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Dash Entry Point Reward to Risk 2:1Dash is forming an ascending triangle (Bullish). A break above the top could see a gain of 80-110% the height of the triangle. A pending order could be placed above the top of the triangle. Two things to watch out for. Target 1 is the ATH and it's pretty close. We might find resistance or reversal here. Between the buy opportunity and the max expected profit is the psychological barrier of 1K. This may cause heavy resistance or a reversal. Buying within the triangle is not advisable, since there is still roughly a 35% the trend will break the bottom rather than the top. Stops can be adjusted upward if the candles stay within the triangle for a while longer. This will eventually give a more attractive R:R
Long
by Tmoran
XRP Entry level Reward to risk 2.5:1XRP is forming a possible bull pennant. A pending order can be placed right above the top slope of the triangle @ .81ish. First target is an area of possible consolidation or reversal. This would be about 10% profit, which is a great place to prune risk by selling 1/3 of the original stake and raising the stop loss to the buy in price. At that point I'll lock in 3% profit no matter what happens. Note: if you made 3% each day, with compounding interest you'd double your money every month. If you average 3% per day for a year, each $1K stake would compound to $2.5 million. Second target is the psychological level just below $1. A great place to once again prune risk, as the chance of consolidation or reversal is pretty high here. The final target is the first fib extension. However, it is so close to the $1, I'm skeptical well get there before another flag forms and another entry is possible.
Long
by Tmoran
LTC Entry Point LTC is still forming an ascending triangle pattern (bullish), which is functioning as a bull flag (bullish) at the top of the rapid run up from the low 100s, which forms the flagpole. A pending order may be placed above the top of the triangle @ 330. By breaking the bullish ascending triangle consolidation pattern, LTC can be expected to gain 80-110% the hight of the triangle. By breaking the top of a bull flag, there is a chance of gaining the entire length of the flagpole. There are two partial take profit targets that are marked in blue and line up with the fib extensions. Consolidation or reversal may occur at or around these levels. I'll be reducing my exposure by selling some of my stake at each of these levels. I'll also be adjust my stop loss up to protect my gains. It is not advisable to try to buy inside the triangle since there is still a roughly 35% the trend will break the bottom of the triangle, which could trigger a retrace of 80-110% the height of the triangle from the point where it breaks. Don't forget to place stops once your buy triggers, as a BTC correction still possible and could drag the market down with it.
Long
by Tmoran
NXT USDT Updated Another Bull Flag Entry PointHello again! NXT is turning into the king of December with setup after setup giving us great entry and reentry points. We're currently in another Bull Flag/Bull Pennant. A break above the top would signal an entry point - A word of caution on this one though. We're right below the longterm trend line, so I could enter at .695 only to see us bounce off the longterm trendline at .72; however the overall trend and fundamentals are so bullish on this coin that I'm not overly concerned. If we make it through the trendline: Target 1: previous All time high (I'll be taking 25% off the table here) Target 2: The length of the flagpole added to the top of the flag (note: the pattern suggest a gain of 80-110% of the flagpole, so I'll be keeping an eye on this range for reversal or consolidation, either of which will se me taking another 25% off the table). Target 3 is the extension of the Fib, it's also right below the $1 mark which should be a significant psychological hurdle. Overall, note: I pretty confident at this point that this coin will go over $2 this month, with a reach goal of $5. All of these entries and exits are meant to increase my pile of NXT, while protecting my trading bankroll. See my previous ideas on NXT for an explanation of the Ignis air drop on the 28th or to see how my other trades have worked out.
NLong
by Tmoran
13
BTC Entry R:R 3.5:1 Looks like we might breach the top of a Bull Pennant (this needs to be confirmed by making a new local high), if so we are headed to 20K. First target and final target marked on the chart. We will be protected on the downside both by the icould and the icloud baseline. Caution: if the bottom is broken rather than the top, we could be in for a deeper correction, so buy at the bottom of the triangle to squeeze out a couple extra % of profit would be a really bad idea.
Long
by Tmoran
STRAT BTC ENTRY Reward to Risk 3:1 If the top of the descending triangle is broken it will be a very bullish sign and I expect we will quickly run up to the recent swing high of about 0.00075 BTC. This will be the zone of take profit 1, where I'll cash out 50% of my initial trade and adjust my stop-loss up to my entry point. Final Target is the 1.618 Fib extension. Note: The downward sloping upper side of the triangle must be broken for this theory to be valid. Trade responsibly; don't forget your stop-losses!
SLong
by Tmoran
1
ETHUSD Update Good for Day Traders, others look for lower entry ETHUSD Update Neutral in near term but still bearish whilst trapped under 440 Very interesting price action here: having sold at 468/9 we were waiting to see if ETH could hold up above the lower parallel...it tried so hard for a few hours but eventually it succumbed...failed breaks: remember the pyschology gone over in past posts...day traders are out almost immediately an ETH dives to find structure to left, losing the line at 446 like a hot knife through butter, finding support around the next line of support at 433/target level for bears to close out shorts with a low at 432 (mid structure here, so far) on the chart. Although day traders have bailed out some have bought back lower and others, bemused by the price action remain long...the pattern is confusing in the very near term at that point...bulls say it's cool, spike down, correction done, it's OK so long as 446 holds it up ...those looking at the bigger picture are not so sure ...we did the right thing to trap in profits close to the highs of the run: and not to get trapped at the 480 levels even though it was looking fine for a few hours before failing. It was OK to close out shorts at 433 too. But this pattern is not healthy now. ETH has not finished its rinse out by look of it. More stale bulls need taking out, still, before this is ready to rock again...it's till under pressure whilst unable climb back above 440 and hold up there...432 must hold now if ETH is to have a chance of stabilising here. Any failure here will tip ETH back into bear territory, forcing price lower to 418 and likely spiking as low as 410 before rallying back to 432/3. Annd if at any point 410 gives way by more than 3points look to shoort again on next pull back to 410 fr another decline to 385. Good trades here so long as we follow what the chart is telling us. Initial resistance at 439-440. Needs to break above here and hold before the bears will let go, then it should run up to 446-8 again and come off one more time from there. Good moves for day-traders here but for swingers and those looking to buy this at a good price it looks like we'll get a better chance from lower down if we wait, and not be tired by waiting, etc.
BITFINEX:ETHUSD
by sumastardon
2
Dash/Dollar: DASHUSD Entry levels/Strategy ReviewDash/Dollar DASHUSD Strategies Reviewed Time Always Tells The 2 possible entry strategies yesterday gave one great result and for the other the jury is still out. You'll be familiar with the story about the old bull and his boy out on the range: the young bull sees a herd a beautiful looking cows in the valley below and says: Dad, look at those babes...that one looks like Adriana Lima! Let's get down there and...you know the rest. That was Dash yesterday - don't chase, it might just come to you and eat right out of your hand. Sure enough some smart traders stuck a few lazy orders down at 302 (entry was actually placed just above the break level/previous spike low on Thursday at 302.8 but it looks to have come down to 300 low) - and then ripped 57 points or 20% in a near straight line in less than 6 hours...makes Bitcoin look quite tame at the moment. That was the good choice, the older, calmer way to go. The other choice was follow the break-out above new structure at around current prices now, 338-342. Then we have to keep an eye on price action to see how it behaves after the breakout, obviously. And here, it has to be said that follow through is lame, so far. We're in a weekend too. We can see those two spikes that have recently formed, showing quite strong rejection from just under 360, so am concerned here that if it breaks back down below 335 now, it will likely fall away on lack of buying interest to 318 at least and quite possibly it can spike down to 302 again before it rallies...this break-out has failed, so far. That's what the chart is saying, and Dash needs buyers now to push it higher still, otherwise it will start to fall away. So need to put a tight stop under this, if long and day-trading, at 328. If hit, then put a buy order in at 305 with stop just under 296 and see if it gets filled. Longer term The sloping head and shoulders pattern here is similar to the one on Facebook, in this case with a minimum upside target at 453, with the most likely points of resistance on the way marked on the chart. It's good medium term. But be careful of whipsaw between 302 real support and 340 reistance in the very near term. It's a good tradeable 10% range for day- traders once 330 gives way...that's where they're most likely to step in on short side, so use stops, looking to get long again from lower down if 330 gives way. Moral of this dumb story: sometimes it pays to be cool and calculating and sometimes it also pays to follow the herd and play momentum breaks. But a momentum break needs careful watching over on the day following the break: did volume spike on the break out? Has it had follow-through? Are there any scary pin bars forming showing quite strong rejection at higher levels...? You knew all this anyway. Don't trade on hope. Trade on what the chart tells you. If you can manage to master this Zen-like state, you are free. It's not you. It's the chart.
BITTREX:DASHUSDLong
by sumastardon
Ethereum/Dollar: ETCUSD - entry points Ethereum Classic/Dollar ETCUSD Nice continuation patterns here giving quite clear entry points on each break above each little pattern. It's just had a good break and is a little overbought - so can't chase it here - instead, suggest 'going fishin' (as with last Dash comment which yesterday worked perfectly) - put an order in just above 15.24 break out level and maybe later in session the fish will swim to the bait and bite and maybe it won't. Eventually this looks as if it will move back to retest the highs around 23, with each level of most likely near term resistance, shown on chart....let's see if the fish bites
BITFINEX:ETCUSDLong
by sumastardon
Bitcoin; BTCUSD Last valiant chance to go long with stop closeBitcoin A fantastic point perfect test of the parabola has held up Bitcoin so far. It's rallied to 7150 and stopped, coming back down to give a buying opportunity close to 7080, so look to buy as close as possible witha stop under 7050. If this ends up failing, we've had a valiant try and a faily small loss compared to potential gains if this is the to be the low. And if it isn't please refer to earlier comment for shorting strategies.
BITSTAMP:BTCUSDLong
by sumastardon
USD/JPY - Aggressive 6H Entry (Trend-Change)USD/JPY - Aggressive 6H Entry (Trend-Change) @: 113.692 S/L: 114.445 (-75.3 PIPS) T/P: 112.130 (+156.2 PIPS) Risk:Reward: 2:12-1 ENTRY: We have seen our 6H candle close -BELOW- our major trend-line indicating a trend-change. As well as our 8H and 1D candles of closed -BELOW- as well. We are looking to potentially reach our Minor Support of 112.130 area. S/L: We placed our Stop +10 PIPS above our Minor Resistance area of 114.355. EXTRA: Usually at this time of day the market can be kinda slow, and we can see a potential draw-down. However; we don't have anything to worry about. If price were to manage to get hit, we will possibly we in a trend-change to the upside and recover our loss if that were to happen. *This is NOT a signal, we are NOT responsible for any type of losses you may encounter. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com
Short
by TheForexClubFX
Bitcoin: BTCUSD Last chance for low risk entry approachingBitcoin: BTCUSD Last chance for low risk entry coming up See how the old (now dead) rising support line is still trying to kill anything that comes near it? It's still toxic... You can see why day traders are wary of it, especially as it coincides with fixed overhead supply at the same 7350 level. (This stuff takes too long to write and too damn often what I think is about happen, HAS hapened by time it's finished ...very trying, especially as Bitcoin moves between 10 times and 1000 times faster than any other instrument on the planet. It was already on crack. Now it's doing steroids too. It's Jaws on crack and steroids and we've got it on the hook...maybe If you were slick enough to get long lower maybe you were slick enough to exit too??? If not, it's OK. We need to move away from that old toxic rotting line of rising support/new resistance, the left-overs from an old trail, to stay in outlaw-chasing mode....well there's not much selling going on from 7350 so far...ideally Bitcoin will trade sideways to down for a while and start to build support off 7260-7245 range and from there start to rise again. Look to buy/add from this range if tested. Will still be using a tight stop though just below 7220 just in case that old resistance line proves to be so strong it''s unsurmountable. If it gets struck, the risk is about 50 points. The potential reward is incalculable at present. It's the only financial instrument in the world you can say that about. Everything else has it's value, pretty much. Good luck!
BITSTAMP:BTCUSDLong
by sumastardon
3
Great entry to go long on DNT!Really nice chart. This coin had its pump and was then dumped and is now back for business (lol). Anyway, volume is descending whilst the price is making higher highs which is a bullish sign. Marked possible resistance levels with the blue line. Don't take the yellow line for granted it's just there to visualize things. In fact, we will probably see a more sideways chart. But the point is that this looks like the perfect entry to go long on DNT. They have a very active and transparent team.
DLong
by AaronCrypto
Triple top downside breakout LTCBTC trading plan. The general alt context is the one of a very strong correction. Some major cryptos broke (yet) historical support levels, LTCBTC -4.43% just broke the 0.010 line that supported the price since may. It confirms the Triple top pattern. The trade has, seen the context and the major break, an high probability of success. We well use the maximal amount of money allowed by our money management. Black lines on the Charts represent the different magnet levels given by ichimoku (Use higher TF flattened SSB -0.22% levels), the -20% level is the target given by the Bulkowski rules for tripple top patter trading. We enter now as the break happened and add on pullbacks till 0.010 AND on rebreak lower. This alt counter rally is EXTREMELY strong. I see no or few pullback coming. Stop slightly above 0.010. The plan is to trade only this leg down for the moment. Trade risk reward is around 3. We'll be cautious around 0.0084 as a resistance stands at this level.
Short
by narushima
5