It no secret, I have a love affair with Litecoin so any opportunity to buy and I am in the front of the queue Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE 2. I am not here to give you financial advice...
We are jostling for power between a tight range of $4,000 and $4,250 ($250 range), with Bitcoin unable to break higher but resisting going lower. Even on the smaller time frames (this is a 1hr chart), a trained eye can recognise patterns. Inverted H&S is often a bearish signal but in my experience of trading Bitcoin, it has proven to be the opposite (as I have...
We got stopped out on our 1st Long trade on Dash, with a controlled loss. We will try again R:R approx 3:1 As always we keep our losses small and we play the probabilities by selecting Higher Risk to Reward trades to cover our losses so as to end up NET POSITIVE to grow our account. Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS...
So from what I understand speaking to traders is that many of you prefer trading on lower timeframe charts (1hr, 30mins, 15mins, 3min). As you know I'm a Big Picture guy who trades the Big moves (Daily Charts upwards) but when I want precision I go down lower. I'm showing you guys how I MICROMANAGE my trades to get PRECISION in my trades. Here we are looking at...
As we move closer to our DANGER ZONE, a number of you are asking me where I see Bitcoin price going after $4,500 price zone. It's early days, but this is a POSSIBLE scenario (see my Chart Analysis). Now we have some news events pending, like China's crackdown on Exchanges and Hard forking Announcement coming up, so only Price will tell us if this plays out....
Dash Long - Risk Reward approx 3.5:1 Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE 2. I am not here to give you financial advice and if you take a trade it is your full responsibility, not mine. 3. I am...
PLEASE TAKE THIS INTO ACCOUNT WHEN YOU READ ANY OF MY ANALYSIS Here is the Up Channel we appear to be working in (for now) on Bitcoin. Now, to be a valid trendline it must touch 3 points. We only see it touching 2 points, so this means they are unconfirmed trendlines but what this gives us are upper and lower price points to be tested. Points to note regarding...
I understand a large number of you are currently CONFUSED as to which way this market is heading - UP or DOWN? So I thought it would be helpful to you if I EXPLAIN HOW I use Techincal Analysis to OBJECTIVELY determine the FLOW of the Market and WHY I reversed my position from short to Long side: Let's start with looking at the 2 thick blue thick diagonal lines....
Ripple has been consolidating in the 50-61.8 fib range it has failed to create newer lowers respecting that 61.8 fib I am expecting a possible breakout on this crypto will be watching it all week for movement
As we have been waiting Bitcoin has rapidly went down! But it isn't the end . On the weekly graph it was clear that it would happen this way ( Divergence ). My recommendations are the same till the end of the week.
For all the Webbot guys on Telegram; OMG original moving ran from 1.50 to 9.54 and consolidated over past 13 days. The last 3 moves were 145%, 97% and 31% for a total gain of 510%. Breaking the 9.54 high triggers the potential of the next 3 legs or tooth; with a tight stop at 9; the first price target is 18 to 20, then consolidate, then 45 consolidate and then...
If the falling trendline is broken sustainly, i think Wings will spread the ones and fly. This is only the opinion if the writer and should not be seen as investment advice.
Litecoin is breaking out of it's bull flag. A nice pattern that formed after the run from 52 to 55. That run from 52 to 55 was the result of a long consolidation from 24 August. There is a lot of buying pressure behind this move so I fully expect it to reach my target of 59-60 . Entry: above 55 Target: 60 (100% measured move from breakout at 52-56 = 4...
Seems that Verge has found his bottom. So i'll buy the brakeout if the falling trendline is broken. Be aware of a bull trap. This is only the opinion if the writer and should not be seen as investment advice.
Ripple looking like a good long after a strong breakout of the trendline look to enter on retest of the daily trendline