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Trade Recommendation: Bitcoin

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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.

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3.2 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.




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  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?

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Trade Recommendation: IOTA

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Our April 4, 2018 trade recommendation for the IOTA/Bitcoin (IOTA/BTC) pair hit the target on April 15 when it went as high as 0.00021. Those who followed the trade recommendation grew their investments by at least 42% in less than two weeks.

While we expected the pair to trade the range, it took out 0.0002 resistance on April 18. This attracted breakout players who pushed the pair to as high as 0.000285 on May 3. The move, however, was not sustainable. The pair flashed overbought readings throughout the run. In addition, a bearish divergence was seen on the daily chart.

With these bearish signals, IOTA/BTC broke 0.0002 support on June 12. Even though the move is bearish, this gives us an opportunity to buy the bottom.

Technical analysis show that IOTA/Bitcoin is well on its way to support of 0.00014. This view comes as the break below 0.0002 triggered the double top reversal pattern on the daily chart. The target of the pattern is the 0.00014 support, which is interestingly a major support level.

The strategy is to buy as close to 0.00014 as possible. If bulls continue to defend the support, the market will most likely bounce to our target of 0.0002. We’ll revisit the trade once the target is hit.

The process may take a month.

Daily Chart of IOTA/BTC on Binance

As of this writing, the IOTA/Bitcoin pair is trading at 0.0001683 on Binance.

Summary of Strategy

Buy: As close to 0.00014 as possible.

Target: 0.0002

Stop: 0.000132

 

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.

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3.7 stars on average, based on 181 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.




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Trade Recommendation: SGD/CHF

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The Singapore Dollar/Swiss Franc (SGD/CHF) pair started its downtrend in July 2013 when it broke below key support of 0.73. The breach of support inspired a selling frenzy that saw the pair drop to 0.62986 in January 2015. In a year and a half, the Singaporean Dollar lost 14% of its value against the Swiss Franc.

At this level, the pair was flashing reversal signals. First, the monthly candle had a long wick below its body indicating the presence of buyers below 0.68. Also, the pair was in oversold territory on the monthly stochastics.

With a bottom in place, SGD/CHF began to rally. It went as high as 0.73474 in July 2016. While bears defended the resistance, bulls responded by creating a higher low setup at 0.68609 in November 2016. The pair has been showing bullish signals since.

Technical analysis reveal that SGD/CHF has taken out resistance of 0.73. This triggered the ascending triangle pattern on the weekly chart. The breakout was affirmed by a rally to 0.75206 in May 2018. The pair has been pulling back since but this is your chance to buy the breakout.

The strategy is to buy as close to 0.73 support as possible. A successful defense of the support confirms the breakout and takes the pair to our target of 0.79.

The process may take more than six months.

Weekly Chart of Singapore Dollar/Swiss Franc on OANDA

As of this writing, the Singapore Dollar/Swiss Franc pair (SGD/CHF) is trading at 0.73075 on OANDA.

Summary of Strategy

Buy: Buy as close to 0.73 as possible.

Target: 0.79

Stop: Move below 0.72.

 

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.

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3.7 stars on average, based on 181 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.




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Trade Recommendation: Waves

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The Waves/Bitcoin pair (WAVES/BTC) has been range trading between 0.00051 – 0.0008 for the better part of this year. The pair had an opportunity to break out of the range on May 8 as it appeared to be carving a higher low at 0.0007 support. However, it broke the support on May 21. This triggered a selling frenzy that saw the pair drop to as low as 0.000487 on June 14.

While WAVES/BTC dropped, this presented us with the possibility to bottom pick the market.

Technical analysis reveal that Waves/Bitcoin is poised for a strong rally. This view comes after the pair respected support of 0.00051. Even though WAVES/BTC went below the support on June 14, bulls rushed in to defend it. On top of that, a bullish divergence can be spotted on the daily stochastics. This suggests a possible bottom and trend reversal.

In addition, the 4-day, 8-day, and 21-day moving averages are attaching to the daily candle’s body and reversing direction. This tells us that the expected move up is likely sustainable.

The strategy is to buy as close to 0.00051 support as possible. If bulls continue to preserve the support, they will attract the momentum they need to move to our target of 0.0007. Sell immediately because it is very likely that the pair will encounter stiff resistance at this level.

The process may take a month.

Daily Chart of WAVES/BTC on Binance

As of this writing, the WAVES/Bitcoin pair is trading at 0.0005223 on Binance.

Summary of Strategy

Buy: As close to 0.00051 as possible.

Target: 0.0007

Stop: 0.00049

 

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.

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3.7 stars on average, based on 181 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.




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