Using our Momentum Indicators (tradelikeagenius.com) and L/R channels, protect your BTC position. We closed a quick TUSD trade overnight.
Price can go either way here. Signal says buy, channel bottom says buy, market action says sell. 100 upside, 200 downside. I am letting it commit first
Ripple is avoiding the BTC/BCH trade war, and is trading in a nice channel. We let our momentum and reversal indicators guide us, but a move into the channel is great risk/reward set up.
We call this the Futures market effect. Traders closing positions for the weekend. Traders tend to sell the futures, then cover to prevent risk over the weekend. We see this in the /ES and /CL markets too.
Rising channels, oversold retracements, at channel bottoms equal profits.
We got a moneyflow divergence alert from our prop algo and bought 278 puts for Friday at $.55, closed them at $1.41. The big money was sneaking out the door yesterday before the news, but cant hide from moneyflow.
We normally like to short the ultras but perfect setup for our signal and we took it. Now out 5.51, from 5.26 One day trade. Our signal looks at our Prop moneyflow signal
Like clockwork, the cryptos like to bounce into the weekend. If you buy on a DRIP basis like I do Thursday night is your best time to buy.
Go out of the money 10% and spread $5 to neutralize the vol crush, and enjoy the profits.
Our buy signal is looking for money flows.
GDXJ measured move to $38-$40 range. Everyone is expecting miners to fall. It is the dollar that is in trouble.