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series of higher lows still in tact, higher highs broken.We are still at this moment in a continuing series of higher lows on the 4hr which is good but we've actually had 2 lower highs in between those higher lows in a row so that coupled with a new potential head and shoulder pattern leaves rom for concern. I exited my position above the t line at around 7632 and only plan on getting back in around 7821 to play it safe. I may buy back in to accumulate more btc if it dips way low but I might just wait until it reaches this point and shows that it can clear some of these sell walls. That's my current approach. Good luck in whatever you choose to do, and remember this is not financial advice only me sharing my personal strategy that works best for me.
BITFINEX:BTCUSD
by DrDovetail
BTC forms another higher low; testing top line of faliing wedge.BTC continues its higher low/higher high pattern by forming another higher low on the 4hr chart. and is now testing the top trendline of the falling wedge again. To continue its bull pattern we will want to look for it to reach a higher high than the last higher high of $7777 I personally think we will be heading up to 8k before the next retrace but are currently finding resistance at the falling wedges top trendline. I see enough room on the 4hr rsi to overcome this resistance though...so I'm listing this idea as long. You make your own choices though as this is not meant to be taken as financial advice.
BITFINEX:BTCUSDLong
by DrDovetail
BTC attempting to breakout of falling wedge/form a higher high Very positive signs as of late for BTC as we can see on the 4hr chart we have already formed a higher low at $7270 and are now setting our setting our sights on following that up with a higher high which we will need to get above $7661 to reach. If we do achieve this higher high and then follow it up with an additional higher low then I am confident we have gone back into bull mode...So we need to watch for both a higher high and an additional higher low to be confident we are going bullish. However it appears we are attempting to break bullishly upward from the current green falling wedge pattern I have on the chart and if we trigger that breakout I think a higher high is pretty much a certainty. We will need an additional 4hr confirmation candle to close above the triangle as well and a nice surge in bullish volume to go with it. Another good indicator will be if we can finally climb above the 60 line on the 4hr RSI which has been putting up solid resistance so far. If we trigger a bull breakout from the falling wedge we will certainly be getting over the 60 resistance line on the rsi and hopefully flipping it to a line of strong support as well....If we can flip the 60 line on the RSI to a strong line of support then we should see a nice bull run with only higher lows, higher highs, and sideways consolidation for a good portion of June. Very encouraging signs.
BITFINEX:BTCUSDLong
by DrDovetail
Bull flag beats out bear flag; new higher high established.As you can see we have busted up out of the bull flag and thus also upward out of the bear flag as well...I have posted 2 price targets for a bull flag breakout one that considers the pole of the flg to be just one of the green candles a price point we've already reched...and then another prie point in case the entire bull flags pole was also the long green candle just before that as well. I'm glad to see we've finally gotten a candle above the 50MA buy sell line as well...if we can close 5 consecutive 4 hour candles above the 50MA(in orange) aka the buy sell line...then expect thigns to get very bullish very quick with a domino effect ensuing. We continue to trigger higher climbs the odds are great that we will be reversing the death cross and triggering what's known as the golden cross which would help make things mega bullish. so not only do we have the potential to climb higher just from the bull flag breakout but by breaking out of the bull flag we also broke out of the bigger bear flag which would have an even higher potential climb in store for the price action if that breakout is confirmed which I believe it will be. So for now I'm switching to long I will only switch back to neutral or short if on the enxt retracement we get a lower high or if when we climb back up from the retracement we get a lower low...to confirm the bulls are noe in control after we got this higher high..w.e need the confirmation of then a higher low on the retracement followed b a 2nd confirmation higher high...I'm confident we will get that....this is not financial advise however so you make up your own mind. Thanks for reading!
BITFINEX:BTCUSDLong
by DrDovetail
"CALLING IT!!"... not really, BUTI am not "Calling it!", but I will say that this (Red Support Zone) is a very, very, very strong support and a **TECHNICALLY* good zone to invest A LOT. For God sake, someone give me some rep some my broke *** can talk in chat! XD I have lost thousands of dollars, but I suppose it wasn't a waste. I learned a lot along the way, and it is great to be a part of this movement and technology. I am truly in here for the experience, and to try and get the out of the hole I live in. I haven't been able to speak to any of you in chat, but I assure you, if you are active, I know who you are and I am glad to be here with you. Bears and Bulls alike. Simple thing is this: Profit is great, but the mountains and valleys I have experienced with you all (and more to come) is better than the price I pay or receive. Thank you all!; life was looking grim (still is from a financial point) but, whatever, you guys are my new family, like it or not. Oh, what would a post be without a Bear riding in a Bull Lambo to the moon! <3<3
COINBASE:BTCUSDLong
by Kylemode
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
Spirits Airlines Inc. Where's The Support Zone?Prices are currently at THE 39.00 - 38.00 Zone. I believe that we could potentially see prices go lower only to spike back up, ultimately wiping out prior higher highs at both 49.00 and 60.00 . I don't believe however this is going to happen immediately, we might be monitoring this for a while guys. Let's now wait for this stock to find a lower support zone. Sector: Industrials. Airlines Vol: 844.878K EPS: 8.94 Market Cap: 2.769B P/E: 4.47
SShort
by Graignm09
FTSE 100: UKX Inter-Generational High: Super Cycle only half wayFTSE 100 Inter - UKX - Inter-Generational Cycle High - Half-Way House Nine years from high to low. Nine years from low to High on FTSE in fact the secondary or final rally high set in week of 13.03 00 as Internet generation 1 peaked with Nasdaq and techs' peak reached that week). Low reached March 9th 2009. The next cycle date falls between Friday 2nd March and Friday 9th March. If the major markets break below the lows of last week we can therefore most likely expect a low to form at this point in time - and if they can hold up today and rally from here the next high is likely to be struck in the 5 trading days between March 2rd '18 and March 9 '18. Whichever way it breaks from here should be worth following in the near term - but start to look for a significant change in trend in either event come 2nd March through 9th. Looking even further out in time this peak now is likely only an inter-generational cycle high, marking the half-way point in the old 18 year generation cycle. The real grand super-cycle high (high to super-high) is not reached on this chart until March 1st 2027. Time, as always, will tell. In the meantime, there's a nearer term FTSE strategy outlined below.
TVC:UKX
by sumastardon
MJX; 2018 the year of legal weed!Im biased, I smoke the good kush every day, so it is only logical for me to be long good kush and those who can provide it. a new etf was converted from latin american RE to 'alternative agroscience' (LARE became MJX) and it is already looking like it could be going parabolic to me. Most of their holdings ( portfolios.morningstar.com ) are in canada so it isnt like AG Sessions can do much about the weed boom across the border. gl hf and if u make a bag be sure to buy an oz of OG kush on me :) manage your risk much love xoxo sn00p
MLong
by 420snoop
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