Connect with us

Recommendations

Trade Recommendation: Omni

Published

on

The Omni/Bitcoin pair exhausted its bull run on July 6, 2017 when it generated a lower high at 0.0253. The downtrend was confirmed when the market broke support at 0.02 on July 11, which triggered a bearish head and shoulders reversal pattern. It then created a series of lower lows and lower highs until it found the bottom at 0.00241466 on November 2. The market lost 87.93% of its value within four months after reversing its trend.

// -- Discuss and ask questions in our community on Workplace.

However, it quickly established firm support at 0.0025 after bottoming out. It consolidated at that support level for a month until it broke resistance at 0.0045 on December 21. The market managed to go as high as 0.0087 before breakout players and bottom pickers stepped in to take profits. The pair retreated, but it provided a window of opportunity for you to buy cheap.

Technical analysis show that the market is creating a bullish higher low set up at 0.0045. The important thing to note is the astronomical surge in volume on January 27. The daily average of bitcoin volume for this market was around 20 BTCs, but on January 27, the volume skyrocketed to 676.16 BTCs. This is an encouraging sign because that means more participants are holding positions around 0.0045.

The strategy is to buy as close to 0.0045 as possible. Should bulls defend this level, the market will attempt to breach resistance at 0.009 in one month.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Weekly Chart of Omni/Bitcoin on Poloniex

As of this writing, the Omni/Bitcoin pair is trading at 0.00469721 on Poloniex.

 

 

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...

4.3 stars on average, based on 68 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?

Recommendations

Trade Recommendation: Vcash

Published

on

The Vcash/Bitcoin (XVC/BTC) pair lost all bullishness on September 13, 2017 after failing to close above 0.0002 resistance. The strength of the bears was so strong that the market went as low as 0.0000333 on October 23. In a little over a month, the pair lost over 83% of its value.

// -- Discuss and ask questions in our community on Workplace.

However, the market quickly rallied even though some would expect that it will continue to plunge. On November 5, the XVC/BTC pair went as high as 0.00012, which is a 260.36% growth from its bottom. Bottom pickers took advantage of the rapid rise and dumped positions. As a result, the market went as low as 0.00003501 on December 12. It appears that at this point, the market has already established its range.  

Technical analysis show that the Vcash/Bitcoin pair is consolidating in a wide range between 0.000035 support and 0.00008 resistance. On January 15, 2018, it again pierced 0.00008 resistance but bears claimed that level. Now, the pair is on its way down to 0.000035.  

The strategy is to buy as close to 0.000035 as possible. If bulls respects 0.000035, the market will likely rally again to 0.00008. The process may take a month.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Daily Chart of Vcash/Bitcoin on Poloniex

As of this writing, the Vcash/Bitcoin pair is trading at 0.00004111 on Poloniex.

Summary of Strategy

Buy: 0.000035

Target: 0.00008

Stop:  0.0000333

 

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...

4.3 stars on average, based on 68 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: Ethereum

Published

on

This trade recommendation is setting up quickly and requires prompt attention

// -- Discuss and ask questions in our community on Workplace.

This is a short term trade. With the Daily Pivot Range (blue dots) tightly aligned with the similarly tight 3 Day Rolling Pivot Range (RPR) (green dots), the bias is strongly to the upside and therefore this level is key support.

The Daily Pivot Moving Averages are turning upward and are mildly bullish.

The action to take is to place a buy order to enter the market long if the market trades at or above the green ‘A’ up line for at least 15 consecutive minutes. Check your short term and/or 5 minute chart to verify. Place the stop loss at the Opening Range low and the profit target stated below.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Note: If triggered, look for the trade to play out over a period of 24-36 hours and if no significant move after 3 hours, exit the trade. Keep in mind the 3 hours is not a rule but a guideline as you will want to use discretion when managing the trade. One option is to move your stop loss up to breakeven (entry price) if the trade is triggered and the market moves up but then stalls and goes sideways.

Entry Price: 869.25
Stop Loss: 845.00
Profit Targets: First profit target 897.00. Second profit target 924.00. Once price reaches the first profit target raise the stop loss to breakeven.

Disclaimer: The writer owns Litecoin, 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...

3.8 stars on average, based on 18 rated postsI am the founder of VirtuesTrading.com, where traders can learn to use my Virtues Trading System. Formerly a Commodity Trading Advisor, I got my start in the Energy and Precious Metals Options & Futures pits of the New York Mercantile Exchange. I operate on the premise of efficient markets, the management of risk through the analyzation of price action and technical indicators. I have a BA in International Relations from the University of Southern California.




Feedback or Requests?

Continue Reading

Recommendations

Trade Recommendation: Huntercoin

Published

on

The Huntercoin/Bitcoin (HUC/BTC) market exhausted its bull run on June 21, 2017 when it generated a lower high of 0.000115. Things took a turn to the worse when it broke support of 0.00006 on July 7. Since then, the pair generated consecutive lower highs and lower lows until it finally established a bottom at 0.00001003 on October 23. At this price level, the market shed over 91% of its value from the lower high of 0.000115.

// -- Discuss and ask questions in our community on Workplace.

HUC/BTC consolidated for a couple of months until it surged on December 23, and took out resistance of 0.00002. The breakout was so strong that it went as high as 0.00004084 on January 12, 2018. Breakout players exploited the ascent which ignited massive profit taking. Consequently, the market dipped, and went as low as 0.00001816 on February 6. This pullback is your opportunity to enter the market at the early stages of a possible bull run.

Technical analysis reveal that the Huntercoin/Bitcoin market is creating a bullish higher low setup at 0.00002. At this price point, breakout players have most likely sold all of their positions. The thin trading volume over the last seven days supports this assumption. In addition, volume surged on February 8 after the market went below 0.00002. This indicates that bulls are prepared to defend the new support level.  

The strategy is to buy as close to 0.00002 as possible. If bulls claim 0.00002, the market will likely use it to reach our target of 0.00004. The process may take a month.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Daily Chart of Huntercoin/Bitcoin on Poloniex

As of this writing, the Huntercoin/Bitcoin pair is trading at 0.00002148 on Poloniex.

Summary of Strategy

Buy: As close to 0.00002 as possible.

Target: 0.00004

Stop:  0.000018

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...

4.3 stars on average, based on 68 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