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SHE

ShineChain (SHE) Channel 40% Concave bottom. Market entry pointsShineChain (SHE) The beginning of the upward movement from the support of the channel, then the rollback and the breakout of the support. Perhaps there are a lot of "passengers" in the channel and you need to get rid of them. The coin is very manipulative as it has little liquidity and only Huobi Global can truly trade. The one with the larger volume influences the price. It is possible that the return to the channel will occur through the concave bottom. For example, check out my ERD / BTC trading idea (EGLD after swap), there was a similar action, but there was liquidity. Breakthrough of the horizontal channel of accumulation, fixing the price below it, killing faith, returning to the channel through a concave bottom and super pumping the price + 1750%. This is how most altcoins work, look at IOTA, BLZ, LRC, AST, OMG and others, which were pumped up very much. Passengers should always be dropped. ERD (EGLD) +480% +1730% IOTA +70% OMG/BTC +70% +910% I think the logic of work is clear according to the schedule. Enter in cases of confirmation of support and price reversal from it. Working with a large amount will not work, the liquidity is small. The coin is more for work of people with a small deposit or for training. It can also be used in split groups by correlation in management if you are an experienced trader. Resetting a position before important resistance levels (zones). You can work in parts. Don't be greedy when trading. Greed breeds poverty. It is also important to exit the market on time and not suffer losses if the price goes against you. To do this, it is not necessary to use Stop - Loss, but to understand under what conditions the trend will reverse. Therefore, the entry point is so important, and not the Stop-Loss size if you use them. If Stop -Loss triggered or there was a trend reversal. Wait for a new good entry point to appear. Do not enter the market ahead of time. When the trend reverses and develops - re-entry. You need to understand that on most of these altcoins there is no margin trading, therefore, it will not work to short. There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations. Past idea + 166% ShineChain (SHE) Channel 60% Price near support Coin operation Result. + 54% to the resistance of the channel of accumulation , a breakout of its rollback and consolidation, the continuation of the movement Notice how Stop - Loss is knocked out before the trend reversal. In almost all cases, Stop - Loss of programmed "obedient traders" is knocked out on any instrument before the trend reversal. Track this on any graphs. Therefore, the entry point with a good profit / risk ratio is so important, and not the Stop - Loss itself, or even more its size, if you use them. I will not delve into deposit management here. You need to understand that it is always impossible to predict everything. Do not believe those who say that they always trade only with a plus, this is not possible. It is possible only when a person does not trade, but argues according to old charts ("traders" who teach but do not trade), there are many masters for this. No matter how cunning and experienced you are on the market, sooner or later there will be someone who will honestly beat you. Result. Taking the second target zone + 166% The real profit is much lower. This has been described and explained in detail in a series of articles on liquidity, pick and drop zones. Work on pumps / dumps and output from accumulation channels. If I have time, I will publish the idea of trading the alt on which I have been positionally working for 1 year, there I will cover the topic of liquidity, working amount and price movements.
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by SpartaBTC
15
ShineChain (SHE) Channel 60% Price near support. Work on a coinShineChain (SHE) after the downtrend stopped (maybe temporarily), the coin formed a 60% channel. For 2 months , the price made 4 movements in the channel + 60% 60 x 4 = + 240%. Now the price is at the bottom of the channel, at a very important zone. Also, do not forget that the price has come very close to the downtrend of the main trend. The previous pump pin bar struck her, but the price rolled back. Watch this area that I highlighted in blue. She decides which trend will dominate in the near future. Do not try to buy "cheap" as it may turn out to be not cheap at all. Do not enter the market of this coin ahead of time. I showed the entry points on the chart. Also do not forget about Stop Loos, as this is an overly risky coin in my opinion. How to work with Stop Loos so that you are not knocked out of the market ahead of time, I have described more than once in my teaching ideas, I won’t repeat myself. If the price breaks through support and fixes under it, you should forget about the coin for a long time, and wait for a new good entry point. The coin is mainly traded on Huobi Global , on all other exchanges there is no liquidity and there is a fraudulent increase in trading volume. TARGET AND ENTRANCE . (showed the algorithm of work on the graph from the development of the situation on the market of this coin). There are three options for trading this coin at the moment: 1) The first option. Trading in the accumulation channel in 60% increments with confirmation of support. Goals + 20-60% 2) The second option. Entrance during a breakout or rollback after a breakout of a downtrend line (red line). + 40% and above. 3) The third option. Entrance during a breakout or rollback after a breakthrough of channel resistance. from + 60% and XXX. 4) Breakthrough support channel. If the price breaks through the support of the channel and fixes under it, we are waiting for the price to stop and a new good entry point (which will not be soon). We must not forget that, unlike this local sideways trend (flat), the main trend of this coin is downward! Stop Loss. Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.
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by SpartaBTC
1
Bitcoin: BTCUSD 10/10/10/10/10 Magnificent Display Bitcoin Update Full Marks for Bitcoin More gymnastics overnight as Bitcoin tore across our screens. It's as if it's putting on a display for us all, going through a gymnast's routine across the mat and parallels, showing us a selectionn of moves and continuation patterns, all different over the last 24 hour display. Look and learn from this extraordinary creature. Is she mot magnificent? Ideally it will finish with one last blast to the upper parallel where we look to close out for a while if touched. Day traders can short from there wit stops 50 points above. You may win a heap of points. And you may get yourself a new one ripped - before you even have a chance to pull down your pants. But with a stop it may still be worth the risk, if we see that upper parallel touched today. Doesn't have to do this but it would be neat if it did. Stops can be raised to just under the top dynamic support shown on the chart now, just under 12250 Bitcoin Update (Last Night) A very quiet day for Bitcoin...a little break into new highs, a continuation pattern lasting 10 hours of stultifying price action and then a break higher, which is being chased higher in China. Still no sellers around though. So it pushes higher. Continuation patterns tend to last 5 or 6 hours, this last one was longer than usual but the break has been steady. Hope you spotted the pattern here...not a regular well defined flag or parallel but look at it: left shoulder, head, right shoulder: an inverted/reverse head and shoulders (so another continuation pattern to add to the list, to study and remember for ever) with the small dynamic resistance line at the top of the chart forming the neckline/break-point. The minimum upside target following breakout is 12,092, only 50 points away as this written. Another 260 points or so, if touched. The break today was slow coming - like fishing can be too - we have to learn patience and recognise that when Bitcoin goes into a continuation pattern it takes 5 to 6 hours usually to straighten out again and sometimes 10. This is the nature of the beast. We cannot let ourselves get tired by waiting though, becasue just when you think it's never going to break higher, it does. It's Bitcoin. Stay with it. Day traders can draw a support line right under the lows of this run from 11166 on a 1 minute chart to determine a near term exit. * Sorry to desert post today - busy in meetings that took all day and most of night...new Crypto funds starting up ahead of futures trading starting in Bitcoin on December 18 - Bitcoin gets more respectable with every passing day. Soon everyone will have a Bitcoin desk or risk being left behind, and getting labelled old-fashioned. Except for Jamie Dimon of course. Mr Dimon may be a stopped clock, but he could yet be proved right. One day. Until then, every other day, he's wrong though.
BITSTAMP:BTCUSDLong
by sumastardon
4
Bitcoin: BTCUSD Running on Empty - needs buyers - don't followBitcoin: BTCUSD So far only Corrective/Continuation Running on Empty Bitcoin has at least rallied from the double bottom fake-out low this morning in London but the rally has been feeble so far. Since the low it's formed another little parallel with a bearish upslope, though it does at least have a few pin bars forming off the lower parallel, showing some interest at lower levels.Any green bars quickly hit as the upper parallel is hit as Bitcoin lies trapped in a narrow range too tight to trade even by day-traders now as mean spreads stop the thing almost dead as this is written. It should still grind higher but this is ridiculous now. WTF at 7178? If long be careful, unless we see some green bars emerge soon this is going to fail again. Get out on a break below lower parallel or on test of 7274 if it stays above the parallel from now for 200 points profit if we see it. Only a big green candle is going to save Bitcoin now... It's back in the balance...it really needs a push here. And if it does now fall out of the parallel it's probably time for day traders to start selling too, initially back to 7070-7060 and then harder still if 7050 gives way back to critical support at 6960-6930. As before, this range is last-gasp support for Bitcoin. Any fall below 6900 should be followed by swing traders not too burned by yesterday's debacle, with a stop just above 6960 for a collapse back to 6312 at least and potentially to 6165.
BITSTAMP:BTCUSD
by sumastardon
1