schuck15
The RSI Bear Divs and downtrend line resistance signal a pullback. The twisting Kumo (double settings) and already bullish TK cross and kumo on single settings signal continuation upwards. Increase in volume signals accumulation by "smart money". Overall market sentiment tells me it's altcoin season. All these considered I think this is a good time to get long on...
Bitcoin Breaking down. Still need all 4 of the bearish conditions on my chart to be met. If all are met I'm going flat and its possible we go back down to 7k.
Refer to Chart for reasons to go long and explanations of lines.
Bullishness increasing along with volume. Uptrend starting. Kumo Twist. Credit cards coming out. Good Trade
I recently had a loss on a stopped out E to E trade on KMD and a few of my others. Nearing the end of the day KMD is closing above the Kijun, in the cloud, and with a TK cross on the Daily. All these considered I will enter the trade with the close fulfilling all the above conditions. Just because a trade failed once doesn't mean you shouldn't try it again (with...
Good Kijun Bounce here. With BTC on the rise the alts are cooling down and returning to their means (Kijun). I use the settings (20,60,120,30). I got this from Chaos trader and his 100 MA Kumo breakout strategy and Josh O. on Youtube. Check out their channels. They both have a lot of great stuff on Ichimoku Hyo Kinko and fractal trade setups/
BNB was pretty much the first altcoin to break out and has now had it's major pullback. Right now I'm looking for Multiple Bullish divergences without closing below the bottom of the light blue support line. I am setting my targets near the bottom of the projected Ichi cloud (double settings) and a resistance line.
There are many great edge to edge trading opportunities here with good Risk to Reward Ratios. Most involve big possible percentage gains, but range from 10 to 20 percent possible losses. Make sure to only risk what you can afford to lose. For me that is about 1% of my account on every trade, but with all these opportunities I have decreased that to .5%. This...
You guys know the drill. Any Trade can win or lose Edge to Edge trades win more often than not Great R:R ratio INcreasingly good market sentiment It's go time
Fundamentals: People are crazy about EOS. Reaching for ATH on USD pair. Clear Skies ahead on BTC pair. Technicals: Lots of heavy resistance here on the daily chart (thin blue lines). Needs to close above the ATH candle close. Refer to Text and Circles on chart for insight.
There are many great edge to edge trading opportunities here with good Risk to Reward Ratios. I really like the fundamentals of REQ and I also like the technicals right now. THis along with "alt season" happening just make for a great opportunity here.
Kumo Bounce trade here. I will also enter if there is a bullish engulfing candle off of a Kijun or a Kumo Bounce.
Looking for a break of the cloud and a close above. I will enter on a Bullish engulfing close into the cloud or a break in, close, and a retest of the lower edge. A really good scenario will be a Kijun bounce into the cloud and then a retest
The green box is a great place for a bounce here. Lots of support due to Kijun and top of cloud.
Altcoin season has started and now is time for pullbacks due to Bitcoin gaining steam and breaking the log chart downtrend line. Lisk has good support here on with the 50 MA and Kijun in the same area.
Heavy resistance on the log downtrend chart (will post below in an update), hitting the 50 MA, psychological resistance at 8500, approaching oversold on RSI on the 4 hour and approching 60 on the daily (reference to John Hayden's book on downtrends and RSI), C-clamp on hour double Ichi settings. All these considered I am shorting BTC and place my targets around...
BTC will most likely bounce in the box due to Kijun support and cloud support. If it does break through the next level to look at for a bounce is the lower two boxes.
I'm using a double setting Ichi cloud and Black Kijun, with a full set of single Ichimoku and a Weekly Resistance point at 8161. Both single and double Kijun along with Double and Single cloud resistance are within the blue box. Set entry points at the bottom, middle, and top of the blue box. Target is bottom of the double settings cloud. This trade is called a...