Forwarded from VIP Leaks Pool [AI Trades]
#CryptoChoe | VIPLeaksPool
If BTC closes at 9.5 - 9.6, it's a shooting star. I'd be concerned if you were in a long position (daily time-frame).
If BTC closes at 9.5 - 9.6, it's a shooting star. I'd be concerned if you were in a long position (daily time-frame).
Forwarded from VIP Leaks Pool [AI Trades]
#CryptoChoe | VIPLeaksPool
You guys may want to get out of BTC if you’re swinging for right now if the second candle turns bearish on the 4-hour. Target would be 9.2 - 9.3 over the course of the next few days.
You guys may want to get out of BTC if you’re swinging for right now if the second candle turns bearish on the 4-hour. Target would be 9.2 - 9.3 over the course of the next few days.
Forwarded from VIP Leaks Pool [AI Trades]
#CryptoChoe | VIPLeaksPool
**CryptoChoe**: STRAT may be a decent trade again as it's at the last line of defense and could see a foreseeable bounce here.
It's retraced 100% of it's gains since the last swing-low. A very good R:R as there's not much risk involved. This is not a signal but if you're looking for a set-up, this may appeal to those looking.
https://www.tradingview.com/chart/STRATBTC/syNkyzFT-STRAT-BTC/ [2018/5/25 11:25:25 GMT]
**CryptoChoe**: STRAT may be a decent trade again as it's at the last line of defense and could see a foreseeable bounce here.
It's retraced 100% of it's gains since the last swing-low. A very good R:R as there's not much risk involved. This is not a signal but if you're looking for a set-up, this may appeal to those looking.
https://www.tradingview.com/chart/STRATBTC/syNkyzFT-STRAT-BTC/ [2018/5/25 11:25:25 GMT]
TradingView
"STRAT/BTC" by trader ericbchoe — published May 25, 2018
Stratis / Bitcoin (BINANCE:STRATBTC). Get more trading ideas from ericbchoe. Follow market experts, get opinions and be heard! Join the largest trading & investing community on the planet.
Forwarded from VIP Leaks Pool [AI Trades]
#CryptoChoe | VIPLeaksPool
**CryptoChoe**: Hi guys, so there's only 5 coins that are trending positively on the daily chart:
BNB, EOS, TRX, BNT, and NULS. And from these 5 coins, there's no re-entry that is eye-catching for now but I'll be looking to enter when it's positioned correctly.
It's a tough situation as the only way this week's swing trades would work is through a mean reversion trading system where we play bounces instead of momentum.
Momentum is what I generally enjoy more since trading with the trend is a LOT easier and higher probability. So with the bounce plays, you need to keep to strict stop-losses. When entering your trades this week, make sure you risk low capital while your short for BTC continues to run! [2018/5/26 19:16:55 GMT]
**CryptoChoe**: Hi guys, so there's only 5 coins that are trending positively on the daily chart:
BNB, EOS, TRX, BNT, and NULS. And from these 5 coins, there's no re-entry that is eye-catching for now but I'll be looking to enter when it's positioned correctly.
It's a tough situation as the only way this week's swing trades would work is through a mean reversion trading system where we play bounces instead of momentum.
Momentum is what I generally enjoy more since trading with the trend is a LOT easier and higher probability. So with the bounce plays, you need to keep to strict stop-losses. When entering your trades this week, make sure you risk low capital while your short for BTC continues to run! [2018/5/26 19:16:55 GMT]
#CryptoChoe
*Update to Swing Trade 18 - BTC/USD - BITFINEX SHORT*
Entry: 6,900 - 7,200 (may have a throw-over to 7,500)
Take Profit: 4,400 (+32%)
Stop-Loss: 7,512 (-9%)
>*Couple thoughts here:*
1. If we do not reach 6.8K - I do expect bearish sentiment to start taking over shorter-term that may lead to a longer-term effect where we could see BTC at sub-5K regions
2. If we do reach 6.8K with increasing bullish volume, I do believe we will be able to break it and possibly reach 7.0K - 7.2K region in line with our pitchfork median line.
3. If we do break 7.2K and trend in the upper-part of pitchfork, I'm expecting a more bullish outlook for BTC to continue a weekly higher-low pattern to take us to our next large resistance at 10K.
4. My overall sentiment is bearish until we break some key resistance levels, especially 7.2K area.
A few options that I'm considering:
a. Short at key resistance levels (6.8 / 7.0 / 7.2)
b. Long on breakout ---> retest of support.
c. Short now and ladder up to 6.85 with a stop-loss above 6.9 in hopes of a failed test
d. Wait for breakout on either side and play the trend.
*Update to Swing Trade 18 - BTC/USD - BITFINEX SHORT*
Entry: 6,900 - 7,200 (may have a throw-over to 7,500)
Take Profit: 4,400 (+32%)
Stop-Loss: 7,512 (-9%)
>*Couple thoughts here:*
1. If we do not reach 6.8K - I do expect bearish sentiment to start taking over shorter-term that may lead to a longer-term effect where we could see BTC at sub-5K regions
2. If we do reach 6.8K with increasing bullish volume, I do believe we will be able to break it and possibly reach 7.0K - 7.2K region in line with our pitchfork median line.
3. If we do break 7.2K and trend in the upper-part of pitchfork, I'm expecting a more bullish outlook for BTC to continue a weekly higher-low pattern to take us to our next large resistance at 10K.
4. My overall sentiment is bearish until we break some key resistance levels, especially 7.2K area.
A few options that I'm considering:
a. Short at key resistance levels (6.8 / 7.0 / 7.2)
b. Long on breakout ---> retest of support.
c. Short now and ladder up to 6.85 with a stop-loss above 6.9 in hopes of a failed test
d. Wait for breakout on either side and play the trend.