Finding entries in a strong downtrend is surely the most important skill to have, but where to place stops? Stop placements are important, it should be hard to reach for the market, but not too far away in order to limit your risk. Always have a predefined stop when entering a trade! In your head or better still as a live stop order. The stops should be above...
Price has recovered with 2 bullish candles after fall.
ETHUSD A fantastic run by ETH - was up 100% in 30 days. Correction now needed: up nearly 150% in 31 days. Could be running out of gas in near term though. Raise stops on longs to 720 to trap most of run if it falls away to consolidate from here
BTGUSD After losing the dynamic support yesterday BTG fell away to probe structure to its left and leaving pin bars of buying intent at 240 but never quite struck the support at 235 before bouncing away again - creating a new dynamic support line under the day's lows, like yesterday. Still grinding higher but meeting quite heavy selling and now pin bars of...
Litecoin 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...
Latest 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...
IOTA 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,...
BITCOIN: 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...
Litecoin/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...
LTCUSD Litecoin Dollar Still pushing higher but there is a danger here of loss of upside momentum here without more buying power arriving soon. Key near term support has been established at 89. Any fall below 88 will likely mean a fall back to 82 at least. Raise stops on any longs here to 88.
DASHUSD 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...
Bitcoin Update Grinding higher still. Day-traders can raise stops to just under 8230-8320, under the small dynamic underpinning today's rally. If this line fails Bitcoin should fall back to 8005 where it becomes a buy again with stop under 7970. Swing traders and long term holders stay long, as below.
First close over the 50 day EMA since July. Some resistance @ $3.40 and $3.61 then it's smooth sailing to $4.50. Targeting $4.50 first, $5.00 second and then the 200 day EMA around $5.75. Some weak support @ $2.89 and more solid support @ $2.55. Watch List @ TraderPix.com
Bounce off of support on it's way to the 200 day EMA. Targeting $0.75 with Resistance on the way @ $0.55 and $0.65. Stop set below support @ $0.47. Watch List @ TraderPix.com
Upside move and a break of the 50 day EMA after hours. Entry over $1.02 targeting $1.30 first and on the break of $1.40 new target will be $1.80. Support @ $0.82 could be a spot for a stop. Watch List @ TraderPix.com
Close above the 50 day EMA could be the beginning of the gap fill. Targeting $2.27 first with resistance on the way @ $2.01 and $2.13. Looking for the gap fill @ $2.94 on the break of $2.27. Tight stop below $1.80 and a looser stop below $1.70. Watch List @ TraderPix.com
Big move today, watching for continuation tomorrow. First target of $4.68 with a second target of $5.50. Support @ $3.45 and $3.22. Watch List @ TraderPix.com
Triangle / Pennant forming looking for a break to the upside in the coming days. Targeting $1.80 with resistance @ $1.60. Stop could be set below support @ $1.35. Watch List @ TraderPix.com