mariobenitez1618

mariobenitez1618

As you can see we are still on a bearish trend. No clear reversal indication. I would wait until price rises above 51.40 to consider entering a trade. Again, confirm renko trend up with at least 2 bricks. Brick size .74 Look at Awesome Indicator too. You should look for it crossing the 0 line on the way up. You may buy before it crosses but trend must be towards...

mariobenitez1618

Still looking for an entry. No confirmations of trend change yet. Most movement has been lateral. You can see that in the Renko chart. RSI is on a down trend Updated Renko brick size to 0.72 using ATR 14. LTC is still bearish. We need to confirm trend change before entering the trade. Volume shows support around 48.38 which coincides with Fib at 48.25. If support...

mariobenitez1618

Waiting to see if trend remains up. If so, will likely look for a buy opportunity. Confirmation to buy: at least 2 renko bricks (0.72 size) - I just readjusted the brick size to the current ATR 14 - This one is almost a must! it signals the trend change. A single brick can be deceiving so you need a second one to confirm. Look for Stoch RSI going up on renko ...

mariobenitez1618

Trend is still downwards. Wait to buy until price shows trend reversal. Confirm trend with renko. You want to see at least a couple of contiguous green bricks, awesome Oscillator crossing 0 and price above ema12. Patience!

mariobenitez1618

Things moving very slowly. There is barely any volume in coinbase. Price action has been mostly lateral. Need to wait for confirmation before entering a trade. Currently out. Will likely enter a buy once price goes above EMA 26, confirmed by up trend Renko block size 0.88 and Awesome Oscillator crossing 0. Have to wait. Patience. That's the name of the game!

mariobenitez1618

I do 4 hour period for all my trades Waiting to get in. Consider buying when price opens above the 26 EMA, Awesome Oscillator is crossing 0 on the way up, renko confirms uptrend. Exit should be when price crosses EMA 12 on the down trend. Remember you are riding the wave up ... not forming it..so we don't buy until we see the wave forming

mariobenitez1618

LTc still going down. Fibo retractments point to a drop to 50.70 Renko trend also downward. Wait to buy until renko confirms trend up with a couple of green bricks. I'm using 0.88 for brick size. You could also use ATR 14. Look to enter the trade with renko trend and price above EMA 12 possibly also ema12 crossing EMA 26. Remember your goal is to ride the...

mariobenitez1618

LTC on a downtrend for the 4 hour period. I hope you got out when price crossed EMA 12 Wait for a couple Renko bricks in the up trend to consider getting back in Confirm trend with indicators: Stochastic RSI leaving oversold territory (crossing into shaded area) Acc/Dist on its way up EMA 12 above EMA 26. EMA 50 parallel. If trend continues up from...