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Etherium

Etherium Analysis [UPDATE 23-05-2018]After a shaky start, we have reached our profit taking area on ETHUSD as expected. This was a 3:1 trade with a 14% ROI and therefore taken partial profits. Where to next? I would anticipate profit taking to take place now and see a retracement. A likely place would be a re-test of the previous consolidation zone around the $690 to $705 area, which is also the neckline of the head and shoulders pattern. Yes, this is not a traditional neckline for a head and shoulders pattern, but that's a explanation for another day. Let's just say you will be in a position before the "traditional" head and shoulders traders and able to move to break-even sooner. With projected profit targets still on the table, entering a short trade from this consolidation zone would offer a very good risk to reward (4:1) and ROI. The next profit zone for ETHUSD is $524 . This is the projected target of the head and shoulders pattern. There is confluence at this area which resides just above a previous consolidation zone (origin of a breakout pattern where demand exceeded supply) and the 61.8% retracement of the move from the April lows ($355) to beginning of May highs ($840). As the overall crypto market is in a down trend, we must assume selling pressure is to remain. A solid break of the consolidation zone between $715 and $730 would result in a re-evaluation of the bearish assessment. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Short
by hedgewithcrypto
ETHUSD - Head And Shoulders Pattern In Progress Or Not?!Hello Traders, ETHUSD is in a sideways range between 837.08-636.79. I am looking for a potential head and shoulders pattern. But the right shoulder is currently in progress. I am looking at 2 possible scenarios drawn in the chart. The first is the black one, in case the head and shoulders pattern get confirmed I would be looking for more downside. The second one is the orange one. As long as it stays above 636.79 there is a chance that the market just keeps extending higher. Let's see. Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view. Hope this helps.
BITFINEX:ETHUSD
by TradeFxTrends
5
STEPPING STONE STOCHASTIC STRATEGYStep #1: Identify a strong trading market that has a clear bullish trend The first step is to identify a strong trading market that has a clear bullish trend. Our team at Trading Strategy Guides has discovered that you can benefit more by using the stochastic indicator to trade pullbacks rather than trying to pick a falling knife or to jump in front of a train. Consequently, you want to find a strong trading market' Step #2: The Stochastic indicator needs to develop a double bottom pattern. The second bottom has to be higher than the first bottom. It’s critical to make the difference between the double bottom price pattern and the fact that we’re looking at the stochastic indicator to develop a double bottom. The other condition is that we need the second stochastic swing low to be higher than the first bottom. Step #3: Both stochastic swing lows need to be in oversold territory below the 20 level A stochastic reading below the 20 level suggests that the market is oversold and there is a high chance of reversal. Many times a market can remain in oversold or overbought territory longer than you can remain solvent which is the reason why we have put in place the other trading rules so we can avoid this situation. Step #4: Look for divergence to develop between the stochastic indicator and the market price Before we go any further than this, we need to clarify one thing. The way people trade divergence is by using a variety of momentum based indicators and measure or compare when the momentum indicator and the price diverge. In other words, when the price makes a lower low but the momentum indicator fail to make a lower low and instead makes a higher low then we have a situation where we have divergence. So, what type of divergence we want to see? In plain English, we look for the price not to drop that much compared with the stochastic indicator. Notice how the stochastic indicator is falling very fast into oversold territory, but the EUR/USD exchange rate is dropping at a much slower pace. Note* the stronger the divergence between the stochastic indicator and the price the better the buy signal can be. Step #5: How to trade stair strategy: Buy after the second bottom develops a stochastic crossover The trigger for our entry is quite simple. Once the second bottom produces a stochastic crossover, we jump straight into the market and start buying so we won’t miss a great entry opportunity. In this scenario, our entry is as close as possible to the end point of the retracement. Step #6: Place the protective stop loss below the last swing low. Take Profit when the slow stochastic moving average enters in overbought territory above 80 levels. Place your protective stop loss 10 pips below the last swing low. We’re adding a buffer of 10 pips to protect ourselves in case of any false breakouts. Usually, our stop will be very close to our entry price which is the reason why this swing trading strategy is such a great entry technique to keep your losses small. You really can use any type of exit strategy as you wish Where to take profit is also quite intuitive using the stair step chart pattern. Once the stochastic slow moving averages enter overbought territory or when it touches the 80 level, we want to cash out. Alternatively, if you’re going to try to stay longer in the trend you can try our 10-day breakout strategy. Note** the above was an example of a BUY trade using the stepping stones strategy. Use the same rules for a SELL trade – but in reverse. PM me if you want to read the complete strategy.
BITFINEX:ETHUSDLong
by Tradingstrategyguides
ETHERIUM - Buy Opportunity - 44% ROI - 6.5:1 Risk/RewardReasons to buy on a breakout from the consolidation zone: Valid break-out pattern with a clear consolidation zone (squeeze) Steady accumulation and increase in volume Smaller time-frame breakout patterns to the upside have hit target (trend continuation) High return on investment (44%) with 6.5:1 risk/reward Please leave a comment and a like if you agree with this analysis. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Long
by hedgewithcrypto
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
ETHUSD DAY - ANN FAN PROPULSION STRATGYHow to Draw Gann an Angle In this section, I’m going to teach you how to draw Gann fan angles. Many traders are used to drawing the Gann fan angles the wrong way which is why you need to pay closer attention to this section. You first need to draw a perfect 45-degree angle and most sophisticated trading platforms should have incorporated such tools. On the Tradingview platform, you can locate the Trend Angle tool on the left-hand side panel. Next step is to select any major swing high or swing low on the chart from where you want to draw the Gann fan angles. Once you’ve chosen your swing low point simply utilize the trend Angle tool and draw a perfect 45 degree angle. Once you’re done, you need now to learn how to draw the Gann fan angles. On this step you need to use the Gann Fan indicator which again is located on the left hand side panel Now, all you have to do is to simply place the Gann fan indicator on the chart and make sure it overlays on top of the 45-degree line you previously have drawn. This is the correct way to draw the Gann fan angles and if you have been following all these steps all the other Gann fan angles should comply with the Gann rules. Step #1: Pick a significant High, Draw Gann Fan Angles and Wait For the 1/1 Line to Break to the Upside The best Gann fan trading strategy works the same on every time frame, but we recommend not going lower than the 1h chart as you want to be able to pick significant swing high points which can’t be seen on the lower time frames. Step #2: Wait for a Break Above 2/1 Gann angle Before Buying at the market This step is significantly important because a reversal of the previous trend is only confirmed once the 2/1 Gann angle is broken to the upside. You want to buy at the market as soon as we break above 1/1 line. STEPS 3 - 4 - 5 WILL BE SHOWN ON UPDATE CHART
BITFINEX:ETHUSDLong
by Tradingstrategyguides
1
BTC LongBTC/USD DAILY CHART BTC along with the majority of the Crypto currencies have seen a significant sell off on 2018. The sell off of BTC had tested the descending resistance level several times failing to break, each time however with the last test of this resistance the price movement managed to confirm a break though this level. Looking at the current charting picture the bitcoin price situation is looking bullish. Looking at the chart we can see that 1) The price movement has formed a double bottom. 2) The resistance level has been broken 3) There is an inverse head and shoulders forming 4) The indicators are showing a buy divergence which refuses to confirm the movement lower. All in all the picture is looking good to reach the first target level of 11 461 which is the 78.6% extension level.
COINBASE:BTCUSDLong
by tradingtechnicals.et
Etherium Buy markers and trend slope adjustment evidenceAs with my bitcoin, I am doing this for my own buying indicators. Unlike bitcoin, Etherium has wider swings and is overall less predictable. Patterning is less reliable and this is my first attempt. From what I can tell, Etherium is in free fall and before I completed this chart, I had to adjust some lines and move my reverse Fibonacci Wedge to actually capture a convergence point. If the trend is followed, Etherium looks to have no definitive support point. Because I am cautious, I will watch and see how this plays out, and not look to buy at the moment. ETH seems to swing 30% to BTC's 10%, at least in the short term. There has been quite a bit of selling off and very little buy back. As I am only looking to find patterns and trends, and not correlate it to news items or rumor, as well as only drawing on one source for the chart, accuracy may elude my prediction. That being said, $525 ETH seems like a bargain.
BITFINEX:ETHUSD
by jjhotfingers
Litecoin Short (LTC/USD)The Khaos-Crypto-Trader found a short for the Litcoin/Dollar pair. This setup triggered. Using the Khaos-Crypto-Trader, just this one indicator, the trades are automatically mapped for you. If finds trade setups, then it paints for you: The Entry, Targets, and Stop. As you can see here we have had several winning trades in the past. Now we have an active short setup. You can try this indicator for free, by visiting the website which is listed on my profile. Risk Disclosure Futures , Forex and Crypto trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results Hypothetical Performance Disclosure Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results
BITFINEX:LTCUSDShort
by SpartanWhale
1