edwincarstrading

edwincarstrading Updated 

I have just spotted a price divergence in the hourly chart, DMI and MACD confirm trend reversal, however, for extra confirmation, you may wait for the price to break trough the Ichimoku Cloud towards next resistance level (2800)

edwincarstrading Updated 

Watch for XMR if it breaks downtrend, with Stop-Buy at 45$ might be right, check DMI and RSI before placing order.

edwincarstrading Updated 

Is interesting to see how LTCUSD found support while BTCUSD dropped today. Also a rising triangle pattern was formed for LTCUSD in the 4hours chart. Will it hold the continuation of the bearish BTCUSD market? RSI in the graph stands for the BTCUSD pair.

edwincarstrading Updated 

XRPUSD just broke Keltner upper channel and resistance uptrend, with DMI and MACD (not shown) both positive towards this trade. RSI and Stoch (not shown) showing overbought signs. Tight stop-loss most be placed for the next hour, then wait for price to cross Keltner middle line

edwincarstrading Updated 

As observed in my previous post, ETCUSD pair did not gain momentum for a reversal, only decelerated (IMO) by the upcoming ether trading introduction in China. MA20 just crossed under MA50. RSI and Stochastic (not shown) are heading south with still plenty of room to decline, However, price excursioned Keltner Channel bottom line, and has maintained there for...

edwincarstrading Updated 

REPUSD pair is on a downtrend along with ETHUSD, but with conditions in favor of range trading. Right now, RSI and Stochastic overbought and ADX in range trading zone. Bottom Bollinger Band (not shown) touching price, and bottom Keltner Channel (not shown) 4$ above price. Stop under major resistance for a Risk/Reward of 1.75

edwincarstrading Updated 

As many other altcoins, Monero follows BTC movement. If we see a upward reversal for BTCUSD, the following strategy might workout. Place tight stop-loss order after going long.

edwincarstrading Updated 

I wonder if someone agrees this could be a rising channel forming?

edwincarstrading Updated 

It seems tome that there is not enough Risk/Reward to trade ETC, unless a clear reversal against resistance. ETC follows behavior of ETHUSD and BTCUSD so BTCUSD trends could lead to magnified profit (30%) or loss (-65%) for mid-term holders.

edwincarstrading Updated 

Descending triangle pattern about to close, it will be likely a downward continuation, however a reversal can occur suitable if holding FIAT. Reversal can be confirmed by MACD, MA20/MA50 crossover and 2 bars closing above resistance (302USD). Check RSI as well.

edwincarstrading Updated 

How about going long right after price bounces up? take profit close to resistance, and stop-loss just above support. Check other indicators as well.