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LTC/USD idea of a LONG trade.This is a trading idea created for the date: 28/5/2020 and is valid until 24:00 GMT+1 Symbol: LTC/USD Time Frame: 4 Hr. Expected duration of position when open: 4 Hr . up to 29/5/2020 24:00 Trade idea is: double resistance break out making it probable for a upward move towards 47.50 Go LONG if Price goes thru (above) 44.75 Position your T/P @ 46.60 Position S/L @ 41.45 When the LONG is open @ 44.75 and the prices goes thru (above) 46.05 move your S/L to : 43.15 If position is still open on Friday close it out at 24:00. Profit or Loss!! No trading during weekend for risk of low liquidity and spread widening. Close the position before the weekend with Profit or Loss! Next week we can find a new opportunity for another trading idea. Do not expect every trading idea to be successful. Do not expect every trading idea to be executed. It is very likely that the idea will not reach the opening trigger price. A good trading idea is one thing. Good money management is another important ingredient to end up in profits or loose less. Use due diligence and proper m.m. Do not chase losses. Do not s.a.r. to panic trade the opposite way. Make sure you can afford to loose all the money you allocated to trading. Have your position sized that the loss will not make you stressed or nervous. Trade ideas/setup of mine are created and focused to take pips out of the market and not to make a prediction or forecast of the underlying instrument traded. My trading methodology is based on probabilities, +E.V. , long term Win/Loss ratio and money management. Oh, and a monkey throwing darts on a chart in the backroom :) I have an personal interest in the ideas myself as I trade them also. I am not a financial advisor. Do your own due diligence and learn to trade on your own. Happy trading, Dan CryptoDesperado
KRAKEN:LTCUSDLong
by CryptoDesperado
3
SCALP TRADE WITH MULTIPLE TARGETAs you can see in the inverted bitcoin chart it has formed a Head and Shoulders complex chart with a pullback already done. so we are pointing to a 400 ticks of profit. We'd say that the optimal entry were 8900 with a stop loss at 8800 and first target is 9300, second target goes to the weekly uptrend which more likely will act as a resistance 9600-ish and a super optimistic but not impossible we can put as a third target at 10000. Tell me your opinion.
BITSTAMP:BTCUSDLong
by xlpz
1
XMR/XBT is repelled by a flat support for the second timeEarlier this morning at 06:00 EDT, KRAKEN:XMRXBT bounced off of a flat support line at around 0.00702 XBT driven by a quick reduction in the bitcoin/fiat exchange rate. While the exchange rate of bitcoin to fiat is declining presently, the upcoming halving is still around eight days away (as of this current moment). As such, it is reasonable to expect that the current drop in the exchange rate of bitcoin to fiat to be short lived. Historically speaking, the time prior to a block reward halving has (at least in the case of bitcoin) seen a run up in the exchange rate for the month prior to the often-over-reported event. Typically, when one of the high cap cryptocurrencies undergoes a dramatic upward move, the alternative coin markets decline (as both traders and algorithms around the world sell other assets to rush in and experience the thrill of the FOMO). This is the very force that has driven the exchange rates of assets like XMR down in recent days. All of this having been said, however, these larger trends inevitably take occasional breaks for a natural consolidation period (which is what we are seeing right now with XMR). It is in this moment that traders can snatch up a couple percent from the (short-lived) recovery before bitcoin resumes it's march ever higher toward the next halving.
Long
by finexus
ETH: Potential short coming inLet me know your thoughts! Bitcoin is approaching a massive resistance zone, and ETH is no exception to that zone. I have an auto buy set at $205 to try and catch a wick, but will realistically try to lock in ladder buys between $197-199. I'm picking this trade because it presents a nice risk to reward ratio. The stop is set to $210.50 for onl ya small loss, and teh short potential is faily large. If successful, I plan to close it at the golden pocket of retracement.
KRAKEN:ETHUSDShort
by infbp22
1
ZECXBT - Dead Cat Bounce Or A Selloff Bottom?Beginning on April 8th, 2020 at around 19:30 EDT, KRAKEN:ZECXBT began a major ascent from 0.00510 XBT that crested at 0.00576 XBT. Soon thereafter a selloff occurred which brought us back down to rest just above where the previous jump occurred. But is it just a " dead cat bounce " or is this the bottom of the selloff? We should find out before much longer. As a general rule, remember the words of Warren Buffett: “Fearful when others are greedy and greedy when others are fearful.”
Z
by finexus
LINKXBT Finally Cooling Off After A Historic RunAfter a historic run over the past few days (since April 6th, 2020 @ 09:00 EDT), KRAKEN:LINKXBT may finally be cooling off. Over the course of three days, LINK/XBT rose from around 0.0003345 XBT to a high of 0.00047499 XBT marking a solid 42% gain. Since that highest price point, LINK/XBT has started cooling off noticeably and has drifted lower and currently rests at about 0.0004399 XBT (as of right now). Is the momentum completely over or is this a temporary "regrouping" or "consolidation" period? Historical precedent would advise us that (as with all things in this universe) "what goes up must come down" - and "every action has an opposite and equal reaction". Therefore, it would be wise to be prepared for at least a gradual decline before things pick up again. As with all things crypto, we'll just have to wait and see what comes next.
by finexus
(W) - BTC in Symmetrical triangle + Possible Bull flag?What most people don't realize at times like this is to zoom out and check the bigger picture. This is the weekly chart of bitcoin which show a symmetrical triangle formation and possible bull flag. Also note how the volume is slowly lowering since the kickoff of the bullish run. In the shortterm bearish scenario: My first target is going long 6500-6700 My next target is going long 5300 - 5500 in the shortterm bullish scenario is going short at 9000 and 9500. In my eyes confirmation of a continued bull run would be a higher top than the previous one with good volume. Like for example a strong close with not a huge wick above 10k. These are very safe entries looking at the chart now if the volume keeps the same.
by jonathanvn
2
LTC BUY ZONE 49-51.50Hi guys! There are few buy zones in the chart you can see. I have tried to buy at first BUY ZONE and gave recommendation in my previous idea. But then I have closed the deal with aim to buy LTC in next demand zone. All recommendation you can find in idea from 21 Feb. So I put buy order at 50.75 and it is in work! Don't forget to use stop orders. Hope my point of view of the market situation was or will be helpful for you! If you want me to do analysis one the coins you trade give me to know. You can comment or write me a message. Trade in profit!
KRAKEN:LTCUSDLong
by NikitaBlock
2