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BTC: One Falling Wedge Already Broken to the UpsideBTC has already broken up out of one falling wedge and is looking to test the top of the bigger one everyone has been posting about. Price found support on a 10-month-old trendline going back to July 2017, and after breaking up out of the first wedge came back to test the top of it before heading higher. The MACD on multiple timeframes is crossing up and the RSI on higher timeframes is showing bullish divergence. This coupled with the fact that dumps have been getting shorter and shorter points to a potential bullish reversal soon.
BITFINEX:BTCUSDLong
by serekamina
How 2 Maximize the Profit & Minimize the Loss Using ElliotwavesThis is based on the Bitcoin Market Cycle 2017 - 2018. Please note that this for Uptrend Market and it's totally Opposite for Downtrend Market if you are able to Short. Also note that you can apply the same for any Market not just for Bitcoin. - In a Uptrend We have 5 Waves followed by 3 Corrective Waves - In that 5 Waves 1,3 & 5 are Impulsive Waves Going up and 2 & 4 Corrective Waves going down. - We only buy in the beginning of the above waves 1,3 & 5 and sell in the top of those waves - Wave (1) (2) (3) (4) (5) are Intermediate Waves - Wave 1 2 3 4 5 are Minor Waves which is Sub waves of each (1) (2) (3) (4) (5) - Wave (1) price movement can take upto ~2months or more - Wave (3) price movement can take upto ~4months or more - Wave (5) price movement can take upto ~3months or more - Use Daily Chart see the big picture and 4hr to check and confirm the Waves (1) (2) (3) (4) (5) Now lets assume that you are going to invest 1000$ You can adjust this to match your investment amount Start of the Uptrend is Point 0 and End of Uptrend is Point T To find the Entry Point or Point 0 we need to find a new market cycle by doing the following in Daily Chart & 4hr Chart to confirm the trend change -Using Wave 5 channelling technique of the previous market cycle -Reversal chart patterns (wedges, double/triple bottoms, broken trendlines etc) stockcharts.com -8,13,21, and 34 day Fibanacci Ema filter investorji.in After finding the Entry Point 0 then its time to find the Targets for Buy, Sell and Stop Loss Entry Points (Buying Targets)- Wave (1): Buy 300$ @ Wave 1 of Wave (1) Retrace 50% to Wave 2 Wave (3): Entry 1: Buy 500$ @ Wave (1) Retrace 50% to Wave (2) Entry 2: Buy 400$ @ Wave 2 of Wave (3) pass Wave 1 level going up. Wave (5): Buy 200$ @ Wave (4) Retrace 38.6% of Wave (3) See the highlighted boxes for the 4 Entry Points Stop Loss (Protecting Investment)- Wave (1): Sell all if the Price goes below Point 0. You can reverse and go Short if your exchange allow to do so. Wave (3): Stoploss 1: Sell all if the Price moves below Point 0. Stoploss 2: Sell all if the Price moves below Intermediate Wave (2) Wave (5): Stoploss 1: Sell all if the Price moves below Intermediate Wave (4) Stoploss 2: Sell all if the Minor Wave 4 moves below Minor Wave 1 of Intermediate Wave (5) See the highlighted boxes for the 5 Stop loss Points Exit Points (Selling Targets)- Wave (1): Sell 200$ @ End of Wave (1). Do 2.618 Fibonacci Extension of Wave 1 of Wave (1) to find end of Wave (1) Project Wave (3) with 3.618 - 4.618 of Wave (1) Wave (3): Sell 700$ @ End of Wave (3). Do 3.618 - 4.618 Fibonacci Extension of Wave 1 of Wave (3) to find end of Wave (3) If Wave (3) is extended then End of Wave (3) is closer to 4.618 Wave (5): Sell 500$ @ End of Wave (5). Do 1.618 - 2.618 Fibonacci Extension of Wave 1 of Wave (5) to find end of Wave (5) If Wave (3) is extended then End of Wave (5) is closer to 1.618 See the highlighted boxes for the 3 Exit Points Ideas & Comments are welcome to make this Idea much better. Thanks RISK DISCLOSURE: Please note that this is purely Educational purposes only and not as Individual Investment Advice. If you choose to follow the above techniques you do so at your own risk after giving thorough and reasonable thought and consideration to your actions and their potential consequences
BITSTAMP:BTCUSDEducation
by surangadesilva
3
BEST ICHIMOKU STRATEGY for QUICK PROFITS Step #1 Wait for the Price to Break and close above the Ichimoku Cloud Ichimoku cloud trading requires for the price to trade above the Cloud because that’s a bullish signal and potentially the beginning of a new up-trend. The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance are not a single line drawn in the sand, but several layers deep. So, when we break above or below the Ichimoku Cloud that signals a deep shift in the market sentiment. Step #2 Wait for the Crossover: The Conversion Line needs to break above the Base Line. The price breakout above the Cloud needs to be followed by the crossover of the Conversion Line above the Base Line. Once these two conditions are fulfilled only then we can look to enter a trade. As you can notice the Ichimoku Cloud indicator is a very complex technical indicator that can be used even as a moving average crossover strategy. Now, we’re going to lay down a very simple entry technique for the Ichimoku Kinko Hyo trading system. Step #3 Buy after the crossover at the opening of the next candle Ideally, any long trades taken using the Ichimoku strategy are taken when the price is trading above the Cloud. Our team at TGS website has adopted a more conservative approach and added an extra factor of confluence before pulling the trigger on a trade. So, after the crossover we buy at the opening of the next candle. Step #4 Place protective stop loss below the breakout candle The ideal location to hide our protective stop loss is below the low of the breakout candle. This trading technique accomplishes two major things. Firstly, it’s minimizing significantly the risk of losing big money and secondly, it helps us trade with the market order flow. Since this is a swing trading strategy we’re looking to capture as much as possible from this presumably new trend and we’ll be looking to trail our stop loss level below the Cloud or exit the position once a new crossover happens in the opposite direction. Step #5 Take Profit when the Conversion Line crosses below the Base Line We only need one simple condition to be satisfied for our take profit strategy. When the conversion line crosses below the base line we want to take profits and exit our trade. Alternatively, you can wait until the price breaks below the Cloud but this means risking to lose some parts of your profits. In order to gain more sometimes you have to be willing to lose some. Note** the above was an example of a BUY trade using the advanced Ichimoku trading strategies. Use the same rules for a SELL trade – but in reverse. In the figure below, you can see an actual SELL trade example.
BITFINEX:BTCUSDLong
by Tradingstrategyguides
8
ZCASH ZECBTC 1H DOUBLE PITCHFORK STRATEGYStep #1: Draw the double Pitchfork channel The first thing that we need to pay close attention is how we select our swing points. We only want to choose significant swings on the Zcash chart. Once you locate the four swings, merely use the Pitchfork indicator to draw the double Pitchfork channel. There is a simple reason why we use two Pitchfork channels. Our team at TSG has discovered that the Pitchfork indicator has limited power in forecasting future price movements. However, by using this simple trading trick to combine two Pitchfork indicators together, we eliminate a lot of the drawbacks that come with this unique technical indicator. Step #2: Wait for Zcash price break above the 1st Pitchfork channel At this stage, if the two pitchfork channels overlap don’t get confused about it. The 2nd pitchfork is darker color. Wait for the Zcash price to break above the 1st pitchfork channel. We want to see a big bold breakout candle that closes above the 1st Pitchfork channel. Step #3: The Zcash price needs to trade below the median line (2nd pitchfork channel) on a closing basis. The median line of the second pitchfork channel needs to hold the upside and provide us with strong resistance. As a general rule, as long as we trade NEAR the median line, we’re good to go even if for a brief period of time we still break above the resistance line. Most of the time, the Zcash price will gravitate towards the median line back and forth, so we need to take that into consideration if we want to trade cryptocurrency strategies successfully. Step #4: Buy at the market or stop order as soon as we break below the 2nd Pitchfork Channel bottom support line. How to buy/sell Zcash is simple. With our entry technique, we sell at the market or stop order when we break below the 2nd Pitchfork Channel bottom support line. The advantage of this cryptocurrency entry strategy is that we sell when the momentum is in our favor. Step #5: Place protective Stop Loss above the 2nd Pitchfork Channel median line One of the most important things in trading is risk management. So, don’t forget to place your protective stop loss in order to minimize the potential losses. After you sold Zcash ZEC, make sure you add your stop loss order above the 2nd Pitchfork channel median line. Step #6: Take Profit when we touch the median line of the 1st Pitchfork Channel or according to your trading plan Our take profit strategy for successful cryptocurrency trading is easy to implement. We don’t want to take premature profits, but we also don’t want to give back our hard earned profits either. In this regard, we take profits when Zcash price reaches again the median line of the 1st Pitchfork channel or according to your trading plan. Note** the above was an example of a SELL trade using the Zcash cryptocurrency trading strategy. Use the same rules for a BUY trade – but in reverse.
Short
by Tradingstrategyguides
1
USDCAD 4H RANGE TRADESPair has been in a consolidation pattern above the 50 sma. Buy stop @ 1.2918 if prices pushed for a higher high in the up trending pattern Long Take Profit @ 1.2995 Sell Stop @ 1.2795 if price drops below the 50 sma Sell Take Profit @ 1.2730 I will follow the Macd for a stop loss either direction. If Macd crosses either the Red Signal Line or the Zero level line against open trade Or a hard stop of 26 pips above/below the candle that opens your trade
by Tradingstrategyguides
Adobe ADBE slowstochastic is coming up!Adobe ADBE slowstoch is coming out the 20 zone. Title is coming from a 6 consecutive loosing days and slowstochastic crossing above 20 could be a good signal of reversing. Stock strenght is above 63. Watch the stock and lets see on lower timeframes if there is a entry signal (may be 212 to 212.24). If today the stock makes a PBT&CA at 212.24 that is my entry point! Disclaimer: This is just my tought: don't invest based on this idea.
NASDAQ:ADBELong
by 03.freeman
Continuation of Gann Fan Propulsion Strategy Steps 3-4-5Step #3: Apply again the Gann Fan Indicator on the Swing low Prior to the Breakout above 2/1Gann Fan Angle How to use the Gann fan indicator? Simply follow the instruction presented in the above sections. At this point, you can also get rid of the previous Gann fan angles drawn from the swing high. This will make sure your chart will not get cluttered and the price is still visible. One of the reasons why this is the best Gann fan strategy is because we use the Gann fan indicator to track every swing in the market. At this point, your trade is opened, but we still need to determine where to place our protective stop loss and take profit orders, which brings us to the next step of best Gann fan trading strategy Step #4: Place Your Protective Stop Loss below the Most Recent Swing Low Which should align with the point from where you draw the second set of Gann Fan Angles. The best Gann fan strategy has a very clear level where we should place our protective stop loss order which is right below the swing low located prior to the 2/1 Gann angle breakout. Step #5: Take Profit once we Break and Close Below the 2/1 line. We want to ride the new trend for as long as possible and with the help of the Gann fan indicator, we can pinpoint the ideal time to take profits. We take profit at the earliest symptom of market weakness which is a break below the 2/1 line that signals a possible start of a bearish move.
BITFINEX:ETHUSDLong
by Tradingstrategyguides
BITCOIN | The Path To Capitulation1. Starting with the big picture, and no indicators I drew the path based on simple visual balance and symmetry. It looks to me bitcoin is currently drawing a large equilibrium triangle. I think of this as fading echoes from a dramatic wave up then down. Almost like a seizmagraph or an audio wave after a sudden percussion. These echoes are getting smaller and tighter, once they flatten out, something will then catalyze movement. It could well be news, bad or good. It could go either way, however I think it may go down sharply and put in the real bottom before authentic recovery can happen. 2. Then I drew the grand fibonacci pulling from $200 to almost $2000 as that appeared to be the location of the first significant impulse after long sideways action. It also seemed balanced in that it represents very close to 10x increase. 3. Noticing the two fractals (waves 1+2 and 3+4 both look much like the grand wave 1+2) I pulled a fib on the 1 wave ($1759.79 - $4984.49) Notice reactions to the higher levels of this, even recently. 4. I then started counting the waves as I see them: I think believe bitcoin is now in the fifth wave down of the larger C correction wave. I believe we can look for capitulation to the top of the 1 wave with a possible pierce down to the .786 - this is in the range of $4984.49 to $4408.47 it should be quite fast and dramatic, only lasting a short period and then the bottom will be in for the 2 wave on the largest scale as we begin the 3 wave. I'm not sure I have the first 5 down count after the ATH correct, it's quite chaotic up there and I see several ways to count it, and I'm not an advanced enough Elliotician to know all the rules, but I don't think it matters much on the larger scale. 5. Even though I hand drew that line just eyeballing it, I noticed that I have capitulations happening on July 4. Independence day in USA. Curious. Note: I'm no pro. I'm very new to Elliot wave principals. I am a creative professional and artist with visual pattern skills and intuition.
COINBASE:BTCUSDLong
by mysticyak
6
NETFLIX (NFLX): slowstoch is oversold and the stock formed a pinNETFLIX (NFLX): slowstoch is oversold and yesterday the stock formed a pin bar. Title is coming from a 6 consecutive loosing days and slowstochastic is below 20 so oversold: pin bar could be a good signal for reversing the trend. Stock strenght is above 75! Watch the stock and lets see on lower timeframes if there is a entry signal (for example at 4h TF). Disclaimer: This is just my tought: don't invest based on this idea.
NASDAQ:NFLXLong
by 03.freeman
DIGITAL ALPHA UPDATE - Potential STELLAR Large-Cap Entry, 5%Good day everyone, here we are at Digital Alpha watching the markets while you are enjoying yourselves during this great weekend! I hope you are all enjoying yourselves because believe it or not, we are enjoying ourselves by bringing to you our charts, analysis, and giveaways! The thrill that the color red and green brings us is undeniable. SO, on this chart we have a potential long-term trade setup occurring. The key is to never assume a pattern or say something is a pattern UNTIL it is a pattern. Yes, we are breaking the rule book here, but we want our subscribers, viewers, listeners, average joes, and traders to be on the look out. Stellar is a great project for 2018. They have a very aggressive road map set and we can see this being a great addition to our large-cap. We have about 5 other great additions, but we are not seeing an entry point yet. However, with Stellar we can see it happening any day now. The set up is a lame cup and handle. This is outlined in the red lines. We got a rejection around 0.00004550 and can see that mayyyybe a handle is about to be formed. If we get a retracement to 0.00003555 we will be signaling a buy. Ignore that magenta line, it is there in order to alert me to get my lanky butt in front of a screen pronto. Or maybe I'll get El Sol to shine his skills with a write up - he is the top dog in charting, what he says goes. He is the one to alert us about XLM, but his English is a work in progress, which means you unfortunately have to be tortured with my write ups - my sincere apologies. So what is the trade? 0.00003555 is our entry. Our more aggressive traders will undoubtedly go low at 0.00003450, but we are just providing a good entry. The first sell will be around 0.00005700 and this set up has the potential for 0.00007000, but that requires a full blown bull to show itself. The allocation for our portfolio that we like to showcase, so the n00bs out there can learn a little, will allocate 5% towards XLM. The DA Large-Cap portfolio recently took our profits and placed them in tether to see what BTC's next move is. Upon our re-investment, you can guess where it is going...XLM. There is another coin that is close to getting a call, but we are not quite there. For now, be on the look out for Stellar! More to come people, keep on enjoying that weekend. Live it up! DA BULL
Long
by DIGITAL-ALPHA
GBPJPY 1H - SWING TRADING STRATEGY THAT WORKSStep 1 Wait for the price to touch the Upper Bollinger Band The first element we want to see for our simple trading strategy is that we need to see price moving into overbought territory. Any swing trading strategy that works should have this element incorporated. Note The preferred time frame for this simple swing trading strategy is the 4h time frame, but the strategy can be used on the daily and weekly time frame as well. Step 2 Wait for the price to Break below the Middle Bollinger Bands After we touched the upper Bollinger Band , we want to see confirmation that we indeed are in overbought territory and the market is about to reverse. The logical filter, in this case, is to look after a break below the middle Bollinger Band . This break below middle Bollinger Bands is a clear signal in the shift in market sentiment. We at Trading Strategy Guides don’t trade breakouts without disseminating weather or that there are real buyer/sellers – in our case, sellers – behind the breakout which brings to the next step of our simple swing trading strategy. Step 3 Swing Trading Indicator: The Breakout Candle needs to be a Big Bold Candle that closes near the Low Range of the Candlestick. Sell at the Close of the Breakout Candle So far our favorite swing trading indicator has correctly predicted this sell-off, but we’re going to use a very simple candlestick based method for our entry trigger. In this regard, we want to see a big bold bearish candle that breaks below the middle Bollinger Band . The second element of this candlestick based method is that we need the breakout candle to close near the low range of the candlestick . This is indicative of strong sellers, which really want to drive this currency pair much lower. Step 4 We hide our Protective Stop Loss above the Breakout Candle The breakout candle has a lot of significance because we’ve used it in our candlestick based entry method. We assumed that this candle shows the presence of real sellers in the market. If the high of this candle were to be broken, it’s clear enough that this is simply a fake breakout as there are no real sellers. Step 5 Take Profit once we break and close back below the middle Bollinger Bands or with a 3 to 1 risk ratio. In this particular case we’re looking at a short trading example. So, if the price breaks back above the middle Bollinger Banks it’s time to get worried and take our profits as it can signal a reversal or if our 3 to 1 risk ratio has hit. The reason why we get profit here is quite easy to understand as we want to book the profits at the early sign the market is ready to roll over. Note The above was an example of a SELL trade. Use the same rules – but in reverse – for a BUY trade.
Short
by Tradingstrategyguides