I really like the base that Litecoin appears to be forming and from a TA point of view we are looking at a nice "Cup & Handle" pattern forming. The chart has similarities to Ethereum and for both Ethereum and Litecoin, I am a buyer. At this stage, we don';'t know when it will show some life but interestingly while others (eg Ripple) sold off, Litecoin held its...
One month ago (8Sept17), I publicly stated my view that Ethereum has good upside potential. My belief, is that we are going to exceed $500. As a result, this is a great opportunity as an Investor (and Speculator0 to start what I term as "squirreling", that is to say, start accumulating your acorns so they may grow. Now Ethereum recently has been treading water...
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"...
Our poor friend Ripple looks like he's gone 10 rounds with Anthony Joshua (WBA Heavyweight Boxing Champion) and came out worse. So time to give him some much needed love and TLC. This long setup is a R:R 3.5:1 trade, which may take a bit of awhile to get moving. This trade supplements the related trade below... Sean Vengan 10+ Years Professional Trader and...
Waiting for a pullback to approx $54.50 which is our Buy Zone. Entry, Sl and Targets defined. T1 R:R 2.4:1 T2 R:R 3.7:1 Sean Vengan 10+ Years Professional Trader and Trading Educator REALITIES IN TRADING: In trading, there are Winners and Losers. Accept it. We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal...
There are 2 Support Levels for Ripple to test (S1 and S2). At this stage this is a buying opportunity. Now don't go all in on this as although we are still in an Uptrend we don't know if this a pullback or a start of a change in Trend if S2 breaks. So trade prudently until we do start showing more positive structure. When there is a setup I will post a trade,...
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...
We have just had a pullback on Bitcoin with our stop loss placed at $5380. At the time of writing (it could change) the low is 5415 In this Analysis, I show you how to manage my trade. Now I can't answer your questions because this needs to be taught. However, we are looking for a resumption of the Main Up Trend so we drill down for precision. Here we see...
We are already triggered on Long trade in Monero. Here we are adding to our existing long position - all parameters stay the same. 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...
I constantly get requests for an analysis on NEO. Whilst I like NEO as a crypto i don't like analysing it as it doesn't have enough daily data yet. However, I do see a SHort setting up. Confirmation will be the breaking of the Support Line R:R 2.82:1 Sean Vengan 10+ Years Professional Trader and Trading Educator REALITIES IN TRADING: In trading, there are...
DOGE has been in a significant downtrend and is potentially looking to breakout to the upside. We have to be aware that this is a counter-trend trade being in a downtrend, however, since we are keeping our stop loss tight it is worth the risk for a high probability trade. Up to you to decide whether you wait for confirmation of the breakout before entering or...
Overwhelmingly, many of you are short-term traders so here is a Bitcoin trade based on an hourly chart Target 1 $6,200 R:R 2.6:1 Target 2 $6,500 R:R 4:! Confirmation will be taking out the top of the Flag and is a trade trading WITH the Trend. Note it may be exhausted after a pushup and may tread water, all we are doing is just playing the probabilities of a...
One month ago (8Sept17) I published a LONG TERM FORECAST on Ethereum. A brave call! Well, you are in for a treat I am giving you something which you will not see any trader give you: Short Term (several days) I am revising my current open trade and now show you not 1 but 3 targets T1, T2 and T3. You now have two higher level targets to aim for, giving you a...
Ripple was too strong to pull back into our Buy Zone that is a good sign for longs as the buyers are strong and sellers are very weak. So here's an actual trade i'm giving you which can particiate in and hopefully will return us a R:R 2.87 Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If...
We have hit target on our R:R 2.74:1 trade. Well done to all who took this trade! New traders are under the infantile impression that one trade breaks the bank and have never heard the term STOP LOSS. They have a GREAT DEAL TO LEARN and unlikely to make any monies in trading and be the 90% losing traders they are. This R:R 2.74:1 trade eats up a 1...
Time to put our Bear Hat on...we appear to be setting up for an Inverse Head And Shoulders pattern. I will talk more about this in a later post the significance of this. For now, our Game Plan is to see if this trade plays out to test if what I am seeing in the Future is correct. You can enter now if you don't mind a litle bit more risk (+/-$50) but ideally when...
As with the Ripple trade, posted a few days ago, we were hoping for a pullback on Eteherum to reduce our risk and increase our reward. That didn't happen, so we were unable to add a 2nd Long position. As the Market is telling us that the buyers are continuing to increase their strength and the sellers are very weak I am adding a 2nd long position as the Market...