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Buy DASH BTC (Long term or Leveraged Entry)Alright guys. Been working and backtesting this. There's so much money to be made, and the opportunity to flip accounts quickly and safely are at an all time high, thanks to the de-centralized and mostly unmanipulated marketplace, making the market (charts) very transparent for the experienced technical trader. So with any trade there's a couple simple principles EVERYONE looks at when determining a trade. Market Structure Retracements from a recent obvious high or low Bulls vs Bears Bulls vs Bears explained: The more and more I look through charts, in this case the very bullish crypto charts, there is a give in take. When a sign that the sellers want to come in and take their profits, the major bullish players throughout the world will take notice and allow the bears to take their profits. It's the only way to maintain a healthy give and take market. Especially in a healthy bullish market, which is definitely where we are at right now. PLEASE NOTEAlso, there is one final confirmation before price heads back towards the previous high. Once EVERYTHING has been accounted for when looking for a buy (Price hit it's natural retrace point. Bearish market structure is broken. Buyers show up. And when the sellers DON'T show up) This confirmation is a bullish engulfing candle reversal on top of the 10 ema. This is a powerful long term play that works really quite well on the Weekly and Daily and even 4h timeframes. And, you can choose to have a tight stop loss... a little more risky, but the returns are much greater, even in the long run. One more thing on this signal, it must be OBVIOUS that price wants to chill and stay closed above the 10 ema. DASH BTC 6-29-17 Now that I have kinda emptied my head, let's get into what I see here in DASH :) (I apologize for the tight screenshot of the Daily. Gotta make that money to get a sweet setup.) On the DAILY: First, please refer to your own naked daily chart of DASH. This is all a learning process guys, and we need to work together to dominate this game. We had a very obvious rise, and a very obvious retracement, which is where price is at now. During the retracement, price quickly came to a point that the buyers would not let the bears pass. Enough time has now passed for the bears to notice, and to take profit ASAP. Now we had just made a little new high (shown on my screenshot). So this is where I would look to take a long term entry. But I like to be specific. Let's wait for confirmation on the retracement and we can get a perhaps perfect entry, and have a tighter, more specific stop loss. On this little retracement, it made a W towards the ultimate bullish trend. And, it happened to be divergent. (Rsi, tdi) Divergent and OBVIOUS M's and W's on retracements towards the peak formation are probably the strongest tells of a trade. There's also another way of looking at this, and I want some of you to look for it too. On this little retracement shown on the Daily screenshot, it made two perfect bullish candle formations touching and closing consistently above the 10ema that look FUCKING PRETTY. This is the maybe number one sign that the bears are mostly out of the game and the bulls can take their trades. Boom. Take the trade. Long term. And for risk takers, like me, here is a possible way to start making more money or btc or whatever. Once you have all the confirmations on the Weekly or Daily, take a 4h entry as well, with a 4h SL, and look to take a 1:2 or 1:3 profit based on your risk/Stop loss. Here on the right, After it made it's W towards the upside on first rise that broke market structure on the daily, we need a new high made on the 4h, and an obvious candle reversal against the 10 EMA This is an opportunity to take a 4h entry on a Daily trade. You can have your SL a below the most recent red candle on the screenshot. Upto you. Actually, putting it at or below the 50EMA looks to be a good option. Take profit 2x or 3x your risk. This is at least a 75%+ trade.
Long
by Boltar2448
3
ZECBTC @ PoloniexIt is a little bit late for this post; but, here it goes! For the actual moment 4HRs time-frame does not show entry opportunity for long positions. Moreover, we are on all time high (ATH) region, which means that higher price can be reject due to 'take profit positions' from market. Taking a closed look on the chart above, which is based on divergences, it is possible to see that prices wants to form a possibility of REGULAR BULLISH according to MACD; however, MACD's fast length and RSI still showing bearish pressure from market. Let's see who it develops from now on =)
by lc_parente
A Possible BurstBurstcoin is a cryptocoin that uses a Proof of Capacity concept versus Proof of Work (Hard Drive mining versus GPU mining). According to some sites, it was the first coin to do a smart contract as well. Barring any fundamental news on the coin, BURST has been trading in a month long pattern. In crypto terms, a month is a VERY long time. A day ago, burst tried to breakout of its resistance but dropped down. A few hours ago, despite the overall drop in crypto prices, BURST attempted another run up which has been tempered thus far. While it's not a supported idea to BUY when the overall market is dropping, continue to watch out for this one. Given its small size (below USD50M) and month long pattern, this has the potential to double in size. Resistance - 62 Support - 56
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by jzulueta19
7