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Salus (SLS) : Prepping for a Blowout : Imminent BreakoutMost recently Salus had a pretty impressive rise that spanned over two sections and saw it peak at 450% above the starting level, a couple of days later.. Many people say my figures are too high and seem unrealistic.. I'm not quite sure what to say to this stupid response, since the facts are right here.. I didn't Photoshop the f68kng chart.. This is kind of the point of my posts.. To afford readers an opportunity to benefit from likely repeat performances.. Duh..
Long
by Lezz
1
BEAR FLAG CHART PATTERN STRATEGYBTCUSD 1H - Bear flag pattern trading strategy is one of the most reliable continuation patterns. One of the first experiences most traders learn when they start trading is price action trading and one of the most popular price action pattern that you probably have heard is the bear flag pattern. The bearish flag is a very simple continuation pattern that develops after a strong bearish trend. It doesn’t really matter if your preferred time frame is the 5-minute chart or if you prefer long-term chart because the bear flag pattern shows up with the same frequency on all time frames. A continuation pattern, like the bearish flag, brings some good news because it tells you that after the market has gone down it will continue to go down more. In addition to that if you missed the initial sell off and the market has gone without you, if you spot the bear flag pattern on that chart, then this is a sign and a safe place to sell so you can enjoy the rest of the bearish trend. What is a Bear Flag Pattern? A bear flag pattern is constructed by a descending trend or bearish trend followed by a pause in the trend or consolidation zone. The strong down move is also called the flagpole while the consolidation is also known as the flag. The bear flag pattern will always come after a strong move downwards and the stronger the move the bigger the profit potential can be. The bear flag pattern highlights a trading environment where the supply and demand balance has shifted badly in one direction of the market (supply > demand). This in turn will produce very little upside retracement which allows the flag structure to take shape. After the initial sell off, people who missed the train will panic and begin selling and more people selling it during the flagpole stage. During the pause or the narrow consolidation people will now wait to get higher price so they can sell but since the supply demand equation is so imbalanced this won’t happen and we get another smash that will make many people to chase again the move to the downside. Step #1: Look for evidences of a prior bearish trend. For a valid bearish flag you need to see a sharp decline. Just because you can spot the bear flag pattern it doesn’t mean you have to jump straight into the market and trade it. Remember, we need the right context and the right price structure needs to line up for a tradable bearish flag. A valid bearish flag first needs a sharp decline which is a strong evidence of a bearish trend and the fact that the supply and demand are out of balance. Note* The sharp move is also the Flagpole – the first element of the bearish flag structure. Step #2: Identify the Flag price formation. The price action needs to move in a narrow range between two parallel lines. The flag price formation is the second element of the bear flag pattern. Basically, all you need to do is to spot one support and one resistance level that must contain the price action in a very narrow range. The narrow range is key for the bear flag pattern success rate. Step #3: Sell at the closing candle that generates the Flag Breakout. There are two basic approaches to enter the market with the bear flag pattern. Aggressive traders will enter at the top of the bearish flag as this will secure a little bit of bigger profits. If you’re a conservative trader you can wait for confirmation provided by the flag breakout. Step #4: Place the protective stop loss slightly above the Flag. We’re accomplishing two things with our tight stop loss: Small losses. Higher risk to reward ratio. With such a tight stop loss you’ll have the comfort of losing many trades in a row because with the amazing RR the bearish flag can potentially wipe out all your losses in a single trade and still come profitable. Step #5: Take Profit target equals the same price distance of the Flag pole measured down from the top of the bearish flag. The text book profit target is the height of the flag pole measured down from the top of the flag.
BITFINEX:BTCUSDShort
by Tradingstrategyguides
BEST RIPPLE TRADING STRATEGYDid you ever consider investing in alternative cryptocurrencies other than Bitcoin? If the answer is yes, look no further, the best Ripple trading strategy can make you profitable by trading one of the fastest growing cryptocurrencies. By far the hottest topic in the crypto community at the end of 2017 and beginning of 2018 is the surge in the price of Ripple. Ripple price has blown up from under $0.02 to over $3 in under a year and has increased by 1,400% over the last month alone. The first logical question that must be on the back of your mind is what is Ripple and why you should be interested to buy Ripple. Ripple value has skyrocketed and it’s on everybody’s mind. At one point Ripple has surpassed Ethereum to become the second cryptocurrency in terms of market capital. What is Ripple coin? Ripple is a cryptocurrency based on a private blockchain that’s permission-based and centralized. It has drawn a lot of criticism from the blockchain evangelists because it’s opposite to the Bitcoin blockchain which is public and decentralized. In a nutshell, Ripple technology is trying to securely and instantly provide an almost free global financial transaction channel. So, why is Ripple such a great cryptocurrency? Ripple is trying to solve an age-old banking problem. If you think about it in the system we use today we do a lot of international currency transfers which takes a very long time for these transfers to take place. So, Ripple is trying to update that system and make it faster and more secure. We believe that Ripple cryptocurrency has a very useful place in the market as it’s servicing a huge need. Even though Ripple coin is different than Bitcoin, one of the Ripple’s advantages is that it has fast confirmation so, near real-time and instant confirmation of transactions. Plus, Ripple cryptocurrency is extremely cheap. Day trading XRP Ripple with Naked Charts Day trading XRP Ripple we need to deploy different trade tactics because Ripple price action has its own personality. Our TSG team has discovered through careful examination and backtesting that Ripple has the tendency to bottom on up days during a specific time of the day. Moving forward you’ll learn what the best time to day trade XRP Ripple is. Step #1 - The 15-minute chart will give us a better view of the overall price action and on the Ripple intraday trend. Step #2 If we’re on an Up-Day, Mark on your Chart the Time Window between 9 – 10 GMT Time As we mentioned earlier we have found out through backtesting that the best time to buy Ripple is between 9 – 10 GMT. However, that’s only half of the equation because our statistics also show that the best time to buy Ripple is in the up days. What do we mean by this? We want to buy Ripple if between the time window from 9 AM to 10 AM GMT, Ripple is trading above the opening price. If we buy Ripple above the opening price it means that we’re buying in the direction of the prevailing trend. Essentially, this is a trend following strategy deployed on intraday trends. Step #3 Buy anywhere between the 9 – 10 GMT Time Window This time window also coincides with the London open and it’s the time when many cryptocurrency traders step into the market. Now, depending on your trading skills and your experience you can fine tune your entry point within this time window. Step #4 When day trading XRP Ripple hide your SL below the Opening Price Any deep move below Ripple opening price will alter the bullish sentiment. A sell-off below the opening price indicates that the buyers are weak and maybe we’re better off trying to buy Ripple on another day. Step #5 Take profit once the Price Travels the Same Price Distance it did from the opening price until 9 AM GMT First, measure the price distance from the opening price to the high established between 9 to 10 AM GMT. Second, project the same price distance to the upside measured from the low established between the 9 – 10 GMT window.
BITFINEX:XRPUSDLong
by Tradingstrategyguides
DGD - Ground floor in?Hey. Here is my all natural, eco and local handdrawn chart update for DGD. This is just what I a see here. I don't have a clue about TA. So better don't trust it. ;) No financial advice so to say. I still hope for a C&H here. So this is what I see in my lucid dreams. Not sure if we are ready yet or if there is another leg down in. As you can see I am not working with a fork on this. Hope you didn't get screwed while watching a fork that isn't one. Let me know what you think. Educate me or tell me how stupid this is. THX.
D
by trenncost
9
ETCBTC pulled back to interesting level, will it bounce here?On the 4H chart we have seen a pullback to new recent lows. The level is 0.00319 (The lower Red Line), and is a pretty good long term level. The level is also the fib retracement from each of the cycle lows being a 50%, 61.8% and 78.6 % retracement from the different cycle lows. I cant show three fibs at once so will leave the overlay for you guys to do. So what will happen here, it seems to be most asked question of the week. The answer of course is we will need to wait and see what the chart tells us. A close below the level and I think we need to be very careful, we have a rampant BTC and that is the big volume coin in the game. If we get a bounce here and a close above 0.00323 we would have a decisive bar, bouncing off strong support and closing above the Horizontal, 3 fib retracements, and the 50 EMA on the 4H chart. If that happens I am definitely keen to get in. I would buy when price goes above the high of the bar. Stop loss below the bar. Entry above the first bar to close above 0.00323 Stop Loss 0.00313 Target 1: 0.00336 Target 2 0.00360 To make Dollars your decisions need to make Senses: Any rise in ETCBTC could be a due pullback in BTC. Is so we need to watch that pullback carefully and amend profit taking accordingly Follow us for an exciting trade idea later today.
by DollarsAndSense
9