Crypto the Bitcoin Algorithm Charting Model Newsletter including Specific Time Cycle Price Targets and Buy / Sell Triggers Monday May 21, 2018.

Charts for $BTC $BTCUSD $XBTUSD $XBT $BTC.X $ETH $LTC $XRP #Bitcoin #Crypto

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD (Bitcoin swaps) model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • Our 24 hour crypto trading desk was launched May 15. This team of three is also responsible for the development and coding of our algorithms and alerting to realtime Twitter alert feeds. Read more here; https://compoundtrading.com/whats-new-at-compound-trading-april-may-2018/
  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Bitcoin Trade: 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.

Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Bitcoin Algorithm (Daily Chart – Swing Trading):

Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

Algorithm Model on the Daily Bitcoin Chart: 

Bitcoin Daily Chart is still in uptrend. Recent price action sideways however. 507 AM May 21 2018 $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/Q7zdk1DI-Bitcoin-Daily-Chart-is-still-in-uptrend-Recent-price-action-sid/

Price Targets on Daily Chart Model:

Trading 8515.00 intraday;

May 21 Bitcoin Price Targets:

Bearish 5824.00

Moderate 9808.00

Bullish 13821.00

July 4 Bitcoin Price Targets:

Bearish 9808.00

Moderate 13821.00

Bullish 17745.00

Bitcoin, daily, chart, algorithm, $BTC, $XBTUSD

Bitcoin Daily Chart is still in uptrend. 50 MA tested as support. Price targets are in play. May 13 2018 $BTC $XBTUSD #Bitcoin

Observations / Chart Indicators: Trading Plan for Current Area of Bitcoin Trade:

May 21 – Trade is in sideways action recently but still in uptrend channel.

Per recent;

May 13 – The mid channel quad (horizontal fib) held price down and a retrace occurred.

The Bitcoin daily chart is still in the uptrend channel. Trading under the mid channel line (green dotted), so it is likely to near the bottom of the uptrending channel (yellow line arrow). But not likely to hit it perfectly as it is in an uptrend. It is likely to continue up prior to trade hitting the bottom of the channel. The opposite is true in down trends.

When price dumped it cradled in the 50 MA and bounced. Before a return to the bottom of the channel (per above paragraph) it is probable that trade will stay bullish in to that target in the 9808.00 region on May 21, this is a decent return considering intra-day trade at 8645.00 today. However, if price is lost to the downside of the 50 MA then a target hit is unlikely.

Those are your probabilities and my personal trading plan specific to the day model.

Daytrading Bitcoin – 30 Minute Charting

May 21 Price Targets:

Most bullish 9867.60 

Moderate Bullish 8869.30

Bearish 7879.30

Most Bearish 6046.00

May 21 Daytrading 30 Min Chart that our machine trading team is using intra. $BTC $XBTUSD #bitcoin #crypto #trading

Bitcoin, algorithm, machine trading, $BTC

Bitcoin Daytrading 30 Min Chart that our machine trading team is using intra. $BTC $XBTUSD #bitcoin #crypto #trading

Per recent;

Bitcoin trade needs the 200 MA that’s overhead and 8873.00 mid quad to get higher short term. 130PM May 13 2018 $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/KTRK3ywy-Bitcoin-trade-needs-the-200-MA-that-s-overhead-and-8873-00-mid-q/

Bitcoin, trade, $BTC, $XBTUSD, daytraading, algorithm

Bitcoin trade needs the 200 MA that’s overhead and 8873.00 mid quad to get higher short term. 130PM May 13 2018 $BTC $XBTUSD #Bitcoin

Per recent;

May 10 – Bitcoin daytrading model on 30 minute chart. Near 200 MA breach intraday. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/h4FNmwVs-Bitcoin-daytrading-model-on-30-minute-chart-Near-200-MA-breach/

$BTC, daytrading, algorithm, chart

Bitcoin daytrading model on 30 minute chart. Near 200 MA breach intraday. $BTC $XBTUSD #Bitcoin

Per recent;

April 29 – Most bullish price target 9867.00 April 28 scenario didn’t quite hit… next time cycle Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/6VN69FR6-Most-bullish-price-target-9867-00-May-28-scenario-didn-t-quite-h/

Bitcoin, daytrading, model

Most bullish price target 9867.00 May 28 scenario didn’t quite hit… next time cycle Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

Recent Bitcoin Real-Time Trade Alerts / Charting Set-up Alerts

If you are reviewing this newsletter (as a historical unlocked post) and not a member of our service and would like a tour of our private discord server (trading chat / alerts etc) or our private Twitter member $BTC alert feed let us know. You can check out our call rate for yourself. Transparent trading is important to us.

May 21 – I will update recent alerts soon.

Intra bottom call. White arrow – alert sent. Green arrow – buy trigger. Red arrow – resistance (mid quad) on chart per alert sent. $BTC $XTUSD #Bitcoin #Cryptotrading

May 13 – Will post recent alerts soon when time allows.

Per recent;

April 29 – There have been many calls since bottom on our private server and private twitter feed… I’m not going to take the time to post them here right now but I will post this rant of tweets… the private member alerts I’ll post next report if time (they were all spot on alerts).

I even told ya how I knew where the bottom was. $BTC #Bitcoin #algorithm

I even told ya how I knew where the bottom was. $BTC #Bitcoin #algorithm

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading screenshot

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading screenshot

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading

$BTC near HOD and some bullish action on intra. Tweet screen shot.

$BTC near HOD and some bullish action on intra. Tweet screen shot.

$BTC near HOD and some bullish action on intra. $BTC #bitcoin #calls

$BTC near HOD and some bullish action on intra. $BTC #bitcoin #calls

Technical precision trading. Price target hit perfect on daytrading algorithm model charting. $BTC $XBT #Bitcoin #Crypto #Trading

Bitcoin, price, target, hit, alert

Technical precision trading. Price target hit perfect on daytrading algorithm model charting. $BTC $XBT #Bitcoin #Crypto #Trading

Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin

Bitcoin, realtime, trade, alert

Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin

$BTC Bitcoin popped now 400 points since alert of support. Not a bad RR here for long test. If nothing else a day trade.

Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. We start trading live again Monday so I’ll broadcast our trading group moves live for this setup. $BTC #Bitcoin #trading #crypto (alerted in private member Discord server)

Bitcoin, trading, timecycle, chart

Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. $BTC #Bitcoin #trading #crypto.png

And the result…. price is dumping in to lower target identified on trade alert…. intrad-day getting close. Charting wins. Trader bias not so good on this one.

price tragets, Bitcoin

Bitcoin did dump in to down target.

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

Ethereum Daily Chart – Uptrend channel in play. Buy sell triggers at white arrows. Has 200 MA. Quad test on deck. $ETH $ETHUSD

https://www.tradingview.com/chart/ETHUSD/uLkMwbKR-Ethereum-Daily-Chart-Uptrend-channel-in-play-Buy-sell-trigger/

$ETH, Ethereum, algorithm, chart

Ethereum Daily Chart – Uptrend channel in play. Buy sell triggers at white arrows. Has 200 MA. Quad test on deck. $ETH $ETHUSD

Per recent;

Ethereum Daily Chart – Bounced before mid quad – bulls are in – channel in play. Main buy sell triggers noted with white arrows. $ETH $ETHUSD

Ethereum continues to be one of the most structured daily charts on any market. Love it. Very predictable trade. #algorithm #models $ETHUSD #crypto $STUDY

https://www.tradingview.com/chart/ETHUSD/9ohNQFqv-Ethereum-Daily-Chart-Bounced-before-mid-quad-bulls-are-in/

$ETHUSD, Ethereum, Algorithm

Ethereum Daily Chart – Bounced before mid quad – bulls are in – channel in play. Main buy sell triggers noted with white arrows. $ETH $ETHUSD

Per recent;

May 10 – Ethereum Daily Chart – One of my favs on any market. Channel working. Main buy sell triggers noted with white arrows. $ETH $ETHUSD

https://www.tradingview.com/chart/ETHUSD/OQA1VBrX-Ethereum-Daily-Chart-One-of-my-favs-on-any-market-Channel-wor/

$ETHUSD, $ETH, Daily, Chart, Algorithm

Ethereum Daily Chart – One of my favs on any market. Channel working. Main buy sell triggers noted with white arrows. $ETH $ETHUSD

Litecoin Basic Algorithm Charting Model

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

May 21 – No significant change in charting, use previous link below. It has lost the lower channel support, is significantly under 200 MA and bearish unless it regains at minimum lower channel support.

Litecoin still holding near bottom range of channel but it doesn’t look great – to be determined. May 13 147 PM $LTC $LTCUSD

https://www.tradingview.com/chart/LTCUSD/YTMcvadh-Litecoin-still-holding-near-bottom-range-of-channel-but-it-doesn/

$LTC, algorithm, Litecoin

Litecoin still holding near bottom range of channel but it doesn’t look great – to be determined. May 13 147 PM $LTC $LTCUSD

May 10 – Litecoin still running bottom of algorithmic channel charted long in advance of trade in that area. $LTC

https://www.tradingview.com/chart/LTCUSD/wh7zibon-Litecoin-still-running-bottom-of-algorithmic-channel-charted-lon/

$LTC, algorithm, chart

Litecoin still running bottom of algorithmic channel charted long in advance of trade in that area. $LTC

Ripple Basic Algorithm Charting Model $XRP

May 21 – No noteworthy change in charting – use link below.

May 13 – Ripple needs .932 for a chance for a bullish structured run. $XRP $XRPUSD.

https://www.tradingview.com/chart/XRPUSD/Bh8cPwbQ-Ripple-needs-932-for-a-chance-for-a-bullish-structured-run-XR/

I put some tighter time from Fib structure in the model for those that asked for daytrading signals.

$XRP. algorithm

Ripple needs .932 for a chance for a bullish structured run. $XRP $XRPUSD

Per recent;

May 10 – Nothing to report. Flat.

April 29 – $XRP flat but over 200 MA on daily.

BUT still great returns from 40s to near 90s WOW.

https://www.tradingview.com/chart/XRPUSD/0aDABOJz-XRP-flat-but-over-200-MA-on-daily/

$XRP flat but over 200 MA on daily.

Per recent;

April 22 – $XRP over .888 targets 1.31 then 1.65 mid term. Daytrading model on -deck. #ripple

https://www.tradingview.com/chart/XRPUSD/zIn8bXCj-XRP-over-888-targets1-31-then-1-65-mid-term-Daytrading-model/

$XRP, price targets, chart, Ripple

$XRP over .888 targets1.31 then 1.65 mid term. Daytrading model on -deck. #ripple

< End of report >

Any questions give us a shout anytime!

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Live Twitter Alert Feed for Bitcoin Trade Set-ups: @BTCAlerts_CT, Public Feed: @cryptothealgo

To Subscribe to our Crypto Services:

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Review historical (unlocked to public) Weekly Bitcoin Newsletter Algorithm Reporting. Scroll down landing page to get to historical reports.

Post topics; Crypto, chart, $BTC, $BTCUSD, $XBTUSD, $BTC.X, $ETH, $LTC, $XRP, Bitcoin, trade, price targets, time cycles, algorithm


Crypto the Bitcoin Algorithm Charting Model Newsletter including Specific Time Cycle Price Targets and Buy / Sell Triggers Sunday May 13, 2018.

Charts for $BTC $BTCUSD $XBTUSD $XBT $BTC.X $ETH $LTC $XRP #Bitcoin #Crypto

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD (Bitcoin swaps) model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • We are launching our 24 hour crypto trading desk May 15. This team of three will also be responsible for the development and coding of our algorithms and alerting to realtime Twitter alert feeds. Read more here; https://compoundtrading.com/whats-new-at-compound-trading-april-may-2018/
  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Bitcoin Trade: 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.

Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Bitcoin Algorithm (Daily Chart – Swing Trading):

Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

Algorithm model on the Daily Bitcoin Chart: 

Bitcoin Daily Chart is still in uptrend. 50 MA tested as support. Price targets are in play. May 13 2018 $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/Zb6Gqv95-Bitcoin-Daily-Chart-is-still-in-uptrend-50-MA-tested-as-support/

Price Targets on Daily Chart Model:

Trading 8645.00 intraday;

May 21 Bitcoin Price Targets:

Bearish 5824.00

Moderate 9808.00

Bullish 13821.00

July 4 Bitcoin Price Targets:

Bearish 9808.00

Moderate 13821.00

Bullish 17745.00

Bitcoin, daily, chart, algorithm, $BTC, $XBTUSD

Bitcoin Daily Chart is still in uptrend. 50 MA tested as support. Price targets are in play. May 13 2018 $BTC $XBTUSD #Bitcoin

Observations / Chart Indicators: Trading Plan for Current Area of Bitcoin Trade:

May 13 – The mid channel quad (horizontal fib) held price down and a retrace occurred.

The Bitcoin daily chart is still in the uptrend channel. Trading under the mid channel line (green dotted), so it is likely to near the bottom of the uptrending channel (yellow line arrow). But not likely to hit it perfectly as it is in an uptrend. It is likely to continue up prior to trade hitting the bottom of the channel. The opposite is true in down trends.

When price dumped it cradled in the 50 MA and bounced. Before a return to the bottom of the channel (per above paragraph) it is probable that trade will stay bullish in to that target in the 9808.00 region on May 21, this is a decent return considering intra-day trade at 8645.00 today. However, if price is lost to the downside of the 50 MA then a target hit is unlikely.

Those are your probabilities and my personal trading plan specific to the day model.

Daytrading Bitcoin – 30 Minute Charting

May 21 Price Targets:

Most bullish 9867.60 

Moderate Bullish 8869.30

Bearish 7879.30

Most Bearish 6046.00

Bitcoin trade needs the 200 MA that’s overhead and 8873.00 mid quad to get higher short term. 130PM May 13 2018 $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/KTRK3ywy-Bitcoin-trade-needs-the-200-MA-that-s-overhead-and-8873-00-mid-q/

Bitcoin, trade, $BTC, $XBTUSD, daytraading, algorithm

Bitcoin trade needs the 200 MA that’s overhead and 8873.00 mid quad to get higher short term. 130PM May 13 2018 $BTC $XBTUSD #Bitcoin

Per recent;

May 10 – Bitcoin daytrading model on 30 minute chart. Near 200 MA breach intraday. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/h4FNmwVs-Bitcoin-daytrading-model-on-30-minute-chart-Near-200-MA-breach/

$BTC, daytrading, algorithm, chart

Bitcoin daytrading model on 30 minute chart. Near 200 MA breach intraday. $BTC $XBTUSD #Bitcoin

Per recent;

April 29 – Most bullish price target 9867.00 April 28 scenario didn’t quite hit… next time cycle Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/6VN69FR6-Most-bullish-price-target-9867-00-May-28-scenario-didn-t-quite-h/

Bitcoin, daytrading, model

Most bullish price target 9867.00 May 28 scenario didn’t quite hit… next time cycle Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

April 22 – Bullish scenario price target 9867.00 possible April 28 on Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/nw3oiYLw-Bullish-scenario-price-target-9867-00-possible-May-28-on-Bitcoin/

Price target, Bitcoin, daytrading, chart

Bullish scenario price target 9867.00 possible April 28 on Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

Recent Bitcoin Real-Time Trade Alerts / Charting Set-up Alerts

If you are reviewing this newsletter (as a historical unlocked post) and not a member of our service and would like a tour of our private discord server (trading chat / alerts etc) or our private Twitter member $BTC alert feed let us know. You can check out our call rate for yourself. Transparent trading is important to us.

May 13 – Will post recent alerts soon when time allows.

Per recent;

April 29 – There have been many calls since bottom on our private server and private twitter feed… I’m not going to take the time to post them here right now but I will post this rant of tweets… the private member alerts I’ll post next report if time (they were all spot on alerts).

I even told ya how I knew where the bottom was. $BTC #Bitcoin #algorithm

I even told ya how I knew where the bottom was. $BTC #Bitcoin #algorithm

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading screenshot

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading screenshot

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading

$BTC near HOD and some bullish action on intra. Tweet screen shot.

$BTC near HOD and some bullish action on intra. Tweet screen shot.

$BTC near HOD and some bullish action on intra. $BTC #bitcoin #calls

$BTC near HOD and some bullish action on intra. $BTC #bitcoin #calls

Technical precision trading. Price target hit perfect on daytrading algorithm model charting. $BTC $XBT #Bitcoin #Crypto #Trading

Bitcoin, price, target, hit, alert

Technical precision trading. Price target hit perfect on daytrading algorithm model charting. $BTC $XBT #Bitcoin #Crypto #Trading

Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin

Bitcoin, realtime, trade, alert

Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin

$BTC Bitcoin popped now 400 points since alert of support. Not a bad RR here for long test. If nothing else a day trade.

Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. We start trading live again Monday so I’ll broadcast our trading group moves live for this setup. $BTC #Bitcoin #trading #crypto (alerted in private member Discord server)

Bitcoin, trading, timecycle, chart

Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. $BTC #Bitcoin #trading #crypto.png

And the result…. price is dumping in to lower target identified on trade alert…. intrad-day getting close. Charting wins. Trader bias not so good on this one.

price tragets, Bitcoin

Bitcoin did dump in to down target.

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

Ethereum Daily Chart – Bounced before mid quad – bulls are in – channel in play. Main buy sell triggers noted with white arrows. $ETH $ETHUSD

Ethereum continues to be one of the most structured daily charts on any market. Love it. Very predictable trade. #algorithm #models $ETHUSD #crypto $STUDY

https://www.tradingview.com/chart/ETHUSD/9ohNQFqv-Ethereum-Daily-Chart-Bounced-before-mid-quad-bulls-are-in/

$ETHUSD, Ethereum, Algorithm

Ethereum Daily Chart – Bounced before mid quad – bulls are in – channel in play. Main buy sell triggers noted with white arrows. $ETH $ETHUSD

Per recent;

May 10 – Ethereum Daily Chart – One of my favs on any market. Channel working. Main buy sell triggers noted with white arrows. $ETH $ETHUSD

https://www.tradingview.com/chart/ETHUSD/OQA1VBrX-Ethereum-Daily-Chart-One-of-my-favs-on-any-market-Channel-wor/

$ETHUSD, $ETH, Daily, Chart, Algorithm

Ethereum Daily Chart – One of my favs on any market. Channel working. Main buy sell triggers noted with white arrows. $ETH $ETHUSD

Per recent;

April 29 – Ethereum coming up on 100 MA resistance, trim in to it and add above. $ETH

https://www.tradingview.com/chart/ETHUSD/hBr0bcky-Ethereum-May-2-price-target-hit-early-If-channel-reversal-holds/

Ethereum coming up on 100 MA resistance, trim in to it and add above. $ETH

Litecoin Basic Algorithm Charting Model

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

Litecoin still holding near bottom range of channel but it doesn’t look great – to be determined. May 13 147 PM $LTC $LTCUSD

https://www.tradingview.com/chart/LTCUSD/YTMcvadh-Litecoin-still-holding-near-bottom-range-of-channel-but-it-doesn/

$LTC, algorithm, Litecoin

Litecoin still holding near bottom range of channel but it doesn’t look great – to be determined. May 13 147 PM $LTC $LTCUSD

May 10 – Litecoin still running bottom of algorithmic channel charted long in advance of trade in that area. $LTC

https://www.tradingview.com/chart/LTCUSD/wh7zibon-Litecoin-still-running-bottom-of-algorithmic-channel-charted-lon/

$LTC, algorithm, chart

Litecoin still running bottom of algorithmic channel charted long in advance of trade in that area. $LTC

Per recent;

April 29 – $LTC running bottom side of channel testing 200 MA upside resistance.

https://www.tradingview.com/chart/LTCUSD/t8Yjsog9-LTC-running-bottom-side-of-channel-testing-200-MA-upside-resist/

$LTC running bottom side of channel testing 200 MA upside resistance.

Ripple Basic Algorithm Charting Model $XRP

May 13 – Ripple needs .932 for a chance for a bullish structured run. $XRP $XRPUSD.

I put some tighter time from Fib structure in the model for those that asked for daytrading signals.

$XRP. algorithm

Ripple needs .932 for a chance for a bullish structured run. $XRP $XRPUSD

Per recent;

May 10 – Nothing to report. Flat.

April 29 – $XRP flat but over 200 MA on daily.

BUT still great returns from 40s to near 90s WOW.

https://www.tradingview.com/chart/XRPUSD/0aDABOJz-XRP-flat-but-over-200-MA-on-daily/

$XRP flat but over 200 MA on daily.

Per recent;

April 22 – $XRP over .888 targets 1.31 then 1.65 mid term. Daytrading model on -deck. #ripple

https://www.tradingview.com/chart/XRPUSD/zIn8bXCj-XRP-over-888-targets1-31-then-1-65-mid-term-Daytrading-model/

$XRP, price targets, chart, Ripple

$XRP over .888 targets1.31 then 1.65 mid term. Daytrading model on -deck. #ripple

 

< End of report >

Any questions give us a shout anytime!

Follow Me:

Live Twitter Alert Feed for Bitcoin Trade Set-ups: @BTCAlerts_CT, Public Feed: @cryptothealgo

To Subscribe to our Crypto Services:

Link to Services and Pricing Overview (master list).

Link to Standalone $BTC Crypto Newsletter.

Link to Real-Time Live Bitcoin Alerts (Twitter).

Link to Crypto Bundle (Alerts, Private Trading Discord Server, Newsletter).

Review historical (unlocked to public) Weekly Bitcoin Newsletter Algorithm Reporting. Scroll down landing page to get to historical reports.

Post topics; Crypto, chart, $BTC, $BTCUSD, $XBTUSD, $BTC.X, $ETH, $LTC, $XRP, Bitcoin, trade, price targets, time cycles, algorithm


Crypto the Bitcoin Algorithm Charting Model Newsletter including Specific Time Cycle Price Targets and Buy / Sell Triggers Thursday May 10, 2018. Charts for $BTC $BTCUSD $XBTUSD $XBT $BTC.X $ETH $LTC $XRP #Bitcoin #Crypto

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • Our apologies for the late reporting this week (although all models are still current but some near expiry). Next week we expect to be on time. We had students in for trade coaching and our new crypto desk start-up is taking some work. Also we have our biggest news on deck… can’t say a word at this point however.
  • We are launching our 24 hour crypto trading desk May 15. This team of three will also be responsible for the development and coding of our algorithms. Read more here; https://compoundtrading.com/whats-new-at-compound-trading-april-may-2018/
  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Bitcoin Trade: 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.

Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Bitcoin Algorithm Live Charting Link:

Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

Algorithm model on the Daily Bitcoin Chart: 

Bitcoin Daily. Channel break continues to firm up, reversal channel up scenario, needs bottom channel test to confirm. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/BmGGyG7l-Bitcoin-Daily-Channel-break-continues-to-firm-up-reversal-chan/

Trading 9338.50 intra;

May 21 Bitcoin Price Targets:

Bearish 5824.00

Moderate 9808.00

Bullish 13821.00

July 4 Bitcoin Price Targets:

Bearish 9808.00

Moderate 13821.00

Bullish 17745.00

$BTC, $XBTUSD, Daily, Chart

Bitcoin Daily. Channel break continues to firm up, reversal channel up scenario, needs bottom channel test to confirm. $BTC $XBTUSD #Bitcoin

Per recent;

Bitcoin Daily. Channel break firming up, reversal channel up scenario, new price targets are as shown on chart. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/oWkD9Ta2-Bitcoin-Daily-Channel-break-firming-up-reversal-channel-up-sce/

9837.00 area and then the 200 MA are significant upside resistance. Be sure to trim longs in advance of those points.

$BTC, daily, algorithm, chart

Bitcoin Daily. Channel break firming up, reversal channel up scenario, new price targets are as shown on chart. $BTC $XBTUSD #Bitcoin

Per recent;

Bitcoin Daily. If channel break sees reversal channel up, new price targets are as shown on chart. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/5CXxOwTZ-Bitcoin-Daily-If-channel-break-sees-reversal-channel-up-new-pr/

Trading 8926.00 intra;

May 21 Bitcoin Price Targets:

Bearish 5824.00

Moderate 9808.00

Bullish 13821.00

July 4 Bitcoin Price Targets:

Bearish 9808.00

Moderate 13821.00

Bullish 17745.00

Bitcoin, chart, daily, price targets, time cycles, algorithm

Bitcoin Daily. If channel break sees reversal channel up, new price targets are as shown on chart. $BTC $XBTUSD #Bitcoin

Bitcoin News: Bitcoin Brushes $9,000 As Crypto Markets Continue Making Steady Gains https://cointelegraph.com/news/bitcoin-brushes-9000-as-crypto-markets-continue-making-steady-gains

Per recent;

Algorithm model on the Daily Bitcoin Chart:

Bitcoin up against 50 MA resistance test and near quad wall TL test.

https://www.tradingview.com/chart/XBTUSD/42JPtU4f-Bitcoin-up-againt-50-MA-resistance-test-and-near-quad-wall-TL-te/

Bitcoin, Daily, Chart, 50 MA

https://www.tradingview.com/chart/XBTUSD/42JPtU4f-Bitcoin-up-againt-50-MA-resistance-test-and-near-quad-wall-TL-te/

Per recent;

Bitcoin Daily chart grind down channel hitting mid quad targets. Short side wins. Apr 7 339 PM. $BTC $XBTUSD #bitcoin

Per last report, bearish short side winning as it slowly grinds down this channel hitting the mid quad decision area targets. Bearish until it changes and proves out upside quad wall breach. #Swingtrading Bitcoin down this move has been a fantastic trade. Congrats to the bears here!

https://www.tradingview.com/chart/XBTUSD/M6DBWn7U-Bitcoin-Daily-chart-grind-down-channel-hitting-mid-quad-targets/

Bitcoin, Daily, chart, algorithm, model, BTC

Bitcoin Daily chart grind down channel hitting mid quad targets. Short side wins. Apr 7 339 PM. $BTC $XBTUSD #bitcoin

Observations / Chart Indicators: Current Area of Trade:

April 29 – The upchannel scenario is firming up (8874.00 per last report was held with ease) and confirms if price holds over 9837.00 area. If the upchannel confirms be cautious long if and when price gets up over channel resistance trendline on upside of channel. Any divergence like that should be throttled or shorted short term. It’s a likely scenario if price gets up over 9837.00 area and holds. The machines will kick in hard and human trading will likely trade it divergent to upside of channel resistance.

April 22 – Bitcoin down channel resistance top of channel has been broke to upside on the daily chart model. This is a big deal. IF trade stays above that channel break in the model then the upper price targets are in play (per earlier in post).

On the daytrading model it is important that price hold the mid quad support area in and around 8874.00 for this bullish scenario to play out.

This week will be a big test for the bull side bias I have.

April 7, 2018 – Bitcoin is obviously trading in downward channel on daily chart and until that becomes divergent it is a short. The daytrading model has been functioning well for both sides of trade. When divergence shows I will be alerting that aggressively.

Bitcoin Stoch RSI is trending up signalling new buy flow however MACD and SQZMOM indecisive. $BTC #indicators

Trade bias should be short until all three indicators represent consistent upward trade beyond resistance points.

https://www.tradingview.com/chart/XBTUSD/MjgMDaM8-Bitcoin-Stoch-RSI-is-trending-up-signalling-new-buy-flow-however/

Bitcoin, chart, indicators

Bitcoin Stoch RSI is trending up signalling new buy flow however MACD and SQZMOM indecisive. $BTC #indicators

Per recent;

Crypto $BTC, $ETH, $XRP, $LTC #cryptocurrency #technicalanalysis

Key Bitcoin Buy / Sell Price Trigger Levels:

Mar 26 – 4956.2, 5319, 5639, 5826, 6860, 7880, 8198, 9827.60, 11486.20, 11689, 12844, 13783

Bitcoin Trading Plan (misc notes as applicable)

May 10 – I should add to the April 29 note below that anytime price gains a mid quad or loses a mid quad this is also a great place to long or short on the daily model (or any model for that matter).

April 29 – Now that the upchannel scenario is likely the daily charting model becomes critical for position sizing. Longs in size should occur at or near the bottom of channel and trims should occur any time trade gets near top side of channel or at important resistance areas in the models.

Per recent;

April 22 – Trade since our bottom call (that worked out perfectly) has been getting better and better as the charting builds more and more structure and subsequent strength. My personal Bitcoin trading plan is to trade the daytrading model support and resistance lines trimming in advance of each resistance and adding above and using the daytrading model as a guide for significant adds and trims as trade goes along.

Per recent;

April 7 – Mirroring what the charting and notes above is saying… until significant divergence to charting occurs to upside I’m forced to remain bearish bias and daytrade the 30 minute model primarily.

Per recent;

200 MA test on daily chart failed with possible bounce on daytrading 30 min chart…. watching… but it is under pressure.

Per recent;

March 19 – Current trade bias is long to target concluding at upward target along TL quad trendline. Watch 200 MA test and mid quad resistance test. 9757 Apr 7 target on model.

Daytrading Bitcoin

May 10 – Bitcoin daytrading model on 30 minute chart. Near 200 MA breach intraday. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/h4FNmwVs-Bitcoin-daytrading-model-on-30-minute-chart-Near-200-MA-breach/

May 21 Price Targets:

Most bullish 10866.70

Moderate 9867.60 (my trading plan bias)

Bearish 8869.30

Most Bearish 7879.30

$BTC, daytrading, algorithm, chart

Bitcoin daytrading model on 30 minute chart. Near 200 MA breach intraday. $BTC $XBTUSD #Bitcoin

Per recent;

April 29 – Most bullish price target 9867.00 April 28 scenario didn’t quite hit… next time cycle Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/6VN69FR6-Most-bullish-price-target-9867-00-May-28-scenario-didn-t-quite-h/

Bitcoin, daytrading, model

Most bullish price target 9867.00 May 28 scenario didn’t quite hit… next time cycle Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

April 22 – Bullish scenario price target 9867.00 possible April 28 on Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/nw3oiYLw-Bullish-scenario-price-target-9867-00-possible-May-28-on-Bitcoin/

Price target, Bitcoin, daytrading, chart

Bullish scenario price target 9867.00 possible April 28 on Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

April 16 – Bitcoin coming in to price target on our daytrading model. $BTC #Bitcoin $XBT

https://www.tradingview.com/chart/XBTUSD/4d1h3Jv9-Bitcoin-coming-in-to-price-target-on-our-daytrading-model-BTC/

Bitcoin $BTC, daytrading algorithm

Bitcoin coming in to price target on our daytrading model. $BTC #Bitcoin $XBT

Per recent;

April 7 – Bitcoin 5.81% Daytrading 30 Min Chart above 200 MA upside target preferred. Consolidating. Apr 0.33% 7 256 PM. $BTC $XBTUSD #bitcoin

The daytrading model is showing consolidation here but in no way should a short time-frame model form a trader’s bias going forward – short term bias, but not trend directional bias.

https://www.tradingview.com/chart/XBTUSD/LzBptzub-Bitcoin-Daytrading-30-Min-Chart-above-200-MA-upside-target-prefe/

Recent Bitcoin Real-Time Trade Alerts / Charting Set-up Alerts

If you are reviewing this newsletter (as a historical unlocked post) and not a member of our service and would like a tour of our private discord server (trading chat / alerts etc) or our private Twitter member $BTC alert feed let us know. You can check out our call rate for yourself. Transparent trading is important to us.

May 10 – Will post recent alerts when time allows.

Per recent;

April 29 – There have been many calls since bottom on our private server and private twitter feed… I’m not going to take the time to post them here right now but I will post this rant of tweets… the private member alerts I’ll post next report if time (they were all spot on alerts).

I even told ya how I knew where the bottom was. $BTC #Bitcoin #algorithm

 

I even told ya how I knew where the bottom was. $BTC #Bitcoin #algorithm

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading screenshot

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading screenshot

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading

$BTC near HOD and some bullish action on intra. Tweet screen shot.

$BTC near HOD and some bullish action on intra. Tweet screen shot.

$BTC near HOD and some bullish action on intra. $BTC #bitcoin #calls

$BTC near HOD and some bullish action on intra. $BTC #bitcoin #calls

Technical precision trading. Price target hit perfect on daytrading algorithm model charting. $BTC $XBT #Bitcoin #Crypto #Trading

Bitcoin, price, target, hit, alert

Technical precision trading. Price target hit perfect on daytrading algorithm model charting. $BTC $XBT #Bitcoin #Crypto #Trading

Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin

Bitcoin, realtime, trade, alert

Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin

$BTC Bitcoin popped now 400 points since alert of support. Not a bad RR here for long test. If nothing else a day trade.

Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. We start trading live again Monday so I’ll broadcast our trading group moves live for this setup. $BTC #Bitcoin #trading #crypto (alerted in private member Discord server)

Bitcoin, trading, timecycle, chart

Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. $BTC #Bitcoin #trading #crypto.png

And the result…. price is dumping in to lower target identified on trade alert…. intrad-day getting close. Charting wins. Trader bias not so good on this one.

price tragets, Bitcoin

Bitcoin did dump in to down target.

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

May 10 – Ethereum Daily Chart – One of my favs on any market. Channel working. Main buy sell triggers noted with white arrows. $ETH $ETHUSD

https://www.tradingview.com/chart/ETHUSD/OQA1VBrX-Ethereum-Daily-Chart-One-of-my-favs-on-any-market-Channel-wor/

$ETHUSD, $ETH, Daily, Chart, Algorithm

Ethereum Daily Chart – One of my favs on any market. Channel working. Main buy sell triggers noted with white arrows. $ETH $ETHUSD

Per recent;

April 29 – Ethereum coming up on 100 MA resistance, trim in to it and add above. $ETH

https://www.tradingview.com/chart/ETHUSD/hBr0bcky-Ethereum-May-2-price-target-hit-early-If-channel-reversal-holds/

Ethereum coming up on 100 MA resistance, trim in to it and add above. $ETH

Per recent;

April 22 – ETH has regained the 200 MA on daily (bullish signal) and a channel reversal may be possible here.

Ethereum May 2 price target hit early. If channel reversal holds look to new price targets for May 2 and June 11. $ETH #Ethereum #crypto

$ETH May 2 target hit early. $ETH now targets May 2 time cycle peak Moderate 623.07 and 826.59 bullish
$ETH June 11 time price cycle peak if channel turn holds targets 1030.08 bullish, 826.59 moderate, 623.07 bearish.

https://www.tradingview.com/chart/ETHUSD/hBr0bcky-Ethereum-May-2-price-target-hit-early-If-channel-reversal-holds/

$ETH, Ethereum, chart, algorithm, price targets

Ethereum May 2 price target hit early. If channel reversal holds look to new price targets for May 2 and June 11. $ETH #Ethereum #crypto

Ethereum News: The Code for Ethereum’s Consensus Change Is Now Ready for Review

https://www.coindesk.com/the-code-for-ethereums-consensus-change-is-now-ready-for-review/

April 17 – $ETH about to test 50 MA for 623.07 price target May 5

https://www.tradingview.com/chart/ETHUSD/TYm85p9O-ETH-about-to-test-50-MA-for-623-07-price-target-May-5/

$ETH

$ETH about to test 50 MA for 623.07 price target May 5

Litecoin Basic Algorithm Charting Model

May 10 – Litecoin still running bottom of algorithmic channel charted long in advance of trade in that area. $LTC

https://www.tradingview.com/chart/LTCUSD/wh7zibon-Litecoin-still-running-bottom-of-algorithmic-channel-charted-lon/

$LTC, algorithm, chart

Litecoin still running bottom of algorithmic channel charted long in advance of trade in that area. $LTC

Per recent;

April 29 – $LTC running bottom side of channel testing 200 MA upside resistance.

https://www.tradingview.com/chart/LTCUSD/t8Yjsog9-LTC-running-bottom-side-of-channel-testing-200-MA-upside-resist/

$LTC running bottom side of channel testing 200 MA upside resistance.

Per recent;

April 22 – $LTC channel support held, bounce, in to 200 MA test. #Litecoin

https://www.tradingview.com/chart/LTCUSD/iMpJ27TV-LTC-channel-support-held-bounce-in-to-200-MA-test-Litecoin/

$LTC, Litcoin, chart, 200 MA, resistance

https://www.tradingview.com/chart/LTCUSD/iMpJ27TV-LTC-channel-support-held-bounce-in-to-200-MA-test-Litecoin/

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

Ripple Basic Algorithm Charting Model $XRP

May 10 – Nothing to report. Flat.

April 29 – $XRP flat but over 200 MA on daily.

BUT still great returns from 40s to near 90s WOW.

https://www.tradingview.com/chart/XRPUSD/0aDABOJz-XRP-flat-but-over-200-MA-on-daily/

$XRP flat but over 200 MA on daily.

Per recent;

April 22 – $XRP over .888 targets 1.31 then 1.65 mid term. Daytrading model on -deck. #ripple

https://www.tradingview.com/chart/XRPUSD/zIn8bXCj-XRP-over-888-targets1-31-then-1-65-mid-term-Daytrading-model/

$XRP, price targets, chart, Ripple

$XRP over .888 targets1.31 then 1.65 mid term. Daytrading model on -deck. #ripple

April 17 – $XRP following underside of 200 MA

https://www.tradingview.com/chart/XRPUSD/gNcO0kN6-XRP-following-underside-of-200-MA/

$XRP

$XRP following underside of 200 MA

April 7 – Ripple trade remains non existent on Daily chart. $XRP

$XRP, Ripple, chart

Ripple trade remains non existant on Daily chart. $XRP

< End of report >

Any questions give us a shout anytime!

Follow Me:

Live Twitter Alert Feed for Bitcoin Trade Set-ups: @BTCAlerts_CT, Public Feed: @cryptothealgo

To Subscribe to our Crypto Services:

Link to Services and Pricing Overview (master list).

Link to Standalone $BTC Crypto Newsletter.

Link to Real-Time Live Bitcoin Alerts (Twitter).

Link to Crypto Bundle (Alerts, Private Trading Discord Server, Newsletter).

Review historical (unlocked to public) Weekly Bitcoin Newsletter Algorithm Reporting. Scroll down landing page to get to historical reports.

Post topics; Crypto, chart, $BTC, $BTCUSD, $XBTUSD, $BTC.X, $ETH, $LTC, $XRP, Bitcoin, trade, price targets, time cycles, algorithm


Crypto the Bitcoin Algorithm Charting Model Newsletter including Specific Time Cycle Price Targets and Buy / Sell Triggers Sunday April 29, 2018. Charts for $BTC $BTCUSD $XBTUSD $XBT $BTC.X $ETH $LTC $XRP #Bitcoin #Crypto

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • We are launching our 24 hour crypto trading desk. This team of three will also be responsible for the development and coding of our algorithms. Read more here; https://compoundtrading.com/whats-new-at-compound-trading-april-may-2018/
  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Bitcoin Trade: 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.

Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Bitcoin Algorithm Live Charting Link:

Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

Algorithm model on the Daily Bitcoin Chart: 

Bitcoin Daily. Channel break firming up, reversal channel up scenario, new price targets are as shown on chart. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/oWkD9Ta2-Bitcoin-Daily-Channel-break-firming-up-reversal-channel-up-sce/

9837.00 area and then the 200 MA are significant upside resistance. Be sure to trim longs in advance of those points.

$BTC, daily, algorithm, chart

Bitcoin Daily. Channel break firming up, reversal channel up scenario, new price targets are as shown on chart. $BTC $XBTUSD #Bitcoin

Per recent;

Bitcoin Daily. If channel break sees reversal channel up, new price targets are as shown on chart. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/5CXxOwTZ-Bitcoin-Daily-If-channel-break-sees-reversal-channel-up-new-pr/

Trading 8926.00 intra;

May 21 Bitcoin Price Targets:

Bearish 5824.00

Moderate 9808.00

Bullish 13821.00

July 4 Bitcoin Price Targets:

Bearish 9808.00

Moderate 13821.00

Bullish 17745.00

Bitcoin, chart, daily, price targets, time cycles, algorithm

Bitcoin Daily. If channel break sees reversal channel up, new price targets are as shown on chart. $BTC $XBTUSD #Bitcoin

Bitcoin News: Bitcoin Brushes $9,000 As Crypto Markets Continue Making Steady Gains https://cointelegraph.com/news/bitcoin-brushes-9000-as-crypto-markets-continue-making-steady-gains

Per recent;

Algorithm model on the Daily Bitcoin Chart:

Bitcoin up against 50 MA resistance test and near quad wall TL test.

https://www.tradingview.com/chart/XBTUSD/42JPtU4f-Bitcoin-up-againt-50-MA-resistance-test-and-near-quad-wall-TL-te/

Bitcoin, Daily, Chart, 50 MA

https://www.tradingview.com/chart/XBTUSD/42JPtU4f-Bitcoin-up-againt-50-MA-resistance-test-and-near-quad-wall-TL-te/

Per recent;

Bitcoin Daily chart grind down channel hitting mid quad targets. Short side wins. Apr 7 339 PM. $BTC $XBTUSD #bitcoin

Per last report, bearish short side winning as it slowly grinds down this channel hitting the mid quad decision area targets. Bearish until it changes and proves out upside quad wall breach. #Swingtrading Bitcoin down this move has been a fantastic trade. Congrats to the bears here!

https://www.tradingview.com/chart/XBTUSD/M6DBWn7U-Bitcoin-Daily-chart-grind-down-channel-hitting-mid-quad-targets/

Bitcoin, Daily, chart, algorithm, model, BTC

Bitcoin Daily chart grind down channel hitting mid quad targets. Short side wins. Apr 7 339 PM. $BTC $XBTUSD #bitcoin

Observations / Chart Indicators: Current Area of Trade:

April 22 – The upchannel scenario is firming up (8874.00 per last report was held with ease) and confirms if price holds over 9837.00 area. If the upchannel confirms be cautious long if and when price gets up over channel resistance trendline on upside of channel. Any divergence like that should be throttled or shorted short term. It’s a likely scenario if price gets up over 9837.00 area and holds. The machines will kick in hard and human trading will likely trade it divergent to upside of channel resistance.

April 22 – Bitcoin down channel resistance top of channel has been broke to upside on the daily chart model. This is a big deal. IF trade stays above that channel break in the model then the upper price targets are in play (per earlier in post).

On the daytrading model it is important that price hold the mid quad support area in and around 8874.00 for this bullish scenario to play out.

This week will be a big test for the bull side bias I have.

April 7, 2018 – Bitcoin is obviously trading in downward channel on daily chart and until that becomes divergent it is a short. The daytrading model has been functioning well for both sides of trade. When divergence shows I will be alerting that aggressively.

Bitcoin Stoch RSI is trending up signalling new buy flow however MACD and SQZMOM indecisive. $BTC #indicators

Trade bias should be short until all three indicators represent consistent upward trade beyond resistance points.

https://www.tradingview.com/chart/XBTUSD/MjgMDaM8-Bitcoin-Stoch-RSI-is-trending-up-signalling-new-buy-flow-however/

Bitcoin, chart, indicators

Bitcoin Stoch RSI is trending up signalling new buy flow however MACD and SQZMOM indecisive. $BTC #indicators

Per recent;

Crypto $BTC, $ETH, $XRP, $LTC #cryptocurrency #technicalanalysis

Key Bitcoin Buy / Sell Price Trigger Levels:

Mar 26 – 4956.2, 5319, 5639, 5826, 6860, 7880, 8198, 9827.60, 11486.20, 11689, 12844, 13783

Bitcoin Trading Plan (misc notes as applicable)

April 29 – Now that the upchannel scenario is likely the daily charting model becomes critical for position sizing. Longs in size should occur at or near the bottom of channel and trims should occur any time trade gets near top side of channel or at important resistance areas in the models.

Per recent;

April 22 – Trade since our bottom call (that worked out perfectly) has been getting better and better as the charting builds more and more structure and subsequent strength. My personal Bitcoin trading plan is to trade the daytrading model support and resistance lines trimming in advance of each resistance and adding above and using the daytrading model as a guide for significant adds and trims as trade goes along.

Per recent;

April 7 – Mirroring what the charting and notes above is saying… until significant divergence to charting occurs to upside I’m forced to remain bearish bias and daytrade the 30 minute model primarily.

Per recent;

200 MA test on daily chart failed with possible bounce on daytrading 30 min chart…. watching… but it is under pressure.

Per recent;

March 19 – Current trade bias is long to target concluding at upward target along TL quad trendline. Watch 200 MA test and mid quad resistance test. 9757 Apr 7 target on model.

Per recent;

From here to 13700 range it seems without significant resistance. Trading bias is bullish between moving averages on chart (horizontal lines).

Daytrading Bitcoin

April 29 – Most bullish price target 9867.00 May 28 scenario didn’t quite hit… next time cycle Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/6VN69FR6-Most-bullish-price-target-9867-00-May-28-scenario-didn-t-quite-h/

Bitcoin, daytrading, model

Most bullish price target 9867.00 May 28 scenario didn’t quite hit… next time cycle Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

April 22 – Bullish scenario price target 9867.00 possible April 28 on Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/nw3oiYLw-Bullish-scenario-price-target-9867-00-possible-May-28-on-Bitcoin/

Price target, Bitcoin, daytrading, chart

Bullish scenario price target 9867.00 possible April 28 on Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

April 16 – Bitcoin coming in to price target on our daytrading model. $BTC #Bitcoin $XBT

https://www.tradingview.com/chart/XBTUSD/4d1h3Jv9-Bitcoin-coming-in-to-price-target-on-our-daytrading-model-BTC/

Bitcoin $BTC, daytrading algorithm

Bitcoin coming in to price target on our daytrading model. $BTC #Bitcoin $XBT

Per recent;

April 7 – Bitcoin 5.81% Daytrading 30 Min Chart above 200 MA upside target preferred. Consolidating. Apr 0.33% 7 256 PM. $BTC $XBTUSD #bitcoin

The daytrading model is showing consolidation here but in no way should a short time-frame model form a trader’s bias going forward – short term bias, but not trend directional bias.

https://www.tradingview.com/chart/XBTUSD/LzBptzub-Bitcoin-Daytrading-30-Min-Chart-above-200-MA-upside-target-prefe/

Per recent:

Mar 26 – Per above.

Bitcoin has 200 MA on 30 Min. Bullish bias to target. Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 19 917 PM. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/TV9TkSUD-Bitcoin-has-200-MA-on-30-Min-Bullish-bias-to-target-Bitcoin-Ch/

Bitcoin, daytrading, chart

Bitcoin has 200 MA on 30 Min. Bullish bias to target. Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 19 917 PM. $BTC $XBTUSD #bitcoin

Recent Bitcoin Real-Time Trade Alerts / Charting Set-up Alerts

If you are reviewing this newsletter (as a historical unlocked post) and not a member of our service and would like a tour of our private discord server (trading chat / alerts etc) or our private Twitter member $BTC alert feed let us know. You can check out our call rate for yourself. Transparent trading is important to us.

There have been many calls since bottom on our private server and private twitter feed… I’m not going to take the time to post them here right now but I will post this rant of tweets… the private member alerts I’ll post next report if time (they were all spot on alerts).

I even told ya how I knew where the bottom was. $BTC #Bitcoin #algorithm

I even told ya how I knew where the bottom was. $BTC #Bitcoin #algorithm

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading screenshot

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading screenshot

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading

Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading

$BTC near HOD and some bullish action on intra. Tweet screen shot.

$BTC near HOD and some bullish action on intra. Tweet screen shot.

$BTC near HOD and some bullish action on intra. $BTC #bitcoin #calls

$BTC near HOD and some bullish action on intra. $BTC #bitcoin #calls

Technical precision trading. Price target hit perfect on daytrading algorithm model charting. $BTC $XBT #Bitcoin #Crypto #Trading

Bitcoin, price, target, hit, alert

Technical precision trading. Price target hit perfect on daytrading algorithm model charting. $BTC $XBT #Bitcoin #Crypto #Trading

Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin

Bitcoin, realtime, trade, alert

Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin

$BTC Bitcoin popped now 400 points since alert of support. Not a bad RR here for long test. If nothing else a day trade.

Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. We start trading live again Monday so I’ll broadcast our trading group moves live for this setup. $BTC #Bitcoin #trading #crypto (alerted in private member Discord server)

Bitcoin, trading, timecycle, chart

Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. $BTC #Bitcoin #trading #crypto.png

And the result…. price is dumping in to lower target identified on trade alert…. intrad-day getting close. Charting wins. Trader bias not so good on this one.

price tragets, Bitcoin

Bitcoin did dump in to down target.

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

April 29 – Ethereum coming up on 100 MA resistance, trim in to it and add above. $ETH

https://www.tradingview.com/chart/ETHUSD/hBr0bcky-Ethereum-May-2-price-target-hit-early-If-channel-reversal-holds/

Ethereum coming up on 100 MA resistance, trim in to it and add above. $ETH

Per recent;

April 22 – ETH has regained the 200 MA on daily (bullish signal) and a channel reversal may be possible here.

Ethereum May 2 price target hit early. If channel reversal holds look to new price targets for May 2 and June 11. $ETH #Ethereum #crypto

$ETH May 2 target hit early. $ETH now targets May 2 time cycle peak Moderate 623.07 and 826.59 bullish
$ETH June 11 time price cycle peak if channel turn holds targets 1030.08 bullish, 826.59 moderate, 623.07 bearish.

 

https://www.tradingview.com/chart/ETHUSD/hBr0bcky-Ethereum-May-2-price-target-hit-early-If-channel-reversal-holds/

$ETH, Ethereum, chart, algorithm, price targets

Ethereum May 2 price target hit early. If channel reversal holds look to new price targets for May 2 and June 11. $ETH #Ethereum #crypto

Ethereum News: The Code for Ethereum’s Consensus Change Is Now Ready for Review

https://www.coindesk.com/the-code-for-ethereums-consensus-change-is-now-ready-for-review/

April 17 – $ETH about to test 50 MA for 623.07 price target May 5

https://www.tradingview.com/chart/ETHUSD/TYm85p9O-ETH-about-to-test-50-MA-for-623-07-price-target-May-5/

$ETH

$ETH about to test 50 MA for 623.07 price target May 5

Per previous

April 7 – Ethereum chart has consolidation also on Daily. MACD SQZMOM indecisive. $ETH

This is on watch now for a turn. Quad wall is nearing. Short side bias until chart says otherwise (symmetry breaks, upside quad wall TL is broke, MACD on daily crosses up, etc).

https://www.tradingview.com/chart/ETHUSD/x1WYYlcj-Ethereum-chart-has-consolidation-also-on-Daily-MACD-SQZMOM-inde/

ETH, Ethereum, charting, algorithm

Ethereum chart has consolidation also on Daily. MACD SQZMOM indecisive. $ETH

Ethereum News: Chile’s National Energy Commission Launches Ethereum-Based Pilot For Energy Data $ETH #Ethereum

https://cointelegraph.com/news/chiles-national-energy-commission-launches-ethereum-based-pilot-for-energy-data

Per recent;

March 26 – $ETH Ethereum trading 477.50 near mid quad support test. Defined channel forming. Lost 200 MA which is technically bearish…. but this is crypto.

Indicators do not say long yet, but I can’t help but imagine a bounce soon. My trader bias is up soon…. but trade price and let’s see because crypto issues are in a downtrend.

https://www.tradingview.com/chart/ETHUSD/wbdEuVSr-ETH-Ethereum-trading-477-50-near-md-quad-support-test-Defined/

$ETH, chart, support, test

$ETH Ethereum trading 477.50 near md quad support test. Defined channel forming.

Litecoin Basic Algorithm Charting Model

$LTC running bottom side of channel testing 200 MA upside resistance.

https://www.tradingview.com/chart/LTCUSD/t8Yjsog9-LTC-running-bottom-side-of-channel-testing-200-MA-upside-resist/

$LTC running bottom side of channel testing 200 MA upside resistance.

Per recent;

April 22 – $LTC channel support held, bounce, in to 200 MA test. #Litecoin

https://www.tradingview.com/chart/LTCUSD/iMpJ27TV-LTC-channel-support-held-bounce-in-to-200-MA-test-Litecoin/

$LTC, Litcoin, chart, 200 MA, resistance

https://www.tradingview.com/chart/LTCUSD/iMpJ27TV-LTC-channel-support-held-bounce-in-to-200-MA-test-Litecoin/

April 16 – $LTC Long side trade setup going well at channel support with 50 MA res test on deck. MACD trending.

https://www.tradingview.com/chart/LTCUSD/ebqFpnuC-LTC-Long-side-trade-setip-going-well-at-channel-support-with-50/

$LTC, chart, daily

$LTC Long side trade setip going well at channel support with 50 MA res test on deck. MACD trending.

April 7 – Per previous report – Litecoin will have to bounce near here if chart structure to remain in place. $LTC

Trading View chart notes copied:

Litecoin will have to bounce near here if chart structure to remain in place. $LTC

If it doesn’t bounce near up channel support (yellow diagonal line) it could run another trading quad area down very easily.

I’m bias a bounce but… price action should rule and don’t forget the 200 MA is overhead if it does bounce. That will become significant upside resistance test if price gets there.

Huge risk reward advantage here for bull side trade.

For more detail on the time cycle peaks for your trade, price targets, and support and resistance points relating to your personal trading plan contact me with any questions you have.

Best and peace!

PS Remember to trade price – if the trade goes against you it is always better to take a small loss than be married to a bad chart / stock.

Monday I will be live broadcasting this trading set-up and other chart set-ups documenting my process in detail for review w/ daily PL’s, video, charting set-ups and alerts.

https://www.tradingview.com/chart/LTCUSD/NAsEtGUs-Litecoin-likely-bounce-near-here-for-chart-structure-Chart-notes/

$LTC, chart, algorithm

Litecoin will have to bounce near here if chart structure to remain in place. $LTC

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

Ripple Basic Algorithm Charting Model $XRP

$XRP flat but over 200 MA on daily.

BUT still great returns from 40s to near 90s WOW.

https://www.tradingview.com/chart/XRPUSD/0aDABOJz-XRP-flat-but-over-200-MA-on-daily/

$XRP flat but over 200 MA on daily.

Per recent;

April 22 – $XRP over .888 targets 1.31 then 1.65 mid term. Daytrading model on -deck. #ripple

https://www.tradingview.com/chart/XRPUSD/zIn8bXCj-XRP-over-888-targets1-31-then-1-65-mid-term-Daytrading-model/

$XRP, price targets, chart, Ripple

$XRP over .888 targets1.31 then 1.65 mid term. Daytrading model on -deck. #ripple

April 17 – $XRP following underside of 200 MA

https://www.tradingview.com/chart/XRPUSD/gNcO0kN6-XRP-following-underside-of-200-MA/

$XRP

$XRP following underside of 200 MA

April 7 – Ripple trade remains non existent on Daily chart. $XRP

$XRP, Ripple, chart

Ripple trade remains non existant on Daily chart. $XRP

< End of report >

Any questions give us a shout anytime!

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Post topics; Crypto, chart, $BTC, $BTCUSD, $XBTUSD, $BTC.X, $ETH, $LTC, $XRP, Bitcoin, trade, price targets, time cycles, algorithm


Here’s How We Are Trading The Impending Tesla Stock Move in the Markets

Tesla stock has been a wild ride lately and with earnings scheduled after market May 2, 2018 this should be an excellent trade (either way).

Below is a trading plan for trading Tesla up or down with price targets, support and resistance levels, buy sell triggers and time cycle peaks. But first… a few announcements on what’s new at Compound Trading!

What’s New!

April Sale On Now! 10 Promo Codes Per Select Items Only – 30% Off. Sale items end April 30, 2018 or if the Promo Code limit for the specific item has been reached (10). If there is no sale price beside the item listed the maximum promo codes have been used. Click here for available Promo Codes.

Interested in free swing trading setups? Click here to sign up for the Complimentary Swing Trading Report Mailing List.

Information about our next trade coaching event May 4, 5, 6 can be found here Trade Coaching Boot Camp.

Now available for serious traders – Legacy All Access Membership.

24 Hour Crypto Trading Desk opens May 2018 along with our Coding Algorithm Models for Machine Trading. Formal announcements to follow.

Tesla Trading Plan

I have been posting this trade set-up for some time, and we have done well with the trades since. But here forward it could get even better. Here’s a post from April 4, 2108 on Trading View that details the Tesla trading chart structure.

Earnings catalyst:

Here’s the Nasdaq website link for Tesla earnings: Tesla, Inc. is expected* to report earnings on 05/02/2018 after market close. The report will be for the fiscal Quarter ending Mar 2018.

About Tesla:

For those that need to know a little about the company Tesla, here is the Wikipedia Tesla page link: Tesla, Inc. (formerly Tesla Motors) is an American company that specializes in electric vehicles, energy storage and solar panel manufacturing based in Palo Alto, California.

And Here is Why Tesla Could Be A Historic Trade Opportunity.

Tesla is bar none the most hated stock on Wall Street.

Tesla has the highest short interest of any major company. As I write, more than 30% of Tesla’s float is being shorted – up significantly in the last two weeks. That’s an utterly massive level of shorting for a stock with a $47 billion market capitalization. Simply put, being short Tesla is a very crowded trade right now.

And shorts are making a very big mistake.

That is a quote from this article; The Biggest Mistake Tesla Short Sellers Are Making Right Now.

And the writer could be right!

And there is a never ending array of news coverage on the Tesla story as we lead up to earnings…

Musk’s ‘no new capital’ promise faces scrutiny when Tesla reports results

Either way, our job as traders is to trade price action, so below is your technical chart set-up to trade Tesla either way for massive profit!

Here’s your technical chart set-up for trading Tesla $TSLA.

$TSLA closed April 26 at 285.48.

This set-up is a long over 280.00.

Your next major resistance is at 303.90 so be sure to trim longs in advance of that and then if resistance is breached add over that to the next resistance and then rinse and repeat. The horizontal fib lines on the chart show you support and resistance points. Also of note are the red dotted horizontal lines, they are also support and resistance lines, they represent historical support and resistance levels that can affect trade – pay some note to them also.

If 280.00 support (which is the main pivot in this trading range… mid trading quad support) then look to support at 255.60. If you’re short you will want to start covering in advance of trade getting to 255.60. If that is breached to the downside then add to your short and trim in advance of the next support on the chart.

I’ve made the chart easy to manage visually by adding white arrows to each major support and resistance level. The white arrows are your primary buy sell triggers. Note also the white arrows at the “trading quad walls”. These are Fibonacci based trend-lines that form a trading structure “quadrants”. They also act as support and resistance.

The red circles are price targets. The price targets for Nov 15, 2018 are 383.00 (bullish), 280.00 (moderate), 175.00 (bearish). Trade in accordance to price action toward the appropriate target. It is paint by numbers trading – just follow the rules and if your trade fails be sure to cut losses quickly and be ready to turn with price as needed. Trust the plan.

Here’s your technical chart set-up for trading Tesla $TSLA.

https://www.tradingview.com/chart/TSLA/i3SSuyRe-Here-s-your-technical-chart-set-up-for-trading-Tesla-TSLA/

$TSLA, trading plan, chart

Here’s your technical chart set-up for trading Tesla $TSLA.



Here’s your technical chart set-up for trading Tesla $TSLA. by curtmelonopoly on TradingView.com

In Closing:

A few hours of trade coaching or study on exactly how to trim in to resistance and how to add to your positions on winners and how to cut losses properly and quickly will return huge dividends.

You can subscribe to our Weekly Swing Trading Newsletter service here, use temporary Promo Code “30P” for 30% off Reg 119.00 Sale Price 83.30.

Or click here to subscribe and get 30% off Real-Time Swing Trading Alerts Reg 99.00 Sale Price 69.37 use temporary Promo Code “Deal30” for 30% off.

I personally guarantee our swing trading service is one of the best in the business and it’s very reasonably priced considering the technical expertise invested in the platform.

Good luck with your Tesla trade and if you need any help message me anytime!

Peace.

Curt

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Article Topics; TESLA (TSLA) CHART. How to Trade TESLA, $TSLA, #swingtrading #daytrading


Crypto the Bitcoin Algorithm Charting Model Newsletter including Specific Time Cycle Price Targets and Buy / Sell Triggers Sunday April 22, 2018. Charts for $BTC $BTCUSD $XBTUSD $XBT $BTC.X $ETH $LTC $XRP #Bitcoin #Crypto

Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.

Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.

Note: The $XBTUSD model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.

Notices: 

  • We are launching our 24 hour crypto trading desk. This team of three will also be responsible for the development and coding of our algorithms. Read more here; https://compoundtrading.com/whats-new-at-compound-trading-april-may-2018/
  • More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
  • Join us in our private Crypto Trading room on discord!
  • For newer users – read the blog post about how to trade Bitcoin here.

Primary Methods of Bitcoin Trade: 

The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.

This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.

Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.

Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.

Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.

Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.

Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.

Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.

In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate): 

  1. Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
  2. Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
  3. Directional channels formed by long term algorithmic modeled support and resistance
  4. Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
  5. Conventional Natural support and resistance (purple horizontal lines)
  6. Long term conventional trend lines (red diagonal lines)
  7. Conventional MA’s 

Bitcoin Algorithm Live Charting Link:

Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).

Algorithm model on the Daily Bitcoin Chart: 

Bitcoin Daily. If channel break sees reversal channel up, new price targets are as shown on chart. $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/5CXxOwTZ-Bitcoin-Daily-If-channel-break-sees-reversal-channel-up-new-pr/

Trading 8926.00 intra;

May 21 Bitcoin Price Targets:

Bearish 5824.00

Moderate 9808.00

Bullish 13821.00

July 4 Bitcoin Price Targets:

Bearish 9808.00

Moderate 13821.00

Bullish 17745.00

Bitcoin, chart, daily, price targets, time cycles, algorithm

Bitcoin Daily. If channel break sees reversal channel up, new price targets are as shown on chart. $BTC $XBTUSD #Bitcoin

Bitcoin News: Bitcoin Brushes $9,000 As Crypto Markets Continue Making Steady Gains https://cointelegraph.com/news/bitcoin-brushes-9000-as-crypto-markets-continue-making-steady-gains

Per recent;

Algorithm model on the Daily Bitcoin Chart:

Bitcoin up against 50 MA resistance test and near quad wall TL test.

https://www.tradingview.com/chart/XBTUSD/42JPtU4f-Bitcoin-up-againt-50-MA-resistance-test-and-near-quad-wall-TL-te/

Bitcoin, Daily, Chart, 50 MA

https://www.tradingview.com/chart/XBTUSD/42JPtU4f-Bitcoin-up-againt-50-MA-resistance-test-and-near-quad-wall-TL-te/

Per recent;

Bitcoin Daily chart grind down channel hitting mid quad targets. Short side wins. Apr 7 339 PM. $BTC $XBTUSD #bitcoin

Per last report, bearish short side winning as it slowly grinds down this channel hitting the mid quad decision area targets. Bearish until it changes and proves out upside quad wall breach. #Swingtrading Bitcoin down this move has been a fantastic trade. Congrats to the bears here!

https://www.tradingview.com/chart/XBTUSD/M6DBWn7U-Bitcoin-Daily-chart-grind-down-channel-hitting-mid-quad-targets/

Bitcoin, Daily, chart, algorithm, model, BTC

Bitcoin Daily chart grind down channel hitting mid quad targets. Short side wins. Apr 7 339 PM. $BTC $XBTUSD #bitcoin

Bitcoin News: No, India Has Not Banned Bitcoin Trading, Government Confirms $BTC #Bitcoin #India

https://www.newsbtc.com/2018/04/07/no-india-not-banned-bitcoin-trading-government-confirms/

Per recent;

Bitcoin rejected at 200 MA is very bearish, watching support tests for bounce or down. $BTC #Bitcoin

Per last post it was trending up quad wall trend-line but 200 MA sent it down outside of quad diagonal trend-line. Watching for possible bounce.

https://www.tradingview.com/chart/XBTUSD/wqcRm9Bv-Bitcoin-rejected-at-200-MA-is-very-bearish-watching-support-tes/

Bitcoin, 200 MA, rejected, chart

Bitcoin rejected at 200 MA is very bearish, watching support tests for bounce or down. $BTC #Bitcoin

Observations / Chart Indicators: Current Area of Trade:

April 22 – Bitcoin down channel resistance top of channel has been broke to upside on the daily chart model. This is a big deal. IF trade stays above that channel break in the model then the upper price targets are in play (per earlier in post).

On the daytrading model it is important that price hold the mid quad support area in and around 8874.00 for this bullish scenario to play out.

This week will be a big test for the bull side bias I have.

April 7, 2018 – Bitcoin is obviously trading in downward channel on daily chart and until that becomes divergent it is a short. The daytrading model has been functioning well for both sides of trade. When divergence shows I will be alerting that aggressively.

Bitcoin Stoch RSI is trending up signalling new buy flow however MACD and SQZMOM indecisive. $BTC #indicators

Trade bias should be short until all three indicators represent consistent upward trade beyond resistance points.

https://www.tradingview.com/chart/XBTUSD/MjgMDaM8-Bitcoin-Stoch-RSI-is-trending-up-signalling-new-buy-flow-however/

Bitcoin, chart, indicators

Bitcoin Stoch RSI is trending up signalling new buy flow however MACD and SQZMOM indecisive. $BTC #indicators

Per recent;

Crypto $BTC, $ETH, $XRP, $LTC #cryptocurrency #technicalanalysis

Key Bitcoin Buy / Sell Price Trigger Levels:

Mar 26 – 4956.2, 5319, 5639, 5826, 6860, 7880, 8198, 9827.60, 11486.20, 11689, 12844, 13783

Bitcoin Trading Plan (misc notes as applicable)

April 22 – Trade since our bottom call (that worked out perfectly) has been getting better and better as the charting builds more and more structure and subsequent strength. My personal Bitcoin trading plan is to trade the daytrading model support and resistance lines trimming in advance of each resistance and adding above and using the daytrading model as a guide for significant adds and trims as trade goes along.

Per recent;

April 7 – Mirroring what the charting and notes above is saying… until significant divergence to charting occurs to upside I’m forced to remain bearish bias and daytrade the 30 minute model primarily.

Per recent;

200 MA test on daily chart failed with possible bounce on daytrading 30 min chart…. watching… but it is under pressure.

Per recent;

March 19 – Current trade bias is long to target concluding at upward target along TL quad trendline. Watch 200 MA test and mid quad resistance test. 9757 Apr 7 target on model.

Per recent;

From here to 13700 range it seems without significant resistance. Trading bias is bullish between moving averages on chart (horizontal lines).

Daytrading Bitcoin

April 22 – Bullish scenario price target 9867.00 possible April 28 on Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

https://www.tradingview.com/chart/XBTUSD/nw3oiYLw-Bullish-scenario-price-target-9867-00-possible-May-28-on-Bitcoin/

Price target, Bitcoin, daytrading, chart

Bullish scenario price target 9867.00 possible April 28 on Bitcoin daytrading model $BTC $XBTUSD #Bitcoin

April 16 – Bitcoin coming in to price target on our daytrading model. $BTC #Bitcoin $XBT

https://www.tradingview.com/chart/XBTUSD/4d1h3Jv9-Bitcoin-coming-in-to-price-target-on-our-daytrading-model-BTC/

Bitcoin $BTC, daytrading algorithm

Bitcoin coming in to price target on our daytrading model. $BTC #Bitcoin $XBT

Per recent;

April 7 – Bitcoin 5.81% Daytrading 30 Min Chart above 200 MA upside target preferred. Consolidating. Apr 0.33% 7 256 PM. $BTC $XBTUSD #bitcoin

The daytrading model is showing consolidation here but in no way should a short time-frame model form a trader’s bias going forward – short term bias, but not trend directional bias.

https://www.tradingview.com/chart/XBTUSD/LzBptzub-Bitcoin-Daytrading-30-Min-Chart-above-200-MA-upside-target-prefe/

Per recent:

Mar 26 – Per above.

Bitcoin has 200 MA on 30 Min. Bullish bias to target. Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 19 917 PM. $BTC $XBTUSD #bitcoin

https://www.tradingview.com/chart/XBTUSD/TV9TkSUD-Bitcoin-has-200-MA-on-30-Min-Bullish-bias-to-target-Bitcoin-Ch/

Bitcoin, daytrading, chart

Bitcoin has 200 MA on 30 Min. Bullish bias to target. Bitcoin Chart Model – Daytrading 30 Min Chart. Mar 19 917 PM. $BTC $XBTUSD #bitcoin

Recent Bitcoin Real-Time Trade Alerts / Charting Set-up Alerts

If you are reviewing this newsletter (as a historical unlocked post) and not a member of our service and would like a tour of our private discord server (trading chat / alerts etc) or our private Twitter member $BTC alert feed let us know. You can check out our call rate for yourself. Transparent trading is important to us.

Technical precision trading. Price target hit perfect on daytrading algorithm model charting. $BTC $XBT #Bitcoin #Crypto #Trading

Bitcoin, price, target, hit, alert

Technical precision trading. Price target hit perfect on daytrading algorithm model charting. $BTC $XBT #Bitcoin #Crypto #Trading

Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin

Bitcoin, realtime, trade, alert

Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin

$BTC Bitcoin popped now 400 points since alert of support. Not a bad RR here for long test. If nothing else a day trade.

Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. We start trading live again Monday so I’ll broadcast our trading group moves live for this setup. $BTC #Bitcoin #trading #crypto (alerted in private member Discord server)

Bitcoin, trading, timecycle, chart

Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. $BTC #Bitcoin #trading #crypto.png

And the result…. price is dumping in to lower target identified on trade alert…. intrad-day getting close. Charting wins. Trader bias not so good on this one.

price tragets, Bitcoin

Bitcoin did dump in to down target.

Ethereum Basic Algorithm Charting Model on Daily Time Frame:

April 22 – ETH has regained the 200 MA on daily (bullish signal) and a channel reversal may be possible here.

Ethereum May 2 price target hit early. If channel reversal holds look to new price targets for May 2 and June 11. $ETH #Ethereum #crypto

$ETH May 2 target hit early. $ETH now targets May 2 time cycle peak Moderate 623.07 and 826.59 bullish
$ETH June 11 time price cycle peak if channel turn holds targets 1030.08 bullish, 826.59 moderate, 623.07 bearish.

https://www.tradingview.com/chart/ETHUSD/hBr0bcky-Ethereum-May-2-price-target-hit-early-If-channel-reversal-holds/

$ETH, Ethereum, chart, algorithm, price targets

Ethereum May 2 price target hit early. If channel reversal holds look to new price targets for May 2 and June 11. $ETH #Ethereum #crypto

Ethereum News: The Code for Ethereum’s Consensus Change Is Now Ready for Review https://www.coindesk.com/the-code-for-ethereums-consensus-change-is-now-ready-for-review/

April 17 – $ETH about to test 50 MA for 623.07 price target May 5

https://www.tradingview.com/chart/ETHUSD/TYm85p9O-ETH-about-to-test-50-MA-for-623-07-price-target-May-5/

$ETH

$ETH about to test 50 MA for 623.07 price target May 5

Per previous

April 7 – Ethereum chart has consolidation also on Daily. MACD SQZMOM indecisive. $ETH

This is on watch now for a turn. Quad wall is nearing. Short side bias until chart says otherwise (symmetry breaks, upside quad wall TL is broke, MACD on daily crosses up, etc).

https://www.tradingview.com/chart/ETHUSD/x1WYYlcj-Ethereum-chart-has-consolidation-also-on-Daily-MACD-SQZMOM-inde/

ETH, Ethereum, charting, algorithm

Ethereum chart has consolidation also on Daily. MACD SQZMOM indecisive. $ETH

Ethereum News: Chile’s National Energy Commission Launches Ethereum-Based Pilot For Energy Data $ETH #Ethereum

https://cointelegraph.com/news/chiles-national-energy-commission-launches-ethereum-based-pilot-for-energy-data

Per recent;

March 26 – $ETH Ethereum trading 477.50 near mid quad support test. Defined channel forming. Lost 200 MA which is technically bearish…. but this is crypto.

Indicators do not say long yet, but I can’t help but imagine a bounce soon. My trader bias is up soon…. but trade price and let’s see because crypto issues are in a downtrend.

https://www.tradingview.com/chart/ETHUSD/wbdEuVSr-ETH-Ethereum-trading-477-50-near-md-quad-support-test-Defined/

$ETH, chart, support, test

$ETH Ethereum trading 477.50 near md quad support test. Defined channel forming.

Litecoin Basic Algorithm Charting Model

April 22 – $LTC channel support held, bounce, in to 200 MA test. #Litecoin

https://www.tradingview.com/chart/LTCUSD/iMpJ27TV-LTC-channel-support-held-bounce-in-to-200-MA-test-Litecoin/

$LTC, Litcoin, chart, 200 MA, resistance

https://www.tradingview.com/chart/LTCUSD/iMpJ27TV-LTC-channel-support-held-bounce-in-to-200-MA-test-Litecoin/

April 16 – $LTC Long side trade setup going well at channel support with 50 MA res test on deck. MACD trending.

https://www.tradingview.com/chart/LTCUSD/ebqFpnuC-LTC-Long-side-trade-setip-going-well-at-channel-support-with-50/

$LTC, chart, daily

$LTC Long side trade setip going well at channel support with 50 MA res test on deck. MACD trending.

April 7 – Per previous report – Litecoin will have to bounce near here if chart structure to remain in place. $LTC

Trading View chart notes copied:

Litecoin will have to bounce near here if chart structure to remain in place. $LTC

If it doesn’t bounce near up channel support (yellow diagonal line) it could run another trading quad area down very easily.

I’m bias a bounce but… price action should rule and don’t forget the 200 MA is overhead if it does bounce. That will become significant upside resistance test if price gets there.

Huge risk reward advantage here for bull side trade.

For more detail on the time cycle peaks for your trade, price targets, and support and resistance points relating to your personal trading plan contact me with any questions you have.

Best and peace!

PS Remember to trade price – if the trade goes against you it is always better to take a small loss than be married to a bad chart / stock.

Monday I will be live broadcasting this trading set-up and other chart set-ups documenting my process in detail for review w/ daily PL’s, video, charting set-ups and alerts.

https://www.tradingview.com/chart/LTCUSD/NAsEtGUs-Litecoin-likely-bounce-near-here-for-chart-structure-Chart-notes/

$LTC, chart, algorithm

Litecoin will have to bounce near here if chart structure to remain in place. $LTC

Primary buy sell triggers on Litecoin daily chart:

475.00

381.00

287.00

192.00

98.00

Ripple Basic Algorithm Charting Model $XRP

April 22 – $XRP over .888 targets1.31 then 1.65 mid term. Daytrading model on -deck. #ripple

https://www.tradingview.com/chart/XRPUSD/zIn8bXCj-XRP-over-888-targets1-31-then-1-65-mid-term-Daytrading-model/

$XRP, price targets, chart, Ripple

$XRP over .888 targets1.31 then 1.65 mid term. Daytrading model on -deck. #ripple

April 17 – $XRP following underside of 200 MA 

https://www.tradingview.com/chart/XRPUSD/gNcO0kN6-XRP-following-underside-of-200-MA/

$XRP

$XRP following underside of 200 MA

April 7 – Ripple trade remains non existent on Daily chart. $XRP

$XRP, Ripple, chart

Ripple trade remains non existant on Daily chart. $XRP

Per recent:

$XRP Ripple downside trend looking more probable than up in to time cycle peak.

https://www.tradingview.com/chart/XRPUSD/PKVNPr8l-XRP-Ripple-downside-trend-looking-more-probable-than-up-in-to-t/

$XRP, Ripple, chart

https://www.tradingview.com/chart/XRPUSD/PKVNPr8l-XRP-Ripple-downside-trend-looking-more-probable-than-up-in-to-t/

< End of report >

Any questions give us a shout anytime!

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Post topics; Crypto, chart, $BTC, $BTCUSD, $XBTUSD, $BTC.X, $ETH, $LTC, $XRP, Bitcoin, trade, price targets, time cycles, algorithm

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