BIT
BTCUSD on the dailythe markets printed us a nice big bullish engulfing on the daily almost hitting our final target for this 3 wave push of 4200.
still not over yet so we may get there over the next day or so, how ever our algo is spitting out some take profits now.
depending where you draw your fibs from the 38 could be a solid rejection around 4400 which lines up with a strong rejection from a month or so ago.
right now we are sitting on our hands and waiting for a rejection around 4200 area.
daily volume still steadily climbing but cci getting higher and higher with out a solid swing low on the daily so expecting this uptrend to either come to an end or atleast have a heavy pull back soon.
that daily reversal signal is where we will flip our bags and turn back into the big old bad bear ggrrrrrr
Bitcoin Cash Pattern Continues (Short)We are approaching the end of this bearish 'looking' triangle (I say 'looking' because there is no certainty!). It looks to be a break to the downside as the bullish indicators have still not shown in full, just check out the trading volume for 1. The question is can we go lower than the all time low? And if so, what are we in for? Let's see and wait what happens!
ETH / BTC / XRP / result
ETH
-3.15% loss
Eth had been declining since middle of July so there was no tradeable section for a while and then we had a buy signal after that.
Had pretty large amount of volume (Dark yellow indicates that buy volume is greater) and it's considerably okay to say that good time to trade because its trend breakouts after Inverse H&S.
Eventually, as Bitcoin drops off after it breakouts previous high, all of alts that was going higher and higher tumble; which causes sell signal occurs for ETH.
It continuously declined after sell signal. And because sell signal occured way above the resistant line, the price hasn't reached where the sell signal occurs yet.
Had to cut the loss. Good loss cut though.
HODL vs Basel seed comparison graph (Invest-all. 0.1% of slippage and fee applied.)
BTC
-2.39% loss
After it breakouts the box, Bitcoin shows pretty good trend there.
Volume follows (Dark yellow color in the background means Buy volume is greater) and buy signal occured.
The signal occured a little bit later than expected because volume came in a little late. (A lil disappointed tho)
In order for BTC to keep going higher for short term, it had to hold support area near 6550. But it failed to hold it and additionally declined.
Sell signal occured as sell volume increases. But the sell signal occured above this support line so the price hasn't bounced back to where its sell signal occured yet.
It's-2.49% loss cut and feedback on this signal is that buy signal occured a little bit late.
HODL vs Basel seed comparison graph (Invest-all. 0.1% of slippage and fee applied.)
XRP
51.36% Gain
This algorithm is for swing trade which means it will give you a buy signal near ankle and sell signal near shoulder.
Volume followed a little bit late and it soared in a short period of time so buy signal occured a little bit late.
Buy signal was a little bit disappointing. But sell signal occured near shoulder area that volume getting declined so it's good.
If you are the one that sell very often just because u thought it's a highest price but then it turns out that it was somewhere near knee, pelvis, or belly point, then it's really hard to increase the total amount of balance on your account because of poor profit-loss ratio
Profit-loss ratio = average profit/ average loss
HODL vs Basel seed comparison graph (Invest-all. 0.1% of slippage and fee applied.)
If you missed our first HUNT, you may want to check this!REDDCOIN/BITCOIN
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00000080).
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.00000058(day close price) based on reversal candle ( Hammer ) at 03.18.2018.
Total Profit: 208
Closed trade(s): 108 Profit
Open trade(s): 100 Profit
Closed Profit:
TP1 @ 0.00000081 touched at 04.11.2018 with 23 Profit.
TP2 @ 0.00000092 touched at 04.11.2018 with 34 Profit.
TP3 @ 0.00000109 touched at 05.02.2018 with 51 Profit.
23 + 34 + 51 = 108
Open Profit:
Profit for one trade is 0.00000083(current price) -0.00000058(open price) = 25
4 trade(s) still open, therefore total profit for open trade(s) is 25 x 4 = 100
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.00000124
TP5= @ 0.00000145
TP6= @ 0.00000196
TP7= Free
Technical analysis:
ReddCoin/Bitcoin is in a range bound and resumption of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 41.
wait for the Hodam end Eve memetic greenboxmemetic entry.
we may see a bounce in the upcoming week but got to be superpicky on entries in this bear market.
Stoplosses, liquidations, short orders, this green box is a good buyzone. perhaps.
If it doesn't happen I don't long. if it does not reject price cut fast.
BTC :- 4Hr Chart Analysis Hi Guys
Bitcoin is now in a major testing zone.We saw a perfect pin bar pattern on the lower time frame charts and have since moved up but have given up those gains soon too.
At the moment a RSI Positive Divergence is taking place and that involves the RSI Falling while Price are not below its previous lows.
Keep in mind such a divergence is of benefit only if BTC picks up substantially from here on.
I have still not turned bearish as we entering support zone territory from 8024-8450 as BTC could turn swifty from here on and confirm the "Higher Low" Formation that we have been speaking about.
BULL BRING HEAD AND SHOULDER ... BEAR BRING THEIR EMA! WHO WINS?After 57 days of showing bear signals , BITCOIN now is showing a signs of reversal , but still there is a EMA giant in front of bitcoin at 9000k lvl which is the neckline of reversal head and shoulder pattern , If bitcoin could overtake the orange line and have a valid breakout , then bulls are back to the party , as of moment I prefer to stand out of the table , and wait for a breakout . I think doing nothing is the best strategy at this time , take your time , sharp your mind and be ready to ride on the right wave ...
<<< This post is not a recommendation to buy or sell. It is to be used for educational purposes only >>>
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Good Luck !