jzulueta19

jzulueta19

Breakout imminent?

jzulueta19

Risk Management (RM) is a heavy part of trading any asset class. What amount of risk or loss are you willing to take? And how do you limit your losses? In my years of technical trading, risk can be limited by the entry point, buying close to support and selling upon the break of said support. This works both ways, up and down. Up and down you say? What does that...

jzulueta19

For those of us still looking to get in on reversal rallies, Golem coin is a good candidate for the following reasons: 1) There is major support at 0.00009 GNT/BTC - This price level was a major area of accumulation from April to May 2017 (see brown circle) - Since the downturn, price has tested and bounced back from this level 2x on July 11 and July 16...

jzulueta19

ETHUSDT should be topping out around 320. ETH bottomed out at 200 two nights ago, touching this area twice. The bottoming pattern was a classic double bottom with price touching the same area while MACD and RSI forming higher lows. Given this bottom, the bigger picture of ETHUSDT is now a downward trading channel as price is locked between an upper resistance...

jzulueta19 Updated 

Burstcoin is a cryptocoin that uses a Proof of Capacity concept versus Proof of Work (Hard Drive mining versus GPU mining). According to some sites, it was the first coin to do a smart contract as well. Barring any fundamental news on the coin, BURST has been trading in a month long pattern. In crypto terms, a month is a VERY long time. A day ago, burst tried to...

jzulueta19

I recently sold our LTCUSDT trading position (bought at 43, sold at 47). The cryptocoin is showing weakness with MACD and RSI exhibiting stark divergences from price. MACD and RSI are forming much lower highs compared to the same/slightly higher highs of price. Re-entry point (in case you want to trade again) will be 41 and below.

jzulueta19

LTC now looks to fly after breaking out of a downward resistance. Stop at 28

jzulueta19

Trading altcoins is tricky. It's the most volatile thing ever! I first tried to buy into XRP at the circular region and immediately saw 20% paper gains. Then we all know what happened next. While I slept, altcoins dropped like flies. Good thing Poloniex has a stop loss feature. Bad thing, I couldn't make buy order while sleeping. Altcoins have since recovered with...

jzulueta19

When bitcoin violently fell from its high a few days ago, it got me questioning whether this was "it," the end of the mighty crypto bull run. With more data on hand and with a cooler head, this does not seem like IT. Altcoins for the first time traded as a whole market, coins took their queue from bitcoin with major crpytos following the same downward trading...

jzulueta19

Last May 17 we initiated a bearish call on ripple following its "double top" formation in line with the gap in the charts. We expected a fill the gap movement that has been completed. At the same time, MACD is now forming bullish divergence: when MACD forms higher lows while price forms lower lows. Ripple has been trading in a downward trading range and this...

jzulueta19

Stellar which has lagged behind its bigger competitor XRP, looks like its gearing to fly. Look at that horizontal resistance and how close we are to breaking it.

jzulueta19

Could it be that Dash, the once superstar (in March) which everyone has forgotten, is now setting itself up for a gigantic push?

jzulueta19

Chris, Note how price reached the same point but MACD and RSI formed a significantly lower high. This is called a bearish divergence. The chart actually looks like a Double Top - a bearish topping pattern. We could see this "fill the gap" at that arrow.

jzulueta19

Chris, It looks similar to BTC's chart. Anyway, resistance is at 100.

jzulueta19

Chris, Everything below the price now is support. Everything above is resistance. The chart looks a bit challenged to make new highs.

jzulueta19

Chris, BTC brokeout from that circular area yesterday. The next resistance is the arrow at 1,900. Once it breaks that level, 1,900 will turn into support (the stop placement is probably a few percentage points below 1,900 due to the volatile nature).

jzulueta19

Dash is now testing its major support at 0.047. This was the breakout point from March.

jzulueta19

Will Stellar follow XRP's rise?