Trader6127

Trader6127 Updated 

Let's look for another impulse wave up, as we are still in a good uptrend according to the 200EMA on the 4HR. If we break the uptrend line, abandon this idea. Remember the 1-2-3 strategy we use, and keep your stops below the impulse waves on the 1HR or larger TFs. Cheers and GLWT! -Erik

Trader6127 Updated 

Let's watch for a breakout at $11,761.70 and short the market. We should wait for a close below the BO level, as the trend is unclear in the 4HR (judging by the EMA200) and the daily is bullish so we would be trading against the bigger trend (above the EMA200). Remember the 1-2-3 strategy we use, and keep your stops below the impulse waves on the 1HR or larger...

Trader6127 Updated 

Let's look for a flag breakout here. Alternatively, we could breakdown and consolidate. Remember the 1-2-3 strategy we use, and keep your stops below the impulse waves on the 1HR or larger TFs. Here's a link if you'd like to familiarize yourself with my trading approach: forextradingstrategies4u.com

Trader6127 Updated 

ETP looks to be starting a new market cycle. Let's look for another test of the max consolidation line (orange) where we will also find the uptrend line, and get involved from the bottom. We are looking for the market to swing back around to the 0.618 (MFR). Cheers and GLWT! -Erik

Trader6127 Updated 

Looks like a flag breakout! Remember the 1-2-3 strategy we use, and keep your stops below the impulse waves on the 1HR or larger TFs. Here's a link if you'd like to familiarize yourself with my trading approach: forextradingstrategies4u.com

Trader6127 Updated 

GLWT! -Erik

Trader6127 Updated 

GLWT! -Erik

Trader6127 Updated 

Here's the game plan for another long trade. We've got fibo support at $13973 and the classical support at $12,000 in case we break down. Our breakout level on Bitfinex is $17160.50, with four profit taking levels that remain valid so long as we trade above the recent low. Remember the 1-2-3 strategy we use, and keep your stops below the impulse waves on the 1HR...

Trader6127 Updated 

RSI is still bullish! I'm thinking it will consolidate for a little bit, and visit a few support levels first, then breakout. If it breaks down expect the trend line. Here's what it looks like against BTC: Cheers and GLWT! -Erik

Trader6127 Updated 

PreviousLy I posted a BTG consolidation thread, that idea is still relevant but is very short term. Overall, here is my master thread where we are looking for a huge impulse wave to the upside. There are two approaches here. Either look for a bottom buy at $276.47 or fetch the breakout at $477.59. Take some time to familiarize with my trading approach:...

Trader6127 Updated 

The end of the year always seems to be a turbulent time for the crypto market. I am paying close attention to BTC as we currently rock and roll through parabolic movement. Here are some of the key fibo levels I am looking at closely. Price will manifest itself as we cross these lines, so what I have on the chart should be approached with caution. Bitcoin is...

Trader6127

Here's another outlook for 2018. I use a simple trend strategy composed of fibo channels, multi-time period charts, and an RSI/MFL combo. I use this kind of comparative analysis on the weekly to gauge entry and exit levels, and to anticipate market performance over longer periods. In the right chart we can see a megaphone pattern developing (very common pattern...

Trader6127

Well, here we are... another new year is almost near! I wanted to share my outlook for Ethereum for 2018. I use a simple trend strategy, composed of fibo channels, multi-time period charts, and an RSI/MFL combo. I'm anticipating lots of volatility closing out 2017 and at the beginning of the year for the start of a new market cycle. We may even see prices trade...

Trader6127 Updated 

Dash has finished performing a very bullish move against the USD and its likely time for consolidation. Against BTC you can see dash performed a bullish rebound after exiting the megaphone pattern and returned to the weekly resistance level. If we breakdown I'm expecting price to consolidate around $465.27, with strong support at $384.10 should we visit that...

Trader6127 Updated 

Let's look for another sharp pullback to the classical fibo support zone ($9986.80 - $9557.10) and then a breakout to the upside. We can try to catch the bottom (if you're a risk lover) or fetch the BO at $11900.60. Targets to the upside are noted on the chart. Cheers and GLWT! -Erik

Trader6127 Updated 

IOTA is very bullish and is forming a continuation pattern against BTC. Watch for a dip down from the MAX TP to the classical fibo support (I think it won't get that far, maybe the 0.5 fibo) and then look for further upside to MAX TP2 at $4.86. This is the opposite pattern we are seeing with Dash and Monero. Take some time to familiarize with my trading...

Trader6127 Updated 

RSI is bullish and we have a consolidating range which could give us a long opportunity. Be advised, this market is currently very speculative as it has limited trading data for pattern identification.

Trader6127 Updated 

NEO has been consolidating since the formation of its $ATH at $58 in August 2017. I am anticipating the following scenario to unfold over the next 3 to 6 months if we break the former ATH, although the pattern may catch on and we could breakout earlier. This will be my master NEO thread. There are two approaches here. You can either try to catch the bottom on the...