13.11.2019 - Tron (TRX / USD)Hi Traders!
Tron (TRX) comes from China and we will take a closer look at it as it has a very nice chart. So we continue to analyze Chinese coins. We chose TRX deliberately because it hasn't yet performed anything and the graph indicates that this could change . NEO has already made strong growth, BNB and XLM are also keeping up nicely. This whole group of coins is Chinese coins.
Day chart
We are currently on strong support and something like a round bottom is beginning to form. We estimate it's the fourth wave. On the chart, we can again see a beautiful channel that has been broken . Thanks to Elliot's waves theory we know that the third wave always breaks the channel. It is a wave that is regularly the longest, has the highest volume and breaks resistance and trendline. This scenario suits the current situation. The chart is currently rounding up and we've seen several positive news by Justin Sun (Tron CEO) on Twitter, along with many signals from foreign groups. Globally, the chart looks really good.
Will Tron follow the growth of his Chinese colleagues? According to us, yes!
May the crypto be with you!
Up
is XRP about to Bart its way UP? to recovery and beyondXrp had a nice trendline that lasted several weeks, but it get out of there and now is showing some signs of recovery;
could we see xrpbtc forming a bart way up to the 0.000038 and continue gaining more value?
with Swell just around the corner I think the answer is probably yes, we'll see
not financial advice, trade carefully
DOUBLE BOTTOM(GO ON DAILY TO GET A BETTER PERSPECTIVE) )Similar to NZDCHF (Makes for decent correlation) , in a case like this one pair will just work as a leading indicator where price will go , if you miss one there's another one, use it to your advantage i guess (doesn't mean you should have positions open on both , it just means double the risk not the money, you could but that's not the best idea)
evidently NZDJPY is the leading indicator here , and it in the horizontal neckline zone. and i an waiting for price to continue to the upside and might buy and T.P @ 70.594 end of this zone.
DOUBLE BOTTOM ON SUPPORT TRENDLINEminor res broken forming 2nd bottom on trend line
(GO DOWN TO 4HR TO ASSESS SITUATION AND FIND RIGHT ENTRY FOR YOURSELF)
P.A- 0.63000 for early entry ( this level is prone to getting triggered early af if price decides to be on some bs) could be a good outcome or bad , close to current price (good stops and lot size can save you )
P.A-0.63249 safe entry after res at 0.63182
(IT IS ALL SUBJECTIVE)
$RETA ShortStock: $RETA (Reata Pharma)
Stock Price: $169.00
Position: Short
Type: Options (Buy Put)
Play: Swing
Risk: Very-High
Date: 11/15
Strike: $160
Limit: $17.20
Contracts: 1
Equity: $1,720
*Note: This short is expensive and will open up negative if you have to get filled higher than the market.
This is a 1 of 2 short position open.
This stock recently beat a Phase II study. Causing it to gap up AH. Currently up 70% in the last 24 hours.
There is a Phase 3 coming up which can cause another 30% to 50%+ run. So, yes this is a high-risk trade.
I expect this company to hit $170 by the end of the day.
From 1000 to 8 in 11 yearsSES Gasification Technology (SGT) produces synthesis gas.
+60% Synthesis Energy Systems, Inc. - after growing 193% on Friday. That all after announcing the purchase of Austalian Future Energy for $36 million.
SES also has offered to acquire Batchfire Resources, owner of the Callide Mine in Queensland, Australia, for ~US$80M.
11.10.2019 - Altcoin CapitalizationHi Traders!
Today we will look a bit unconventionally on the capitalization of altcoins. We know that many beginners also read these articles, so let's first say what capitalization of altcoins is? Altcoins are all coins except Bitcoin. Altcoin capitalization means how much money is allocated in all coins except Bitcoin. The difference between total capitalization and capitalization of altcoins is therefore only Bitcoin itself.
What does the graph look like?
A lot of people these days say that the altcoin season could come. What does it mean? This means that altcoins would grow faster than Bitcoin. The graph looks like this. We are currently in a channel with a target we have already achieved. However, this target is conservative. Whenever we reach the target, it is important to wait for the reaction.
Bullish scenario
The reaction came, but down. At the moment, it is absolutely essential that we do not break the channel downwards and keep the decline in the channel. If we can do that, further growth is possible.
Bearish scenario
This scenario is such that growth has indeed been completed and we will continue down. The previous forecast came out perfectly and there is nothing else left to do but wait for the market to offer.
From the point of view of altcoin trading, this is an absolutely crucial situation and a key graph to follow. We are more in favor of the bearish scenario, and we are also a little worried that a number of altcoins will still go to their new low. To confirm growth, we need to cross the channel upwards. Until we break it, we are more bearish.
May the crypto be with you!
BREAKOUT OF DESCENDING CHANNEL ????NEXT WEEK ???Price shot back into my descending channel , do you think it will break to the upside , i have been avoiding trading any pound pairs lately, however is this recovery long term or short term ?
i stick to what i see on the chart , maybe some fundamental analysis would say otherwise, it would be interesting to get a different perspective.
DOUBLE BOTTOM STILL ??earlier on during the day analysing this chart had pointed out that double bottom , few hours later that red candle followed , im curious as to that makes the DB invalid , considering its Thursday , pretty much the end of a trading week, could it be foreshadowing what we will see next week or expect , i personally do expect price to continue upwards eventually.
TRIPLE BOTTOM ???
INVERSE HEAD AND SHOULDERS??(IF YOU SEE WHAT I MIGHT MEAN)






















