ADAUSDT Go Long on Breakout Above All Pivots - PrudenceThere is key support with the Daily Pivot Range, 3 Day and 6 Day Rolling Pivot Range as well as the Weekly Pivot Range, including the Monthly Pivot Range. This setup cannot be more supportive. With the price trading in breakout mode at the moment of writing the need to act is now to go long the market.
The action to take is to place a buy order to enter the market long within the buy zone area noted on the chart. This gives us a good risk reward ratio within a high probability setup with all this support. With the breakout this will confirm the market wants to move higher. Place the stop loss at the Opening Range low and the profit targets stated below.
Entry Price: .270000 - .290000
Stop Loss: .194800
Profit Targets: First profit target .408200. Second profit target .653000. Once price reaches the first profit target raise the stop loss to breakeven. Then if the market follows through to higher levels manage the trade by trailing a stop loss .010000 points behind until second profit target is reached or stopped out.
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OMGUSDT Go Long in break out zone - PrudenceThere is key support with the Daily Pivot Range, 3 Day and 6 Day Rolling Pivot Range as well as the Weekly Pivot Range, including the Monthly Pivot Range. This setup cannot be more supportive. With the price trading in breakout mode at the moment of writing the need to act is now to go long the market.
The action to take is to place a buy order to enter the market long within the buy zone area but with a limit of 15.65 or close to this level. This gives us a good risk reward ratio within a high probability setup with all this support. With the breakout this will confirm the market wants to move higher. Place the stop loss at the Opening Range low and the profit targets stated below.
Exchange: Bittrex // Buy at: 15.65 limit // Stop-loss: 14.89 // Take-profit: 17.95 / 20.40
Once price reaches the first profit target raise the stop loss to breakeven (entry level); then if the market follows through to higher levels manage the trade further by using a trailing a stop loss 1.00 points behind until second profit target is reached or stopped out.
LTCUSDT Breakout Long Setup - Prudence There is key support with the Monthly Pivot Range low maintaining the current range low. Along with the Daily Pivot Range, 3 Day and 6 Day Rolling Pivot Range as well as the Weekly Pivot Range, this is solidly supportive. With the price trading with low volatility at the moment of writing this recommendation, expect to see a breakout one way or the other. We will bet on the long side.
The action to take is to place a buy order to enter the market long within the buy zone area noted on the chart. This gives us a good risk reward ratio within a high probability setup with all this support. With the breakout this will confirm the market wants to move higher. Place the stop loss at the Opening Range low and the profit targets stated below.
Entry Price: 135.00-138.00
Stop Loss: 131.00
Profit Targets: First profit target 156.00. Second profit target 163.00. Once price reaches the first profit target raise the stop loss to breakeven. Then if the market follows through to higher levels manage the trade by trailing a stop loss 10 points behind until second profit target is reached or stopped out.
Bitcoin Buy on 'A' Up Setup - PrudenceWith the Daily Pivot Range and 3 Day Rolling Pivot Range below current price levels the bias is shifting to the upside. However we need further confirmation before entering a buy position to go long the market.
The key resistance is at the Weekly Pivot Range high which coincides with the ‘A’ up line and the 6 Day Rolling Pivot Range high. Moving Averages turning up is bullish.
The action to take is to place a buy order to enter the market long if the market trades at or above the ‘A’ up line for 15 consecutive minutes or longer. This will confirm the market wants to move higher. Use your short term or 1-5 minute charts to verify the time requirement. Place the stop loss at the Opening Range low and the profit targets stated below.
Entry Price: 7480
Stop Loss: 7365
Profit Targets: First profit target 7640. Second profit target 7890. Once price reaches the first profit target raise the stop loss to breakeven. Then if the market follows through to higher levels manage the trade by trailing a stop loss 150 points behind until second profit target is reached or stopped out.
ETHUSD Poised for Another Leg UpTake a look at the chart and see analysis. By our first rule, the entry needs to be confirmed by trading at or above the 'A' level. However this breakout is happening with new all time highs and would warrant entry at this time with the nature of cryptocurrencies, particularly the inability to short this market.
ETHUSD go long at/above 'A' value line setup - PrudenceSimilar to the LTCUSD trade setup occurring here:
See if you can identify the same rules in the setup we see in the LTCUSD chart on this setup with ETHUSD.
This is the value of this system, very easy to identify high probability trades with excellent risk reward.
Go long on breakout new high above 'A' value line - PrudenceAs price has moved through the Pivot Range and the Opening Range, with Pivot Moving Averages pointing up and good separation, this is a clear buy signal. A little premature without the confirmation of 15 minutes for the 'A' value line to give the proper 'A' up signal.