Procinctu

Procinctu Updated 

Im playing an RSI divergence trade which has been working really well lately. For more on this RSI strategy, please see the related link below... RSI and crypto trading. Entry at 1.63 Stop at 1.41 Target at 2.16 OR whichever happens first, the price when RSI reaches 60, OR the 100 MA. If target approaches, and I can catch it, I will move stop trail it...

Procinctu Updated 

What do I look for when using RSI? Using RSI, you can get a framework of when to get into a trade or not. In my experience, this strategy works more than half of the time. So if you are using the proper risk, this strategy should be profitable. In this particular example, the strategy actually worked 100% of the time. Past performance does not guarantee future...

Procinctu Updated 

On one hand, it retraced to the .786 line of the Aug 2016 high on June 14... On the other hand, it is at the bottom of a channel... MACD on pace to cross over on the 3 hr. Leaning long, but not placing trade at this moment...May be something to keep an eye on... ill look at options prices today. Travis JMJ - UIOGD

Procinctu Updated 

Pretty simple. On the 3 hr chart, DASHUSD has been in a channel for about a week. Entry: $256.50 Stop: $250 Target: $269 I still would like to see another round of more lows in the overall market, so i will exit this trade at the target and reassess at that point. Travis JMJ - UIOGD

Procinctu Updated 

Hopefully you preserved much capital with my bollinger band squeeze warning last week. I see it possibly could be spent, and due for a little snap back rally. I have entered another short term bullish trade on Dash. As stated in my last bullish trade, I'm still not convinced the bottom is in in the overall market. But here is my explanation of the new trade. 1)I...

Procinctu Updated 

DASH has been fairly stagnant over the last few days. On several time frames, conditions for a Bollinger Band Squeeze are met. You can visibly see on the chart that the bands are contracting. Another thing you want to look for is the Bollinger Band Width. On a daily, many look for a 6 month low for the squeeze to be in play. As this is the 4 hour chart, the...

Procinctu Updated 

I entered a bullish trade on Dash . I'm still looking forward to the overall crypto market to reach more lows, but the DASH/USD chart checked a few boxes in the 'trade-it' column. 1) I like to look for long trades when RSI has a double bottom in the relatively extreme 20-30 range (conversely, exit trades in the 70-80 range). This becomes more attractive to me...

Procinctu Updated 

The DASH/USD chart because it is cleaner for the purpose of showing bullish RSI divergence on the hourly chart. There is increased probability of a pop in the crypto market down here. Looking at the history of many coins over various time frames, this situation often leads to at least short term bullishness. It is when there is a relatively quick dump, and RSI...

Procinctu

On Friday May 18 2018, Tether printed another 250 million tokens, bringing the total supply to about 2.5 billion USDT. The last print was for 300 million tokens on March 20 2018. And the previous before that was for 100 million USDT on January 23 2018. It is no secret how Tether and Bitfinex are intertwined, as a simple search will reveal those involved with...

Procinctu

Since my last publication on March 9, BTC dropped low enough to trigger my entry at 7736 on 3/14. I sold that for a small profit yesterday, and as the price continued lower, we have a right shoulder to a head and shoulders pattern. A head and shoulders would look alot better at the end of an uptrend, but on the 3 hour, at this location, I believe it still tells a...

Procinctu

Being interested in crypto, QIWI is one I have been looking at. They have had several crypto related stories surrounding them, such as applying to trademark "bitruble" www.coindesk.com forklog.net QIWI also launched it's own subsidiary "QIWI Blockchain Technologies", and acquired InspiRussia. financefeeds.com InspiRussia also hosted a blockchain and IT event,...