Search found 14 matches

by jesse
Wed Mar 24, 2021 1:28 am
Forum: designing a strategy
Topic: Market Updates
Replies: 7
Views: 1249

Re: Market Updates

BTC has broken down the rising wedge on the daily and is forming a descending triangle on the 4h ... if price cannot hold the 200 ema I will look for a sell-off ... Until broken the confluence of the horizontal, 4h 200ema and 1h marker should make good support. https://www.tradingview.com/x/ZRdRpKtX...
by jesse
Thu Mar 18, 2021 9:29 pm
Forum: designing a strategy
Topic: Market Updates
Replies: 7
Views: 1249

Re: Market Updates

My current perspective is that BTC is approaching a significant local top that will be marked by a breakdown of this Daily Rising Wedge with a bearish RSI divergence : https://www.tradingview.com/x/xfu9rN2z/ Bitcoin dominance continues to look weak, with the 50 and 200 emas on the 4h crossing the be...
by jesse
Sat Mar 13, 2021 3:22 pm
Forum: designing a strategy
Topic: Market Updates
Replies: 7
Views: 1249

Re: Market Updates

ETHUSD and many ALT/USD pairs are forming Ascending Triangle-like patterns of consolidation as BTCUSD continues move up to the higher bounds of a possible rising wedge. BTCUSD rising wedge : https://www.tradingview.com/x/mJp6Z6oO/ ETHUSD : https://www.tradingview.com/x/YFHvBgiX/ LINKUSDT : https://w...
by jesse
Wed Mar 10, 2021 10:27 pm
Forum: designing a strategy
Topic: Market Updates
Replies: 7
Views: 1249

Re: Market Updates

Bitcoin is rallying hard today and alts are taking a beating in BTC terms … however the bitcoin domiance chart is approaching strong resistance from the 4h beach and the previously broken TL and 50 ema on the weekly. I am looking for the 50 ema to cross the TL for confirmation. https://www.tradingvi...
by jesse
Tue Mar 09, 2021 7:20 pm
Forum: designing a strategy
Topic: Risk Management — Stop Losses
Replies: 2
Views: 631

Re: Risk Management — Stop Losses

Hi Jesse, From what I see stop losses reduce risk but can also reduce strike rate especially with volatile assets like cryptos. The tighter the stop the more perfect the entry must be. With too tight a stop you could turn every winning trade into a loser. A tighter stop could also mean you need to ...
by jesse
Tue Mar 02, 2021 6:41 pm
Forum: designing a strategy
Topic: Market Updates
Replies: 7
Views: 1249

Re: Market Updates

ETHBTC has potentially put in another higher low on the 1h which could lead to a breakout above horizontal resistance at the beach + 200 ema https://www.tradingview.com/x/EqPNkkr6/ THETABTC has broken out above major horizontal resistance to make a new ATH. Price is currently in the 4h sky and I am ...
by jesse
Sun Feb 28, 2021 2:04 pm
Forum: designing a strategy
Topic: Market Updates
Replies: 7
Views: 1249

Re: Market Updates

BTCUSDT has formed a Falling Wedge into the 4h Beach + Ocean, Horizontal Support https://www.tradingview.com/x/xRDiqt8Z/ ETHBTC is now fully reversed bearish on 4h Emasar. This was a tough one, I had entered on the 4h beach at weekly horizontal support after 3 consecutive weekly closes above that ho...
by jesse
Thu Feb 25, 2021 7:24 pm
Forum: designing a strategy
Topic: Market Updates
Replies: 7
Views: 1249

Re: Market Updates

BTCUSDT is forming a Rising Wedge on the 1h into horizontal and 144/200 ema resistance. I am still looking for lower prices to add but will get bullish if this wedge breaks to the upside. https://www.tradingview.com/x/rrPpL6Zn/ LINKETH looks read to break this significant bearish TL. Both 1h and 4h ...
by jesse
Tue Feb 23, 2021 2:07 pm
Forum: designing a strategy
Topic: Market Updates
Replies: 7
Views: 1249

Market Updates

Inflection Point for ETHBTC BTC.D is solidly back above the weekly trend line in a bullish ascending triangle but so far has failed to close above the Marker of a bearish 4h emasar trend. https://www.tradingview.com/x/ien418u8/ https://www.tradingview.com/x/fwvk3EKt/ ETHBTC will most likely stop out...
by jesse
Sun Feb 21, 2021 10:27 pm
Forum: designing a strategy
Topic: Risk Management — Stop Losses
Replies: 2
Views: 631

Risk Management — Stop Losses

Your stop loss is perhaps the most important part of your trade. This is the level that you commit to sell at no matter what, but you also commit not to sell until the price gets to this level. Although you can use hard stops with emasar, I prefer to use soft stops and not exit the trade until the s...