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Finding Bitcoin Cycle Bottom Using Fibonacci ToolIn this post, i'll share a tool which helps you find Bitcoin's market cycles bottoms, it is the Trend Based Fibonacci extension. You don't need to understand what this tool is to know how to use it, but if you want an explanation here is a video. www.youtube.com First start by laying the trend at the market top, then count from there the next 3-4 lower lows, lay the trend, and extend the fibonacci tool part to the next closest lower high. That's it! Now you just keep an eye out on those levels. An important Note These levels are to be used as areas to determine where to buy or sell and not specific price point . This is too help you find a better entry on average and potentially not miss the next run up.
BNC:BLX
by Muncher
BTCUSD Bitfinex The 100% of the margin did not break through. They made a false takeout of the last Haya on the volume and took the feet of the shorty, now you can go tight to $ 5000-4900 to unload the indicators. You can shorts with a stop for $ 5350 At this stage, there is still a bullish scenario for BTC / USD, and the purchase is possible in the Green Zone with the same potential up to $ 6098. Breakout of the $ 4908 level will negatively affect the bullish mood in the market, and, accordingly, then we should expect a decline to the bottom.
BITFINEX:BTCUSDShort
by IgorPorokh
1
100SMA Maintains Support; Higher Low/HigherHigh EstablishedAs you can see on the 4hr chart we've had a slight retracement all the way back down to the 100SMA (in blue) where fortunately it changed course with the 100SMA acting as support. We also established a higher low and higher high on that last retracement compared to the retracement before it which mean the bulls still have control for now. Seeing as how we have yet to even reach the descending pink triangles breakout target or the descending purple wedge breakout target I'm pretty confident we will continue upward, and probability favors that as well. Of course anything could happen and the current FUD in the air is likely the fact that Reddit removed BTC as a payment option because of some change on coinbase. I will continue to go long but you decide whether to be long neutral or short at your own risk. Thanks for reading! *not financial advice*
BITFINEX:BTCUSDLong
by DrDovetail
BEST RIPPLE TRADING STRATEGYDid you ever consider investing in alternative cryptocurrencies other than Bitcoin? If the answer is yes, look no further, the best Ripple trading strategy can make you profitable by trading one of the fastest growing cryptocurrencies. By far the hottest topic in the crypto community at the end of 2017 and beginning of 2018 is the surge in the price of Ripple. Ripple price has blown up from under $0.02 to over $3 in under a year and has increased by 1,400% over the last month alone. The first logical question that must be on the back of your mind is what is Ripple and why you should be interested to buy Ripple. Ripple value has skyrocketed and it’s on everybody’s mind. At one point Ripple has surpassed Ethereum to become the second cryptocurrency in terms of market capital. What is Ripple coin? Ripple is a cryptocurrency based on a private blockchain that’s permission-based and centralized. It has drawn a lot of criticism from the blockchain evangelists because it’s opposite to the Bitcoin blockchain which is public and decentralized. In a nutshell, Ripple technology is trying to securely and instantly provide an almost free global financial transaction channel. So, why is Ripple such a great cryptocurrency? Ripple is trying to solve an age-old banking problem. If you think about it in the system we use today we do a lot of international currency transfers which takes a very long time for these transfers to take place. So, Ripple is trying to update that system and make it faster and more secure. We believe that Ripple cryptocurrency has a very useful place in the market as it’s servicing a huge need. Even though Ripple coin is different than Bitcoin, one of the Ripple’s advantages is that it has fast confirmation so, near real-time and instant confirmation of transactions. Plus, Ripple cryptocurrency is extremely cheap. Day trading XRP Ripple with Naked Charts Day trading XRP Ripple we need to deploy different trade tactics because Ripple price action has its own personality. Our TSG team has discovered through careful examination and backtesting that Ripple has the tendency to bottom on up days during a specific time of the day. Moving forward you’ll learn what the best time to day trade XRP Ripple is. Step #1 - The 15-minute chart will give us a better view of the overall price action and on the Ripple intraday trend. Step #2 If we’re on an Up-Day, Mark on your Chart the Time Window between 9 – 10 GMT Time As we mentioned earlier we have found out through backtesting that the best time to buy Ripple is between 9 – 10 GMT. However, that’s only half of the equation because our statistics also show that the best time to buy Ripple is in the up days. What do we mean by this? We want to buy Ripple if between the time window from 9 AM to 10 AM GMT, Ripple is trading above the opening price. If we buy Ripple above the opening price it means that we’re buying in the direction of the prevailing trend. Essentially, this is a trend following strategy deployed on intraday trends. Step #3 Buy anywhere between the 9 – 10 GMT Time Window This time window also coincides with the London open and it’s the time when many cryptocurrency traders step into the market. Now, depending on your trading skills and your experience you can fine tune your entry point within this time window. Step #4 When day trading XRP Ripple hide your SL below the Opening Price Any deep move below Ripple opening price will alter the bullish sentiment. A sell-off below the opening price indicates that the buyers are weak and maybe we’re better off trying to buy Ripple on another day. Step #5 Take profit once the Price Travels the Same Price Distance it did from the opening price until 9 AM GMT First, measure the price distance from the opening price to the high established between 9 to 10 AM GMT. Second, project the same price distance to the upside measured from the low established between the 9 – 10 GMT window.
BITFINEX:XRPUSDLong
by Tradingstrategyguides