First post to anything really, so bare with me.
If you are someone like me, new to trading and aren't very knowledgeable in TA.
I suggest finding patterns for yourself like I have. Don't need any fancy lines or angles. I actually don't use any, just have them there for the purpose of this tip.
As you can see, every time it breaks the support it just keeps going...
Previously, I advised you I was stalking DASH, as it moved its way into the corner of a triangle and I stated the move could break either way, up or down.
The Support I identified is currently holding and the Market is starting to show more of an upwards bias.
With Dash and many other cryptos working their way into an apex eg Bitcoin, we can expect a breakout...
As we should know by now, in trading we identify a Pattern and Trade the Probabilities whilst protecting ourselves with STOP LOSSES. Well, our good friend Stop Loss kept our capital safe.
With Bitcoin Short stopped out we took a negligible -1R loss.
Bearing we had a Bitcoin Cash WINNER of +3.14R win.
NET PROFIT IS is +2.14R, that's how we trade, our CAPITAL...
Monero support I have previously shown in my public posts, using my TA skills, is holding well and we are seeing signs of some upward movement.
It may prove to be a slow burn trade but I still think it's worth starting to accumulate a position at 5:1+ Risk Reward.
Sean Vengan
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
In trading,...
Following a hard selloff in Ripple following the Swell, Ripple appears to be finding its feet on the support identified in the charts.
So we can begin accumulating a position here R:R 3:1
This may be another slow burn trade as it treads water but the risk is low and measured.
Sean Vengan
10+ Years Professional Trader and Trading Educator
REALITIES IN...
Long Trade on for Litecoin R:R 2.5:1 for a shorter term trade.
Sean Vengan
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of...
Hey Everyone,
For all the ones that care how much their Bitcoin will be worth until the end of the day or for the ones that want to trade on the Cryptos, it's an opportunity for market entry.
Bitcoin may go down for a short term of 1D and will make a recovery afterwards, pay attention in the graph I published, you can see a rule that market analyst with a...
A few of you have requested for an update on MONERO, so the chart shows the Fibonacci support that I have identified in my analysis.
Hope that helps.
Sean Vengan
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop...
Remaining Neutral and Objective has allowed me to gain some clarity now on Bitcoin, so I will share my Time analysis (I rarely share) as well as Price analysis. So you get Time and Price today.
As you will see, from this UNIQUE ANALYSIS (I have noticed a number of authors "copying" parts of my work) that Bitcoin has been working in a series of WINDOWS, helping us...
We are currently in a Long trade on Litecoin, with our stop placed at $47.92 (see related trade).
To share with you more of my specific professional trading view, I am showing you specific Fibonacci Price Support and Resistance Levels.
By revealing to you these, you have the opportunity to either add to your position or create a new position, either as an...
I would imagine the majority of you will be VERY UNCOMFORTABLE taking this Long trade. So I suggest you just see whether it plays out or not.
I don't pick and choose my trades I have a System where if I have a setup I act on it with any pre-conceived notions which one will end up winners and which one's will end up losers.
If the price can fall to my BUY ZONE...
On reflection, I am cancelling any Longs given we are at extended levels. Whilst, there is a possibility we can get to 6k I am conscious of 2 things I see in my TA, which I cannot ignore.
1. According to my Wave Count, we are in Wave 5 on a Daily Chart. Wave 3, is usually the longest but Wave 5 can be equal to Wave 3. There is just not "enough meat on the bone"...
BITFINEX:ETHUSD
After a consistent bear move for the past few days, ETHUSD broke the trendline. Out of the "big 3" cryptocurrencies, it was the most oversold. Possibility for upside given the recent successful Byzantium upgrade
With The Swell coming up tomorrow 18thOct17, in Toronto Ontario, we have the Fundamentals playing in the background:
www.businesswire.com
On my earlier call on 12Oct17, I know some of you PM'd me to say thanks as you cashed in early for a quick profit and were happy bunnies. I'm all for cashing in as cash is KIng but in general, as you know, I'm more a...
A beautiful bearish butterfly is forming on DASHUSDT. If the pattern continues up past the sloping blue trendline, the upside potential is quite significant.
Expect strong resistance around 334, 353, and especially at 370.
After the glorious rally from 8 USD up to 420 USD within less than six months Ethereum has been in a consolidation over the last four months.
It looks as though this consolidation is taking the shape of a bullish ascending triangle meaning a breakout above 400 - 420 USD will likely start the next leg up.
If you take the height of the triangle and add it to the...
