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BTC/USD Breakout Downwards BTC has traded sideways multiple times in the past, as we know this makes for violent breakouts towards the up or down side. The bollinger bands charted are constricting, suggesting potential volatility in the near future. The Triangle does include 3 higher lows , however since we are in a bear market it is safe to assume the breakout will be downwards. The RSI is not yet oversold or overbought, and suggest we may go sideways for a little longer. Overall, I believe BTC will retest that 6.1k bottom we saw a week ago.
BITFINEX:BTCUSD
by HarrisProng
1
Trend Following: when to consider if a buy #Singal is validIts likely for the #BTC and other coins to #down #trend or at least keep sideway for sometime. As a trend following trader, We should not be looking for the dip to buy as it wont be a low risk entry point, espcially when #volume could be a misleading parameter for lower timeframes. Entry: With some #technical #analysis grounds, proper #entry should be made when these conditions are met: 1. Price makes a breakout (better with chart pattern) 2. A higher than average volume. 3. Moving Averages on Price are positive (Slow<Fast<Close). 4. RSI corsses above 60. 5. RSI moving averages are positive. Managing Trade: To track an ascending #Trend, make sure to track: - RSI be within 40 - 80 zone. - Tracking Positive Reversals achieving targets. - Positive Reversal conincides with Bearish Divergence - Higer time frames are confirming positive signals appears in lower frames. - always find support lines where Reversal points occur. - proper technical #trendlines Stop Loss: - there are two way to place your stop loss properly. Both depends on trader’s financial risk tolerance. 1. Portfolio-based Stop: where you place stop price at the threshold where accepted risk is maximum of 2 to 3%. It really depends on how you manage risk on your portfolio or trade which may reach up to 7 to 8%. 2. Technical-basesd Stop: where a stop is placed not based on money at risk but where it is the least likely for price to hit. - Both stop decisions should be taken before executing the trade. Emotional Control Trade the chart not opinions or emotions of greed or fear. Don’t let others distract you from properly manage your trade. Use what you know is works for you and stick to it. Never listen to others for help. Its your money, your business .. take full responsibilty for your decisions. You are #bullish until you are given a #sell or #short signal #technically. Hope this would help traders finds a better #entry points where thier risk exposure is at minimum which makes it easier to manage. @TFStrategist
BITSTAMP:BTCUSDEducation
by tatrader77
Wave analysis of Ripple (XRPUSD): 4hr tf bullish biasXRPUSD is currently testing Support area 2 between ~ $0.65 and $0.62 after ripping through “support area” as mentioned in my previous post. Support area 2 does coincide with the 0.618% retracement of the uptrend from ~$0.47 to a price close of ~$0.87 on April 20, 2018. This increases the chance of Ripple (XRPUSD) holding support area 2. Price action from ~0.87 on April 20, 2018 till present is identified in this analysis as an expanded flat Elliott wave structure, which implies a corrective move back up or 5wave move upwards. Either scenario is bullish therefore a bullish bias is favored in this analysis for Ripple (XRPUSD). The 4hr tf RSI (relative strength index) as shown in this post indicates a positive rising slope for Ripple (XRPUSD) which also argues for a bullish scenario. Failure of price to hold support area 2 could see Ripple (XRPUSD) return to Support area 3 as given in this post, which is between ~ $0.46 and $0.51.
BITFINEX:XRPUSDLong
by Coin_Analyst
CHF returns to previous levels- long USDCHFUSDCHF usually fluctuates in relatively narrow range. We were down this range for a couple of weeks, but now it's time to go back. We have met the lower trend line and has successfully pushed off. I see a higher high&low completed now (you should never buy falling knifes, I always aware of them and construct my ideas to avoid this type of trading - follow me, and you'll never suffer from them too). There are 3 reason more: falling S&P, RSI broke 30 (very strong signal) and Commitment of Traders Report tells us about big players selling their francs. I prefer to be with them. I have open half of position and is going to double on blue line as shown. At the same level I'll lift my SL to breakeven. My TPs are on higher trend line, but I will perform trailing stop just in case too.
Long
by ArtKon
Opportunity to short S&P 500Every one on the Street talks about incoming crisis and 5%+ downtrend for main US indexes. I suppose every trader should use such opportunities and open corresponding short positions. What we have for S&P today? 2017 and January 2018 made it extremely overbought - RSI was on 86, the last time we saw these levels during 1980 rise, and it was followed by 21% correction. Bad news from Apple (3.5% of the whole S&P) and unjustified tax expectations made the trend line breakout, with a wide gap. RSI has approved the signal by breaking through 70 (the most reliable RSI signal). Combing these factors all together I see a safe trade opportunity and open a short position. The best tactic for TPs is to close step by step. I am going to do it in three steps, as I show on the graph. I also put my SL very closely, because we still have a bull market, and I don't want to take additional, very possible risks.
SP:SPXShort
by ArtKon
[HOW TO PROFIT AFTER ICO] Catching longterm trend and fat profitThis is no NORMAL ICO - I like to call it ADD-ICO ICO's are Initial coin offerings, which is the moment that the coin is first offered for the market. ADD-ICO's on the other hand, consist in when the market already has some of the coins but yet it is going to reach new markets for the first time, for instance when a new exchange is added. Since it's all new, there is no price expected, so the sellers will practically start a sell war, usually, it begins with very high prices but as soon as the first seller starts to lower the price a quick chain reaction happens, this huge gap is where you can profit largely. Look BCH, for instance, it remained on the $200 level for some days, which was perfect to accumulate and then it rallied all the way up to $900. So this is a similar case here, first POLONIEX is known for only accept premium coin projects, so this is already a good sign. Second, the down movement is not only deaccelerating but also it's reversing. You can see how the RSI, which shows the strength of the trend slowly moves up to the positive level, basically, RSI means the strength of the trend when it's under the black(50) line, it means negative. If it's above, it's an uptrend. Also when the movement is aggressive the chart get's volatile and more unpredictable - which is not the case. Even though the RSI went down a little bit recently, the STOCH's show how it is in an oversold position which is good because it means that a reinforcement for the bull force, and also shows how buyers are slowly moving towards a healthy bull market. If you want to play safe you wait until the RSI crosses the black(50) line and stays there most of the time, or you can start accumulating slowly at the minimum price possible and holding it for a longer time(month+) and sell it for a good profit - hardly ever those coins go down after the bounce post ADD-ICO.
by spectertrading
1
ETH/EUR - Daily - Technical analysisHello everyone, Yesterday Ethereum bounced on an important support, which means that it could go higher. The RSI is Low, and we can observe a breakout which will be confirmed at the end of the day. However, the Bollinger Bands 35 and the Moving average 25 are bearish, i'll personnaly wait for a RSI breakout confirmation to begin to get in, and wait for BB and MA to get bullish to consolidate and achieve my investment. -- Signals : - Low RSI with coming breakout - Bounce on big support -- Thank you for reading, and trade safe ! The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
by Javatar
ETH/EUR - Daily - Technical analysisWait until to know where ETH/EUR gonna go when it will hit the support. However, the RSI could give a buy signal if it breaks the resistance. -- Signals: - Low RSI, potential bullish breakout is coming. - BB 35 and MA 25 are bearishly close. - Chart is close from a support wich can tell us where ETH/EUR will go. -- Good night everyone, trade safe ! The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
by Javatar