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Looking at the MACD, 4EMA and bollinger bands shows BTCUSD LongFor the upcoming week (several days), I would say there will be a price increase for BTC/USD symbol, by just looking at: RSI (not in current graph (sorry I don't have a pro account) MACD for sure! See the cross coming up on the 1D chart 4EMA is getting ready as well The price is less volatile and low in the bollinger bands Currently I bought BTCUSD futures at Bybit with 3x leverage for long in the coming days. See the dotted green lines for both stop-loss and take profit limits. Future plan: looking at the super trend later on..
BYBIT:BTCUSD.PLong
by Melroy89
6
Will the bart end soon? We touched the support levels i mentioned before and it bounced back bit, but we still cant hit the 6400 POC. I think the 6360 might be good entry for short and the redline is stop loss i will look for my short ( if we gonna break the 6400) . I think 70:30 we may touch the 6360 above soon and 30:70 we go down back to support levels at 6160-80 without touching the 6350 above . If the 6360 hits without stop loss trigger i may look for 1. PT at 6260 level and second one on 6200 level. After first PT i trail my stop loss to 6280 levels. What do you think are we gonna break the 6400 or stay bouncing around here for longer?
BITMEX:XBTShort
by RasmonT
XRPUSD Ripple: Take nearterm Profits/Next Long Set-UpSaturday Update Take Profits/Next Long Set-Up Ripple has had a nice break since busting the neck-line and is now testing the first line of reisistance at .6493 It really needs Bitcoin to break above 7735 for it to power ahead from here to the next resistance line at 6921. Can take profits here and get ready to go long again once .65 is taken back by the bulls and then join again with stops a little below the same line once broken. 11:39gmt 06:39est Friday Making a little reverse head and shoulders quite similar to Bitcoin. Has 8 points upside when and if it breaks - which is a little more than Bitcoin's likely upside potential, even if the RHS is successful later on today on the daddy. *For updates in real-time this weekend please check link at top-left of main page
BITSTAMP:XRPUSDLong
by sumastardon
2
Bitcoin: BTCUSD Bitcoin: BTCUSD This should stay fluid for a while yet, giving day traders a great space to trade in... a break below 6000 for a move back to 5747 (can take 200 or so points on that long from 10 minutes ago now if you want...just trade from line to line shown on the chart...we're looking for a double bottom today to sjow loss of downward momentum and give a chance of getting long...swing traders too look for a double bottom. Bitcoin ain't dead or even dying. Opportunity knocks today. we gotta answer the door. More as it develops.
BITSTAMP:BTCUSDLong
by sumastardon
6
Bitcoin: BTCUSD This could be the low,take some profits at leastBitcoin BTCUSD need to be carefulnow to watch htis isn't turning here by making a right shoulder off support at 6300... Earlier, it was noted that 6300 marks 20% from the top, standard text-book stuff. It's Ok to fall 21% intraday, but not fall more than this (19% to 21% is standard stuff, right?) - well, spookily, 21% off the top is 6240 - and the low so far is 6218. So it could be here...lower stops to just above 6530, they may get hit so swing traders make about 400 points, maybe more if it swings lower from here, but am thinking more that this really could be the low for now...doesn't look quite over yet, and want that hit on the lower parallel at 5997 in ideal world before closing out and going long with a stop under 5990 - ready to short again if this level gives way (small loss but for spreads if wrong on the long...) That's the ideal, a complete flush out right back to the base of the stucture...but we might nor see it. Bitcoin likes to do things by the text book so far, so maybe 21% extreme could be the limit...so at this point you can close out at 6340 ish and take 600 points plus profit and take a break, or can set stops as suggestedif a swing trader, or you can stay with it, but risk reward is diminishing now. Maybe close out half and run the rest, ready to close out at 6000 if tested and play it from there as above. And if 6000-5990 gives way it's another short...Stay Lucky. On upside, when eventually the upper parallel is broken on upside and if it then survives the first retest,from above, start building long positions for rally to 6943 and short again from there with stop above.
BITSTAMP:BTCUSDShort
by sumastardon
Smart Execution, intelligently use stops to maximize profitThis post is for all those who are asking about the progress of the holy grail project. There are many ideas that are being poured into the project that are making it more and more effective, but this is proving to be one of the more interesting ones. The idea of an adaptive stop loss is nothing new, trailing stops are super common, and many low latency methods employ some linear envelopes in the core of their stop loss methods. What the Holy Grail project is employing and may be somewhat new to the trading world is the idea of a stop loss function whose functional dependencies are dynamic in nature and rely on non-linear combinations. This is naturally accomplishable with the help of exponential smoothing. The Holy grail project had a problem that it would have too many neutral entries and exits, but now these can even lock in profits as they go. The next step will be to look at functional behavior that would warrant reentries, or some sort of stationary stochastic selection process of when to exit trades. Take a look at the plot above. The red line is the reference line, crossovers represent when to enter and exit a trade. The lime and teal lines are the Smart Execution Traces (SETs) and suggest when to exit. Exciting times!
by mcbw_