Buy: Current price or lower Sell: 481+ Stop-Loss: 397 *Possible pull back to low 400's before going higher
This is another update on my previous post on bitcoin using the same chart to guide our investment. In the last post we hit our short term sell zone. If you were patient then hopefully you made some profits or maybe you held. Everyone has a different strategy with trading but as long as you make money at the end of it then that's all that matters. Now that...
Looking for a pullback to green buy zone Reasoning: 1. Bearish on smaller time frames 2. Long wicks forming 3. Rsi touching oversold Reasons for bounce: 1. Ema's will act as support 2. .5 and .618 fib zone as support (not shown to reduce clutter) More reasons for bearish indicate a pullback. Once price pulls back we re-analyze to confirm uptrend Stop loss will...
Buy: current price or lower Sell Target 1: $596 Sell Target 2: $642 Sell Target 3: $685 Stop Loss: $514 Short Term Trade: Aim for 200 ema Will update as needed. Always monitor your trade. As price moves up move your stop loss up to guarantee profits
*High Risk Trade Buy: current price Sell: 8500+ Stop Loss: 7962 Again this is a high risk trade however the potential loss is small 1-2%.
4 hour chart Nano at it's lowest since being listed on Binance Looking good on smaller time frames Use fib levels as sell targets I am personally holding for the mid to long term. Huge potential in my opinion
Buy: Anything above 707 (currently 730) Sell Target 1: 813-824 Sell Target 2: 859-871 *Sell Target 3: 909-928 Stop Loss: 683 Will post a follow up if all targets are met. *Assuming a bearish stance target 3 is the least likely to be hit
Updating the last post on bitcoin We perfectly hit the bottom of the buy zone Price was rejected at the dotted blue trend line Pulled back as expected Now aiming for the red trend line indicated by the arrow.
1 hour chart Expecting a break to the top of channel or 200 ema R:R: 2.06 Buy zone: 661-676 Sell zone: 700+ Stop-loss: 653
Looking at the daily chart we can see the RSI is oversold. In the history of bitcoin, every time bitcoin is oversold we see it bounce. We are also sitting on a trend line support currently which I believe will hold due to the RSI being oversold. I have circled in black the points that bitcoin reacted to that trend line. I have drawn trend lines lower that...
A lesson on the golden cross and the death cross. Very simple strategy on the 1 hour chart. (works on all time frames) Look on the chart and you'll see we have two ema's. The orange is the 50 ema and the blue line is the 200 ema. Golden Cross: when the the 50 ema crosses the 200 ema, resulting in the 50 ema being ABOVE the 200 ema. Death Cross: when the 50 ema...
Trend lines are one of my favorite tools to use. In hindsight I should have seen this coming. But the reality is I missed the shorting opportunity. The good thing is there are endless opportunities when trading. What you should remember is we have four options: 1. Buy and hold 2. Go long 3. Go short 4. No position As long as we can short the market, there...
Interestingly enough XRP is one of the few alt coins that hasn't broke down like many other coins. We've gone into a sideways symmetrical triangle. A symmetrical triangle can go either way but I'm looking for it to go down. But of course be aware of both the bullish and bearish scenario as symmetrical triangles can go either way. My bias is towards the downside...
Hoping to catch IOST on this dip. Laddering my buys from the .5 to the .618 with a majority of my buys at the .618
If you guys read my post about tron and how to use the RSI to find divergence, then you'll know that I also said, it's not recommended to make trades simply based on oversold or overbought conditions. I will say it again if that wasn't clear. Buying a coin simply because it's under 30 (oversold) is a TERRIBLE strategy. Selling because the RSI is over 70...