Trade_Masters

Trade_Masters Updated 

If you haven't noticed it already but DigixDAO, DGD/BTC is back! As I have discussed in my previous posts about the "imperfect" inverse relationship of DGD/BTC vs BTC/USD and the trading opportunity that goes with it. To a certain extent, it has shown to move rather inversely compare to Bitcoin prices but it has shown that it's definitely not a perfect hedge...

Trade_Masters Updated 

After a nice spike and some consolidation, NCASH/BTC (on Binance) found support around 0.00000425 and is forming a Flag/Triangle pattern at the moment. Heading to its Apex now so look for a break of the flag on the upside, with increasing volume for another leg up. If you want to day trade NCASH/BTC take into consideration that it had spiked for quite some...

Trade_Masters

There are many ways to trade a breakout and a good one to trade during a bull market is the Flat Top Breakout. What is a Flat Top? A Flat Top occurs when there is a clear resistance level (flat top) and a slope of higher lows, indicating the upward trend: As you can see in the chart above, the pattern looks like a triangle with the top of the triangle being...

Trade_Masters

In life but as much so as with trading, we tend to make things more difficult than necessary. That's why with trading it's best to keep things simple and focus on effective strategies that have a high probability of success. In this regard, a rather unknown but simple and effective trading strategy with a high probability of success is the Box Breakout. What...

Trade_Masters

Bitcoin is having a bit of a down day today. If you want to hedge/protect against or even profit from a drop in BTC, especially if you pair trade with BTC pair trading, then one of the best ways to do that without having to go short or margin trade BTC is by trading DGD/BTC. As I've stated previously in my previous post about the inverse relationship of BTC/USD...

Trade_Masters Updated 

As you can see Ripple, XRP/BTC has been consolidating after a nice runup since yesterday and is now forming a (bull) flag pattern. Is XRP/BTC setting itself up for another move up? Well, we have to see about that but with all the rumors and hype around Ripple possibly being the next coin to be added to Coinbase, it could certainly make another move again soon....

Trade_Masters

We love it when prices are going up but what if when prices are trending lower. Can you profit from that too? Well, let's take a look. When prices move lower rapidly and the indicator(s) gets oversold, some of the best rallies occur when they bounce back. These trade opportunities are the so-called "oversold bounces". Usually, these oversold bounces can be...

Trade_Masters

Have you ever been in the situation that you've missed a huge move on a coin but you didn't want to chase cause you were afraid that it would tank or dump on you? Well, my friend then you're not alone! Of course, depending on the situation or pattern formed, it's best to not chase a coin that's up a lot already. Usually, you're (too) late and there's a good...

Trade_Masters

One of the best and one of my favorite (day) trading patterns and strategies is the flag or triangle break, especially in a bull market or after a huge run or in a clear uptrend. In this post, I want to briefly cover what a flag or triangle break pattern is and how you can trade this pattern with an example on NANOBTC. What is the flag break pattern? A flag...

Trade_Masters

TRON, TRX/BTC has been consolidating for a long time now. There are a lot of HODL'ers who believe in TRON and the project so they are (desperately) waiting for TRON to make another big move. That's why you see good support at the 400 Satoshi level. After some time, TRX/BTC have reached almost at the endpoint of its Apex so this could be the first Sign that a...

Trade_Masters

The graph above shows a comparison line chart between DGD (DigixDAO) vs BTC over the last 30 days. As you can see the correlation between the two is quite significant. It's not a -1 inverse correlation against Bitcoin so it's by no means a perfect hedge against a drop of BTC but good enough to trade on we think. To test this "theory", we thought lets put on...

Trade_Masters

Cardano has been in a downtrend since the beginning of January. It has retraced more than 60% compared to BTC. Daily RSI is oversold (25) with MACD in the lowest territory since. The trend is clearly downward for ADA/BTC, but are there any signs of a reversal to be found? Well, let's see... Currently, Cardano has reached the daily support level at around...

Trade_Masters

After its initial run, Genesis Vision GVT/BTC with a peak at 0.0032333, has now formed a flag. As you can see it has found very nice support at the lower trendline, touched three times and still above the 50 ema so still in an uptrend. If this support holds then a touch of the upper trendline is to be expected, which will be the first target to reach. The last...

Trade_Masters

ICON, ICXBTC on Binance is both in the 15 min. as the hourly timeframe oversold. The RSI on the 15 min. is going up already and has a little divergence to it. The last time the hourly RSI was this oversold (around 20) on February 11, ICXBTC bounced very nicely. Will it do it again this time? Trade Instructions: Buy Area: 0.0004150 - 4250 Profit: 1....

Trade_Masters

After a nice run up since yesterday and breaking out of a cup & handle pattern, BCPT/BTC retraced back and found support near 0.00008725 forming a triangle. 15 min. RSI has fallen below 50 so there's room again for further growth. If BCPT/BTC manage to break out of the triangle and preferably with increasing volume, then we could see it making another run again....

Trade_Masters

EOS/BTC on Binance has been in a downtrend for some time now. On the 4 hour chart, the RSI is very oversold with a reading around 20 and since January it has retraced back to the 0.50 - 0618 fib levels. Good and key support level should be around 0.00082000 for the near term. But for the short-term, is EOS/BTC ready for a bounce? If you take a look at the...

Trade_Masters Updated 

Currently in Gifto, GTO/ETH at Binance on Palm Beach Confidential (PBC) Report. Was in at 60.090 and took 1/2 off at 62.989 for a quick 4.8%. Now waiting for the next run. Now consolidating a bit and forming a (bull) flag. If it can break out of this flag, another leg up is in the making. 15 min. RSI fell under 60 and MACD is curling up so enough room for...

Trade_Masters

Ethereum Classic, ETC/ETH on Binance just broke out of its (long) Triangle. Consolidated a while and found good support at 35.000, which was previous resistance as well. On the hourly chart, you can see that the indicators are from its lows and curling up now. Volume is picking up and ETC/ETH is also above the 12 and 50 emas. With the coming fork and airdrop,...