good Support at 0.618 fib. previous fib resistance were already broken we could see plusminus 60% profit
Here is a quick Time Analysis showing a POSSIBLE date for a Top which is 1Nov2017. Sean Vengan 10+ Years Professional Trader and Trading Educator REALITIES IN TRADING: In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading. We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal,...
One week ago (24 Oct17), I provided you, using my Technical Analysis skills, an area where I identified Fibonacci Support around $260-$265. However, I deliberately did not place a trade as I wanted the Market to PROVE itself to me. PATIENCE is critical in trading, in order to objectively evaluate your Risk. Well, the Market has cooperated and I am now satisfied...
Following a big sell off in Digibyte we appear to be forming a solid base at key Fib Level. So we can start accumulating a speculative position here R:R 4:1. Note: this trade may be a slow burn and take awhile to move so it's not a day trade more a positional trade. Sean Vengan 10+ Years Professional Trader and Trading Educator REALITIES IN TRADING: In...
Previously, I advised you I was stalking DASH, as it moved its way into the corner of a triangle and I stated the move could break either way, up or down. The Support I identified is currently holding and the Market is starting to show more of an upwards bias. With Dash and many other cryptos working their way into an apex eg Bitcoin, we can expect a breakout...
As we should know by now, in trading we identify a Pattern and Trade the Probabilities whilst protecting ourselves with STOP LOSSES. Well, our good friend Stop Loss kept our capital safe. With Bitcoin Short stopped out we took a negligible -1R loss. Bearing we had a Bitcoin Cash WINNER of +3.14R win. NET PROFIT IS is +2.14R, that's how we trade, our CAPITAL...
In this Analysis, I am going to give you a LIVE TRADE where you can MAKE EXCELLENT MONEY $$$ from. Remember, trading is about probabilities and if it's not right we have our stop loss to protect us. Let's start with the left-hand side chart, which is a Daily chart. We see that the Market has been making Higher Highs and Higher Lows, an Uptrend. However, we now...
Bitcoin Long, this is a trade offering a R:R 2:1, target around $6,000 Sean Vengan 10+ Years Professional Trader and Trading Educator REALITIES IN TRADING: In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading. We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series...
Fib support on NEO. Now this trade may go sideways for awhile, as it still works its way inside this Wedge, but with Support here at these prices its worth a risk as we see good support here and a healthy R:R 3:1 Sean Vengan 10+ Years Professional Trader and Trading Educator REALITIES IN TRADING: In trading, there are Winners and Losers. Accept it. If you...
A few of you have requested for an update on MONERO, so the chart shows the Fibonacci support that I have identified in my analysis. Hope that helps. Sean Vengan 10+ Years Professional Trader and Trading Educator REALITIES IN TRADING: In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading. We protect our capital with stop...
Remaining Neutral and Objective has allowed me to gain some clarity now on Bitcoin, so I will share my Time analysis (I rarely share) as well as Price analysis. So you get Time and Price today. As you will see, from this UNIQUE ANALYSIS (I have noticed a number of authors "copying" parts of my work) that Bitcoin has been working in a series of WINDOWS, helping us...
OMG Long Entry 7.8000 R:R approx 4:1 Sean Vengan 10+ Years Professional Trader and Trading Educator REALITIES IN TRADING: In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading. We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE....
A number of you have asked for a current analysis on Ripple (XRPUSD). So here is my view of Ripple's Key Fibonacci Support and Resistance Levels, on a Daily Chart. It does appear to be range bound, in this wedge, and currently (at the time of writing) testing the lower limits of the Range (Support). Hope that helps. Sean Vengan 10+ Years Professional Trader...
I really like the base that Litecoin appears to be forming and from a TA point of view we are looking at a nice "Cup & Handle" pattern forming. The chart has similarities to Ethereum and for both Ethereum and Litecoin, I am a buyer. At this stage, we don';'t know when it will show some life but interestingly while others (eg Ripple) sold off, Litecoin held its...
One month ago (8Sept17), I publicly stated my view that Ethereum has good upside potential. My belief, is that we are going to exceed $500. As a result, this is a great opportunity as an Investor (and Speculator0 to start what I term as "squirreling", that is to say, start accumulating your acorns so they may grow. Now Ethereum recently has been treading water...
I would imagine the majority of you will be VERY UNCOMFORTABLE taking this Long trade. So I suggest you just see whether it plays out or not. I don't pick and choose my trades I have a System where if I have a setup I act on it with any pre-conceived notions which one will end up winners and which one's will end up losers. If the price can fall to my BUY ZONE...
On reflection, I am cancelling any Longs given we are at extended levels. Whilst, there is a possibility we can get to 6k I am conscious of 2 things I see in my TA, which I cannot ignore. 1. According to my Wave Count, we are in Wave 5 on a Daily Chart. Wave 3, is usually the longest but Wave 5 can be equal to Wave 3. There is just not "enough meat on the bone"...