Hull
BTCUSD Bitfinex 240 Hey everyone! Sooo.... A lot of people are asking about bitcoin. I have a pitchfork drawn here with to the pip touches and entries that was drawn back in mid November. I have two "energy points". One at 5400.20 and 2933.40. In my personal opinion if the 5400.20 is broken the ill wait for a confirmed touch at 2933.40. If 2933.40 is broken through then ill be under the impression that its down hill from there. Typically I will wait for a to the pip touch on fib lines, upper, lower, and median parallels within the fork. Since the fork has been broken ill wait for a warning line touch or "energy point" as you can see in the chart and wait for a 2 to 5 pip bounce which indicates support. Once my entry is placed ill place a 10 pip stop loss and an alert to notify me if ESL (emergency stop loss) was broken. Low risk high yield.
Hopefully we see this thing skyrocket! This fork has done me well thus far. Best of luck to you all!
Joshua Casey
ADA Struggles to Continue the Rally - 12-20-2017ADA had a nice rally off the 23 Fib and crossed above the Hull and SMAs. Price has retraced a bit but is so far finding support back at the 21 SMA. Let's see if this level holds or if price will attempt to tag the 23 Fib level again.
Let me know if you like these new line charts. I think they reduce the noise of the candles. Leave a comment below and let me know what you think. :=)
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Vertcon Tumbles but Recovers - 12-20-2017Vertcoin dropped lower yesterday and the first part of today but found support at the 50% retracement level as well as the 50 SMA. Price is now rising above the 21 SMA and looks like it wants to trade back up to the ATH at 10.70. Price will also have to break through resistance @ 9.71 which it could not overcome the last time.
Let me know if you like these new line charts. I think they reduce the noise of the candles. Leave a comment below and let me know what you think. :=)
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
NEO Rallys but is it Enough? - 12-20-2017$NEO tumbled yesterday from it's ATH to final find it's footing just above the 50% retracement level. Price found support at $63.51, the .38 fib and then crossed over the fast Hull MA which then turned green to confirm the bullish signal. Price has now found additional support at the 21 SMA although currently trading under the Hull. If price can close above the Hull, it is likely then to make another run at the ATHs.
Let me know if you like these new line charts. I think they reduce the noise of the candles. Leave a comment below and let me know what you think. :=)
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Litecoin Breaks Its Fall, For Now - 12-20-2017After what could have been a sharp dropoff in price, Litecoin has found support just above the $300 level (.382 Fib) and has now crossed over the 50 period SMA. The fast Hull MA has now turned green so with price rising above it, we have a clear bullish signal.
Let me know if you like these new line charts. I think they reduce the noise of the candles. Leave a comment below and let me know what you think. :=)
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Bitcoin Falls to Previous Support Level - 12-20-2017As I called the other day, Bitcoin dropped back to the support level at 16,611.5. Price is now trying to rise back up but there will be resistance at the juncture of the 21 and 50 period SMAs. For now, the Hull MA has turned green and given a buy signal.
Let me know if you like these new line charts. I think they reduce the noise of the candles. Leave a comment below and let me know what you think. :=)
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.