djhodnett

djhodnett

Short term analysis of BTC/USD. The important ranges for BTC/USD

djhodnett

BTC/USD Short term analysis on the 4hr. The red ranges are where I had my shorts positioned, and the green areas are where I will take profits and hedge into some potential longs. If the first range of low 7000's doesn't hold, we can see BTC test the 6700-6500 range. I expect some big wicks when hitting these lows so keep your stops tight. Remember, you should...

djhodnett

XRP/USD Green range is where I will buy. The red line below is where I will position my stop loss. XRP has broken below each of its original support levels. Because of this I expect XRP to enter the green range where XRP needs to hold its final level of support level. If this level is not held we can see a continuation of drop in the price of XRP.

djhodnett

Long term Analysis for ETH/USD. I would set up buys in the green ranges. I fully expect ETH to test the lower ranges as these are untested areas that ETH needs to determine as support.

djhodnett Updated 

keep it simple! Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade. Looking at GRUB on the weekly we have seen a nice hold at the first green box, showing us some support at the 34-35 range. If this level can hold and form higher lows it is likely the first profit target will be hit. If the...

djhodnett Updated 

Keep it simple! Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade. At this point you should have taken a LOT of profit by now on your BTC longs if you entered at the Green box. BTC did a perfect retracement to a previous support level and held. For those that didn't, the hold at the first...

djhodnett Updated 

Keep it simple! Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade. With a weekly view of XLM we can see it has come down to the first green box and held an important level at the 5400's Sats. For those that entered the trade, your first profit target should have been hit, and the trade is not...

djhodnett

Keep it simple! Looking at XEM on the weekly, we have yet to see a strong hold of support and a higher low play. Because of this I see XEM going lower, and possible testing the buy range (Green box), before the rise can begin. This is an untested range which many alts are following. The 31 Sat's range offers a great risk to reward ratio. From here we can see XEM...

djhodnett

Keep it simple! Looking at VET on the daily, there has been an unbelievable pump from the buy range (green box), making many of you over 175% profit! Hitting all three profit targets (Orange boxes). From here I would like to see a pull back to the 63 Sat's range, and find a solid support, before the next rally. If VET does continue the rise, I have set two higher...

djhodnett

Keep it Simple! Looking at MRK on the Daily there has been an easy setup for a short entry at the 87 range (Orange box). The frequent wicks into this range suggest that there are being fills made for short positions. I have set three profit targets (Green boxes) for this trade, where I will almost completely out of the trade by the third profit target. The trade...

djhodnett

Keep it simple! Looking at TRIP on the Monthly we can see an important range at 29-30 was held, showing strong signs of support (Green box). This was the buy zone I told people about. From here we have seen a 6% rise and looks like it is on route for the first profit target (Orange box) at 34. This trade I have set three major profit targets (orange boxes), where...

djhodnett

Keep it simple! Looking at Nikkei 225 on the daily, there was a good spot for a short entry position with a good risk to reward ratio. The Red box is where I suggested to short the range as rejection was likely, and the green boxes are the ranges to take profit. There are three main Profit targets as labelled. By third profit target I would have finished the...

djhodnett

Keep it simple! Looking at ONT on the weekly, we can see a level of support was held at the 640 Sat range (green box). This was the buy level I told many about previously. For those that took this trade, you have now hit your first and second profit targets (orange box). What I would like to see now from ONT is a re-test of the 640 to 800 Sat's range, forming a...

djhodnett

Keep it simple! Looking at DASH on the monthly, we can see a strong down trend momentum. With this trade I will be very cautious, placing my buy entries in the blue box at the 6100 Sat's range. There is a good chance DASH finds support above this range at the orange boxes, but my retracement levels don't suggest this as a level to buy at. I have posted better...

djhodnett

Keep it simple! Looking at LINK on the daily, we can see LINK came down perfectly to the green range (buy area) and held this level as support. For those that took this trade, you would have taken by now 6 profit targets (orange boxes), and made on this trade over 160%! By this point most of your trade should be out. The red box is a range where LINK must close...

djhodnett

Keep it Simple! Looking at XTZ on the weekly, we can see it has made a strong hold in the green box at a very important support level - 9000 Sats range. Not only this but XTZ has formed a higher low pattern, suggesting the level is respected, and with the rising volume a new higher low has been held. The allowed for those who followed this trade to hit their first...

djhodnett

Keep it simple! NEO has shown to be an amazing trade recently, soaring 70% up from our buy zone, and close to its second profit target! Many people were expecting NEO to continue to drop - including myself, and reach my low green buy zone. However, NEO found support at the 8400 Sat range. This level was key to watch as this was a weekly important zone - my red...

djhodnett

Keep it simple! For XMR I have allocated three three green boxes where I would look to long XMR. These levels are based on the previous highs to the retracement levels. As it is hard to time the exact bottom for XMR I would ladder in at the three zones 1,2 and 3. For zone 1 and 2 I Would allocate 20% on my trade for each, and then have the remaining 60% of the...