Substratum is trading super technical. Could not pass this trade. Could take some time, oscillators are no help. Chart is self-explanatory. Education advice people ;-)
Since this correction, my POWR portfolio has taken a punch. They say don't trade corrections, but if you're in you're in. Out the market or in the market. With that said, my POWR position has been slightly more aggressive due to the riskiness I see in its chart. Initially I had a leading diagonal, followed by an ending diagonal (indecision, very wavy). You can...
Trying to find a way into the third. We had great subdivision in our corrective wave a, as well as our wave b. However, looking to take a Long position I would like to see our wave c show some more impulse. We could have an ending diagonal,in which case our entry will be on confirmation of our wave 1. Profit taking along the way, but target is our algo fib target...
Please disregard the red target box--it is from a previous analysis. But that's not to say it won't come inplay later ;-). Primary focus will be on the green box --It's just a standard 50 retrace from that impulsive 1 wave which we just witnessed. Bitcoin needs a few days to decide after that good swing. I will be adding a modified schiff next and looking at...
As I stand with ADA, looking at the buying pressure at 3300. After that, the area of entire retrace comes in play. 786 Will post more updates. But we are at a turtle pace (which is good ;-)
I will post a quick idea so as to add another position to my portfolio. The market has been quiet;thus, I can setup some trades. ICON is not ready but keep on radar. Trading technically andwill need to be referernced semi-regularly. Good upside potential 2018. Watchlist --longmoney
We tend to dislike the things which are good for us--hard labor, bland vegetables, natural clean water with slight odors and tastes. And most importantly--corrections. With that said, this correction has given many day and swing traders opportunities with double digit percentage gains, both Long and Short. And as drastic of a sell-off as we saw in the previous...
Good coin for the banks and instiutions; good coins for traders like you and me. However, now is not the time. Trading is about ideal entries with the lowest probable risk. Jump the gun and lose, or lets watch the market decide. I will be swing trading and posting more in-depth updates. --longmoney
A quick update on The Great One--bitcoin. The bitcoin long posts are coming: the signs, the calls, the 100% returns. The math skills needed to trade markets is quickly acquired at a very young age a child can do it. But this is a market of strategy--strategic planning. Regardless of school of thought (methods used in technical trading) this is a game of buying...
It was PM'd that I should explain my position regarding the current state of the all-mighty Bitcoin. So, I've decided to open a slight position and trade BTC in order to analyze it's movement technically. Typically, BTC is my purchase for other Alts. And although other Altcoins have stepped up to facilitate this, BTC still has the main adoption. Per my analysis,...
Longmoney is back. I hope you’ve been laddering in. Had to take some time off but am back. Stellar Lumens has been very resilient in this correction, maintaining steady volume and a nice range. Not much TA to do here. Instead I'll refer to indicators. Notice the volume had been steady throughout this very extreme correction. Lumens hit some low numbers but the...
Wanted to post a quick update on ADA. Stops were hit; The correction has been rough. I am seeing a similar patter with XLM this year, and it's giving me more reason to expect good upside potential out of both coins. How long does this correction last? Anyone's guess. I typically do not buy the wave 1 but instead look for positions to ladder in some buys. I...
Possible ETH Long preparing. I also have a Short position which may fail. Checked down to the 15 minute and see clear Elliot structure--although we do have a leading diagonal. So technically we are still putting in the 1st wave if bullish count holds. Waiting for technical confluence on pullback before position and updates.
Lumens Long is activated... Wanted to wait for a cleaner ABC but hourly and 15 leading me to favor my primary count. One more push up towards congestion zone. ATH area Whether we have one more wave up to complete the five, or are correcting the 5 now. Like my risk to reward and where we stand in the market cycle. Trade Wisely... Not investment advice
Lumens had a great run up this month. For approximately six days we went from 3900ish to 5800 satoshis and some change. Not bad at all. I have a slightly different count than other analysts regarding where we stand with Stellar Lumens--but our destination is the same. Up... I am eyeing an area around 1618/175 projection for the highest probability zone for...
Alarm Hit. Will update. Need to post now.
We reached the expected targets for Lumens in our previous trade--after a difficult correction. But even so, a very technical trade. I was less greedy with my targets;rather than targeting the highest probability zones. Take profits people. We don't know the top. As I am not liking the subdivision of our fourth wave, I think we may have one more push up to...
Just prepping for an Ethereum entry so not much to say here. Believe are completed 5 wave structure of the largest degree is complete. Now watching its retracement. Will change investment strategy and post new chart when I see the indicator confluence which I look for. This is my my personal technical analysis and not investment advice. Trade Wisely!!