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ZRXBTC - Can go back and forth until confirmation is there...ZRXBTC 4H UPDATE - 28/04/2018 I would not recommend to sell here as marginal new high cannot be ruled out but cycle is mature and pull back should be seen soon. Don't try to fade. Invalidation level to the downside is 19,234 and we are in a motive 5 waves from the lows. I'll prefer to wait for confirmation of blue 1 completed and then buy the correction in a corrective 3 waves to the downside. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 22/04/2018-28/04/2018, I propose ZRXBTC Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
by The_202_Quants
XMRUSD. Will it make the textbook lie?Monero is following the path. And textbook is saying that in a new cycle, a motive 5 waves is followed by another motive 5 waves. How are we sure it will happen? How do you tell a cycle is completed? How do you buy the correction? Thanks for your time Cheers Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 22/04/2018-28/04/2018, I propose ZRXBTC Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
X
by The_202_Quants
BTCUSD - Getting a bit closer as correction structure unveilsas long as below 9,737.16, should expect 8,279.58-7,594.69 for buyers to show up. As move from the lows is in a corrective 3 waves, I won't buy, preferring other crypto setup like xmrusd or zrxbtc as discussed in TradingView. If you go long in the specified zone, I would get out below 7,590 because nothing says it has to stay above 6,427.16 or 5,920.72 as those levels are not protected (no bullish sequence in higher degree and no motive 5 waves up). For me to go long again, I would wait for a break of 9,737.16 from lower and buy the correction in 1h time frame. Invalidation level to the upside is 5,920.72, line in the sand for bulls. Check related ideas to understand why cycle from 6,427.16 is not a motive 5 waves to the upside. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 22/04/2018-28/04/2018, I propose ZRXBTC Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BTCUSD
by The_202_Quants
How To Trade a "Flag Break", NANOBTC Trade ExampleOne of the best and one of my favorite (day) trading patterns and strategies is the flag or triangle break, especially in a bull market or after a huge run or in a clear uptrend. In this post, I want to briefly cover what a flag or triangle break pattern is and how you can trade this pattern with an example on NANOBTC. What is the flag break pattern? A flag or triangle pattern is formed when the price has consolidated in a clear (descending) range and support after it had made a big move/spike. Here's an example of a (descending) flag/triangle break: How to trade the flag break and manage your trade? Wait till the price clearly breaks the drawn flag pattern. Enter when the candle is above the 50 and 12 ema's (or any other longer and shorter timeframe ema you prefer) for confirmation, higher probability and which then serves as a support: Stop loss As a stop loss, you can use the 50 ema (or any other longer term ema you prefer but I would go with at least 30 or longer), underneath this level or just under the flag/triangle support line. Profit Target As profit target, you can use the initial spike/run as your target for the next runup: Obviously, you can take profits at any time when you feel comfortable with or want to secure your profits. You don't have to wait for a target to be reached in order to sell. You can always sell a portion and let the rest ride longer. This will reduce your risk, give you peace of mind and more patience to let your winner(s) run. And that is how you win the game of trading, cut your losses short and let your winners run. Please like and share if you found this informative and helpful. Leave a comment if you have any questions. And until next time, good luck with your trading!
NLong
by Trade_Masters
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