0618 fib levels. Good and key support level should be around 0.00082000 for the near term. But for the short-term, is EOS/BTC ready for a bounce? If you take a look at the hourly timeframe: You'll see a bullish divergence of both the RSI as the MACD. Also, the indicators have changed from oversold/negative to the neutral/positive territory. So we might see a little bounce from EOS/BTC in the short term, meaning in a day or two. If the bounce comes, I don't expect it to be huge cause the first resistance is already at 0.00090600 and that's just about 4% of current price. Again, this is for the (very) short term, when you look for a potential day trade on EOSBTC. But if you're more patient, you can ride it a bit longer for more profit. Please like and share if you found this informative and helpful. Leave a comment if you have any questions. And good luck trading!
by Trade_Masters
2