A great example of trading alt-coins with more than 500%+ profitWhen it comes to cryptocurrency trading, almost everyone is looking for quick wins... Buy and sell after 5%, repeat this several times in a week and boom... But what about playing the game in a different way... Here's a great strategy to make 500% on almost every trade you will make...
Just watch out for new cryptocurrencies getting into the game in Bittrex. For example, Enigma ( BITTREX:ENGBTC )... This coin has become available for trading on Bittrex appr. 33 days ago. When it dropped down and stabilized, I purchased plenty amount of ENG and hold it for 33 days. At the end of 33 days, I sold a small amount of ENG with more than 500% profit!!!
What you need to do is, you need to buy in accumulation phase and sell in distribution phase... It's so easy...
Happy Trading!
Accumulation-distribution
More Before Less Central Bank Stimulus To Run Economies Hot 2017Central banks are (again) helping bulls by keeping the stimulus active until they see higher inflation - according to rumors and speculation of the last three days, ahead of the next ECB meeting this Thursday, October 20, 2016, where Mario Draghi might surprise the market to the upside again, after the reaction to the last meeting was a falling stock market.
This could mean that we might get a very boring low volatility sideways choppy trending market in the next months until maybe even the end of January 2017, as shown on the chart. If these trend lines hold, the next move would be up, therefore a long to at least 2150 is the next logical step in this calm market scenario, if the low of October 13, 2016 holds as key support, producing higher lows as result in the days ahead. The upper end of this projected move higher could end at resistance around 2169-2171, which is the 2. long target after 2150.
Long entry: 2125-2130
1. Target: 2150
2. Target: 2170
Stop Loss: 2120
1. Reward: 20 points
2. Reward: 40 points
Risk: 10 points (from 2130)
The news:
"Draghi Seen Embracing More Before Less 'QE' as Inflation Edges Up"
www.bloomberg.com
Seventy-eight percent of the 50 economists surveyed by Bloomberg from October. 7-14 forecast the ECB will announce fresh stimulus, and nine in ten of those say it will happen in December at the earliest.
There is a common perception that WSJ reporter Jon Hilsenrath, perhaps one of the most well-connected journalists at the Federal Reserve. Here is his last article for the Wall Street Journal:
"Yellen Cites Benefits to Running Economy Hot for Some Time" (by Jon Hilsenrath)
www.wsj.com
(here a link without a pay wall) www.morningstar.com
P.S The "S&P 500" close of Friday, October 14 shows a lot of bullish divergence on the mainstream indicators (RSI, Stochastic, CCI) and the "S&P 500" bounced back from outside the standard deviation as shown by the Bollinger Band. Therefore there is still some chance left for the bulls to turn this sinking ship around during this outlined potential sideways trend.
Bitcoin Market Crash Cycle Comparison - Launchpad
twitter.com
If you are familiar with this image, you'll understand very well that market crash cycles can be found in every corner of the market. With the only similarity between all markets being the human beings behind the money (price), it would be sensible to think that the psychology & emotions behind these humans play a pivotal role in understanding markets and trading.
If we can break this market structure down into 4 easy-to-understand parts, we would come up with something like this:
1. Accumulation
2. Launchpad
3. Pump
4. Dump
Relating this to Bitcoin, it seems like the year long accumulation period is over, as $BTCUSD broke above major resistance $300 in October 2015. Based on my interpretation of the market crash cycle, we have now moved into the launchpad phase with our current price action raging between $294 and $502.
If Bitcoin continues to be the leading blockchain network, it should become widely regarded and generally accepted as the base currency of other cryptocurrencies. In the shorter term, the bitcoin halving happening in Q3 2016 will set the stage for a pump, and for that to happen, MMs must maintain the uptrend structure formed since October 2015. Any breaks below structure will either delay the pump, or lead to another downtrend.
Upside targets are $710, $995, and $1163.
Downside is $341, $280, $220, $160.
$NHTC eaZY 1800% Basic TA [ SnipeSnipe ]Look at this Market.. ok ok.. it doenst matter which market, but this is gone wild for the last couple of months.. perfect market cycle.. even foconacci Extension was working.. =) So lets crack da Nuts..:
Whats going on and on and on - every market every TimeFrame:
1. Accumulation
2. First Pump
3. Accumulation
4. Second Pump
5. Accumulation
6. Third Pump
7. Distribution
8. Pullback
9. Bounce
10. Sell off
Questions..? No.. Onto da next one.. Search those gems.. wait .. wait.. ALL iN.. $$$ ..! =)
Breakout Opportunity on USDJPY 240minUSDJPY is up to its same old tricks. The USDJPY like to consolidate tightly for periods of time then explode out of the range. This Breakout/Breakdown opportunity is setting up on the 240min chart. It's just a simple Balance Area. These Balance Area's are where "smart money" is either Accumulating or Distributing positions, we never really know what they are doing until we see the breakout. I'm favoring a downside break BUT I will NOT involve my self until I see a BREAK & CLOSE out of the Balance Area on the 240min Chart. Stops will go 1 ATR above/below Breakout bar. Targets are listed on the Chart.
Downside Scenario:
IF we break down, THEN we could be setting up a possible Head and Shoulders Pattern. This is shown on the Chart. IF this happens, THEN you will have the option to adding to your position or adjusting Target #2's to account for the Head and Shoulder Trade, just make sure you are following your rules in your Trade Plan.
Upside Scenario:
IF we break to the upside, THEN Target #1's line up with Structure (Look Left) and Target #2's will require us breaking into new Yearly high's. Breaking new highs is unlikely UNLESS we get a fundamental push like from the FED raising rates next week. I will be holding for Target #2's because that is what my Trade Plan says.
TIP: Having a Trading Plan helps to eliminate trading decisions based on "emotions". IF you don't have one yet, THEN I would encourage you to make one before making another trade :))
Best of Luck!