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Riskrewarddoesntlie

LTX Rebound??POLONIEX:LTCBTC Is sitting right at an upward sloped support line from previous lows. In addition to this, price action has formed a loose form of a harmonic pattern . Not quite a butterfly because the "B" point did not retrace to the .786, only near the .618 fib. Besides that point, it fits within a bullish butterfly pattern with the theoretical entry point coinciding with the support line shown on weekly chart below. I am hopping in here for a shot at it, stop loss set tight just below the trend line , so at .006125 representing just over 5% loss possible. Target is the .618 of C-D, so .01335 area, representing just over 100% gain from current entry. RRR then lands near 20:1 in favor of reward. Worth a little cash to find out if LTC can either try to catch up to BTC gains or stay steadier during a BTC decline. We shall see. Happy hunting and GLTA!!
Long
by UnknownUnicorn1314136
Over 30:1 Reward/Risk Is Worth A Shot...Trading some cryptocurrency pairs over the long holiday weekend to get my fix, what can I say... Anyway, I like this pair right now, trading on Poloniex. It's receiving around the 5th most volume in the BTC trading pairs, and looks technically interesting atm. Weekly chart posted below to get a look at that overhead downtrend resistance line, because price is at a critical point tapping on that resistance. Also seeing a nice bullish RSI divergence both weekly and daily. If it were to break through, say to .0000036, that could signal the end of the 5th wave down and the beginning of the A-B-C corrective retrace. If so, first and second targets are shown on the chart, representing 100% and 200% gains, respectively. For the risk/reward ratio to work stop loss should be set just below previous posted lows, so set at .00000319. As I have said before I am an owner of BTC, a believer in it and a few altcoins, and an absolute stalwart believer in the power of blockchain to be a disruptive and then market standard tech. Hope everyone is having a good holiday weekend! Happy hunting and GLTA!!
Long
by UnknownUnicorn1314136
1
Massive Risk/Reward RIght Now In GrubhubGRUB Is sitting right on support for the channel it has been surfing. This has a ratio of about 37:1 in favor of risk to reward due to this. Stop loss can be set just below support line at 55.50, which only allows for a 1.65% loss before cutting out. However, if it does catch on this trend line support, it allows for the possibility of the entire run back up to channel resistance, which is an over 37% gain! Now that's what I call low risk/high reward trading! Could play this straight up with stocks, or could play options instead, which I heavily favor for trading. I personally like Sept 20th C65, currently available for about 42 bucks per contract. Keep the stop loss where its at, let the trade go if it breaks below. Plenty of opportunity in the market, don't get caught in only one! Happy hunting and GLTA!!
GLong
by UnknownUnicorn1314136
Critical Spot For CanopyCGC Uptrend support line is being tested as we speak. If it does not hold, there is a secondary trend line of a former resistance that may turn support right at 24 area. If looking to get in long for CGC, this is a good spot simply because you can cut losses quickly if support breaks and not lose your a**. I do like the longer term prospects of this company once R&D costs and expansion costs start to wane. For now, entry at this level with a stop loss at 23.98 gives about 10:1 risk/reward ratio in favor of reward. Cut loss at 23.98 is less than 6% off current price. I bought a few more shares here, but still saving my biggest buys for either a further fall or a turnaround bounce. Happy hunting and glta!
CLong
by UnknownUnicorn1314136
1
$AMZN Flirting With Disaster or Prepping For Run??AMZN Currently testing resistance of what I believe to be a bear flag consolidation pattern. This is a great place to get short if you want to risk a little capital, due to the ability to cut out with a small loss if it breaks above this resistance, so stop loss at 1836. If it does not break though, you get the reward of the entire move downward, which could very well be around 1585 without breaking a sweat. In this scenario, risk/reward ratio using these targets and stops allow for an 18:1 ratio. On the flip side, if it does break upward, it would run into a convergence of a couple resistance trend lines around the 1790's area. Close above 1835 would indicate that scenario. What I'm looking at is the fact that Amazon lost its daily 125 moving average support. In the past when AMZN loses the 125, but bounces around it, up and down, it generally recovers it within a few weeks and goes on an extended run. However, when it loses the 125 and CANNOT reclaim it, then there has generally been multiple rejections followed by a "bear market" scenario for Amazon, as shown in the end of 2018. I am currently going short AMZN through Aug 30th P1640 at .70. Just one single contract is plenty with Amazon, because that 70 dollar bet can easily turn into well over 1,000 dollars if the price action acts as I suspect it may. Either way, as a technical trader I will follow the trail of the price action and act accordingly. My plans are usually laid out for at least 2 scenarios, as I believe any good trader should do. Get caught with your foot stuck on the gas pedal either way and you're headed for disaster. Anyway, happy hunting and GLTA!!
NASDAQ:AMZNShort
by UnknownUnicorn1314136
2
$MDB Bet Paying OffMDB As shown in linked idea on MongoDB, it was sitting at a minimum 6:1 risk/reward ratio at open Monday. If you took that trade there, which I did at open, you're currently up around 6% after one day. Has broken out of inner resistance, now headed toward outer resistance at 153 area. If it is able to convincingly break that trendline, it is very possible for this thing to have an extended run as it has every other time it bouyed around the 125 MA. If so, the logarithmic channel top would end up being over 250 per share. I'm an owner of this strong growth stock. Happy hunting and GLTA!!
NASDAQ:MDBLong
by UnknownUnicorn1314136