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Higherlows

XRP price nearing a decisive pointHello everyone! This is my first post so be gentle. I have been tracking xrp for a while. In the last bull run, xrp chart formed a massive symmetric triangle and broke out in late 2017. This time around the price is moving in a falling wedge pattern, signaling a possible bullish breakout. Also the higher lows that have been forming since AUG 14 suggest the price has found it's bottom. On top of that the chart pattern between AUG 14-SEP 18 is most likely a wyckoff bottom. The only problem that remains is BTC. BTC could still make one leg lower to one of it's longterm trendlines and bounce off the vacinity of 2300 $. Meaning xrp can still dive a bit before it breaks out of the falling wedge. That's all folks, thanks for reading! Disclaimer: this is not financial advice, trade at your own risk!
BITSTAMP:XRPUSDLong
by mordecai779
1
BTC Update! Bull break and now watch for continuation!Welcome back bulls. Yesterdays chart I spoke about watching the tightening pattern as BTC was in an equilibrium. I had personally entered an LTC position recognizing using the lows as a stop loss gave me a risk of less than 1% on my position and was hopeful for a 4-5% ideally on a bull break up. We got that and then some with LTC as BTC broke out bullish. We wanted to see volume and the big green candlestick and bulls have given us that. Bulls broke through all 3 of the prior resistance levels I had laid out yesterday (3657, 3667 and 3711) and topped out currently at $3766 for this move. % wise for BTC nothing crazy but bulls comfortably in a position, some brief consolidation today and another leg up allows for all the bulls to safely stay in position if they choose without risking a loss on the trade. For me personally, I was sleeping when the move happened so did not exit any of my LTC trade which at its peak ($33.15) was about a 10% move for my personal trade. I've moved my SL up now just to guarantee a positive trade in case bulls do not give continuation. Otherwise, I'll comfortably wait and see if we get continuation today or by tomorrow for our next leg up and can ride stop losses up higher as bulls establish higher lows or scale out of some position as the bulls run. Overall a pretty straight forward setup from yesterday we were watching and expecting LTC to give the better % gains. For BTC, $3580 is our higher low to currently hold and ideally want to see bulls go nowhere near there before they get another leg up. They need to start building the higher lows and higher highs now and stair step back up for this to give some more significant momentum to the bulls. EMAs on 4 hour also gave us a bull cross for first time in about 2 weeks so hopefully the bulls can maintain that. Good luck with those trading, bulls still have a lot of work to do to prove themselves but happy the charts continue to give safe trades even in this market. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC Update! Bulls are marching on! Consolidation today?We got the break last night we were patiently waiting for to see bulls set their higher low at $3437 and allowed many to scale into positions during that consolidation before the next bull break. We are now into the $3800s which is fantastic to see the bulls pushing higher. I personally scaled out of half my position at $3787 last night and remainder I am utilizing higher lows on 4 hour for stops. I am expecting consolidation today or definitely by tomorrow as we are pretty extended on 4 hour time frame. Remember, consolidation is perfectly normal and healthy. No reason to shake people out of positions and should be reason to scale into positions provided there are no red flags on the consolidation. Red flags I will be watching for is any loss of higher lows (start with hourly and then to 4 hour), spike in bearish volume (I want to see small declining bearish volume on any consolidation, not large and increasing bearish volume). Overhead resistance I am watching is $3875 and $4035 from back in early December. If the bulls can push this into the low $4000s before consolidation, it would be a nice sign and would give the bulls some much needed breathing space on the daily chart to try and eventually set a higher low (and then ideally a higher high to start shifting this trend). I know a lot in the space are getting bullish so only word of caution is we have seen this before this year and then eventually fall lower. Even our move in late November was a 27-28% gain for BTC and we all know that eventually turned into lower lows still. This move the past 3-4 days has been about 24% gains so far. In order for these bulls to really start proving themselves they need to shift these lower lows into higher lows and then higher highs on daily chart and then eventually on the weekly chart but that is a long ways away from being able to do that. For anyone who did not hop in on this bull move, hard to justify chasing here and would ideally want to see some consolidation and entries there. But at least the space is back on my trading radar again and has me keeping a much closer watch. Sorry for the long read. Please like, share, comment! Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
A 3 Day Trend IndicatorA 3 day chart is very useful in terms of being able to see a major trend reversal. It eliminates the noise of daily or lower timeframe charts and shows the change in trend faster than the higher timeframes such as the weekly and monthly. Keep track of the candles and look for a higher high and higher low candle for the first signal. The USOIL chart above shows a sequence of 3 day candles that have lower lows and lower highs for the past 8 or more candles, clearly showing that the major trend is down. Short risk on oil is out of the question as long as there's no higher high and higher low 3 day candle. As soon as there's one, at least a minor change in trend can be anticipated and traders are likely to switch to short risk.
TVC:USOILEducation
by Zoen_Trieste
3
BTC Update! Bulls continue on... busting through prior range!Alrighty, here we go again. Same story, different day. Last chart I was watching the consolidation from our push towards mid $6400's. My personal SL was set just under our recent higher low of $6313. From there I was ideally expecting another higher low before bulls would hopefully re-test $6500 or the top of the box from our prior trading range. Bulls established the higher low at $6372 and we now saw the push up with decent bull volume here to break $6500. We ran to $6540 and saw some profit taking but overall bulls need to see some brief consolidation and a push higher. $6681 stands out as a potential resistance from a prior topping point but most importantly to me is low $6800s. If the bulls can get there and above that this week or weekend we are in some potential bullish territory. That is still a ways away so perfectly fine with consolidation and an eventual loss of 4 hour higher lows which would stop out a lot of traders including myself. But currently I am seeking profits on trades and have guaranteed a profitable trade here with the higher lows. Alt coins have seen some great gains as well this week and I am personally trading those as well. I may start including occasional alt coin charts over the next few weeks if I find some time to post. Alt trading is a bit of a different game just due to liquidity purposes and much easier to manipulate in an already manipulated market. Sorry for the long post but bottom line, bulls maintaining 4 hour higher lows, creeping stop loss up for personal position with each new higher low established. Next real test is $6800s for BTC but personally feel we'd see some significant consolidation prior to a push towards that level. Ideal scenario to me is another leg up here this week towards $6700, consolidation down towards mid to upper $6500's and then a push for $6800. But will wait and see. Have a plan. Know you exit points for stops or profit taking points. Stick to a plan so you don't allow emotions to make your decisions. Happy Trading! Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
GU Buy stop placedIF/WHEN GBPUSD reverses and heads into an uptrend I have set a buy stop to be ready. I forsee the weekly timeframe forming a large M structure out of a larger W. At this point the M would be in the middle point or the B point of an XABCD harmonic. I came to this conclusion through seeing the downward pressure slow and weaken. Shorter lows and higher highs. There is no guarantee that this is the beiginning of a reversal although these higher lows and higher highs would be the first indication of such. The next confirmation for an uptrend would be a break of the downward trendline touching the past highs on the daily timeframe as price has made its way downwards.
Long
by nicktarver144
(ADA) TA looks good, but the fundamentals are even better!Alright folks we've got a nice double hitter today! I always love when emerging chart patterns are coupled with trending news that confirm the analysis. For those of you that dont know: Cardano just finished their first audit, and released the study highlighting a renewed concentration on bolstering the back end and stepping up their engineering efforts to the Cardano system. It's no earth shattering game changer, but in a sea of pump and dump coins advancements like this are key to a projects longevity. Alright, so you know the basics of the fundamentals driving my bullishness, now on to the TA! Not currently relevant but this cardano trend shift is a great example of "patterns within patterns" as we can see from the two opposing angular minor double bottoms which form the major double (triple-ish) bottom. We had a nice clean 5 wave elliot wave up. The peak of the fifth wave up smacked the 100% retrace and failed to breakthrough. Price also rebounded off 78% retrace, giving us a nice clear range to work within for breakouts. Cup has been forming since March 21st, and its a very clean one, near perfect symmetry with a break at nearly the same price as the initial peak. We finally got that EMA crossover everyones been looking for. Approaching historical trend cycle point, overhead resistance, and 78% retrace. There may be a bit of a struggle to over take the overhead resistance, but if we break out we could see a nice handle rally up towards the 127% extension. True strength has been laying down new higher lows since March 30th, looking for a new swing within 24 hours. As we can see from the OBV, volume is still at a major high. The stochastic RSI of the volume however is consolidating down near the twenty line. Paired with the volume stabilizing at a new high level this is very promising. Plan of attack: Look for new TSI swing low Ladder in from .20 to .2225 Stop loss at .21 after 100% retrace break out. laddered exit around 127% or 168% retrace depending on trends strength when that level is reached. This analysis is meant for purely educational purposes, and whether you choose to trade on it or not is entirely on you! Good luck and happy trading fellow cryptoheads! Austin Doyle CTO
BINANCE:ADAUSDLong
by UnknownUnicorn1613901
3
BTC Equilibrium Pattern to watch for 2018BTC seems to have established a Higher low on the Weekly chart. Seeing that I would now say that we will run in an Equilibrium Pattern into late May/early June. My opinion is the we will see a high around $9,000-$9,200 and then get a pull back to as low as $7,500 but staying in our pattern (creating a Higher low). I then see a run breaking out passed the $9,200 level and going to $10,000+ and breaking out of the pattern. If we go a little further into the future and end up seeing BTC breakout over the $11,800 level, we could see a huge 2nd half of 2018. If this pattern on the Weekly chart breaks down and we lose our higher lows we could easily test the $6,500-$6,000 level again. In My Opinion We will be very bullish for the 2nd half of the year, happy trading!
BITFINEX:BTCUSDLong
by StatFall
1
BEST MOMENTUM TRADING STRATEGYBCHUSD 15M WILLIAMS %R INDICATOR STRATEGY My 15m scalping technique - 14 length Our team at Trading Strategy Guides believes that a momentum indicator strategy can reduce risk and enhance your overall returns. One of the core market principles is that momentum precedes price so in this sense a momentum indicator strategy is more like a trend following strategy. Essentially trends tend to continue and we can use momentum to determine when to buy and when to sell. There are various explanations for why momentum occurs. The simplest explanation would be that rising prices attract buyers and falling prices attracts sellers. Using a momentum indicator strategy, it means we’re only going to hold the trade for a very short period of time, anywhere between a few minutes and up to a few days. Basically, the best momentum trading strategy runs until the momentum drys out. So, we only want to concentrate on the relative strength of any instrument. The best momentum indicator is by far the Williams %R indicator. This momentum indicator will help us identify profitable trading opportunities. Works with all market and time frames. The preferred settings for the best forex momentum indicator is 40 periods The Williams %R runs on a scale from -100 to zero. A reading in the vicinity of -100 is an indication that the instrument is oversold and it’s a potential buying opportunity and once it reaches zero, that’s an indication of overbought and maybe the time to sell. Step #1: Define the Trend. An Uptrend is defined by a Series of HH Followed by a Series of HL. The definition of an uptrend is pretty much standard. In an uptrend, we look for a series of higher highs followed by a series of higher lows. Two HH followed by at least another two HL is enough to define an uptrend. A higher high is simply a swing high point that is higher than the previous swing high. While a higher low is simply a swing low that is higher than the previous swing low. In order to gauge momentum besides reading the best momentum indicator we also look at the actual price action. Step #2: In an Uptrend Look for Bold Candlesticks that Close Near the Higher End of the Candlestick. A common concept in technical analysis is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup. In this regard, the momentum trading strategy besides using the best momentum indicator also incorporates the price action. A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in an uptrend is big, bold bullish candlesticks that close near the higher end of the candlestick. Step #3: Wait for the best Forex Momentum Indicator to get oversold (below -80) and then rallies above the -50 level before Buying In an uptrend, we buy after the best momentum indicator has reached oversold conditions (below -80) and then rallied back above the -50 level. Now, we have confirmation from both the price and the best momentum indicator that real momentum is behind this trend and the probabilities are in favor of more upside prices from here on. Note* If the best momentum indicator continually stays in overbought territory (above -20 level) it signals a strong momentum and conversely a strong trend. Inversely the same is true in a downtrend. Step #4: Place Your Protective Stop Loss below the Recent Higher Low We want to hide our protective stop loss below the most recent higher low level that formed right before the best momentum trading strategy issue the buy signal. Alternatively, you can also trail your stop loss below each most recent higher low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Step #5: Take Profit once we break below the Previous Higher Low Alternatively, you can take profit once the best momentum indicator breaks below the -50 level.
B
by Tradingstrategyguides
1
BTC strong resistance on 200 day EMAHi all, lets analyze hourly chart for BTC where we are now struggling with STRONG resistance at 200 day EMA. Breaking the level and then finding the support on top of 200 day EMA could be considered as good indicator for the end of the bear market. Currently BTC is in uptrend, having 7 consecutive higher highs and higher lows. Breaking the below the previous low at $7728 would mean a collapse of this uptrend pattern and thus bearish movement could be anticipated (this could also be a catalyst for dropping over what some analysts see as bear flag forming on 4h chart). Very important development on BTC is going to unfold. Be alert!
BITFINEX:BTCUSD
by ms100jke
CUUUSD: A boring way to make some extra cash...Are you interested in the hype and glamour of the cyrptocurrency markets or do you want to make a little extra cash trading? Bitcoin is wonderful and all, but you must be at least a little curious in improving your well being. What's more glamours than a bit of cold hard cash? I advocate simple trading. Some fundamental, some technical. Lots of boring. There's no glamour, no flashy coin exchanges, and few overnight millionaires. It takes a little time to see price moves come to life...but then wouldn't you also want to sit around lazying like a panda while making some cash? I'll tell you, the sweet bamboo is delicious. Why bullish on Copper? Well, its one of those fun commodities that has a base rate production cost. Whats that? It's when price is unlikely to go lower than a certain price because most miners will go out of business or at least have a rough go of it. So that's like fire sale pricing... and that break even price happens to be around $1.90 - $2.20. We're in the 3.20s now...but if we get back down to the 2.20s...back up the truck! Ok, but lets talk about today...how can you make money now? Technically nothing has really changed since my last update on copper. (I know, you were hoping for something more spectacular) We previously found support at 2.95 and resistance at 3.30. Your general stance with copper should be to look for buys and ride the market higher over time unless we see the start of a larger retracement that will take us to copper black Friday prices. In the last update I outlined several pull back levels which we retraced to and made a series of lower lows after a nice little rally from $2.95 to $3.30. In the past three days the H1 has formed higher lows around what for me is key support. So what do I like? I like a buy at 3.20 or less. Check out my last posts on copper and you'll find the first long term target was $3.45 - $3.50 which is where I think we'll see the next resistance form. Like my commentary and analysis? Follow The Bad Panda and like my posts! Your trading account will thank you ;) Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
CLong
by TheBadPanda