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Holding BCC Losing Money? You can profit from it falling $$$We may be able to catch BCCBTC in the middle of a correction. Good to short, if your holding BCC this is the time to profit from the bearish market. Overall BCCBTC is in a range between .0640 and .2262, the range provides plenty of safety for us for now. You will note on the chart its currently in a bearish (downward) channel which is overlaid in light blue, you can profit from this. You will also note that every move up finished by a Large decisive Bullish bar (The bar closes near the top, circled in yellow), the market then slowly retraces the whole length of the bar or more. We have such a bar on 8th of February and a retracement that is underway but not complete. We would sell this now at live price around 0.1435, with an initial re-buy target of .1240, and for those brave enough leave about a quarter of the trade for the bottom of the range at 0.06500. for your re-buy. If we see an unexpected turn upward to .166 this will be your stop loss close position. Remember if you want to make Dollars your decisions have to make sense. Please note: Buy and hold positions create a clear bias in the opinions of traders, we have seen the effects and continue to see the effects of to many people holding coins and then trying to talk up a falling coin. What I intend to do is trade it, make money from it and share my thoughts with you. Follow to make more Dollars from trades that make Sense
B
by DollarsAndSense
4
PICKING UP STEEM! $17+ TARGET SOON! $35 THIS YEAR! A quick look at STEEM shows me we are in a longer extended triangle correction with A-B-C-D-E Elliot touch points. Now, sometimes the (D) touchpoint also becomes the breakout. I am unsure of the percentage here and am hoping a comment warrior can help me out but for sake of the illustration, I'd say that maybe 60-70% of the time we will travel down to point (E), hit our touchpoint and then break up. That leaves us with 30% of the time that we don't. Point being, we are close to a breakout of our triangle here. Now, because of the extended nature of this particular correction (RED TRIANGLE), I have cloned our purple fractal and multiplied it by two (2), an estimated length of the triangle. I have built the fractals on top of each other from an assumed touch point of (E) to reach our first shorter term target of $17, a 400%+ profit margin from our current price. Longer term I see STEEM taking off like a rocket. I do believe that it is well within reason that STEEM reaches $35 by year end (and I think this $35 target would only be the end of wave #3 - meaning we could go higher). This would constitute a nearly %800+ profit. If you want to place your bets on an alt coin that will be around for a while AS WELL AS one that will net huge gains, I do believe STEEM is the coin to be in. Veering away from technical analysis here, DTUBE (a decentralized video platform built on the STEEM technology) has recently picked up many major YouTuber's and this transition is about to avalanche with the Google Ad issues that we have been seeing in news stories recently. This will only serve to propel STEEM into newer territory and token highs. Brace yourselves, STEEM IS PICKING UP. The STEEM propelled rocket will be launching soon. Happy trading friends.
SLong
by stewdamus
Litecoin nearing significant resistance. Your levels. Little bro Litecoin has done quite well for us as of late. If you are a follower of mine, you have seen my signal posts readying all traders for the entry of our buy zone (see related posts) as well as my updates warning of our exit out. If you bought in the buy zone predefined, congratulations! You've done quite well! Now you may be considering taking a bit of profit. I am hoping to help out with that consideration as well. If you'll observe my chart, you will see that we have currently just barely conquered our .382 fib retracement on the daily. We had also butted our heads up against the bottom black longtrending resistance at around $238-239. This proved too difficult for the bulls to tackle. Baby steps. Now that we've tackled our .382 fib and can use this as a spring board, maybe tomorrow the bulls will find strength to tackle our bottom black trendline which should find itself at around the $240 area. Beyond this, we have our .5 fib retracement at around $258. And above that, a final strong resistance (top uptrending BLACK line) at between $290-300. I do think that our bulls will have the hardest time hurdling this if we get there. Overall, if you bought in my previously outlined BUY ZONE, it may not be a bad time to consider taking some profits if you are a trader. If you are a riskier trader, you can wait till we reach one of our higher levels at $240, $258, or $290-300. Of course, the higher we go, the riskier it becomes to hold it all. So, if you are a trader, it is definitely advised that you take a bit off the top soon. HODL'ers - keep HODLing as they say. Happy trading folks! Keep those profits flowing!
COINBASE:LTCUSDLong
by stewdamus
LTC/USD - Double Bottom Target Hit - Whats Next?So we hit our target off the double bottom I mentioned in a previous video and it got me thinking what's next. Run through my quick thoughts on what i expect out of price action. Of course, i'll monitor again tomorrow morning and change plans ff needed. I think the confluence of fib level, I mention in the video are interesting and be curious how price action respects them or doesn't. I hope you enjoyed the video... give me a like and leave a comment.
COINBASE:LTCUSDLong
by Crypto_Sid
2
FUN FOR EVERYONE WITH FUNFAIR! .60-.80 TARGETS FOR 1200%+ PROFIT Here's my analysis on this little sleeper: Looking at the charts I see a beautiful cup and handle has formed and is nearing completion. The handle, which is also a descending triangle with a near perfect ABCDE correction touch, is almost near the final bottom touch (E). This is also the correction phase 2 of Elliot's 1-2-3-4-5 waves. Combining Fib retracement with Elliot's waves and time/price/pattern brings us to the top of wave #3 near July. For those of you who hate to do the BTC to USD conversion in your heads as I do, this price will be at about sixty (60) cents. At this point, we should see another correction, maybe down to forty (40) cents or so, and then a final pop before the year end up to eighty (80) cents. I, personally, will be taking 50%+ off the top at around sixty (60) cents. This is a higher risk trade friends, but I like what the charts are telling me here. Good luck and happy trading!
FLong
by stewdamus
1
Is there a major trend reversal ahead?Pivot point is at 8384. Below the Pivot point , there is a bearish scenario, above a bullish one. Fluctuating around Pivot point means an undecided scenario and a sideways movement. First, we will have a look at the calculated target of the major downtrend, which started on December 17, 2017. For this reason, we will look back to my idea from February 5. There, I calculated the target 2304 for the current major downtrend. This target will be reached in three steps with intermediate targets at 5511 and 3230. We should keep this in mind while reading the rest of today’s idea. Bitcoin hit the USD 9000 target! For the first time since December 17, 2017, an upmove reached its target. There is obviously a lot of power in this still ongoing upward movement. Will BTCUSD be able to break the brown dashed trendline and end the major downtrend? In the comment below, we will have a closer look to this crucial area inside the blue circle.
BITFINEX:BTCUSD
by luckyhelper
8
I think we've hit our low.Here's what ole' BTC is currently looking like: We've broken down out of our descending wedge and down out of our descending channel, capitulated, and have now move back up into both. On the daily, we are attempting to swim above our 200MA. It appears we are wanting to form an inverse Head-and-Shoulders pattern on the 4 hour. Volume has confirmed the left shoulder and head thus far. Right shoulder remains to be formed before this pattern can be confirmed. If it plays out as expected, that second to the bottom BLUE downtrend line would form a nice neckline. The upside target then would be EXACTLY the top of the BLUE channel. Time would put us right at the intersect of this downtrend channel as well as the top BLACK uptrend line. Price would put us right at .5 FIB level. All three intersect right at the end of our inverse head-and-shoulders exhaustion target. This would form MAJOR MAJOR quad resistance, likely ensuring another strong move down. Short term I am long. Once we reach the top of our BLUE descending channel, I will like sell some of my position (if not most) to see what the market decides. Should we move up and out of our long time downtrending BLUE channel, my long term target this year is 50-80k. Should we hit our heads and move down, I will probably buy back around 8-11k and HODL. We'll see how this one plays out. Best of luck traders!
BITSTAMP:BTCUSDLong
by stewdamus
2
XRP/BTC - Where to ? Targets Set - Did a double bottom happen?Looking a the 4hr chart for XRP/BTC it looks like a double bottom put in its reversal and XRP ran off a bit. See the update below for screenshot of two possible options. I'll be waiting to see those play out over the next day or so. We ned to wait for the 4hr let us know which way we are moving at the moment. Option 1 - XRP retraces to 382 retrace and bounces to the 27% Fib ext Option 2 - XRP retraces to 618 and bounces to the 618 Fib ext
by tripjscrypto
Case Study for Mismanaging a Disciplined Trade StrategyIn the most recent BTCUSD dip I made a series of mistakes that put me in a slightly nervous position overall, but still generally favorable. Over a series of trades I managed to find myself in a position with an average buy price of $7486.13. Trading profitably on the dips I reduced this average buy price to $7348.21. Throughout this series of trades I had multiple opportunities to take profit and this discussion will focus on trading psychology and process failure. Early in my trading session I had managed to identify successfully entry levels that were reasonably close to where I could make a "dip" profit. Generally my target is around 2%. Given the big dip from $9.2k to below $8k and given the duration and recovery of that dip from $10k I felt confident that the market was oversold and all of the order book charts indicated an overall strong buying to selling ratio. My price target was just below $8.5k and on the first move up it hit $8.4k and I felt like there would be an orderly move over time. What I learned with this recent price action was that trading bots and whales/funds that control them have disproportionate leverage over price action. Not being fully aware of their techniques, I decided against adjusting my price target and I was "too greedy" and completely missed my profit opportunity after being presented double my normal target over two periods. Now having missed that opportunity I was forced to double down knowing that the next price move would likely be much bigger and deeper. Trading for profit on the way down I was able to recoup some of poor positioning but again, I did not quite understand the techniques of these algo bots until near the end when I was able to make an adjustment to how I choose price targets to better compensate for whale/shark algo bots. Setting price targets for exiting my position and reducing my risk came down to three possible outcomes: 1) Sell ALL at a higher price that would make profit but also leave me no room for error if I missed at $7800. This price level would have still been poor risk/reward overall so this exit strategy seemed like a mistake. 2) Sell ~half (47%) of my position at a profit at $7400 and then sell the other half at $8000 for "break even" on that part of the trade. This seemed like a prudent risk management strategy as I would have funds to take additional profit if the market moved back down while leaving in place a position that could become profitable over a longer duration. 3) Sell ALL at the higher price target that would give me a much bigger target but leave me open to poor risk management again. This was definitely the worst option. So I chose 2) which worked ok in that the first trade target was hit as expected. Then, while watching the order book I started to worry because there were big sell walls below $7500. I thought about how stressful it would be to ride that position back through another big dip and because of fatigue also overly focused on this possibility rather than going back to my pre-defined strategy of hodling for $8k on half and trading with the other half. Clearly, stress causes one to adopt a risk averse mental state. And this kind of risk aversion usually leads to the panic selling and "weak hands" phenomenon of selling at exactly the WRONG time, i.e. when you should be thinking about buying. So when I saw the price being challenged at $7k to $7.1k with very clear algo bot action pushing the price in both directions with very light buy order positioning I became a pawn in this algo bot action and decided to exit early and go take a nap rather than have to sit through another big dip with half of my fund at risk. Rather than see any huge sell wall the sell-side volume relented and the price nearly hit my price target of $7.9k. If I had been more disciplined I could have set a contingency (less greedy) target below $8k but I changed my plan using no particular reasoning whatsoever other than fear of these algo bots.
COINBASE:BTCUSDEducation
by powderpc
XRP/USD - Did We Bottom - Now To The Top?This is a follow up to last nights video on XRP/USD. We saw price action on XRP push down to a low of .63 today, but was quickly pushed back up to it's current levels of around .90. The daily candle that played out is telling me that there are buyers below. Based on what i'm seeing price action do on lower time levels, i would not be surprised to see price move down and retest the 200EMA, but at these discount prices, I would expect to see some quick buying action push price back up. I hope you enjoyed the video, give me a like and leave a comment... good or bad!
BITSTAMP:XRPUSDLong
by Crypto_Sid
7
XRP/USD - Just 4 You @RusticrockQuick video at the request of one of my followers. I hope you and everyone else finds this video helpful. Overall as with all cryptos at the moment, i continue to see bearish indication across all coins and that's the same here. I think we are approaching a level of resistance that will be tested and aligns with previous price action structure. A break and close below this level could see price move towards the 2nd target without much resistance to stand it its way. However, as we inch lower, I believe the buying pressure will accumulate quicker as XRP at these levels are on super discount.
BITSTAMP:XRPUSDLong
by Crypto_Sid
16
BTCUSD - We Got Low Got Low - Is 7K Around Corner?Quick up date this evening BTC and a follow on to my previous video. Price action has played out as i was expecting and hit my 1st target and giving indication that it wants to move to Target # 2. I know it's painful to see BTC correct this much but with correct money management dollar cost averaging into positions, I believe these levels are offering up great buying opportunities. Below is the link to last nights video! I hope you enjoyed the video, like, share and leave me a comment even if to just say hi. And follow to stay up today with my updates.
BITSTAMP:BTCUSDLong
by Crypto_Sid
LTCUSD - Lower Target Setup Playing Out! :)Checking LTC this morning, I'm seeing my update last night play out perfectly (Tradingview has configuration issues, so the post was hidden by them, as the video will not play). Anyway, here is what i'm seeing and the setup, which is very similar to the one on BTC is playing out (video linked below). Here are the Daily, 4HR, and 1HR charts with notes. I'll be watching the 4HR to see if we close below the overall uptrend line, which is most likely to happen give the size of the candle forming and that we have about 10mins before it closed. I'll also be watching the daily close today on this candle to see if it closed below, which would be great confirmation of more down side pressure. On the 1HR, we have a clear break of the up trend line, a pull back to test it, but seeing current pressure to reject a break back above the trend line on the hourly chart. I believe T1 is extremely in play as the first buy opportunity in this setup. So i'll be looking to add to position at this level and keeping eye out see if T2 comes into play as well. 1HR 4HR - Daily
COINBASE:LTCUSDLong
by Crypto_Sid
1
Litecoin Entering $110-160 Buy Zone! Litecoin has entered our buy zone! After a long and torturous descent, LTC has finally entered into our buy zone. Currently, in a descending wedge pattern (purple), LTC has bumped both upper resistance and lower support several times. We are running out of room in our triangle. LTC will be forced to decide where to go to get out. But which direction will it go? Up or down? Almost all signs indicate that we will go up from here: 1) MACD oversold 2) RSI oversold 3) Nearing 200MA 4) Nearing base of triangle 5) Nearing long trending support (green TL) which is currently intersecting with 200MA 6) Over an 80% correction from our highs. Cast your buy ladders here over the next several days. Anywhere from $110 to $160 is a great zone to dollar cost average yourself in. This is why we traders always try to have some cash on hand folks. The discount window is open. Now back your trucks up and get loading!
COINBASE:LTCUSD
by stewdamus
Careful. BTC still barely(pun) favors the bears. Target $8000. From what I see, we are still in an ABCDE correction (purple triangle). We could not close and confirm above the topmost black uptrend line last night on the daily. This is a significant development. We also have not broken out and above our purple triangle. This too is significant. Additionally, it looks like we may have one more corrective wave down (wave E). It should be noted however, that this final wave down does not alway have to occur. I am not certain of the percentage of the times that it does not complete, but I think it may be relatively high (around 30%). Comment warriors can you please kindly correct me if I am wrong. MACD still bearish on the daily. RSI still bearish on the daily. Volume still relatively light except when the sellers come in. All these remain indicators to me that we are still bearish. I know everyone wants to get a jump on calling the bull market again, but be careful with this. You must exercise caution here in your trading. We definitely are nearing a bottom, but there is not solid indication for me yet that we should become bullish. Take care traders!
BITSTAMP:BTCUSDShort
by stewdamus
2