Daily divergence on 2/3 indicators. Potential bullish candle structure. 5% low risk stop placement.
Position size = 20% of account. Stop 5% to entry. Total account risk 1.04% + slippage and fees. Acceptable
TP areas are based on Weekly, 3D, and confluence with one of those on a daily time frame.
Price is above the daily EMAs and I anticipate their crossing.
Indicators are supporting the price movement with no bearish divergence present.
Buying volume came in and created a bullishly divergent low on the daily.
Volume gap above price to 570 area and POC around 700.
Entry is marked: 480. Soft Stop 444. Total account Risk is 0.6% currently, with the...
Bitcoin closed the daily below the 13/26 emas after falling below, testing, and falling below again. They have a bearish cross so I have closed out about 40% of my Bitcoin position and will reenter in the weekly value zone. Ideal entry is 7900-7500, but will reenter if price can get back above the ema's. I use the ema's for long term trend signals and I would be...
ETH will Pop soon.
Fell to range midpoint and has wicked below several times filling buy orders. Trend looks like it is starting to turn bullish after price fell back to value.
Avg Entry currently 0.0313 (continuing to buy)
Stop loss. I am using a Soft Stop on this one, so I do not get wicked out, but it means I am carrying higher risk on this trade. A smart...
This is a journal of thoughts and analysis on Bitcoin following the weekly close on May 19th
I have positions in Bitcoin, Ethereum Classic (posted), XLM, CND, and DGB
Margin positions currently open TRX (posted), XRP, and BTC Sept futures Long from 6810 (posted as part of BTC short trade thread).
Weekly: Main Chart
The weekly closed at exactly the same level...
Leveraged Short avg entry 7955 currently. Against weekly and 3D trend/signals so protective only, preserving profits. Retrace expected but not trend change.
Additional entries 7900-8100
Stop at highs. Will monitor on low TF and take hedge longs as necessary in order to build a larger short and reduce risk.
Target 7100 or...
Divergences on daily should be good for a nice dead cat. Higher time frames do not suggest this is the bottom yet. Divergences on multiple indicators including the OBV, which is a leading indicator. If divergence fails exit quickly.
Bearish trend exhausted for now, with the potential to resume after a return to the mean.
Previously failed divergence on the OBV...
Weekly Looks extremely bullish:
Daily, looks bullish:
Below 4880, then we will likely see 4500.
Consolidation between 4500 and the highs for a few weeks creates a very tradable range and builds pressure for a test of 6100-6200 area. Will be...
This trade really should stop out, but in case the market is irrational I will collect some profit.
Have an open long on BTC, but am hedged for the value of my account above 5145. Stop will just lead to slightly smaller profits on my BTC long.
Want to buy back a large position in LTC below 70 if possible
Original post on Twitter & Discord. Fast entry on rejection of new highs. This is a journal for my own records.
Divergences on 1 & 3hr + false breakout with rejection. Fast market entry. 3rd attempt at trade. Current profit is 8x loss from stops on previous attempts.
First attempt was on RSI&MACD div on 1hr + exhaustion, but was opened after signals had begun...
Bought @ 5.39
SL (soft) 5.06
Long term Target 11.2. Possible lower target 10. Will be watching volume and for bearish signals there.
Weekly and Daily look primed for a bottom/bounce. Keep an eye on bearish divergences after bounce because monthly still looks bearish and a high value buying area exists below 3.5
Higher risk trade. So lower position size for...
Been studying XRP BTC and XRP USD since attempting a small low time frame position the other day.
XRP looks Bearish. Heavily so. A dead cat large sharp bounce is likely soon (it does that), but I see no bottom signals at the moment and am prepared to short a bounce between 8200-8500 Sats.
If the current trend continues on XRP and, whether BTC rises or falls, I...
Position Filled. Discretionary trade
A second attempt at this trade will be made based on the weekly chart if Daily Stop triggers.
Risk = $0.24 per share
Full Position TP @5.8 option to switch to a trailing stop at this point if bullish moment remains strong
Reward potential 1.29 per share
R:R = 5.37 at Full TP
Lowest acceptable R:R at 5.23
What is not to love.
Average daily volume under $1M. Likely around 400K at most, but haven't found a good tool that calculates this yet.
Recent daily volume spikes up to $3M
VPVR shows heavy accumulation at current price levels no matter how much one zooms out.
MAs - no bullish cross yet, but bias is weakly bullish because MAs are...