On to another smashing event that gripped today's market.
$XEM as the king of the hill.
As you all know we covered the violet bullish activity that has been seen from the New Economic Movement in the past, when it falls below the thousand sat range, exactly 10 days ago. This position was unfortunately stopped out on the way down. Sad story, it behaved exactly as expected after all. Topping out at +90% profit from our entries!
🎓Lessons learned:
▫️Broader ladder entries:
In critical zones, ladder orders shall consist of at least three rungs. (Only proposed two entries)
▫️Respect the lines:
Keep stops well clear of any existing trend lines. Adjusted falling trendline stop would have been effective here. (stop was set just inside the lower line of the falling wedge)
▫️Timing is everything:
In hindsight, there where signals that indicated that the bottom was getting close or had been found. Believe it or not, only ten days ago, we were in the thick of the Altcoin bear market. Keeping this call on hold on the #SmashingWatchlist would have scored us better entries and tighter stops.
Brilliant opportunities are hard to come by, and when one finds them. It's so easy to jump at them with full vigor, but as the saying goes, us traders must practice the art of bird watching in lion territory!
🎓View today's chart 🎓
🎓view PDF 🎓
$XEM as the king of the hill.
As you all know we covered the violet bullish activity that has been seen from the New Economic Movement in the past, when it falls below the thousand sat range, exactly 10 days ago. This position was unfortunately stopped out on the way down. Sad story, it behaved exactly as expected after all. Topping out at +90% profit from our entries!
🎓Lessons learned:
▫️Broader ladder entries:
In critical zones, ladder orders shall consist of at least three rungs. (Only proposed two entries)
▫️Respect the lines:
Keep stops well clear of any existing trend lines. Adjusted falling trendline stop would have been effective here. (stop was set just inside the lower line of the falling wedge)
▫️Timing is everything:
In hindsight, there where signals that indicated that the bottom was getting close or had been found. Believe it or not, only ten days ago, we were in the thick of the Altcoin bear market. Keeping this call on hold on the #SmashingWatchlist would have scored us better entries and tighter stops.
Brilliant opportunities are hard to come by, and when one finds them. It's so easy to jump at them with full vigor, but as the saying goes, us traders must practice the art of bird watching in lion territory!
🎓View today's chart 🎓
🎓view PDF 🎓
Coinigy.com
Bittrex XEM/BTC Chart - Published on Coinigy.com on May 16th, 2019 at 7:04 PM.
Bittrex XEM/BTC Chart - Indicators used: Volume (true, 20), RSI (20) - Interval: D. Published on Coinigy.com on May 16th, 2019 at 7:04 PM.
🎓Spot Trade🎓
$BRD / BTC
Bread steps forward from our #SmashingWatchlist! Its time to serve up some mashed potatoes on that Bread because this is just such easy money.
Plotted out on the daily (D) chart you will see my typical dashed lines marking out entries exists and targets. $BRD has been hammering targets all year long. x9 entries nailed +17-20% profit, and on x4 occasions hitting the ultimate +60% targets.
Show us a little love by at least viewing this chart on our Twitter.This is Absolutely Mashed!
Entry: 0.00006034 - 0.00005875 (40 / 60)
Target: 0.00006633 -0.00006886 - 0.00008299 (13, 17, 38%)
*Stop: 0.00005702(~3.5%)
Market Entry: 🚫
*Trendline stop. Adjust accordingly.
🎓View Chart on Twitter 😉
$BRD / BTC
Bread steps forward from our #SmashingWatchlist! Its time to serve up some mashed potatoes on that Bread because this is just such easy money.
Plotted out on the daily (D) chart you will see my typical dashed lines marking out entries exists and targets. $BRD has been hammering targets all year long. x9 entries nailed +17-20% profit, and on x4 occasions hitting the ultimate +60% targets.
Show us a little love by at least viewing this chart on our Twitter.This is Absolutely Mashed!
Entry: 0.00006034 - 0.00005875 (40 / 60)
Target: 0.00006633 -0.00006886 - 0.00008299 (13, 17, 38%)
*Stop: 0.00005702(~3.5%)
Market Entry: 🚫
*Trendline stop. Adjust accordingly.
🎓View Chart on Twitter 😉
Twitter
Hashed Plutus
🎓Spot Trade🎓 $BRD / BTC Bread steps forward from our #SmashingWatchlist! Its time to serve up some mashed potatoes on that Bread because this is just such easy money!
🎓#SmashingWatchlist🎓
$FSN has returned to the buy zone after hitting targets. Fill some orders here and trade the channel until the targets get hit again.
*Use the FSN $ tag for a recap on the entries & exits.
🎓View Chart 🎓
$FSN has returned to the buy zone after hitting targets. Fill some orders here and trade the channel until the targets get hit again.
*Use the FSN $ tag for a recap on the entries & exits.
🎓View Chart 🎓
$BTG
Bitcoin Gold is getting dropped from the#SmashingWatchlist for now. The chart was looking good during the alt bear market. Even today the price good and in a demand zone, but volume is dead, and comfortable stops are pretty deep. Chart also looks a bit like BTC-Nov-2018 ☠️
https://www.coinigy.com/s/i/5ce8fc100a02c/
Bitcoin Gold is getting dropped from the#SmashingWatchlist for now. The chart was looking good during the alt bear market. Even today the price good and in a demand zone, but volume is dead, and comfortable stops are pretty deep. Chart also looks a bit like BTC-Nov-2018 ☠️
https://www.coinigy.com/s/i/5ce8fc100a02c/
Coinigy.com
Binance BTG/BTC Chart - Published on Coinigy.com on May 25th, 2019 at 8:25 AM.
Binance BTG/BTC Chart - Indicators used: Volume (true, 20), MACD (12, 26, close, 9) - Interval: D. Published on Coinigy.com on May 25th, 2019 at 8:25 AM.
🎓Trade Update🎓
🎓 $KMD 📶 Topped out at 12% gains so far. Very nice entry we have here. Second entry is even deeper. #Smashingwatchlist
🎓View Chart🎓
$BCH x10 Long and damn what a rough ride but we came out on top baby!
We just missed getting stopped out, right after our entry, by 4sats to be exact. We went on the nail our first target 🎯 +40% right before the price collapsed, stopping out the remaining 50% on our position at 🚫 -20%. Terrible shame to have been stopped out here. 0.0490 would have been a lovely entry. +20% Net on that wacky candle, I think we are doing okay!
🎓View Chart 🎓
🎓 $KMD 📶 Topped out at 12% gains so far. Very nice entry we have here. Second entry is even deeper. #Smashingwatchlist
🎓View Chart🎓
$BCH x10 Long and damn what a rough ride but we came out on top baby!
We just missed getting stopped out, right after our entry, by 4sats to be exact. We went on the nail our first target 🎯 +40% right before the price collapsed, stopping out the remaining 50% on our position at 🚫 -20%. Terrible shame to have been stopped out here. 0.0490 would have been a lovely entry. +20% Net on that wacky candle, I think we are doing okay!
🎓View Chart 🎓
#IOTA - View Chart
Selected by @cryptopotatoes himself, I'm glad I found the time to post this setup early - before our latest #SmashingWatchlist comes out. Current price is 2357sats, up 108 pips or ±5%.
Selected by @cryptopotatoes himself, I'm glad I found the time to post this setup early - before our latest #SmashingWatchlist comes out. Current price is 2357sats, up 108 pips or ±5%.
🎓 #SmashingWatchlist 🎓- A Sneak Preview
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
▪️ #MTL ▪️ #IOTX ▪️ #TRX ▪️ #RVN ▪️ #CDT ▪️ 🎓 #SmashingWatchlist 🎓
🎓 #SmashingWatchlist 🎓
#MTL is showing exceptional performance. Trade was closed at break even before the crash. Currently seeking a new entry - View Chart
#MTL is showing exceptional performance. Trade was closed at break even before the crash. Currently seeking a new entry - View Chart
🎓 #SmashingWatchlist 🎓
🎓 #CDT / BTC
🔸Signal Info: Nuls
Exchange: Binance (Trade)
Direction: LONG
🔸Status: Breakout enries set.
🔸Current Price:129sats
Breakout Entry: 133sats
Targets: 146sats, 157sats 172sats
Exi: 127sats
🎓 #CDT / BTC
🔸Signal Info: Nuls
Exchange: Binance (Trade)
Direction: LONG
🔸Status: Breakout enries set.
🔸Current Price:129sats
Breakout Entry: 133sats
Targets: 146sats, 157sats 172sats
Exi: 127sats
🎓 #SmashingWatchlist 🎓
🎓 $BSV / USDT - View Chart
Now I know BSV isn't a fan favourite, but this coin has some stunning technicals if you are willing to overlook the politics surrounding it. The chart here has shown us how the long term patterns got established. And then later on confirmed the trending line.
The price has moved into a tighter rising wedge over the past 7 days.
For a start, to hedge ourselves from a damning pump on BTC, we will trade the USDT pair.
Start buying bellow $104.30 or fib line 0.236.
🎓 $BSV / USDT - View Chart
Now I know BSV isn't a fan favourite, but this coin has some stunning technicals if you are willing to overlook the politics surrounding it. The chart here has shown us how the long term patterns got established. And then later on confirmed the trending line.
The price has moved into a tighter rising wedge over the past 7 days.
For a start, to hedge ourselves from a damning pump on BTC, we will trade the USDT pair.
Start buying bellow $104.30 or fib line 0.236.
🎓 #SmashingWatchlist 🎓
▪️ $XEM ▪️ $ETC▪️$QTUM▪️$RLC▪️$WAVES▪️$STEEM ▪️
❄️ Ho Ho Ho, here we have our Smashing Holiday Watchlist. 👼 Let us make some cheerful Christmas profits for ourself and our families. 🎄 Happy trading this festive season! 🎅
PS: Any stops mentioned are not intended for margin positions. Preliminary entries marked out on the charts.
▪️ $XEM ▪️ $ETC▪️$QTUM▪️$RLC▪️$WAVES▪️$STEEM ▪️
❄️ Ho Ho Ho, here we have our Smashing Holiday Watchlist. 👼 Let us make some cheerful Christmas profits for ourself and our families. 🎄 Happy trading this festive season! 🎅
PS: Any stops mentioned are not intended for margin positions. Preliminary entries marked out on the charts.
🎓 Trade Update 🎓
🎄 #SmashingWatchlist positions filled:
▪️ $XEM ▪️ $ETC▪️$QTUM▪️$WAVES▪️$STEEM ▪️
▪️$RLC ▪️ Last one left to be filled. Price needs to drop by about 15-20% to complete epic weekly cup with handle formation.
🎄 #SmashingWatchlist positions filled:
▪️ $XEM ▪️ $ETC▪️$QTUM▪️$WAVES▪️$STEEM ▪️
▪️$RLC ▪️ Last one left to be filled. Price needs to drop by about 15-20% to complete epic weekly cup with handle formation.
🎓 #SmashingWatchlist 🎓
🎓 $EOS 🎓
It's a little late in the day to write up a compressive analysis on EOS tonight, but I thought I would share a quick sneak preview of what I see here.
This is a pretty intense chart to look at. The chart made up of daily candles covers the entire year of 2019 and then some. I had a falling channel in place on my chart and it focused on the tragic drop we lived though from that red sell signal arrow and down.
Rejusting this channel to the proper high low wicks for the wave, and centring the midpoint on the 2018 trending down line has revealed a secret little breakout that has taken place just over a week ago. The price broke clean into a new trading band and the 21MA is catching up to support the move. The smashing signal on my trusty DMI just blows my mind - after spending nearly the entire year of 2019 in the pits, the DMI has definitively printed a bullish signal.
Let's lookout for a neat entry on this asset, but market entries could be profitable without leverage
🎓 $EOS 🎓
It's a little late in the day to write up a compressive analysis on EOS tonight, but I thought I would share a quick sneak preview of what I see here.
This is a pretty intense chart to look at. The chart made up of daily candles covers the entire year of 2019 and then some. I had a falling channel in place on my chart and it focused on the tragic drop we lived though from that red sell signal arrow and down.
Rejusting this channel to the proper high low wicks for the wave, and centring the midpoint on the 2018 trending down line has revealed a secret little breakout that has taken place just over a week ago. The price broke clean into a new trading band and the 21MA is catching up to support the move. The smashing signal on my trusty DMI just blows my mind - after spending nearly the entire year of 2019 in the pits, the DMI has definitively printed a bullish signal.
Let's lookout for a neat entry on this asset, but market entries could be profitable without leverage
🎓 #SmashingWatchlist 🎓
🎓 $EOS / BTC - View Chart
🔸Trade Update: I'm very pleased to come and talk to you all about the success on this trade tonight. The market entry I mentioned late last week was spot on. Margin trades at this level would have been paying off well right about now.
Either way, the price is up 10% so far. That is fair, but these days I just find those kinds of gains unacceptable. We are trading here, we invest time and money, we want to win and get ahead in life. Let's talk about the entries here and the reasons for staying off the margin trades.
First off, the potential entries that looked appealing here were spread about 8% apart. That's simply too much to risk when trading margin. Ladder entries on margin trades should be spread in the range of and not really exceeding 3% by much.
We saw a max downdraw of approximately -2.5% which would have been a real comfortable stop. The setup could have comfortably been traded on 5-10x leverage.
Talking targets on our market entry here, I'll be betting on the resistance at each band that exists in this channel. That's profit at 30%, 70% & 120%.
These targets would have seemed absurd to me a while back, but I have come to appreciate that with patience. These targets are indeed achievable. There is nothing like seeing a coin run until kingdom come while you sold for some petty 10% target way down there!
🎓 $EOS / BTC - View Chart
🔸Trade Update: I'm very pleased to come and talk to you all about the success on this trade tonight. The market entry I mentioned late last week was spot on. Margin trades at this level would have been paying off well right about now.
Either way, the price is up 10% so far. That is fair, but these days I just find those kinds of gains unacceptable. We are trading here, we invest time and money, we want to win and get ahead in life. Let's talk about the entries here and the reasons for staying off the margin trades.
First off, the potential entries that looked appealing here were spread about 8% apart. That's simply too much to risk when trading margin. Ladder entries on margin trades should be spread in the range of and not really exceeding 3% by much.
We saw a max downdraw of approximately -2.5% which would have been a real comfortable stop. The setup could have comfortably been traded on 5-10x leverage.
Talking targets on our market entry here, I'll be betting on the resistance at each band that exists in this channel. That's profit at 30%, 70% & 120%.
These targets would have seemed absurd to me a while back, but I have come to appreciate that with patience. These targets are indeed achievable. There is nothing like seeing a coin run until kingdom come while you sold for some petty 10% target way down there!
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
🎓 $ETC - View Chart
🎓 #SmashingWatchlist
🎓 $ETC / BTC - View Chart
🔸Trade Update: Here is a little something that has been eating away at me. You think you are winning making good targets, but when dealing with massive breakouts like this, you just don't know what to make of it.
Ethereum Classic was one of the hottest trades this year so far, we nailed it, but our targets are still hovering - on average bellow the mean from the high on the run to the top.
We achieved our maximum target of 83%. Perhaps this doesn't happen on all trades and all assets, but you will be selling yourself short if you are not willing and able or prepared for that kind of profit.
🎓 $ETC / BTC - View Chart
🔸Trade Update: Here is a little something that has been eating away at me. You think you are winning making good targets, but when dealing with massive breakouts like this, you just don't know what to make of it.
Ethereum Classic was one of the hottest trades this year so far, we nailed it, but our targets are still hovering - on average bellow the mean from the high on the run to the top.
We achieved our maximum target of 83%. Perhaps this doesn't happen on all trades and all assets, but you will be selling yourself short if you are not willing and able or prepared for that kind of profit.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
🎓 $RLC - View Chart
🎓 #SmashingWatchlist 🎓
🎓 $RLC / BTC - View Chart
Here is a smashing setup that got spotted late last year and I've been checking in every few days to see if we are still on track. I'm pleased to see the price rounding out. There were a few moments when I thought I had missed the bottom, to be honest.
Looks like the worst of it has indeed passed, and it is the ideal time to scoop an entry on RLC. Normally a cup with handle formation is charted as a breakout setup, but on this puppy, we will be up 80% even before we can consider more profits. Let's get there first, and then we can discuss ways to take the trade forward.
It's nice to think that the formation will stay intact for so long, but I am just waiting for this picture to get ruined by some drawn-out wedge formation. Especially so when trading crypto. Let's see how it goes, things start getting interesting from here on out!
🔸Current Price: 5655sats
❇️Entry: 5680sats, 5110sats
🎯Take Profit: 7030sats, 8520sats, 10160sats
♦️Stop Limit: 4780sats (-12%) Average after both entries.
🎓 $RLC / BTC - View Chart
Here is a smashing setup that got spotted late last year and I've been checking in every few days to see if we are still on track. I'm pleased to see the price rounding out. There were a few moments when I thought I had missed the bottom, to be honest.
Looks like the worst of it has indeed passed, and it is the ideal time to scoop an entry on RLC. Normally a cup with handle formation is charted as a breakout setup, but on this puppy, we will be up 80% even before we can consider more profits. Let's get there first, and then we can discuss ways to take the trade forward.
It's nice to think that the formation will stay intact for so long, but I am just waiting for this picture to get ruined by some drawn-out wedge formation. Especially so when trading crypto. Let's see how it goes, things start getting interesting from here on out!
🔸Current Price: 5655sats
❇️Entry: 5680sats, 5110sats
🎯Take Profit: 7030sats, 8520sats, 10160sats
♦️Stop Limit: 4780sats (-12%) Average after both entries.