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ETHUSD Perspective And Levels: 345 Target Near. Stop Break Even.ETHUSD Update: 315 resistance breaks and subdegreee Wave 3 is in play just as I wrote about in my previous report. For those of you who go long in the 280s and 90s, 345 is my first target and 374 is my second target. Clearly a bullish catalyst has sparked the rally, at this point I do not even know what the catalyst is, I can just tell by the vertical nature of this price action. BTC is stagnant which is proving that these markets are competing for order flow and money rotates in and out of them on a selective basis compared to the"follow the leader" relationship I was looking to identify in previous reports. Now it's about managing the trade. 345 is my first target which I will sell half of my position. The 350 resistance is a target I have been talking about for a number of reports and I stick to my plan. The other half of the position I will let ride and look to sell 25% of it at the 374 level which is the upper portion of the resistance zone. And if that target is reached, then I will let my small portion ride until I determine my next target. The upcoming resistance zone is proportional to the .618 of the previous broad bearish swing. At the same time, I am now adjusting my stop to break even so that this trade no longer carries any risk. It is possible to give back profit, but that is not loss, that is profit. So my stop is now adjusted to 295. Also the 306 to 315 area which served as such a tough resistance is now a support level based on inversion. In terms of proportion, a retrace from current levels should not overlap this price area. Something to keep in mind if a minor retrace unfolds from here. As I mentioned in my previous report, Wave 3's are the ones that wow the market. And they are never the shortest wave in terms of the Elliott Wave rules. Once this wave completes, the next retrace will offer one more buying opportunity to complete the 5th wave of the larger degree Wave 5. I will be able to evaluate targets and risk once the new subdegree 4 is in place. In summary, this market is in a subdegree Wave 3 which is no surprise and has finally stolen the order flow spot light. I expect my first target of 345 to be reached today and if 350 breaks, the 380 area is likely to be reached in the next day or so as well. My stop has been moved to breakeven which means my trade carries no risk it's all about management from here. Price action analysis. It works. I would like to thank the Tradingview community for your support and appreciation, as of yesterday I have reached over 1k followers. Questions and comments welcome.
BITFINEX:ETHUSDLong
by MarcPMarkets
64
Counterparty Position IdeasThis is a follow up in response to a comment from a viewer, I've added on a few possible targets that you could use to manage this trade. I recommend that you split up the body of your holdings into different trade ideas with different expectations and time targets, so this is why I have given a range of possibilities. Having 3 separate positions in 1 position allows you to capture the POTENTIAL for gains over multiple timeframes AND to actually close out those profits while you have them but not lose all of the POTENTIAL to have the position continue to grow in value. You want some level of consistent exposure to have the best opportunity to get the most gains. Another great way to invest in Counterparty is simply to invest in Foldingcoin, which uses network hardware to study cancer and rewards the network providers (Full Disclosure: I do not own FLDC because I made 1000% on it so I sold it XP). I believe that profits taken on FLDC by the development team will be used to reinvest into XCP or that the price of XCP will become inflated regardless. Right now, Counterparty is experiencing a whale's shakeout, with naive underwater positions getting destroyed, but it's a great opportunity to buy, HOLD, and then watch like the eye of sauron, always watching.
XLong
by Piptocurrency
11
Bitcoin Bullish Channel Solid. Breakout to occur soon! Target 4kAs expected, our trendline held. We bounced: Trendline continues to hold support. A good sign. Bullish pendant pattern forming. Also bullish. Here's what I expect from Bitcoin according to our charts: 1) Break $2980 before Aug 1 and then come back down and bounce off it and up after. 2) Bounce around in here for a few more days before breaking up and out. Either way, the 3-4 week target remains at the top of the GREEN channel. Time to make some cash Bitcoin traders!
BITSTAMP:BTCUSDLong
by stewdamus
Bitcoin/Bitstamp. Your best price before another breakout -$3146Bitcoin is on a tear! These bulls don't want to rest. There will not be many more chances while we consolidate slightly here to hop on this train for a mad ride up to $4000 plus. However, if we do rest in the next couple days, look to buy at any price between now (currently $3446) down to $3146 and in the next 3-6 days. Consolidation won't last longer than this. If you can nab it at $3146, you've just entered long at a great price! In 3-4 weeks we'll be at $4000+. Hold tight y'all. Happy trading.
BITSTAMP:BTCUSDLong
by stewdamus
That time of the month again, shorting goldHello folks, been a while since i planned my gold trades and while some might be intuitive it's always better idea to plan carefully. Since my last update some gold made another run for the 1290s, beginning of June, after somewhat steady May with a lot of bears actions keeping it from reaching 1280. The wave is over and we are reaching downwards, with a target ~1230 to load before rocketing to the 1300s in July and August. We did similar trade for May, but here it is again. Overall the last trade went well, but the structure of the trades could be done better.I didn't trade gold during the British elections, but did close beautiful trade yesterday on the rate hike. However, I did miss 3 other trades by less that 0.50 cents and it was all downloads from there. Overall I made an lost, which brings me back here. Always plan your trades carefully. I'll try to find the time to share with you guys. I'll probably publish another idea before that but that might be the short before the long. I'm considering adding physical too. entry: 1267-1260 tp1: 1244-1245 tp2: 1233-1232 tp3(?): 1220-1218 Happy trading folks.
TVC:GOLDShort
by vessovit
EDIT: end of the month target for ETHER (EURO)Following yesterday's minor dip (not considered as a dip since it was testing support (source: twitter.com )), I reviewed how ether reacted after major liftoffs (i.e.: 19th May / 9th of June, based on our general LT supports & resistance (in complete line trends) and averaging this month's trending supports and resistance (in green and red --- trends), I'm very confident we will pass the 400€ mark by the 1st of July. Along that, if we consider Ether's behavior after major liftoffs, we can also think about a 448€ target being completed (green pointy horizontal trend) by the end of the month. The yellow dot trend isn't really anything ro think about, it's basically following the present trend and showing the end of month result (still above 400€) averaged on that trend. So ETHEUR target by the 1st of July, would be between 400€ and 438€. Carefull not to trust my analysis as an investment advice, this is speculation based on trends, there's a lot more that needs to be done to guarantee these results, as much as I am confident we will achieve them, we also need to volume. If you thought this was interesting, feel free to like, comment and share! Still a beginner in this so constructive criticism is always welcome.
Long
by kristopherbonnet