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Stops

Litecoin: LTCUSD Raise stops nowLitecoin Update Well the buy point on the break of the parallel was OK but the rally has been disappointing. Pin bars scattered around 92 and under show interest but stops below 91 will have been hit unless you delayed for the second buy point. Very annoying. That pin bar showing off the high today is not good. Either raise stops to 95 or can take profits here for 5% win at 97.5. Would be ideal if it came back to 92 again to buy once more with stops
BITSTAMP:LTCUSDLong
by sumastardon
4
Bitcoin: BTCUSD Update and stops for longsLatest Update 21.30 GMT We can by on a break of the dynamic holding back price off the highs - stop below the line...hope for a good clean break with enough powwer to break above the highs...if you go long just be careful at the highs....great if we see green candles beat it there...if it stutters and halts close down for small win and go again if and when the line is beaten Hope you were not put off by the messing all over the line after it was broken...look at the pin bar of desire/greed off the line? You could SEE this was beinning to look good here after 20 minutes of thrashing around ABOVE the line...a really good thorough test and it survived, no problem. You KNOW that price is irrelevant now, but it's still there in the back of your mind making you hesitiate. Forget everything you thought you knew about price. This is Bitcoin. It does not apply. Everywhere else in the investment universe price matters. Just not here. Only patterns matter here. Follow your chart or follow your heart. You must decide. It stays good whilst within the parallels. so stops just under lower line rising dynamically as the parallels rise above it.
BITSTAMP:BTCUSDLong
by sumastardon
1
IOTA: IOTUSD Continue to Use Dynamic Stops hereIOTA Update Dynamic Stops Another rally attempt cut in the bud. We went long here on break above 3311. Because we're using dynamic stops under the little trend line that supported the rally we exited the long at 3720 for a 12% win on a bad day again. Once again the majority of the gain was trapped in and left you free to buy again at the original price, bang on 33117 again...lucky, perfect you. Now sling a support line under this run and use it as a dynamic stop for this new long. Now you're cooking.
BITFINEX:IOTUSDLong
by sumastardon
2
BITCOIN: BTCUSD Approaching highs - raise stops nowBITCOIN: BTCUSD A fantastic day for bulls of Bitcoin has seen it rally back towards the highs. No stops we hit on longs and after problems gettting long here on Thursday and staying with it before stops got hit. Friday was kinder, steadier. We are many hundreds of points to the good here and need to protect profits now...See those 3 fantastic continuation patterns it hammered out during yesterday? Two strikes = 'hot' . All three times. These are the signals we need to familiarise ourselves with for the future..if you can spot these you have a key to the future...For day traders the nearest support is close at hand, at 11050 - failure here will mean a quick fall to 10970 - and should that fail it will comeback to 10638 where it becomes a buy again. And if Bitcoin can hold up here at first support/11050 it will then go on to test the high at 11390 - look to close out longs here and only re-enter long on a break of the highs by 90 points looking to buy again on successful retest with stops below 11200. Swing traders who got long from much lower (9400-9500) are showing about 1600 points of profit now in 25 hours ...use 11000 as a stop, just under and buy back at 10640 if stopped out now. Day tarders can use the upper paraallel of the top flag on the chart ...just UNDER 11000
BITSTAMP:BTCUSDLong
by sumastardon
4
Litecoin LTCUSD Testing important resistance: raise stops againLitecoin/Dollar LTCUSD Litecoin Dollar LTCUSD Testing important resistance at the old highs and so far standing up well. Once again it needs buyers here to push it out of the reach of bears at current levels. Litecoin found buyers exactly where it needed them and has since pushed 5% or so higher. The longer term chart (left) shows price straining against the old high , but actually it's sitting right on top of it, trying to pin it down and use it as support. It's doing well so far but the shorter term chart shows price getting squeezed into a narrowing funnel where a decision has to be made quite soon now...it either pops above the upper dynamic and makes a run for 109 - amazing, but possible, even though it seems unlikely. The Dow and Nasdaq have done exactly that this year already, so it can't be dismissed as outrageous altogether. But, on the other side of the coin, there's also a 50/50 chance (probably 60-40%) that price will lose the support of the lower dynamic and then fall back to 89 at least.This wave of buying has seen 4 smaller waves running inside the funnel, each one getting smaller in size, which is hinting at potential exhaustion here, a natural place to encounter profit taking. Suggest raising the stop on longs to a little under the dynamic support if day trading, and increasing longs if the upper resistance line can be broken through and survive any retest. swing traders can keep their stops at 88 for now.
BITSTAMP:LTCUSDLong
by sumastardon
DASHUSD: Up 80% + in 13 days:Time to raise stops/watch this flagDASHUSD Update We were so lucky to get filled at 305 back on November 10th just an hour or two after the last Dash forecast went live and trade is still live and going well, so far. But it could be fading here, it's falling away from the top of the flag and needs buyers to push higher and trigger the next addition to longs. If we see this the stop on all positions can be raised to just under the upper parallel at the point of break out. If at any point buyers fade away and sellers are able to drive price below the lower parallel all longs must be closed out as quickly as possible to trap in 240 points of gains, up 80% in 13 days so far. Bitcoin eat your heart out.
BITTREX:DASHUSDLong
by sumastardon
1