protradingmentors

protradingmentors

Overall Wave Trend is Negative for BTC. Short Term Wave Trend is Negative as well, bouncing down off of resistance at 9400. Almost 5:1 money ratio from Stop Loss to First Target.

protradingmentors Updated 

BTC is still POSITVE LT and MT. BTC entered our "TPR" Buy Zone. Our version of BTC "VIX" is still low. If it gets near 11,000 I will keep my Trailing Stop tight, IF it breaks I am looking for it to go back to 11,700.

protradingmentors

The reason why I call this the "profit opportunity" is that until it breaks 11,700 we are cautiously optimistic BUT not adding size on BTC. We are taking profits on swings and short term trades but we are not shorting only going LONG. This area we are going down towards creates a "profit opportunity". Buying in the TPR Zone, creates a nice ROI on its way back up...

protradingmentors

All of our AM Trend Wave Indicators are BUY/LONG. Bounce off of 200 EMA. Targets at 375, 385. Only one of two altcoins (that we follow) with decent ATR.

protradingmentors

Our AM Trend Wave Indicator changed from NEUTRAL to LONG this morning. Except for the Intraday Wave (NEUTRAL) Med Term and Short Term are all LONG as well.

protradingmentors Updated 

The AM Wave Trend Indicator is Positive for all time frames. Bounce off of short term support. Entry at 349. Stop loss 344. Targets of 360, 375, 385.

protradingmentors

Med Term Wave Indicator is BULLISH. Bounced off of support at 200. Confirmation at 210. Target 240-260

protradingmentors

AM Wave Indicator Med Term changed from NEUTRAL to SELL/SHORT overnight so we are getting closer to time frame alignment..Long Term AM Wave Indicator is NEUTRAL. There was a short signal and confirmation earlier this morning but I was sleeping ;) Now comes another signal and confirmation BUT even better a more natural technical strategic stop above the failed...

protradingmentors

If it confirms at the top of the hour upon Candle close below 10,400 a Sell Signal would occur. The AM Short Term Wave Indicator is NEGATIVE. Med Term is NEUTRAL.

protradingmentors Updated 

Overnight our AM Wave Indicator turned NEGATIVE on ETH. Waited for confirmation and entered short at 857. Our target is 785 and our current stop loss is at 875. When the current bar closes we will trail our stop by the 4hr ATR of 25 which should put us slightly positive.

protradingmentors Updated 

Since our AM Wave Indicator turned positive we have been 2/2 on our swings taking some decent profits. Now there might be a third signal soon but as always you have to wait for confirmation at 10,750 where our Buy Stop Limit has been placed . Our first target of 11,020 was met in our last trade. Our next target is 11,800. The Long Term Wave Indicator is still...

protradingmentors

When BTC went from 6000 to its recent highs our Long Term Wave Indicator switched from Sell/Short to NEUTRAL. As it was going up by 1000 every day we said it was just daily ATR and nothing to get excited about. We still hold that position as BTC has lost some ground day. A 1000 drop seems large just as a 1000 increase seems large BUT that is BTC's daily ATR:...

protradingmentors

Most of the time we don't like to take intraday trades, BUT in sideways action that might be the only way to make money. OUr signal came in at 8300, we entered at 8301. Our stop loss is at 8200 and our target is at 8500-8700. At a 2:1 reward ratio this is the type of setup we are looking for. If BTC closes above 8500, we will immediately put our stop at 8500...

protradingmentors Updated 

The Short Term Trend on LTC is Neutral and after failing to continue higher passing 155 it has closed below 155 and the 50 EMA. We waited for a slight uptick, then with a failed color change took the next confirmation as a short signal at 149.10. Our target is between 135-139. The next level after that is support at 123. We will monitor this trade closely unless...

protradingmentors Updated 

The AM Wave Indicator has been Neutral on the short term. The Med and Long Term are both negative. After bouncing down off the resistance zone we taking short trades on ETH. Our entry was at 819, however we are very close to support so we will monitor this trade carefully.

protradingmentors Updated 

The AM Wave Indicator turned Neutral for the Short Term joining the Med Term and Long Term. We just entered a short trade at 8300. Our target is 7600-7800. Since we are entering a sideways zone, we will monitor this trade closely.

protradingmentors

BTC failed to go through a resistance zone and is once again going through its hourly 50 EMA. BTC has been hovering in zones and if it closes and confirms below it will test the 7600 Support zone. AND If it breaks it could test 5900 again.

protradingmentors

The Short Term Trend for LTCUSD is Neutral but if it breaks out of the box area we could see a big move to the upside. The 50 EMA is holding and if it keeps channeling eventually the 50 will cross the 200 to the upside confirming a Short Trend Change to Positive once again. Fair warning though, both the Med Term and Long Term Trends are Negative according to the...