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CLOAK/BTC (CloakCoin) “Last Move Hit >17X! New Wedge Formed!”CLOAK/BTC, 5/23/18, analysis completed at 9:00 PM EST, by Michael Mansfield.  Hi trader friends, for this post I am using “3 day” price bars with Candlestick wicks removed. And, we are using Log Scale, which can make a huge difference in look and analysis results. Read why below. But first... BOTTOM LINE FOR CLOAKCOIN: CloakCoin is likely in the late stage of a cyclical correction down. Cyclical UP-move due next. Must first break above this wedge formation @ 0.000148 (or higher, to be safe). 1st measured move price target up from there = 0.60 to 0.0066. 2nd target up = 0.0133, the highest yellow dashed line. 3rd target up = 0.0175, the upper paralleled channel line (white) on or around December 21, 2018, if we get the breakout up. Cycle highs are due November 9th and December 21st, 2018, for these two cycles. Bullish view negated if a 4 hour close below 0.00076 (dashed pink breakdown line). If breakout down, target becomes a likely consolidation down to 0.0002950 to 0.0002350 area. CloakCoin has been around since 2014 and, like some successful cryptos, has experience a few huge moves to the upside. Watch this one. MEASURED MOVE TARGETS HAVE WORKED WELL ON CLOAKCOIN. TARGET FOR EARLIEST MOVE ON THIS CHART: I measure the first all-time high and the subsequent lowest low move (1st vertical green arrow, far left of the chart). Copied that arrow, and added that price move amount to the first wedge breakout point of 0.00023 in March, 2017 (second vertical green arrow). That price range amount added to the prior wedge breakout point forecasted and matched the next all-time high in June, 2017, of 0.0038 on a closing basis! Subsequent price move amounted to a 16.5X move from the breakout point! That was not even from the low of the price swing before the breakout up. That would have been a move of 34.5X! WOW! Big move and perfect symmetry again (we talked about symmetrical price moves on our last post). CURRENT PRICE TARGETS: I measured the price range from the all-time high of rounding it to 0.0038 (closing basis) to the Andrews Pitchfork lower support line (lowest solid red line moving upward) at 0.0001886. Then, add that price range to what is likely to be the next breakout at the cyan (light blue) wedge resistance line (moving down off the all-time high tapping the recent swing high on a closing basis, on April 16th, of roughly 0.0001480. That range measures to an initial price target of 0.0066 area, a roughly 44x potential move! This potential move does not look like a 44x move because of the log scaling, but it would be! WEDGE BREAKOUT UP NEEDED BY MID JULY: VOLUME FORCE OSCILLATOR SUPPORTS BULLISH CASE: Klinger Volume Force, in the lower window, is trending up within its oscillation. It is likely to hit its lower support line within a week or two, then move higher as price rallies toward a wedge breakout. Be ready to buy the breakout up! The dashed white line is the Volume Force oscillator’s support line, from two prior swing lows ago, is a risk point for a breakout down instead of up. This is the same theory as breakouts from a wedges 2nd swing high or low breakout point. The 2nd swing point offers a high probability of a sustained move, but less of a move had you acted sooner. CYCLES: Longer-term cycle is up until December 3-12th. Shorter-term cycle (cyan color) is moving down until July 9-12 then up until November 9-12, 2018. Since larger cycles almost always dominate, the downward movement of this smaller cyan cycle may bottom sooner than the smaller cycle suggests. DISCLOSURE:   This analysis is meant for educational purposes only. You trade at your own risk!   Cheers!  Michael Mansfield CIO  
CLong
by UnknownUnicorn1613901
2
TRON, TRXBTC - Hourly ABCDE Pattern FormingAfter a nice climb TRON, TRXBTC has consolidated and found support around the 0.00000485 level. This looks like a good support area cause the 0.00000485 - 0.00000500 was several times previous support and resistance area. When you look at the Elliot Wave theory then you could see a bullish ABCDE pattern forming on the hourly chart. If this ABCDE pattern does follow through then we can see TRXBTC break out of the triangle and move another leg up again. And with all the hype and news coming for TRON, it might do just that. So here are some trade instructions if you want to short-term swing/daytrade TRON, TRXBTC: Entry Point: 1. Wait for a bullish confirmation when the ABCDE pattern is formed and/or a clear break of the triangle, preferably above the 12 and 50 ema as well to confirm the upward trend. 2. Enter near support/(E) point. You can get in cheaper/lower but the probability of a breakout or an uptrend is less likely. Profit Targets: 1. 0.00000556 2. 0.00000578 3. 0.00000600 4. 0.00000622 Keep in mind that you can take profits at any time when you feel comfortable or want to secure your profits. You don't have to wait for a target to be reached in order to sell. You can also sell a portion and let the rest ride longer. This will give you more patience to stay in the trade and let your winners run longer so you can have a bigger profit in the end. Stop Loss: 0.00000483. You can also trail your stop loss with the 50 ema if you want to have a tight stop and daytrade this setup on TRON, TRXBTC. Leave a comment if you have any questions. And until next time, good luck with your trading!
Long
by Trade_Masters
5
How to trade a "Flat Top" Breakout - VEN/BTC Trade ExampleThere are many ways to trade a breakout and a good one to trade during a bull market is the Flat Top Breakout. What is a Flat Top? A Flat Top occurs when there is a clear resistance level (flat top) and a slope of higher lows, indicating the upward trend: As you can see in the chart above, the pattern looks like a triangle with the top of the triangle being the horizontal resistance and the bottom is the upward sloping support trend line. That's why this pattern can also be referred to as the ascending triangle. How to trade the Flat Top Breakout? Entry Point: Enter after the resistance level, the "flat top" has just been broken with increasing volume. Stop Loss: Place your stop loss just below the recent swing low. Profit Target: Use the height of the flat top/triangle to determine your profit target or objective. In summary, the flat top breakout is a pattern that is fairly easy to identify and provide a good risk to reward trading opportunity. Using the information covered in this post will help you with a trading plan that, when executed properly, can offer good profits, manageable risk and a higher probability of success. 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
How to Trade The Box Breakout - NEO/BTC Trade ExampleIn life but as much so as with trading, we tend to make things more difficult than necessary. That's why with trading it's best to keep things simple and focus on effective strategies that have a high probability of success. In this regard, a rather unknown but simple and effective trading strategy with a high probability of success is the Box Breakout. What is a box? A box is considered when the price has consolidated and moves sideways in a clear range of support and resistance: On the above chart, you can clearly see the range of support and resistance NEO/BTC has consolidated in, forming a box-like pattern. Notes the divergence in RSI and MACD, which makes the pattern in this case even stronger. How to trade the box breakout? There are two ways to trade the box breakout: 1. On the initial breakout. 2. After the pullback of the breakout. This in case you've missed the initial breakout and often has a higher probability of success as well. 1) On the initial breakout Trade Setup: Determine the range with a clear support and resistance levels to set up the box pattern. Entry Point: Enter when the box or resistance level has been broken. Stop Loss: Place your stop loss (just) under the box or support level. Profit Target: Use previous (key) resistance levels to determine your profit target(s) or to take some profits along the way. 2) After the pullback of the breakout Entry Point: Enter after the pullback and the price is above the 12 ema again. Stop Loss: Initially, place your stop loss (just) under the 50 ema. When you're in the trade, you can use the 12 ema to trail your stop. Profit Target: Use previous (key) resistance levels to determine your profit target(s) or to take some profits along the way. Hope you this post has given a simple strategy with a clear setup and high probability of success or at least some inspiration to trade from. If you found this post informative and helpful, please give a like and or share. Leave a comment if you have any questions. And as always, good luck with your trading!
Long
by Trade_Masters
1
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
Trading Example BCPT/BTC - Know When The Next Move Is Coming!Have you ever been in the situation that you've missed a huge move on a coin but you didn't want to chase cause you were afraid that it would tank or dump on you? Well, my friend then you're not alone! Of course, depending on the situation or pattern formed, it's best to not chase a coin that's up a lot already. Usually, you're (too) late and there's a good chance that you'll enter a losing trade if you're not careful. And what if the same coin has retraced a lot after the big (initial) move and lost most of its gains. Now you think it could make another big move again soon. But how do you know if and when a coin is going to make another big move again? Yes, and that's the million dollar question which I would like to go over with you in this short post with a trade example on BCPTBTC, BlockMason Credit Protocol. So let's take a look. BCPTBTC big move, followed by a big drop As you can see, BCPTBTC started to make its big move around February 17 and topped just 2 days later, before dropping and losing most of its previous gains: So now you ask yourself if and when will BCPTBTC make another (big) move again? And what signals can you take into consideration for making an educated guess on its next move? Well, let's analyze... Signals BCPTBTC could make another bullish move again. When you look at the one-hour timeline, you can see the following: 1. It had a clear support area which held nicely several times. Also, this support level happens to be exactly the (end of) 0.786 fib. level. 2. Volume has dropped considerably, way less than before the big move but also compared to its average volume. 3. It was in a clear range and moved kinda "rangebound" for quite some time. 4. Last but not least, the indicators RSI and MACD both clearly moving up making a bullish divergence. And the result of these signals/points is (the start) of another big move(s) and run: So next time when you miss a huge move of a coin, then don't try to chase it if you're late to the game, but rather wait patiently for the pull back and look for these and other signals to "know" when the next big move is going to be. If you found this post informative and helpful, please like and or share it. Leave a comment if you have any questions. And until next time, good luck with your trading!
BLong
by Trade_Masters
3
How To Trade a "Flag Break", NANOBTC Trade ExampleOne of the best and one of my favorite (day) trading patterns and strategies is the flag or triangle break, especially in a bull market or after a huge run or in a clear uptrend. In this post, I want to briefly cover what a flag or triangle break pattern is and how you can trade this pattern with an example on NANOBTC. What is the flag break pattern? A flag or triangle pattern is formed when the price has consolidated in a clear (descending) range and support after it had made a big move/spike. Here's an example of a (descending) flag/triangle break: How to trade the flag break and manage your trade? Wait till the price clearly breaks the drawn flag pattern. Enter when the candle is above the 50 and 12 ema's (or any other longer and shorter timeframe ema you prefer) for confirmation, higher probability and which then serves as a support: Stop loss As a stop loss, you can use the 50 ema (or any other longer term ema you prefer but I would go with at least 30 or longer), underneath this level or just under the flag/triangle support line. Profit Target As profit target, you can use the initial spike/run as your target for the next runup: Obviously, 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 reduce your risk, give you peace of mind and more patience to let your winner(s) run. And that is how you win the game of trading, cut your losses short and let your winners run. 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!
NLong
by Trade_Masters
7