We are going long XLM and BITFINEX:XRPUSD due to some bullish EMA crossovers on the weekly. As long as price is above the EMAs we'll look to go long with even stronger confirmation if the 26 crosses over the 52.
Basically the same pattern as my prior pick from today - once the EMA 30/50 crossover happens take a trade on a new bullish candle after retracement and touch of the EMA. Ride it out to the cluster of resistance marked on the chart. SL below next strong bullish candle. Good luck.
Looking back at previous price action it's a less risky trade to go long ETH/USD once the EMA 30 is over the 50 on the daily chart. In this case, we are approaching that cross after a breakout from a few months of bearish price action. Once the cross happens I'm looking to go long on either: Lower high / lower lows Strong bullish candle after EMA touch...
Not saying it's gonna drop more, but that's some pretty massive hidden bearish divergence....
It's always easier to look back and see what should have been obvious at the time. This is a short case study of how one COULD have traded Bitcoin successfully from it's last epic run of 2017. This should be a precursor to what happens in 2018 and going forward. It isn't a 'method', but is an observation and an opinion that will guide my own trading going...
Ethereum looks tepid. We are in a descending triangle, not divergence in the indicators, and it's making lower highs on the way down. It hit the demand zone twice and never really gained momentum out. It still has a lingering supply zone around 1120, so even if it does manage to breakout it could become rangebound for a while. As Conor McGregor would say..."who...
Trying this small trade out just to get back into the swing of things after a break in XRP. It's been a while since I've taken any trades on anything. Long, 3 TP zones, 1 SL. Let's try it out and see if XRP is really breaking out to the upside this time. SL - 0.7 (bigger stop in case of a deeper retrace) TP1 - 1.3 TP2 - 1.5 TP3 - 2 (the one we are shooting...
Great looking chart w/ trendlines, divergence, support, and some fib lines thrown in for good measure. In summary, get ready to go long XRP.
If you are suffering FOMO over the ETH runup in price don't worry - there is some indication that we are due for a correction due to the major RSI bullish divergence here. ETH continues to make higher highs but the RSI is making lower lows. Basically, a true warning that if you caught this last wave you might want to take profits and run and for those that didn't...
3 demand zones to start going long. We will drop down to lower 1hr charts for the exact entry and use the low point of the demand zone as the stop loss. Will update trade(s) as they happen.
Keep a close eye on XRP - it is coming on a few different demand zones as identified by the yellow rectangles and RSI is getting into oversold territory. Go long once there is a strong reversal candle at either: 1.8, 1.6, or 1.35
BTC looks like it's on an upswing, but look at all the untouched supply zones it will be facing on the way back up - there will be lots of buyers who held and will be taking profits. Expect lots of consolidations, fake-outs, and retracements. Looks to buy when it forms new demand zones.
We have a nice couple of trendlines that form and then get broken, form and then get broken...Looking for when to buy into GNT? Just continue looking for conslidation, trendlines, and trendline breaks. Use your typical fib extensions for profit targets.
In the world of cryptocurrencies it is so difficult to know when to buy. Instead of trying to 'time the market', just draw some trendlines or use an automated tool (the one I use is: Auto-Trendline from Patternsmart ). Make your purchase once price breaks above the trendline. In this case, looking at Ethereum on the daily chart, you could have picked some up...
Confirmed upward trend (higher lows, higher highs). Resistance has turned to support. Price above 30/50 EMA. Wait for strong bullish candle to go long.
We are picking up more BAT with a stop loss at the last low once it starts to climb. Tight stop long profit target...
We live in uncertain times. One needs to be protect themselves from threats both foreign and domestic. How to do that? With guns from American Outdoor Brands Corporation of course! This company has recently double-bottomed and has great EPS, fundamentals, good P/E, ROE, etc. We will buy when price crosses over the 500 MA.