mariobenitez1618

mariobenitez1618

Bullish Gartley Pattern finishing formation Entry price around $8,944 Stop just below X at around 7,429 Targets at Fib retracement levels of AD leg First target at 0.382 fib level. Next target at 0.618 fib level Good luck!

mariobenitez1618 Updated 

Hi there. Current state: Entering trade a $33.94. Good luck! Indicators/Charts analysis: RSI: is neither overbought or oversold. It is currently trending up. I think this is a bullish indication Stoch RSI: is on its way down. K at 39. It may come down a little bit more further pushing the price down (hopefully enabling our entry point). Bollinger...

mariobenitez1618 Updated 

Hi there. Current state: Got in at $34.10. Managing risk by only trading 50% of our account size. Indicators/Charts analysis: RSI: reaching overbought, but not there yet. I think there is room to go given that we have been on a down trend for quite some time. Stoch RSI: oversold, starting to move downwards. However price spikes usually happen when...

mariobenitez1618 Updated 

Hi there. Current state: We are currently out. Have USD in hand. We were stopped out of our previous trade. Indicators/Charts analysis: RSI: Neither overbought or oversold. However it is trending up. Indication of buying action. Stoch RSI: Went into oversold territory and started to drop, however it is looking like it will be reversing possibly. ...

mariobenitez1618

Hi there. Current state: Still out. That means we have USD on hand. Indicators/Charts analysis: RSI: not longer in oversold conditions. Stoch RSI: in oversold conditions running back up. In cases like this I go with the RSI, since the stoch is an indicator of an indicator. Bollinger Bands: Price seems to be trending towards the middle of the band,...

mariobenitez1618 Updated 

Hi there. Current state: Still out. That means we have USD on hand. I have been waiting for a buy opportunity but nothing so far. In the meanwhile LTC keeps going down... Again, I don't care about the price . I just care for it to provide trade opportunities. Indicators/Charts analysis: RSI: Heading to oversold territory but not there yet. This...

mariobenitez1618

Hi there. Current state: Still out. That means we have USD on hand. XRP dropping like the rest of the alt coins. No clear indication to buy yet. Indicators/Charts analysis: RSI: Going into oversold territory, but I don't think it is done yet. It seems that it lends itself to further price drops. Stoch RSI: This one is already in oversold territory,...

mariobenitez1618

Hi there. Current state: Still out. That means we have USD on hand. Still waiting to see how ripple responds. Indicators/Charts analysis: RSI: heading into oversold territory, but not completely yet. Mostly moving horizontally, although price is moving down. Stoch RSI: is oversold. This may help boost xrp up a little At least in the short term. ...

mariobenitez1618

Hi there. Current state: Still out. That means we have USD on hand. I would get out now while there is time. There was a slim glimpse of hope today when price rebounded from $30.25 to $35.44 but that just attracted more sellers. We have to be careful not to enter a trade on these swings. Indicators/Charts analysis: RSI: leaving the oversold area....

mariobenitez1618

Hi there. Current state: Still out. That means we have USD on hand. Indicators/Charts analysis: RSI: Neither overbought or oversold. Indicates indecision in the market. You can see this since ripple manage to survive massive price drops across the crypto market. Stoch RSI: Approaching oversold. This indicates that we could have a reversal in the up...

mariobenitez1618

Hi there. Current state: Still out. That means we have USD on hand. Aren't you happy you waited? Take a look at my previous analysis. I keep saying to have patience until we have a clear buy setup. I am certainly glad I have waited this long. Indicators/Charts analysis: RSI: is definitely oversold. It has reached the oversold condition a couple of...

mariobenitez1618 Updated 

Hi there. Current state: Out - We have USD in hand. Movement has been mostly lateral. You can see this in the yellow highlighted area. Patience . A good trader is a patient trader . If there is no clear buy opportunity then we are not trading we are gambling our money. Indicators/Charts analysis: Price went above our early alarm warning ($42.87)...

mariobenitez1618

Hi there. Current state: Out. That means we have USD on hand. Looking to enter a trade. Last trade was successful, hopefully we will identify another good trade. See related idea for details on our previous trade. Indicators/Charts analysis: RSI is half way there. Neither overbought or oversold. This provides room for the price to rise. Stop loss is...

mariobenitez1618 Updated 

Hi there. Current state: Got in earlier today at $0.48271 - However it is not too late to still get in. Indicators/Charts analysis: RSI is in the oversold boo. Renko (ATR -14) shows uptrend EMA 12 about to cross EMA 26 Candle sticks show an up trend. Stoch RSI in overbought RSI shows an up trend, confirming renko Awesome indicator about to...

mariobenitez1618

Hi there. Current state: Out. Waiting to get in. Price action has been mostly lateral, although there are some signs the price may be moving up. Indicators/Charts analysis: RSI is in the oversold area still. This means there is room to go up. Stock RSI approaching overbought area. Watch out for this one since it is not confirming what the RSI is...

mariobenitez1618 Updated 

Hi there. Current state: Out - This means we have USD in hand, waiting to enter trade. Waiting for a trend change confirmation. Nothing so far. Indicators/Charts analysis: RSI is in the oversold area. Renko (size 0.74) shows down trend still continues. A new brick is currently forming (light red brick) Price is still moving below EMAs (12, 26 and...

mariobenitez1618

Hello there! Still waiting for confirmation to buy. It appears that the massive selling slowed down. However we did hit a pretty low price ($39.41) earlier today, but rebounded from that. However you might as well consider this as lateral price action since the low prices and rebounds are a consequence of momentum. We could see a period of slow movement. That is...

mariobenitez1618

What a ride! Trend is definitely down if you have not noticed ha! No confirmation on trend change yet. RSI and Stoch RSI both in oversold conditions. This does not mean that the down trend is done though. Keep this in mind. AO indicates bears are in control. Renko trend clearly down. Brick size 0.74. Need confirmation to enter. As I said before, need a couple...