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Scalp

Requested: Update on WINUSDT (yet another scalp, maybe)After my last idea on WIN, which played wonderfully as expected (.012 to .0.15, see previous idea), this altcoin did get into a descending channel, bringing the price all the way down to .0009 Right now everything looks bearish, there’s no volume (barring the exact candle that got the coin out of the downtrend, most probably a whale/insider bought to save it). However, we can wait and see a break out of the green triangle. If this does happen with a strong volume candle, we can expect some kind of parabolic move to at least the first resistance, which is at 0.012. Pay attention to the 4hrs candle the most, don’t be fooled by some fake breakouts in the 15m/1hr. Good luck, and stay safe! Not financial advice.
by Verve97
$TKAT bull run next week?If you missed the $TKAT and general NFT craze from a few weeks ago, it's back. $TKAT has had 3 strong days and now closed kissing top of Keltner channel closing up 36.65% :o Generally I don't like to enter swing trades Friday afternoon or after such a strong green day, but made an exception here due to the potential for an explosive move next week. $TKAT did this before on it's insane March 15-23 run. On the daily we see something looking like a Bull Flag Breakout. Resistance free to $46. If it breaks though that with force I think there a shot at breaking all time highs at $74 to who knows where. Trading these guys is tough as they jump around A LOT, up to 40% a day. If you're only into FANG and fundamentals, this is NOT for you. I'm trying to be careful with my risk management and hope you will be too. This is very low float and with 42% insider ownership, so if they hold we're good, if they dump... well not so much. Any thoughts on all of this? Agree? Disagree? Please let me know. I want to hear your analysis. Any tips on holding through gut wrenching pull backs on this kind of trade and timing the exits would be appreciated..
TLong
by Thundershadow
3
XRPUSD bouncing back to a channel highVolume for BITFINEX:XRPUSD has spiked when the price reached the bottom of the channel. This volume didn't increase during previous falls. This is signifying that at this level bulls and bears are tussling for control over the price. If the price breaks through the W formation, then it will be a good entry point for a scalp till the top of the channel. The RSI is also supportive with a trend upwards. Needs a breakout above the horizontal line (one full bar plus 1 -3 bars of confirmation depending on risk appetite to avoid a fakeout) for confirmation. The low the price reached is also the same level as the low of the previous rising flagpole (13 April) also signifying bullish momentum overall.
BITFINEX:XRPUSDLong
by slip_stream
2
Small Scalp for BTCUSD to DownsideI'm testing a new indicator that I was coding all night. It triggered a signal using an Extreme Opposite Stoch strategy to enter a short. There is some confluence as it appears to be a potential countertrend trade as well. If it plays out, it will be a 2.5 RR trade. It's funny as I was looking for long entries as it bounced off a key level until my signal triggered. Let's see if this script works as intended or not. Really happy to have a chance to test this on a low-risk BTC trade before I start using it on Forex pairs next week.
BITSTAMP:BTCUSDShort
by AfterlifeTrading
4
Bullish on DKNG(This is not financial advice) Hello everyone, today I have a TA on DKNG that I spent quite a bit of time on. Sorry this TA might be a little bit confusing and messy but there was a lot to go over and I will try my best to explain it all. To start off the reason I am interested with this trade is because I can feel excitement building up in the entertainment are with stocks like FUBO, GMBL, U and of course DKNG. I am both bullish on DKNG long and short term and I see it either dropping to support at around $58 and bouncing to either new ATH's or old highs. I have my support shown with the rectangle box and the red channel it is within. DKNG has been within this upward red channel for months and I believe it will stay in this channel and bounce within it. I have also set up price targets that you could possibly take profits at on different resistance points as well as supports on your way up. I took out most of the Fib lines to make space but I left two that I think are pretty important in this case. On this Fib Retracement you could buy at the 0.5 if you wait for it to fall to there where there is the fib line and two supports and the pattern of the RSI combined with the hype building up around the stock again as people talk about it more and MLB starts. buying 58 area is very low risk and a very solid buy if it falls back there. Otherwise I set up two other good buy areas you can see on the chart. The MACD does signal for a buy next market open most likely but it could be wrong and fall to that safe support buy area. The 20 day EMA is bullish as well as the VWAP if you change the timeframe. To conclude DKNG is a pretty volatile and active stock that I see being a great company long term and if I am right about my DD great short term as well. This stock would be a good day trade, scalp or swing trade. The only problem with a swing trade would be that in the current market swing trades are a little bit more dangerous. If you have any questions about this trade or the TA or disagree be sure to leave a comment. Thanks for checking out my idea if you like it be sure to thumbs up and follow. Thank You! - Vlaire
NASDAQ:DKNGLong
by vlaire