$STRAT:BTC fell under my trend lines on the 4HRBINANCE:STRATBTC fell below the support line I made for it (not that it means much), this coin has been heavily swing traded since I began watching it post ICO. A decent entry point may reveal itself in the coming days I'm overall long on this coin.
BINANCE:STRATETH
Etherium
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.
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.
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.
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.
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
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.
$GUP breakout? #cryptocurrency #bitcoinSince it touched the support line more than resistance in simple terms.
Oh that descending triangle indeed a fake one imo
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.
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
ETH-Live Trade Journal (daily chart)ETH-Live Trade Journal (daily chart)
3/10/2018
Etherium is still bearish on the daily chart--MAs are trending down, the upper trend line is intact, and we have formed a potential head and shoulders pattern over the last few months. The neckline is pretty unclear on the H&S but a break of support (gray band) is likely close enough. Until ETH breaks the upper trend line, I don't plan on trading the daily chart.
Ethereum. First short profit target hit. Levels to look at.Warrior.
Ethereum broke out of the consolidation zone 787-959 I posted in my last idea "ETH update. Keep your eyes open next week.".
I hope your eyes were open if you're interested in ETH.
We are reaching the first target 700. If we lose that level we're going straight for 600-625.
From 700 to 600 that's a 15% profit. But at that point I wouldn't risk shorting it more, a big bounce is very likely and we might never go that low again.
If we drop below that strong support we would be headed for 475 or 500 but I'd bet more on 475. 600 => 475 20%.
Litecoin had its full retrace (almost) since early december, Bitcoin had its full retrace (almost too). So why shouldn't ETH get its full retrace? Just because it is better? Puah! I say it goes down like the rest, no priviledge all should bleed equally!
Remember to look at Bitcoin, it's dictating where Eth goes and when it does.
Remember also ETH is master coin it's not about to disappear. It's actualy used... BTC was just there before and people know about it...
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
Same Plan Brittney Spears was way too hot during DOTCOMEverything you read is what is in my mind, I'm not here to give advice, but to tell you my perspective on the market to help save money and make more money.
So far things seem to be in my previous reports favor. My timing was off by a little, but the trend still looks exactly the same and the RSI just plummeted. I say we hold on tight and watch this. If it goes down make sure to get those orders in before the institutions do. ;) That's hard to determine but just follow the resistance and support lines, and you will stay safe, also the 200 day moving average could be a great place to still buy. One more place to buy is at the bottom of the channel which I have a thick blue line for a good determination of a buy zone, and more probable bottom.. If we see a double touch on the probable blue bottom then to me that means a super bullish future.
last night/day I sold Ether at 950. and BTC at $11500. Using the the big blue trend lines to determine a big resistance.
My next buy is either the red resistance/support lines depending on the volume. Or where I wrote buy.. And I think I'm gonna put my money in the buy text area on my graph because it just makes sense to me based on the previous evidence in my previous reports.
1) Overbought rsi/macd
2) The previous month had the exact same trend the dropped down because of a trap.
I want crypto to succeed, but I also want my investments to succeed, Im not here to spread fud, Just want to give my two cents on the matter.
[BITCOIN, LITECOIN, & ETHERIUM] HEALTH CHECK UP! This educational video talks about the health of overall general crypto market cap and how have seen it go lower since last time I checked it. Crypto is very volatile, but has nice returns if you know what your doing! If your new to this space and intend on scalping, swing trading or hold a position on long term investor trading. Be prepared for a volatile roller coaster ride! I don't regret anything i have personally have done in this space yet. Its been exciting ever since I started in 2017 and their is so much to learn. This blockchain technology is the future!
If you enjoyed this video give me a like and follow me to hear my latest technical analysis on what Im trading.
Thanks
CryptoBuzzAnalyst
PS. This is not financial advice just educational material. Do your own research and take caution before u think about day trading or investing in crypto!
ETHBTC nice Entry Hi Cryptonauts !
Let`s take a closer look at the 4hour ETH/BTC Chart.
If the (BTC) bears go on like this , I think it will be a good opportunity to invest some bucks in ETH and cash up a little bit.
The MACD and the Stochastic RSI looks promising and indicate a rising course.
IMO, as soon as we pass the 0.786 fib Retracement, it`s a good chance to make some profit till we reach the next level at 0.618.
I am pleased about comments, likes and suggestions ! ;)