BitcornBen

BitcornBen

Drop a like if this helps you out, its free! :) Trade Idea: An ascending triangle is forming on bitcoin cash. This triangle is visible on the 1H to 4H charts. I am longing this area with hopes of a breakout. I suggest to enter half now and add another half if the upper resistance zone (blue box) is broken Reasons for trade: 1: Ascending triangle 2:...

BitcornBen

Drop a like if this helps you out, its free! :) Trade Idea: Bitcoin broke a 4H support but then immediately closed above this support the very next candle. This caused a fake out and a lot of trapped traders that are in shorts Reasons for trade: 1: Fake out 2: reclaiming of support 3: 200 4H EMA is under us acting as support 4: 4H Stochs...

BitcornBen Updated 

Drop a like if this helps you out, its free! :) Trade Idea: ETH is about to break a strong supply resistance zone. Time to long this baby to the mooooon Reasons for trade: 1: Broken strong resistance on 4H 2: Strong support of 4H 200,89 and 21 EMA just below Trade confidence: 8/10 RR: 3 or 9 depending on which trade you take

BitcornBen

Drop a like if this helps you out :) The MACD has just crossed on the hourly, if you look at previous crosses you can see that this is a rather powerful indicator and usually results in a nice rally/downtrend. The MACD indicator is one of my favourite and in my opinion on of the most undervalued indicator out there. I almost never take a trade going against the...

BitcornBen

Drop a like if this helps you out, its free! :) Trade Idea: break supply resistance zone on a 4H candle close with high volume. enter on a retest of the zone and long till the mooooon Reasons for trade: 1: Breaking a strong supply resistance zone 2: Breaking above 4H 89 EMA (white line) Trade confidence: 7.5/10 RR: 9,03

BitcornBen

Drop a like if this helps you out, its free! :) This is the basic premise of how I trade. Usually after a big downwards or upwards move there is a period of consolidation (ranging) the best way to trade this 'Chop' is to plot a range high after a big bounce, then plot a range low from the low where the bounce came from. Create supply/demand zones off these range...

BitcornBen

Drop a like if this helps you out, its free! :) **NB this trade only becomes valid IF we close a 4H candle above 241** Trade Idea: Bitcoin is looking rather bullish I expect BCH to follow at some point. Wait for a 4H candle close above 241 (this candle should have a lot of volume otherwise it could be a fakeout) then long the retest of now support until the...

BitcornBen

drop a like if this helps you out :) The Mayer Multiple is an insane indicator that helps investors know when its a good time to accumalate investments and when price enters into a bubble phase and its time to sell investments. whenever the indicator dips below 1 the histogram turns green. I set my value to 0.85 (found this works better)

BitcornBen

Leave a like if this helps you out :) We are currently sitting right under a major Bitcoin resistance level. I laid out all possible paths that bitcoin can take from here. All explanations are on the chart One piece of advice would be to watch volume. If Bitcoin breaks one of these levels on low volume it is most likely a fake out and don't trust the...

BitcornBen

If this helps you leave a like :) ETH is currently bouncing between 378 and 356. This is a very easy trade to take and manage. Wait for a 4H candle close above 378 or a 4H candle close below 356.6 ( make sure that volume increases on the candle that breaks the support/resistance ) You can manage the trade if you want to take profits along the way but the...

BitcornBen

Leave a like if this helps you :) Trade Idea: Big fake out move that usually calls for a test of the opposite side of the range where the fake out happened. Reasons for trade: 1: fake out 2: closed 12H all the way down to 1H above support 3: stocks go Brrrrrrr Trade confidence: 6/10

BitcornBen

Leave a like if this helps you :) Trade Idea: break of supply zone that was acting as resistance. Probably turned into support. Looking to long all the way to previous breakdown zone Reasons for trade: 1. 12H, 4H, 2H and 1H close above previous resistance zones. All very bullish 2. 1H stochs look primed for a move upwards 3. 1H 21 SMA is also...

BitcornBen

Leave a like if this helps you :) Trade Idea: Short retest of broken support that is now hopefully resistance. Reasons for trade: 1: Broken support with volume supporting this bearish move 2: hourly 21 SMA sitting at resistance Trade confidence: 6/10

BitcornBen

Drop a like if this helps you out :) Trade Idea: Long retest of support of 11500 as price broke supply resistance on a daily time frame Reasons for trade: 1. Just broke daily supply resistance with volume expansion 2. Daily 89 SMA sitting at 11 500 ( extra support level ) 3. previous resistance should now be support zone Trade confidence:...

BitcornBen Updated 

Some trade Ideas for Bitcoin. While Bitcoin is ranging it is the perfect time to catch small scalps on retests of flips of support/resistance. These trade ideas are only validated if we close a 1H candle above and or below the displayed levels. Drop a like if this helps you out :)

BitcornBen Updated 

Trade Idea: LTC just broke out of a ascending triangle. Hoping that we get a wick down back into the triangle so I can get entry. Take profit zones marked Reasons for trade: Breaking previous resistance, breaking out of ascending triangle Trade confidence: 8/10 - low risk with a lot of potential upside RR: Leave a like if this helps you :)

BitcornBen Updated 

Trade Idea: We just closed a 1H candle above 368.35 resistance. I am longing the retest of this previous resistance which is (hopefully) now support Reasons for trade: Broke resistance zone Trade confidence: 4/10 - the volume on the candle that broke the resistance wasn't too big and Stochs are pretty overbought right now. RR: 6.04 Leave a like if this helps you :)

BitcornBen

Bitcoin is currently ranging between 10 000 and 10 600 Any 4H close below and I would target a move down to the previous breakout zone Any 4H close above and I would target a move up to the previous breakdown zone Easy trades to manage with easy invalidation points. Drop a like if this helps you out :)