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Awaiting Re-entry signal on XRP/USDWe exited our previous XRP trade yesterday with a 18% profit, now we're looking to re-enter long on a re-entry signal (if it comes..). The previous trade was entered from a 4HR setup and break of the trend breakout level (1), and exited off a weak overextension signal (2) and the following candle's forming hammer off resistance. Looking for a re-entry signal to re-enter the 4HR trend, ideally around (3) which is around the daily kumo. If we get the signal (just like at (5)), we place a conditional entry order just above that candle (or the candle before that, depending on price action). The blue line at (6) is the re-entry level. First target resistance is the same resistance as last trade at (4). Daily Daily chart is on a kumo breakout, but no trend setup yet. If we get a rejection from the daily kumo we will most likely get a clean re-entry signal on the 4 HR That's the plan, set alerts, and close the charts :) To get access to the indicator and try it out, please go here: Like and subscribe if you enjoy our work! Stay calm, and happy trading! ZenTrader
BITFINEX:XRPUSD
by DariusZen
Largo ResourcesLGORF Vanadium Flake and high grade source to V2O5 for making high strength steel. 0.5% V2O5 will double the strength of steel. Above this it can improve corrosion protection and harden metals like in aircraft engines. It is also offering a new battery technology that is more reliable than Lithium-Cobalt-Manganese batteries. The stock has already jumped 148.5% since July and climbing back to Oct. 30 high of 3.48 from current 3.33. Who will make Vanadium reflux batteries is my next question, anyone? Watching from 786fibretracement and nearing Oct. 30 high.
LLong
by Pokethebear
made4hr higher low & w/current bullbreak higher high anticipatedNice bullish break here puts us over both the 4hr 200ma(in blue) and on the 1day chart(not shown) we have now gone above the 1 day 50ma again which is a fantastic sign. The 1 day candle also looks very likely to close as a big bullish engulfing candle as well which should lead to more upside. Another bullish signal is the fact that it looks likely we may see a golden cross on the 4hr chart within the next few candles. We are also currently in a higher high/higher low pattern on the 4hr chart and looking to follow up the recent higher low with a higher high. To achieve the higher high we will need only to reach around $6840 which judging by our recent bullish breakout is very possible...in fact I think we will likely find our price action heading all the way up to test the top trendline of the current ascending channel we are in (in red) before dipping back down to hopefully simply form another higher low and continue the bullish pattern. If we can eventually break through 7k that will be a really big sign that the bull market may in fact be imminent. We are still awaiting a golden cross on the 1 day chart but staying above the 1 day 50ma will be crucial to speeding up the arrival of such a cross.
BITFINEX:BTCUSDLong
by DrDovetail
Inverted h&s break out target of 7230 hit. Higher high achieved!Usually right after we hit a higher high we see a lower high and while I think considering we are still finding resistance at the much larger/longer inverted head and shoulder neckline we will likely dip down for another higher low here. before we finally break the neckline of the larger inv h&s. I think odds are good if we see that higher low form that we will most certainly trigger the 1 week charts descending triangle pattern...if so we will be bullish in a very big way as long as we can stay above the 1 day charts 50ma like we have been continuing to do we should trigger that breakout. Very hopeful for what Q4 might brig in btc.
BITFINEX:BTCUSDLong
by DrDovetail
Great sign for bulls we've achieved a higher high on 4hr chartWe seemed to have confirmed the bullish break upward from the symmetrical triangle we were in (in pink) the target for a breakout from this pattern is in the 7.3k range. However Now that a higher high has been achieved if we were to have a sudden downside here before reaching that breakout target it would likely only form a higher low and then continue going upward. Immediate lines of resistance to keep in mind that could prevent us from reaching the breakout target is the 4hr 200MA (shown here in blue) and the 1 day charts 50ma represented here by the orange hyphenated line, as well as the psychological resistance of 7k. All 3 are worth considering and keeping a close eye on price action once the candle tries to test any of these 3s resistance. However should this breakout be confirmed I think we will see a climb to the 7.3k region before the downturn occurs...we may even send a wick above the old inverted head and shoulders neckline before hand too. Must be ready for bullish or bearish outcomes to play it safe though.
BITFINEX:BTCUSDLong
by DrDovetail
A break upward from here would solidify the higher low at $6250 Unless this becomes yet another fakeout the price action appears to be ready for a break to the upside which will confirm the higher low and at the point we will be looking to establish a higher high (above 6.9k) to continue the pattern and officially hand control back over to the bulls. if we were lucky enough to achieve a higher high on the next leg up then odds are very good at that point that we will be seeing btc finally break upward out of the 1 week descending triangle pattern we are in. Of course even after achieving another higher high on the 4hr chart that would still give the bears as many as fourteen days to send it crashing back down inside the triangle but probability much more highly favors a confirmed breakout. So far the recent ETF rejections haven't caused the price to dump too much but still something to anticipate the possibility of. I think most people see the big ETF to focus on as the Van Eck ETF which won't be decided on until somewhere around around September 23-30th.
BITFINEX:BTCUSDLong
by DrDovetail