Took profit on the STARC band/Stoch RSI sell signals 25% sells on each. Will re-enter on a STARC band/Stoch RSI buy signal.
BAT printing some STARC band sells which I have initiated but I'm keeping a close eye on .345 for a rising triangle break.
POWR has broken out of it's 4 hr symmetrical triangle on volume. Looking for a run to resistance at .128 then .135 in the short term.
Switched from the Keltner Channels to the STARC channels for initiating partial buys and sells on BAT. Has yielded great results on this crypto in the 4 hourly time frame.
Partial buy on the Keltner channel/Stoch RSI signal. Great system for scaling in entries and scaling out exits. The rules are to partially buy on a candle or wick that exceeds the lower Ketner channel in combination with a Stochastic RSI reading under 20. Then partially sell when the candle or wick exceeds the upper Keltner channel in combination with a...
ENJ breaking through the resistance zone at .162. Price is now extended over the upper keltner band so scaling in a partial buy may be prudent. Consider adding more to the position on a pullback.
One simple strategy for trading bitcoin is watching the 24 week ema for crossovers in combination with AROON crossovers. Obviously enter long and add or hold when price is over the 24 week ema and the AROON up line has crossed over the AROON down line. I watch the AROON 60 level for breaks on an early heads up for possible trend reversals. When the AROON up...
Price currently breaking resistance at $15.79. Directional indicator at optimum position with a bullish dmi cross and adx in a lower range and under the +dmi. RSI trending higher indicating bullish momentum. A continued break and hold here could lead to next resistance at the former highs around $23.
BAT is currently at resistance here at .21. Short term traders may take profit here and wait for a break of the trend line or a pullback to a fib level to re-enter. If the trend line is broken to the upside then price should move to the next previous lower high at .34
Close eye on POWR for a break out of the symmetrical triangle. Near term support is .093. Watch that area for short term bias. Any break above .11 should be bought with stops at 0.92
Near perfect long opportunity on binance coin at this price level. Note the recent bullish MACD and Directional crosses. Long term support and resistance are right at this price level (11.60 ish). Short term traders can watch that level for trade sentiment. Longer term traders should seriously consider entry here with stops just under $11
Got the macd crossover, and very near the AO crossing over the zero line and the 8-24 ema's crossing.....Keep a close eye..
Entered long on the 8 - 24 ema bullish crossover combined with the AO crossover (over the zero line). This is one of my favorite plays for this simple strategy.
Fib targets to watch in the short term. Sentiment remains neutral to bearish until price is at least over the 38.2% level at 4353. Note that a bullish 8-24 crossover is near for traders that use that strategy for exit /entry.
POWR is trading at the top of the resistance channel. May consolidate here nfor a bit but any break above .096 should be bought with stops at 0.84. Looking for a 23% target gain to .12 on a break higher.
ETH is driving the entire market higher. Still has room to run till it meets resistance at the 185 - 230 level. Watch the AO indicator in the 4 hr time frame for a heads up on a trend reversal. I like watching the 8 -24 ema's for crossovers to determine sentiment and entry/exit targets.
Watch for resistance in the channel just above from 4064 - 4355. RSI oversold with the macd show a slight bearish divergence says buyers may take a breather. Also watch the trendline for support on any sideways to sown price action.