district0x, What To Do With This One? THIS IS HOW TRADING WORKSNothing goes up in a straight line... Not with these charts.
When prices are going down, we see bounces, green candles, fake moves, recoveries... Then continues the drop...
As prices move up, the same is true...
We have red days, drops, retraces and then the growth is resumed.
We trade but we also read charts.
For me, I have to focus on the reading, this is what I am doing for you all.
For trading, the ups and downs are irrelevant... This is how the trading goes.
Prices going up for a while can be nice but be prepared knowing that they will eventually fall.
They can fall for a few hours, a few days, sometimes weeks, or even more...
When the drops stop, the market resumes the growth.
Back to trading; we don't worry about this at all.
We keep it so, so, so simple...
This is how trading goes.
We set a target (sell price for-profits),
And we also set a stop-loss (sell price in case things go wrong).
Whatever happens in-between does not matter.
We just wait patiently and let our trade develop...
THIS IS HOW TRADING WORKS!
Namaste.
Bittrex
Mainframe Hidden Bullish Divergence Can Lead To...We are looking at the hidden bullish divergence between MFTBTC and the MACD.
First, here is the MACD, notice the purple line (lower lows).
- There is also a young bullish cross and the histogram going green.
Now, look at MFTBTC, notice the purple line (higher lows).
Can you see it?
That's the signal.
Note: Spotting certain bullish signals have no real meaning/value when it comes to trading...
The market is unpredictable and can always change.
What these signals can be used for is to support the action, buying or selling, that you will take/make.
Feel free to hit LIKE now to show your support.
Namaste.
Luna Starts To Look Up (How Does It All Works?)The bias on the chart above can be seen clearly...
Prices continue to aim higher.
The market moves in cycles...
The pairs move in cycles/waves...
We always have up and down, up and down...
In between cycles, we have consolidation and distribution periods.
After the strong bullish wave that took place for LUNABTC, we have a classic strong correction... This is where beginners get scared and think the pair is done.
But if you look at it closer, you can clearly notice higher highs and higher lows.
When you get HHs and HLs, this signals that the bullish trend is still on (uptrend), so we can expect additional growth.
We can wait patiently for the next jump.
Only if prices print lower highs and lower lows, we can expect for things to go wrong.
As the chart looks now... The Luna bulls are in full control.
Namaste.
Blox Bounces, Time To Move Up!Here is a very simple signal that I like and enjoy...
When you see MA200 dropping fast down but prices move above, this is a signal that the next move will be up.
Keep in mind that is recommended to look for multiple signals to support your bias...
One signal can be good/strong but in my opinion is never enough.
Also, make sure to build a plan before you trade.
The signal can tell you about a price jump/drop, but it doesn't tell you what to do after so better prepare.
Namaste.
Another Look At IOST Since Our May Trade (80%+)Patience is key... Is true.
For many, a month is a very long time to wait, especially when you are just getting started.
If you are not trading or you incur a loss, it is not that long to wait 30 days plus to earn 83%...
It is worst to lose small amounts over and over by changing trades...
See it below
That's how our IOSTBTC trade looks after just 40 days... Remember this always... It is better to wait and win than sell and fail.
Now, this pair can produce so much more growth.
Prices are just moving above EMA300, which opens the door to an impulse move.
The next target is marked on the chart.
Namaste.
Fantom (FTM) Continues To Grow... (Results Inside)We got Fantom (FTMBTC) since early and we also have the full trade, shared below, with over 66% of profits...
What will happen next?
First, here is the full trade signal shared back on April 12:
What we do now is that we sell a portion at each target to secure/collect profits.
We do not buy when the prices/trade is already moving (FOMO), you can do so if you know what you are doing, we only buy when prices are low/red/trading near support.
Once the action starts, we wait patiently and collect profits on the way up.
Keeping it simple... Buy low, sell high.
Once you hit bottom, the only place left to go is up.
This is not financial advice.
Thanks a lot for your support.
Previous chart | Jun 2
Namaste.
distric0x Chart Mapped by RequestBy the request of one of our followers, here we have the distric0x (DNTBTC) chart.
There are always multiple scenarios that can play out at any time, it is hard to guess/predict exactly when or where each candle will close.
Instead of trying to predict exactly when or where the price/value of a pair will be, I rather and try and predict the levels where the candles will turn (change of trend) and ride the whole wave.
Here DNTBTC is switching from bearish (dropping) to bullish (rising) which is exactly what we want.
If we can find the next resistance levels and also the support, we can know when the trend will potentially change.
After a support/resistance level is conquered, we can consider the change 'confirmed'.
Here DNTBTC broke below support just to quickly bounce back up.
Above support (blue square) we remain bullish and aiming higher.
If prices break below support, this is a signal that there can be more red.
If by any chance you are trading, it is wise to close the trade and try again on the next wave.
It looks like DNTBTC will need to consolidate longer before printing really strong growth.
If prices remain above MA200, it can continue straight up... I think a retrace is more likely before the next jump.
Thanks a lot for your continued support.
Namaste.
Enigma- "Cup Pattern" Explained, Chart Signals, Bull Market NextEverybody is always talking about the "Cup & Handle" pattern... But what about the cup without the handle?
When you see this "cup" pattern, this is mainly a bullish signal.
This pattern normally leads to one of two major outcomes, as follows:
1) Straight up. When the 'baseline' of the cup is broken, prices can go straight up.
2) Retrace then jump. To complete the "cup & handle" pattern, we also get a drop before the jump, this would basically complete the cup & handle pattern.
Now, please keep this in mind if you are trying to read your own charts, one signal isn't enough, it is better to have a combination of signals to support your bias.
On the chart above we also have the 'purple trendline' which has been conquered, you might want to wait a bit longer since prices can drop back down.
We look at a candle close for confirmation but waiting longer is always possible since sometimes the market/bots print fake moves. Meaning, prices can break above the trendline just to quickly fall back down.
What are the bullish signals for this chart?
Enigma (ENGBTC) Chart Signals by Alan Masters
Cup pattern
Strong MACD.
RSI above 50.
Above-average green volume on the breakout.
Prices trading above EMA10/50/100.
MA200 going flat...
These are just a few signals that I can catch quickly by looking at the screen but there is always more.
There are also countless indicators that can help you gain additional signals if you are not sure as to what is going on.
If by any chance you read a chart and you are not 100% sure, you can skip it and find another one... The market is always full of opportunities and something is always going up.
As you learn your charting... Make sure to be grateful for everything that you have, be grateful for the good and the bad, it might not be what we want but life has intelligence of its own.
If you trust...
This time around you will WIN BIG!
Practice patience.
Breath deeply...
Take your time before joining any trade.
Take your time to build a plan.
Take your time to study and practice.
Take your time to make your choice.
If one opportunity goes away, there will always be more.
We can take it easy, this is only the beginning... the Bull Market is yet to come.
Namaste.
Status "V Bottom" Pattern | Signal ExplainedHere we have a "V Bottom" pattern for Status (SNTBTC), this can signal that a low is in and prices can resume or reverse up.
Here you can see prices breaking below MA200 (black line) to form the v bottom, and later moving back above this level.
I also marked the main strong support and resistance levels.
Feel free to hit LIKE for more.
Namaste.
Eidoo Going Bullish (Another Fake Breakdown)This is how I see Eidoo (EDOBTC) easily printing over 150% in growth.
First, EMA100 needs to be conquered.
The last low is a "fake breakdown". Meaning, prices only broke below support to hunt for stop-loss and remove weak hands.
We know this since we can see many altcoins breakdown just to quickly move back up with massive force and strength...
Daily, the charts can always change.
What seems bullish today, can change after a few candles close, that is why it is very important to build a plan/strategy before you decide to trade.
Yes, the chart is bullish, but what would you do if you buy-in and the price goes the other way?
Would you sell?
Will you hold?
By answering those questions, you will know what to do regardless of how the market moves.
----------------
This information is shared for learning and/or entertainment purposes only. This is not financial advice.
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Thanks a lot for your support.
Namaste.
Ripple Prints High Volume, More To Come (Trade Inside 7X)Ripple used to get a lot of bad rep. from us cryptocurrency lovers... You know, the whole centralized stuff... Well, now the feeling is completely different, Ripple has become part of the market and we take it for what it is... Another altcoin that can be traded for profits for those who have the knowledge, patience, and experience to do so.
I also believe that the more choices we have the better it is for all of us...
Now, here is the full trade that you can use as an adjunct to your trades toolbox.
This is not financial advice, of course, all the information shared here is intended for educational and entertainment purposes only and can be used to help guide you find the important resistance levels and support on a chart... Everybody can use this information in whatever way they see fit, hopefully, to improve your trading skills and produce better results... See below!
After May, the altcoins market will start a process of sustained long-term growth.
Feel free to buy now and reload all your favorite altcoins... What is coming is a great opportunity if you prepare yourself before the action starts.
When everything starts moving, if you are not prepared, it is hard to make the right calls.
Always remember to take your time before taking any actions, buy/sell... Always wait/hold when in doubt... Build a plan/strategy before buying any coin.
This is Alan Masters.
Thanks a lot for your support.
Namaste.
Streamr DATAcoin Perfect Ascending TriangleThe "ascending triangle" is a continuation pattern and bullish in nature.
Here can see where the Streamr DATAcoin chart (DATABTC) printed a perfect ascending triangle that produced a bullish breakout.
When you see this pattern, the bulls are in favor.
Namaste.
TCT Fake Breakdown, Manual Stop-Loss To The RescueTCTBTC (TokenClub Token) just printed a fake breakdown and we are safe thanks to our manual stop-loss.
The entire cryptocurrency market had a strong drop, a correction, that is starting to settle and everything is going back to normal.
We call it a "fake breakdown" because prices went below support just to quickly move back above it... So this is only a market move to remove weak hands. It is also called a stop-loss hunt.
We use the "manual stop-loss" on the weekly timeframe, meaning that we only close our trades when prices close below our stop-loss/support on the weekly timeframe.
Here, TCTBTC dropped as far down as 57 satoshis (0.00000057) but this only lasted 1 day... Patience is key.
The next day, today, prices are moving back up and the chart for TCTBTC looks completely normal and healthy. Patience is the solution to this last strong drop.
Below you can find more information about our manual stop-loss.
This is not financial advice.
Thanks a lot for your support.
Namaste.
Is Bitcoin Bearish or Bullish, $10k or $5k? Everything ExplainedWhen charting (TA), we look at multiple timeframes and each timeframe has its own meaning and tendencies.
Bitcoin (XBTUSD) can look bullish short-term, 1H timeframe while looking bearish long-term, weekly (W) timeframe, as an example.
Charts are always changing... This is something to keep in mind.
The 1H (short-term) chart can look bullish and strong at one point, but only a few hours later everything can change if a support level is broken.
It is important to pay attention to the timeframe.
Right now we are looking at Bitcoin (XBTUSD) again on the 1H timeframe and this chart is now bullish, compared to earlier to it was bearish... but why?
Prices are now trading above EMA10/50/100 and MA200 before prices were trading below those levels.
Trading volume is starting to increase before the trading volume was low...
This is how it all works... We translate what is coming from the charts.
Bitcoin right now is bullish short-term... Thanks a lot for your support.
Bitcoin Higher Low, Bounce In-Play | Next Target Mapped (Trade inside)
This is our full LONG Bitcoin (XBTUSD) Trade.
Remember to hit LIKE to see the full trade details...
Namaste.
Volume Indicator, Gas Starts To Fly (100%+ Mapped)GASBTC is starting to fly and we have really good volume coming in... Let's take a quick look at the volume indicator.
We usually mention volume as a very important signal/indicator when it comes to TA. Any move that happens we always look for volume for confirmation.
Good volume is good for the bulls we always read/say.
Recently the market cycle changed from bearish to bullish, and we are seeing strong bullish action on low volume in some/many cases... This isn't a bearish signal anymore since we are in a bullish cycle, it is more of a "continuation" signal.
So if you see a bottomed out altcoin producing a low volume break above EMA10 and EMA50, instead of seeing this as a bearish signal telling you that prices can quickly reverse because there is no volume support, instead we see it as just the beginning since prices are moving higher and the trading volume is yet to come.
When we looked at GASBTC, we can find a good example of what I just wrote.
There was no big volume when breaking above EMA10 or EMA50 (just the beginning), but prices kept on moving higher and there is big volume now to challenge EMA200 and for GAS to continue going up.
Yes! We continue to look at trading volume for confirmation, but this can be better used now when it is time for a drop. If prices drop on low volume, you can take it as a signal of a retrace that won't go for long. But if prices drop on big/above-average bear/red volume, then you can take it as confirmation that prices will likely continue to drop.
That's the volume indicator based on my experience after years of looking at these charts.
Namaste.
Raiden Network Token Starts To Bounce | Chart Mapped +142%Here I have another chart for you and I will go into detail on the meaning of the different things I draw on the chart.
The small and red/green arrows are always on my charts... What do they mean?
Our main tool for chart reading/technical analysis is called "candlestick reading" and even though I don't mention much the different conventional names for the candlestick patterns, candle closure is what I use for my trades... and feelings/intuition/experience, for the most part.
Most of the time, the signals aren't strong enough or are just too early, meaning that they haven't been confirmed.
Any conventional trader would jump, go away and dismiss the chart all-together, but charts are always changing and even a confirmed signal can easily reverse and a trade go wrong... What can't be wrong is your own inner guidance, what you are feeling, your intuition is boss.
That's why some charts have not enough signals, yet I share the trade and the public has access to all the results.
What I mean is that I get it right more often by following my heart that any conventional practice that I read while I was studying to learn how this all works.
My main suggestion for you, if you are a beginner trader... Follow your heart, don't second guess yourself, practice and base your strategy/system on your own results.
Don't let anybody tell you how it works... Get the results you want and if you have them, you know that your system is valid... YOUR STRATEGY IS NOW WORTH GOLD!
Namaste.
Qtum Moves Above Resistance With Big Volume | TutorialQtum (QTUMBTC) just broke above EMA100 on massive volume... This volume is much higher than average.
You can see the volume bars/indicators right below the candlesticks on the chart above. This has to be the best indicator of all...
Big volume GREEN = Bullish.
Big volume RED = Bearish.
Here we have a really big green volume to move up and break above resistance. This signal is telling us that Qtum is preparing to move up.
Just a quick one...
Hoping that you enjoyed it.
Namaste.
Perlin Is Moving | More Growth Or Fall? | TutorialPerlin (PERLBTC) made a move yesterday and managed to close above EMA10, which is a bullish signal... Today, a big rejection is in play as well as a big bear volume bar so we need to be careful as there can be additional fall.
A new All-Time Low (ATL) was hit recently, this will be the main support (bold red line).
Keeping it simple
1) If the main support is broken PERLBTC will test the lower support levels.
2) If the main support holds or isn't tested, then PERLBTC can consolidate (blue arrow) or move higher.
As you can see, there is no prediction here.
You can take action, buy/sell, based on what is happening rather than predicting where the price will go.
As for the chart signals
The MACD is bearish.
The RSI is weak, not strong enough.
A big red volume bar just showed up. The green volume on the bounce is below average so there isn't much strength on that small jump.
Bullish divergence is building up with both the MACD and RSI, but with all the bearish signals above this one isn't enough.
To trade, we must have a plan, what to do if prices go lower? What to do if prices go up?
Now, how you decide if a pair is good to trade before you go and find the support levels, the targets, and the stop-loss?
You use the chart signals. If the signals support the move that you are seeing then you can decide to trade or not.
I wouldn't trade Perlin (PERLBTC) right now, there are too many bearish signals and there are better-looking charts.
All the information shared here is for learning and entertainment purposes only...
THANKS A LOT FOR YOUR CONTINUED SUPPORT.
Namaste.
VIBE Action Starts Now | Full Trade Inside (Over 132% PProfits)You know what I always say right?
PATIENCE IS KEY!
The first lesson I learned while buying and selling cryptocurrency.
Early on getting started, making an unlimited amount of mistakes and losing money, after a few months (years) of doing it wrong, I realized that just waiting would have been a million times better than buying and selling with no idea of how to read charts, how the market works and how far up or down a crypto can alter...
And here is VIBEBTC (132%), below you can see our full trade from August...
Profits are starting to come in... That's the whole point of this article... Not to collect profits, but learning, knowing and benefiting from knowing and applying the fact that patience is key to win.
So if you manage to build your patience for trading or while trading, it will increase your chances and possibilities to win. You will be able to make better choices and you will also be able to better enjoy the profits that will come in.
Additional Tips for Trading & General
Build a plan (prepare for all outcomes).
Do your own research (if so you wish).
Get started! (when you feel ready).
Jump in & wait patiently (when you are 100% sure).
Hit like. (If you want to show your support or enjoy the content).
Enjoy your profits as they come by selling on target. (always secure profits by selling on target).
And be open to receiving and grateful for every single penny that you receive. (being grateful will bring more into your life of what you are being grateful for...)
It is not the trade, not the altcoin, not the trader, not the amount you put in that will decide how much money you make, how wealthy you can grow to be... It is all about your energy and your own life belief... So start believing that you are Rich if that is what you want to be or start being Rich, if that is what you want to be.
Get up and get started...
Namaste.
Perlin [PERLBTC] | New Binance AddThis is a new Binance Add (Perlin )
Perlin is a leaderless, highly scalable, PoS smart contract platform with a mission to power the future of decentralized technologies and accelerates the transformation of international trade to a purely digital, autonomous industry.
Wavelet (Perlin's ledger) is a highly scalable, PoS smart contract platform that achieves a throughput of 31,000+ TPS and consistently has 0 to 4 second time to finality, all of which is made possible by Wavelet, a DAG-based probabilistic consensus mechanism. It also has a leaderless proof of stake protocol which does not use committees or delegation ensuring the security properties of bitcoin but speeds comparable to private chains.
Perlin is pursuing several adoption strategies but is currently focused on the $US 11 Trillion international trade market with its distribution partners such as the International Chamber of Commerce, Enterprise Singapore, Dubai Chamber of Commerce and others.
The biggest IEO on Binance... Share your thoughts in the comments section.
Where is Perlin headed?
How do you like the project?
Are you in?
What about the team behind it?
Thanks a lot for sharing.
Namaste.
Celer Network (CELRBTC) Bull FlagCeler Network (CELRBTC) is now showing a classic "Bull Flag". This is a very common pattern and tends to lead to a breakout to the upside.
This pattern can become invalid, so it is only a possibility.
We can use this pattern together with other signals in order to try and predict what might come next for this or any other asset.
Thanks a lot for your continued support.
Namaste.
OmiseGo Full Chart Analysis + AlanMasters TOP Signals DetailedOmiseGo (OMG) Overview
OmiseGO (OMG) is a public Ethereum-based financial technology for use in mainstream digital wallets. OmiseGo enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and disrupt existing institutions, access will be made available to everyone via the OmiseGO network and digital wallet framework.Omise, which serves business customers in Japan, Thailand and Indonesia, currently operates an ecommerce platform that lets companies take payments from customers online. It has a full-featured white label payment management platform for these businesses. With OmiseGO, and the OMG token, Omise aims to simplify the barriers to payments by removing the need to own a bank account.
OmiseGo (OMGBTC) Chart Analysis
Here we are looking at the chart for OmiseGo (OMGBTC) on Binance. We are going to be looking at it from late 2018 until today and focus on the main signals that I look for to find out bottomed out altcoins, or in a potential reversal zone.
It is all pretty simple and easy, and we use the same signals almost always as they work pretty well in general, but we also know about chart patterns, candlestick reading, price action, and so much more...
Bullish divergence on the MACD (purple arrow). Notice the price of OMGBTC going lower. Now look at the MACD (the first indicator below the chart) and notice the price moving up... That's it, bullish divergence.
MACD Bullish crossover (green circle). On the same indicator, the MACD, notice how the MACD (blue line) crosses up the Signal (orange line), I call this bullish crossover... Most likely it has another name in the books but this one easily gets the message across.
RSI hit oversold and is trending up. The last indicator at the bottom is the RSI. When it goes below 25 we call this "oversold". This is a buy signal on its own.
Low volume. Volume is still low, this is a bearish signal. You want to see above-average volume when you see a bounce of this type... But this can also mean that volume will come up later and that there is still lots of room left for growth.
Break above EMA10. We use EMA10 (green line) as the main resistance/support (depending on where it is sitting compared to the price action). Below EMA10 = Bearish. Above EMA10 = Bullish.
These are some of the basics, you will see these over and over and over. I came up with these by looking at the charts for hours and seeing how the candles and indicators behave, then practiced to see if I made the right conclusions... I made it all up.
In another trade idea, we can take a look at candlestick reading which we also use commonly.
Feel free to leave a comment, follow or like if you enjoyed this content.
Namaste.
Everex Generates Profits Over and Over (495%)Everex (EVXBTC) is looking bullish on the chart, a solid altcoins project. Let's take a quick look at the fundamentals before starting with the chart.
Everex (EVX) Overview
OPENING BORDERS FOR SMALL AND MEDIUM SIZED BUSINESS
The Everex global payment service enables small and medium-sized business to safely access the world’s markets at costs previously only available to multinationals. With Everex, SME’s can securely send and receive payments to and from abroad in any currency, safeguarded by smart contract technology and at the best exchange rates available.
Join the Everex payment network today, and free yourself from FX rates set by your bank, resting assured that agreed-upon payments remain irrevocable and settle in time.
Everex utilizes the Ethereum blockchain for all its services, allowing clients full transparency into Everex transaction processing. Everex is particularly valuable for clients trading in non-deliverable currencies.
Everex (EVXBTC) Chart Analysis
Everex (EVXBTC) mage good money for us in the past and right now the charts are preparing for another round. Let’s take a look:
After EVXBTC printing an inverted hammer (marked blue circle), the average trading volume keeps increasing.
We can see bullish divergence on both MACD and RSI.
The RSI is sitting strong at 50.
And EVXBTC is now trading safely above EMA10.
We can expect EVXBTC to challenge EMA50 (magenta line) pretty soon.
Daily chart:
Here we can see EMA200 (bold orange) working as strong resistance. If this level can be broken, EVXBTC can have an impulse move up.
Previous EVXBTC trades for 100% profits:
(1)
(2)
This is round 3.
Feel free to hit like.
Namaste.
Let’s get started!