Smoak

Smoak

Weekly chart looks primed to bounce. Would put a stop somewhere below that support.

Smoak

Low risk/high reward long setup here. Put a stop a little below support in case it decides to fall out of the bottom. I don't know many particulars about Cosmos but it has a lot of major exchange listings (Polo, Kraken, Huobi, Bittrex, etc.). Coinbase yesterday announced that it is also considering listing Cosmos. Clearly if someone is putting in the effort to...

Smoak

XRP finally hitting the weekly 200 MA and its coupled with support there so its a clear technical long with a stop loss below support/200 MA. Trade based purely on risk/reward here. Not predicting direction but the risk is so small that its worth a shot to see where it goes. Best of luck.

Smoak Updated 

Just a follow up to the last idea about the Tether/price correlation which worked out pretty much spot on. Tether supply is the red line, you can see the lag continues as they mint the new tethers then push them out to exchanges and use it to pump prices up. My thoughts on this are that institutional interest and retail interest just isn't there. So,...

Smoak

I've mapped out the Tether supply vs Bitcoin price on this chart. charts.cointrader.pro It's a tradingview chart but not available to publish on the ideas section. This is Finex/Tether artificially pumping the market. In the link above you'll see that there is a roughly 34 day lag between Total Tether supply and BTC price. Based on supply, Bitcoin should...

Smoak

Pretty low risk short entry anywhere in the mid 30s. Stop loss will keep you safe. If you look at the last halving LTC lost a whopping 75% in the 56 days leading up to it. We are now in that same week...55 days until the next halving. Doesn't mean the same will happen, but it should top out pretty soon. If it does break out here and get close above, 220...

Smoak

Just something to keep an eye on. BTC lost trend, came back up to retest and now you'd normally expect to see a confirmation of that as new resistance and continuation of the bear trend. (But be mindful that when using a trendline like that it may go back up and touch it again and sometimes price even appears to make it above only to later fall down). Obvious...

Smoak

Siacoin finally finding its support. This is the first time my indicator has flashed a signal since the sell signal it gave from the 2018 top. Now it is giving us a buy signal to work with. Initial target from here is a simple retest of the former trend. To put things into perspective that is a x 5 return from here. Good luck with the trade. Hope it doesn't...

Smoak

Now we see what happens next. Complete algo control over this market.

Smoak

Will this be a retest and down to new lows or will we get a breakout? Truth is nobody knows. If we get a hard rejection here and it gets bought up over the next few weeks thus putting in a higher low on the weekly, it would be safe to say a new bull market has begun. But until we get that, you have to assume bear market is intact (even if it doesn't feel like...

Smoak Updated 

This is just a scenario I've been watching for personal use.

Smoak

Bitcoin keeps pumping and its fun. Looks like its heading for 7k where we either get a breakout or get a rejection. 200 MA on 3 day is a good spot to watch. If we break through that, then I think it makes its way to 10k before a roughly 40% correction. Other scenario is rejection at 7k and 40% correction to 4200 level. Reason I say 40% rejection is because...

Smoak Updated 

3 day chart may be more helpful. Can go either way, but what worries me is no retest of the downtrend breakout and no higher low on the weekly. The two things that would tell us the bear market was behind us. Good luck.

Smoak

In terms of risk/reward it is a short. A stop above the 170 level gives us a clear exit to minimize losses (you could wait and see if it heads up there before entering short). This is more a trade based on risk/reward. I wouldn't be completely surprised if BCH breaks up but until then its clearly a short.

Smoak

Just another view of a prior idea...

Smoak

Just something for me to look back on. This is not a trade!

Smoak

Most important part of trading is finding those good risk/reward trades. Tight stop above resistance ensures minimal draw down in the event of a break out. Blue bars give an idea of a possible path into the summer. Good luck and if you know of anywhere to short the LTC/USD pairing other than finex please share.

Smoak

Don't listen to any trader who tells you to do it. In fact, ignore all of their charts from this point forwards. You short the retest. Every trader worth their salt knows this very simple rule.