spectertrading

spectertrading Updated 

Bullish pennant pattern just formed, buy trigger set using Guppy Count Back Lines method, if it reaches the prices of 6114 sats I will buy in at 6115, sell targets are 7000(+15%) and 7950(+30%), I will sell half on the first target. Do not jump in before a clear breakout.

spectertrading

We have more indicators of a rise than a fall, the fib level makes a good support, the GMMA shows the investors backing the up movement - yet a compression is observed which means a stronger price movement coming. The DMI shows that the -DMI failed to cross the +DMI and the ADX grows slowly. The market depth shows a lot of buy volume coming in. Yet the downtrend...

spectertrading

This is no NORMAL ICO - I like to call it ADD-ICO ICO's are Initial coin offerings, which is the moment that the coin is first offered for the market. ADD-ICO's on the other hand, consist in when the market already has some of the coins but yet it is going to reach new markets for the first time, for instance when a new exchange is added. Since it's all new,...

spectertrading

CVC was just added to poloniex, after the usual first gap it bounced and it is starting an uptrend, a fundamental indicator that it might be a long solid uptrend coming. Besides that, we have a clear ascending triangle supported by a Fibonacci retracement level and the uptrend MA. The STOCH and RSI show a healthy movement to the positive area which indicates a...

spectertrading

After a big market gap a shy up trend has been forming in all markets including Etherium, Stoch says that people are buying more, so we can see a possible up movement all the way to the 271 levels, the 265 and 253 resistance levels should be watched closely when tested, if failed you should place a stop-loss using the resistance as reference - 1 ATR + 10% works fine.

spectertrading

As we can see we have a very long trend crossing perfectly the shorter and faster up trend. considering that the RSI is moving up and the MACD shows a cross and a movement up can be seen forming. This is also a good trade for a mid/long term position. Watch zones and sell targets are every Fibonacci level, but my guess is that it's going all the way up. Observe...

spectertrading

Sorry I didn't have enough time today to keep with my daily analysis and I have to keep this short, so this was my trade today - it broke resistance and I'm preparing to sell it at first fib level and see how it will behave, if and when it breaks the first fib resistance we can expect a solid up trend being formed and a mid/long-term position can be made.

spectertrading Updated 

We have several factors pointing up, 1-month-old support, Fibonacci's retracement, uptrend, but on the other hand, we have the 50 EMA working as a resistance and the stochastics show that we are far from oversold. I will definitely observe how it will behave from here, if it crosses the EMA it's a very good sign and also if the stochastics go down holding the...

spectertrading Updated 

Another pattern to be watched in its early formation, recent strong down trend just got breached with strength. We're in an oversold position, if the MACD line stays above zero and we watch a crossing also on the positive y-axis we might see a good and strong up movement. Buying on a little over the high of the first candle body completely closed out of the...

spectertrading

Yet early to know but a good set-up is forming. Right now the MACD and the Stochastics and RSI show that we're overstaying in the over sold condition if the price holds it might be a good indicator of a price variation going towards the 8300 satoshis levels, 8600 tops for an unique movement. This is a good graph to observe because it's early and it has good...

spectertrading

The graph starts early this year, so here we observe a very long sampling described by the EMA(50). Judging the high ATR and the staying of the RSI in the oversold position forms a very good recipe for an interesting week. Observe the pennant in the next week, if price crosses up that's the buy signal, place a stop order above the highest of the previous...

spectertrading Updated 

First thing to consider is the volume of this coin, therefore the size of the position - it's a smaller coin so you should watch for 5 figures orders, you might get stuck. A week old up trend has just formed and the Stochastics show it's extremely oversold and also it approaches a very solid resistance drew by fibonnaci's retracement. Wait for first candle to...

spectertrading

The pattern is formed backed by a strong up trend(short, middle and long term), plus the rumors about china ban are being "cleansed" and the whole market is stabilizing and ready to go back to it's strong up trend. Also the ATR shows a good chance of a sudden and strong movement - so a good risk:reward can be achieved in a rather safe trade judging on how loose...