Connect with us

Recommendations

Trade Recommendation: Bitcoin

Published

on

The support zone 1 still holds the market. If the price bounces from it, we should be ready to catch a new upward movement. The safe entry can be done based on a breakout above the downtrend line and the previous swing high. We can place pending orders for buy at 15300.00 level with stop orders below the previous swing low at 11500.00 level. The main profit target is 20000.00 level. As for long term trading, the profit can be fixed at 25000.00 level. Alternative variant: if the price breaks the 1st support zone, new trading opportunities should be at 10000.00 level. If you don’t use leverage, trading volume for this trade is up to 20% from your deposit.

Market: BTCUSDT
Buy: 15300.00
Stop: 11500.00
Profit Targets: 20000.00 and 25000.00

The trading signal is based on Poloniex chart.
Disclaimer: The analyst are some invested in Bitcoin.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

3.3 stars on average, based on 44 rated postsDmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.




Feedback or Requests?

7 Comments

7 Comments

  1. Haspel

    December 30, 2017 at 11:55 pm

    Bitcoin is at 13k and your recommendation is to buy at 15.3k. Ok…

    • fgranna

      December 30, 2017 at 11:55 pm

      It’s about to be sure that the trend is broken dude

  2. grignacarbo

    December 31, 2017 at 8:24 am

    I did not understand one thing, if I buy the bitcoin now (around 13000) I make a mistake? do I necessarily have to wait for it to go up to around 15,3k to buy?

    • ggonzaga

      December 31, 2017 at 4:07 pm

      Well, the stop order is at ~$11k, meaning when it hits 11k and starts going back up, 15.3k would be a value that would confirm the uptrend. 13k I guess does not confirm it, meaning it would be a higher risk trade.

      • CryptoNash

        January 1, 2018 at 7:17 pm

        it may never go to 11K. the recommendation is to wait for now until bitcoin reaches 15.3 confirming upwards trend, then buy at 15.3. if after that things go south and it goes down all the way to 11K, then sell at 11K per stop order to prevent excessive loss. just fyi, I went in on a similar trade recommendation for Zcash, and it did dip below the stop price momentarily, and then rebounded way above the profit target. I had sold out once it hit the stop order….and missed the huge rebound. If I had been willing to stay in a little below the stop I would have got the gains. so for me it is subjective whether you want to make your personal stop slightly lower than the recommended stop. Also it may be your personal judgement on how to handle the suggested profit target. In similar circumstance XLM actually doubled the highest profit target over time based on fundamentals. I sold out at the profit target but later bought back in at a higher price due to upwards long term trend and fundamentals. the buy back has still reaped further profits. Although that is falling into the realm of investing rather than trading. good luck .

  3. Perkunas

    December 31, 2017 at 9:03 pm

    He means that if the btc goes to 15k it CONFIRMS the trend. At 13k its not certain. Its technical analysis dude.

  4. amg893

    January 3, 2018 at 10:35 am

    Anyone care to share any thoughts on bitcoins recent rally?

You must be logged in to post a comment Login

Leave a Reply

Recommendations

Trade Recommendation: CyberMiles

Published

on

The CyberMiles/Bitcoin (CMT/BTC) pair breached resistance of 0.000014 on August 24, 2018. This triggered the breakout from the falling wedge pattern on the daily chart. The breakout looks convincing as the pair printed volume that’s over 830% of its daily average. Consequently, CMT/BTC climbed to as high as 0.00001889.

Unfortunately for breakout buyers, the price action was interpreted by bottom fishers as an opportunity to take profits. As profit-taking commenced, CMT/BTC retraced. Less than a month later, it appears that the correction is over.

Technical analysis show that CMT/BTC is forming a durable support at 0.000012. While this level is slightly below the breakout, the market remains bullish because it is creating a higher low setup. This means that participants are no longer waiting for CMT/BTC to revisit recent lows of 0.00001099, which was posted on August 14 before entering long positions.

In addition, bulls rescued the market when it dropped to as low as 0.00001201 yesterday, September 17. What’s even more interesting is that there was a 230% volume surge yesterday. This indicates that the base building after the breakout is almost over.

The strategy is to buy as close to 0.000012 as possible. CMT/BTC is correcting to cool off technical indicators in the lower time frames. If the market can stay above this new support, it will likely climb to our target of 0.000021.

The process may take less than a month.

Daily Chart of CyberMiles/Bitcoin on Binance

As of this writing, the CyberMiles/Bitcoin pair is trading at 0.00001289 on Binance.

Summary of Strategy

Buy: As close to 0.000012 as possible.

Target: 0.000021

Stop: 0.0000115

 

Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

3.6 stars on average, based on 234 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




Feedback or Requests?

Continue Reading

Recommendations

Trade Recommendation: Status

Published

on

The Status/Bitcoin (SNT/BTC) pair bounced off a low of 0.00000471 on September 12, 2018. At that price level, the market was down by almost 90% from the 2018 high of 0.00004406. With such a tremendous loss, investor confidence is most likely shattered at this point.

However, one of the best times to invest in an asset is when no one’s looking. Whales or smart money investors often enter when no one’s paying attention. We can see this scenario possibly developing in SNT/BTC.

Technical analysis shows that SNT/BTC is positioning to take out resistance of 0.0000056. The breach would trigger the breakout from the large falling wedge pattern on the daily chart.

We believe that SNT/BTC will likely breakout from the pattern for several reasons. First, the pattern is near its apex. This makes it very difficult for bears to establish another lower high considering that value has gone down by almost 90%. On top of that, volume has been significantly declining. A dwindling supply paired with bearish exhaustion can be a recipe for a breakout.

Lastly, we can see the daily RSI breakout from its own falling wedge. This tells us that bulls are starting to make their presence felt.

The strategy is to buy the breakout at 0.0000056 as long as the market generates volume of 12 million Status units. Bears will do their best to keep market control. SNT/BTC needs buyers to absorb the expected selling pressure.

Once breakout is complete, the rally will likely take SNT/BTC to our target of 0.000008.

The process may take a month.

Daily Chart of Status/Bitcoin on Binance

As of this writing, the Status/Bitcoin pair is trading at 0.00000527 on Binance.

Summary of Strategy

Buy: Breakout at 0.0000056 after the market meets volume requirements.

Target: 0.000008

Stop: 0.0000054 after the breakout.

 

Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

3.6 stars on average, based on 234 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




Feedback or Requests?

Continue Reading

Recommendations

Trade Recommendation: Populous

Published

on

The Populous/Bitcoin (PPT/BTC) pair took out resistance of 0.00056 on August 16, 2018. The breach triggered the breakout from the large falling wedge on the daily chart. The breakout looks valid because it was followed by a surge in volume and price. PPT/BTC managed to climb to as high as 0.00108 on August 17.

Unfortunately, the rally was seen as an opportunity to take quick profits. Those who bought the bottom and the breakout dumped positions. With the market flooded with supply. PPT/BTC pulled back. Nevertheless, we have reasons to believe that the retracement is over.

Technical analysis shows that PPT/BTC is respecting support of 0.0005. This view comes after bulls managed to keep the pair above this level since September 12. Every time bears try to breach the support, bulls gather their forces to lift the market above the support.

This encouraging sign is affirmed by the growing momentum, which you can see on the RSI. Since June 23, the market has been posting a series of RSI higher lows. This indicates that bulls are no longer waiting for extreme oversold conditions before stepping up. Little by little, bulls are working to swing momentum over to their side.

The strategy is to buy as close to 0.0005 support as possible. As long as the market is above this level, there’s a very good chance that it will revisit our target of 0.001.

The process may take less than a month.

Daily Chart of Populous/Bitcoin on Binance

As of this writing, the Populous/Bitcoin pair is trading at 0.0005337 on Binance.

Summary of Strategy

Buy: As close to 0.0005 support as possible.

Target: 0.001

Stop: 0.00048

 

Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

3.6 stars on average, based on 234 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




Feedback or Requests?

Continue Reading

Recent Comments

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending