- For educational purposes only -
The latest move imo was to clear the shorts that 'had it right' expecting a move to the Weekly 200 Moving Average, we just missed that.
I believe we are going to do a headfake 'breakout' to trap retail longs and reject off of the 250 Band (Daily).
Short -- 3734 - 3841
Take Profit -- 3101
Stop Loss -- 3955
USDCHF is currently trending. There is no over-expansion yet so I still have 50/200 1.25 stdev. The Daily chart shows a lot of gas in the tank for a possible move upward along with positive weighting.
Entry is simple, I've set an alert for the 14 Period CCI to cross -100. Stop loss will be below the 50 period BB. I will update once entry is approaching with a...
Due to over-expansion and re-entrance into the 50 band, I have buy ins around the 50/100MA's:
Buy In -- 277 - 274
Stop Loss -- 268
Take Profit 1 -- 318
Take Profit 2 -- 367 (Daily 200MA)
I'm following my order with a 2.5% Trailing TP
A test of the newest Wave-PM CCI tool. Pretty darn accurate so far.
This is a bet against the current trend so it should be considered high risk. Price will either go sideways or back up to the 50 mean period once it moves back into the 50 4H band.
Set a CCI crossing up alert using 50 CCI.
Current target: 0.001429
Use a 2-3% SL
NOTE: The longer this takes...
I've also been doing analysis on the COINBASE:LTCBTC however, most of us are trying to grow the amount of $BTC we own. Here is a quick analysis of the COINBASE:LTCBTC pairing:
Lower timeframes up to the 25 period are currently expanding which is resulting in the current movement down. While some are short term bullish on $BTC (myself...
Striving everyday to get more accurate and profitable trades. Here is another idea for COINBASE:LTCUSD :
I'm currently watching for a dead-cat bounce on COINBASE:LTCUSD , a long signal for me would be when price moves back into the 200 containment zone and a CCI crossing up alert on the 20 period. Once that occurs I would expect price to move...
Here is a quick long call on BINANCE:LENDBTC :
Buy-In -- 0.00000189 - 0.00000185
Take Profit -- 0.00000234
Stop Loss -- 0.00000179
We've re-entered the 200cz which implies an eventual mean reversion. Since the 200 period distribution was previously overheated, I see this as higher probability with low risk.
A realistic overview of COINBASE:BTCUSD :
I see this as a major market pivot point for a market bottom on COINBASE:BTCUSD . Some are calling for further decline into the low 2k's and possibly high 1k's, I just don't see that happening. While the trend is your friend, mass over-expansion on some of the highest macro time-frames (Weekly)...