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NXT USDT Updated Another Bull Flag Entry PointHello again! NXT is turning into the king of December with setup after setup giving us great entry and reentry points. We're currently in another Bull Flag/Bull Pennant. A break above the top would signal an entry point - A word of caution on this one though. We're right below the longterm trend line, so I could enter at .695 only to see us bounce off the longterm trendline at .72; however the overall trend and fundamentals are so bullish on this coin that I'm not overly concerned. If we make it through the trendline: Target 1: previous All time high (I'll be taking 25% off the table here) Target 2: The length of the flagpole added to the top of the flag (note: the pattern suggest a gain of 80-110% of the flagpole, so I'll be keeping an eye on this range for reversal or consolidation, either of which will se me taking another 25% off the table). Target 3 is the extension of the Fib, it's also right below the $1 mark which should be a significant psychological hurdle. Overall, note: I pretty confident at this point that this coin will go over $2 this month, with a reach goal of $5. All of these entries and exits are meant to increase my pile of NXT, while protecting my trading bankroll. See my previous ideas on NXT for an explanation of the Ignis air drop on the 28th or to see how my other trades have worked out.
NLong
by Tmoran
13
BTC Entry R:R 3.5:1 Looks like we might breach the top of a Bull Pennant (this needs to be confirmed by making a new local high), if so we are headed to 20K. First target and final target marked on the chart. We will be protected on the downside both by the icould and the icloud baseline. Caution: if the bottom is broken rather than the top, we could be in for a deeper correction, so buy at the bottom of the triangle to squeeze out a couple extra % of profit would be a really bad idea.
Long
by Tmoran
STRAT BTC ENTRY Reward to Risk 3:1 If the top of the descending triangle is broken it will be a very bullish sign and I expect we will quickly run up to the recent swing high of about 0.00075 BTC. This will be the zone of take profit 1, where I'll cash out 50% of my initial trade and adjust my stop-loss up to my entry point. Final Target is the 1.618 Fib extension. Note: The downward sloping upper side of the triangle must be broken for this theory to be valid. Trade responsibly; don't forget your stop-losses!
SLong
by Tmoran
1
Entry Levels I Am Watching For A ₿itcoin Entry or ExitThis is a short term play I am watching for good entry, I will either add to the long I have been riding the last 24 hours or close it and pull open a short once either of the levels listed below cross. ₿itcoin BITFINEX:BTCUSD is very Bullish but as a day trader I ride multiple positions daily based on its movements. Riding a Bullish position has been one of the easiest things to do lately. That being said I am watching to either add to my long or close it and open a SHORT TERM short at these Bitfinex BITFINEX:BTCUSD levels: For Long: SOLID break out above $13,983 , WITH $13,897 being where my alarm to watch momentum indicators is set. I have moved my current stop loss to $12,681 which puts me well in profit, I will adjust the stop as the support moves up. For Short: This is where it gets complicated, I DO NOT RECOMMEND OPENING ANY KIND OF SHORT POSITION IN THIS MARKET , but what I am looking for is a break BELOW the ORANGE curved line . (parabolic support) That is my running support on this local move that will determine my position, at that point I close my long well in profit and watch for the next support breaks (plural) shown in RED. (also watch the BB for any movement on the bottom) If the momentum and strength indicators show weakness on MULTIPLE time frames then I consider opening one. My stop on the trade would be just above the Parabolic support and I will allow it to hit with very minimal loss on the short. This is the most sound advice anyone can give you on a short. Keep an eye on this candles close pattern below on the Bitfinex 4 hour which closes in 20 minutes as of this writing, the formation will tell me everything on the direction of our future price movement. Anything in between these levels for the next few hours is a NO TRADE ZONE unless you are already holding a position. I am big on waiting for confirmation on positions so I highly recommend you do the same. At this point I am very Bullish on BITFINEX:BTCUSD for the year, but this is a short term watch as a day trader.
BITFINEX:BTCUSD
by Nick_Core
4
Potential LONG Entry for AMDAMD has retreated from its 52week high of $15.65 and is trading at $10.73 going into next week. As indicated on the 1yr chart, it appears that they have dipped below the support trend line and are building a base there. However, they have managed to stay above their most recent lows, marginally, of $9.83. I think that AMD could either pull back towards the red line drawn on the chart (around $10 and then go into a prolonged uptrend based on the growth prospects of the company.) Although they have posted negative earnings, they are expected to double in the next year and continue to grow from there. We can also see that AMD's RSI and MACD are both showing buy signals which could further increase our confidence in this stocks revival.
NASDAQ:AMDLong
by StuartTabor
1
$LTC The Bullish Ascending Triangle & Entry LevelThe Ascending Triangle is continuation pattern. Which forms usually during an uptrend. This pattern is giving a great opportunity to open long term trades. If the price breaks above the pattern, then buy orders should set around 65 level. In other scenario if the price goes below the pattern we should delete our buy orders and wait for another buy opportunity. We have good support at 58 level or below it that should act as our stop loss. This will be short as I have to rush to somewhere. If any questions comes to your mind about this trade then feel free to leave them in comments and I get back at you ASAP. Trading information: Buy: at or above 65 Partial profit: around 73-74 Long term profit: 90 Stop-loss: 58 or below it Note this is long term trade! Be careful while trading! Things to remember: -> To trade safely we need to use stop losses in case something goes wrong. -> Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement. -> Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement! Any questions or need help? Feel free to leave comments and feedback! Yarr!
BITFINEX:LTCUSDLong
by yarr
3
Trading idea for BCH/USD LONG - Current price 613 USDOn this occasion we are looking for an entry in the BCH and USD parity to open a long position that takes us to a price of around 850 USD. We have to be aware of the buying signal that is currently developing. There are three possible options: 1) Wait for the price (one candle) to close above the cloud (Kumo). 2) Wait for Tenkan (blue line) and Kijun (pink line) to come out of the cloud and hold their positions (Tenkan above Kijun). 3) A reversal of trend in the cloud (Kumo), i. e. a change in market "sentiment", the bearish for the bullish (change from red to green cloud). In all cases, the signal should be confirmed with Chikou. And we should see the orange line above the cloud. MACD can provide further confirmation of the signal. The RSI should be currently above 50. This last is an indication of a bullish market. Our target is level 1.618 of the Fibonacci extension (~850 USD). And our Stop Loss, 578 USD, is determined by the support offered by the lower line of the Kumo. Stay tuned of any changes and good luck!
BLong
by tekolo
2
EURUSD > Entry Point AnalysisEURUSD > 1.2091 > 1.1510 Week of 10/22/2017 IND: 20 SMA w/ 50 EMA Decisive break and hold above 1.1879 indicates possible further rise to 1.2091 level Break and hold below 1.1669 indicates possible further decline to 1.1510 level * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
Trade 2 Oct 17 3;59 pm Pound Cad Short Hi Guys So I just saw this trade, the pound cad and now I have shown you where I have sold and my tp and Sl. Overall this market we are heading slowly but surely up at the same time saw this market at this level start to break down on the 15 min and felt it was a good Risk to reward and took it. RR: 1 to 5Plus Emotion: pretty calm and relaxed and pretty stoked loving these markets or any market is such an amazing learning experience Strategy: hit a projection coming up and with a correlation of another projection I sold Trade: 9/10 trade Post trade Result : will post regards Kris www.mymentortv.com
Short
by mymentortv
BTC/EUR Possible re-entry level EVEN trend is BEARISH!We have to see and follow the current trends. We are currently in bear season eventho bitcoin remains bullish. News from China doesn't make it any easier. Bitcoin has recovered before from bigger news than what we are receiving from China so I'm trying to search for buy opportunities. Anyway... Entry level should be in between 0.5 and 0.618 fib level but above ma20 which is the yellow line. Why I think this is ideal entry level? - We have bounced from MA20 before as I have pointed with green arrows and I keep it as the "bottom". - People do value BitCoin and have survived before. Worse scenario we had so far within BitCoin? No I do not think so. Why? Do your search! Comments and likes are welcome! -Yarr
by yarr
Trading Breakouts & Planning ExitsBITFINEX:BTCUSD Over the past week BTC seems to have been developing a few interesting trends and based on the current chart with a one day time-frame I want to discuss one of the most evident patterns that will be familiar to most and probably new to some. In this case, we'll be talking about the triangle breakout which I believe to be in play at the moment, the last few legs before a potential breakout. For those unfamiliar with the term 'breakout', it is described as a stock price that moves outside a defined support or resistance level with increased volume. In most cases, a breakout trader would enter his/her long position after the price breaks above resistance or enters a short position after the price breaks below the previous clear support level. After the price trades beyond the threshold/barrier the volatility increases and prices will trend in favor of the direction of the breakout. In a lot of cases, trading breakouts is considered to be an important strategy because these points reveal themselves to be the starting points for major price trends. In this case, for the long run. In the case of BTC we can see a triangle breakout that has been in play since the support level of $1800 during the month of July this year. A positive breakout then initiated with a slight reversal just before the beginning of the month of August. The price entered short term consolidation before the positive breakout that has resulted in so many happy traders who were lucky enough to buy in during the July dip. Even during the most recent dip when BTC retested $2900 levels, traders with long positions since July have remained profitable and I'm certain there's a few players who regretted jumping of the wagon when they got scared by dipping prices. Don't trade on impulse. I can't stress that enough. Quite a few folks have "gambler type" trading habits then wonder what is wrong with their trading strategy. Regardless of the time frame, breakout trading is a really good tried and tested strategy that has proven itself over time. Whether you work on intraday, daily or weekly charts, the concepts are universal. When trading breakouts the most important factor to look out for would be the support and resistance levels that have been tested and retested. The more these areas are retested, the more valid and important these areas become. Entry points on these trades will mostly be determined by said support and resistance levels. When the prices closes above a previous resistance level, a trader will choose to establish a bullish position & vice versa. Be careful of "fake outs." They mimick breakouts and tend to trap most young traders/investors trading on impulse. Wait for confirmation of the breakout. A candlestick breaking a little past your entry point doesn't always mean you're good to go. It could result in an end-of-day reversal that sees the price trend reverse. Very evident in our BTC chart. Point (b) on the chart seems to be a repetition of point (a). In the past, we can see that at point (a) we experienced a short term break past the 0.786 retracement level before a resistance reversal which saw the price find support at the 0.618 retracement level and the bulls saw the price through to $5000. Based on the short lived bearish trend at point (a) tells us a lot of bearish traders were caught in the headlights when the price turned around and went for $5K all within the span of 6 days. If an investor acts too quickly or without valid confirmation there is no guarantee that prices will continue into new pre-defined territory.
BITFINEX:BTCUSD
by doomnometron
2
O My God - I wanna buy this so Bad, right now!!! OMGI blew this trade so bad, I was studying the white papers on OMG in early August when it was about a $1.20.... It got put on hold because nothing moves this fast and I have a stack of white papers I wanted to get thru. One day I thought about it and looked it up and I said O My God, it was 8 dollars. Then it went higher, and higher. So this is where discpline comes in, this discpline crap is a lonely life, its no fun at all, but this is what seperates the Winners from the Losers.... I got that fever where I wanted to trade just to get revenge cause I missed this, then it got worse cause it kept going higher and I felt like I was being left out. I felt so defeated and torn that I was thinking I should just close my eyes, roll the dice and push buy. Luckily I associate emotional trading with emotional pain, and if you lose enough money, you will develop this special skill too ;-). First of all, the price is high, its too high, if you buy it right now, you are gonna be in a world of pain, Nothing goes up forever, except "Bitcoin", and this has made a massive move, I mean huge in terms of percentage points, I dont even know how many zeroes in percentage points this thing moved. So anyways, It looks like its ready to trade sideways and bounce around for a bit, if you look at my buy zone, you will see it is right below a volume stick and the "POC", The Point of Control, its nothing fancy, no complex math formula, it is simply a high volume node, I like to use this when I cant find an entry point, so I throw this up with some FIBS and came up with this buy point, the POC is simply a price where traders did a lot of business, they liked this price for whatever reason and there is a good chance they will defend this price, they defend it by buying more there. What you want to do here is put in a standing limit order between $7 and $8 dollars with a really tight stop, My motto is "Its not how much you can make, its how much do you want to lose to make it", If you want to buy higher and take 4 or 5 dollars of heat, its your money and be my guest, It simply stresses me out to much and I dont like to lose money, so I dont risk a lot of money to get in a trade, this is why entry points are crucial for me. Anyways, Trading is going to be insane around that POC, why? Cause traders like that price and they want to do business there for some reason. So we want to catch those spikes that blast down into the buyzone and get bought back up, think of OMG as going "On Sale" everytime it dips in the buy zone. if you look at a lot of the most recent candles you will see that they all have wicks, on both sides. This happens because there is an equilibrium of buyers and sellers, they are happy together here, everyone is getting what they want and they have found VALUE here. There is always a chance this will not happen and we miss the trade, but thats ok, we only want the best trades with the lowest risk at stellar prices. OMG has 5 dollar swings, thats pretty serious when you are trading large, so try my idea here if you want a stress free trade. I have no Idea when it will get there, this is a Daily chart so it could be many days before it wanders to that area. So just set your orders and go about your business and one day it will get filled, these volatile currencies tend to have big spikes down and up, so you dont want to miss these. You can also put your Order just above the POC or right on it, it can be pretty tough support at times. But the flip side is that when it fails, you dont have to second guess it, that is why you can have such tight stops. Good luck! Be patient You are waiting at the Buy Zone, so let the trade come to you...... Dont run after it.......
BITFINEX:OMGUSDLong
by Netrunner
3