Strat hitting strong support around the 200 moving average, RSI increasing, adx at a low. I believe an increase in volume and a close above 0.0014 would confirm upward movement. With a stop loss just under 0.001 we have a 7.5 r/r ratio. Fib gives us easy targets around resistance 0.0025 and 0.0035 with a total profit of 200% at 0.004. WARING: Please be careful...
Just thought I would share the results of my btc analysis for practice as I am new to trading. BTC obviously very bullish at the moment. i believe it will hit 4000 before segwit activication and as people start selling out or buying alts the price will stabilize slightly with support somewhere around 3650 then spike again to around 4600 by mid September. WARING:...
Good news has been coming out about Ripple recently. I believe it is undervalued and the RSI agrees. It has failed to drop bellow support at 0.125 and may have started a reversal. Trade can be confirmed with high volume, RSI, MACD and a cross of the down trend line. With a TP of 0.39 there is a 6:1 risk ratio. After that we should see a new ATH. Profits may also...
I am still new to trading and this is my first published idea, trying to keep it very simple. Perhaps an ascending triangle with higher lows and breakout above the 2900 resistance. Boiler bands closing in, MA's and RSI looking good, overall trend is bullish and still a week until the 1st of August.