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Trade Alert: XRPI usually don't do crypto, but now that I've done what I believe is enough research and watched crypto's crazy market I am IN. That being said : XRP High reward, not without some risk of course. XRP has buying support, its good news that with SEC news this hasn't went down the drain, still we are above .22 and I really do believe XRP will come out with a "W" on this SEC case.. My advice add a small position and any good news hits keep adding to position, also if no news BUT XRP hits positive trend I boxed in chart then add to position. As always pay good attention as crypto tends to move FAST. *Indicators and Tools used* -Zig Zag -Pivots -Vol -MACD -Super Trend V1.0 -Trend Line -Triangle -Date and Price Range *Please like if you find this post useful*
BITSTAMP:XRPUSDLong
by BeardedSince
BITCOIN CRASH TODAY?? - Bearish setupHey there, Please support this idea with your likes, follow me and comment down below what you think. Read the text on my chart for more information. Bitcoin has heavy resistance around the 30k level and eventhough I would normally not go short in a bull market, I initiated a short position. Risk to reward is just too good for shorting up here. I WILL BUY THE DIP THOUGH!. 20k is final imo. Think we can bounce already in the 21-22k level! Cheers, Konrad
BITMEX:BTCUSD.PShort
by EnlightenedTrading
1
The ABCs of risk management. How to calculate risk and stop-lossHello, Traders Today we are going to explore risk management. First of all, risk management is what keeps traders alive! 1. First of all - it’s very risky to get into a single trade with more than 20% of your trading deposit. 2. To begin with, you need to calculate the percentage of risk you plan for each trade. To simplify, it’s an amount of money you’re willing to lose if something goes wrong - and if the losses are equal to that amount, you get out of the trade automatically. The stop-loss needs to be calculated with consideration of your tolerated risk. Let’s say your trading deposit is 20000$. The risk for one trade is 1% of your deposit, in our case it’s 200$. If you make a trade for 10% of your deposit (20 000$), then the position size should be 2000$. The tolerated risk, in this case, is 200$ (10% of your trade amount). Therefore your stop loss for the trade should be 10%, after which the position will be closed. If your position is equal to 20% of your deposit (20000$), then the position size should be 4000$. The loss you’re willing to tolerate here is 200$ (5% of 4000$). That’s your maximum stop-loss. 3. It's very important to understand that you have to make trades with a good risk/return ratio. The recommended minimum is 2 to 1, but 3 to 1 is better. You have to calculate that in order to remain profitable, otherwise, you can end up having losses executing lots of trades. For example, if the R/R ratio is 1 to 2, and you succeed in 4 of 10 trades with an estimated 20% profits and close 6 of your positions with a stop-loss of 10%, you’ll have 4*20% (80% profit) minus 6*10% (60% loss) and that’s still 20% profit. So you get 20% profit even if only 40% of your trades are profitable. Good luck and watch out for the market!
Education
by UnknownUnicorn10064030
9
BITCOIN! Is it time to get in?!Before you get excited - Do you think the risk/reward at this current moment of time is a good place to buy now? Wow last time I had analysed bitcoin we was going 10k - go and check my last post on that! Technically: Broken out of wedge reached my target area of 161.8 Fib retracement my next target areas: 25k-27k - They are beautiful Fib areas!! But I won't be rushing into this trade. I do have 2 positions in from 17k area - I took 3/4 off - I will be buying more in a pull area near high 19k areas - BUT I will be watching how the price reacts. Also let me warn you the behaviour of this market isn't like other currencies. Sometimes, its best to be on side-line just watch the behaviour of this market - Questions I think you should question yourself.... How does the market move? is it low or fast? The behaviour. Where and how would I place my stops? Will i be holdling away longer term trade or am I going to do just medium trade? What is crypto currency pegged to? What are the risk of me holding Bitcoin? How much of my portfolio will be cryptocurrency? and Do I want crypto's in my portfolio? Do I understand the technology enough to invest? If not (Message me I will dust out my old books I've had since 2016 later in the yr I first invested before the first bubble!) Lastly Now we over that key area of resistance - Will it become support? Who is entering the markets - Are more institutions getting interested? Research guys before you invest, DON'T GET FOMO!!!! All the best, Trade Journal
OANDA:BTCUSD
by Trade_Journal
4
BITCOIN - Finally reaching 20 000$ ?! - Other followingWe seem to have finished a Triangle count here so can look for the move higher to be equal to wave (i) which gives us a potential target of 20219 . Of course it can go higher and I'd love to see it go higher but 20k is already a great target. If price goes above 19340 , it should continue to go higher towards the noted Fib clusters. Same view goes for the other cryptos ! Notice that Litecoin and XR P have the biggest growth potential among the list. For LTC I think it's doeable but XRP i'm not that sure, so, carefull on your allocations. But if price goes below orange wave e , we could see a sell off here so be twice as carefull in that case!
BITFINEX:XRPUSDLong
by ElliottWaveBelgium
4
NIO: Pullback, not a Reversal sign.Hello traders and investors! Ok, NIO dropped sharply today, let’s see what’s going on here, and if there are reasons to panic. First, NIO dropped below our target at $ 42.51 (red line), and it hit the next support level at the $ 38.33 (purple line), and now it is reacting. The fact that it quickly filled the gap today, and it closed above the previous support at the red line is a very good sign . It shows strength. If you missed my previous NIO analysis, the link to it is below, as usual. These support levels are clearly buy zones , and the sell-off couldn’t sustain for too long. Since the trend is slightly bearish in the hourly chart, the zone of the pink line and the 21 ema are supposed to work as resistances next. Now, let’s look at the daily chart: All the lines present in this chart are support levels, which are all buy zones. When NIO loses one support level, it’ll seek the next one to attract new investors. This is how the market works, at least most of the time. Nio just hit a support level at the green line and it is doing a great candlestick pattern today. The volume is looking good, and if it closes above the 21 ema it’ll be even better. We may have a classic candlestick pattern called Piercing Line , which is usually a very good sign. But NIO must close this way. Since we are in a support level, the situation favors the bulls, as when you buy near a support level the Risk/Reward ratio is usually very good. Also, since the trend is bullish, the odds favor the bulls too, and pullbacks are just opportunities to buy. Let’s see how NIO will close today, and if you liked this analysis, remember to follow me to keep in touch with my daily updates, and please support this idea if you liked it! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
9
FUTU - Support at 41/43, good place to start building longsThis one has been pretty good to me and my subsribers us althought our first buy in was stopped out for a tiny loss but we were able to get in again and got some nice profits out of it. Now we're in a fourth wave so this could and probably will continue some more sideways if it stops at support. So, building longs slowly is the way to go imo but only if we see price stall around the marked support zone !
NASDAQ:FUTULong
by ElliottWaveBelgium
2
S&P500 - Is this just a fakeout ? Fantastic R/RThis is the SPY ETF but the count is the same for SPX too. I don't know if we're in a 3 waves correction here or in a 1,2 situation. - If price starts to go lower but in corrective fashion and doesn't invalidate the count, chances increase (by a lot) that we'll see a rally higher. - If on the other hand it keeps on going lower, I expect this to be a wave C or Y, completing a Flat correction or a WXY combination that started on September 2nd. - And if of course price goes above 269.4, this would make the Diagonal pink wave 3 the shortest motive wave hence invalidate the count and thus probably continue higher. The R/R is great and completely makes up for the low probability of this setup at this point if you want to short right away. For the more risk averse traders among you, you could wait for a sharp drop below pink wave 4 before initiating any trade or simply a 5 waves drop followed by a 3 waves correction.
AMEX:SPYShort
by ElliottWaveBelgium
2