The money flow INTO Bitcoin and OUT of Altcoins has created a nice pullback to buy quality cryptos for the OPPORTUNISTIC trader.
Wait for price to retrace and start accumulating anywhere in Yellow BUY ZONE area.
However, be PATIENT we are looking to get the best price.
Sean Vengan Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE 2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine. 3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service. 4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit. 5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis. 6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to. 7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted. 8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply. 9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned. 10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience. 11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive. 12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Kommentar
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We closed the previous Ripple trade with great profit.
The "Market Gods" have been kind to us by giving us a pullback giving us a 2nd opportunity to make $$$.
Kommentar
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INVESTOR TIP: Ripple is a quality crypto one the few the Banks like and embrace.
IMHO it is that acceptance will help it forge a path upwards.
Thanks for your great analysis always. We always get a nice profit on our trades with your guidance. I followed your first trade and took profit when we hit target 1. I bought again 9600xrp at different prices but an average of 0.24. I missed the 0.28 to sell and now I m confused whether to wait few more days till conference or hold it even longer or sell it now. I would appreciate if you can guide me a bit.Thanks alot
The last days run was also because of that, but i also (like SEAN) think we are not yet done.
UnknownUnicorn1063189
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@nunojusto, Thank you for that factual prspective (I like when authors quote sources - big tick for that in my books)
Bluechipinvestments
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@nunojusto, I thought GATEHUB.COM was there exchange? Its is 100% backed for any loss of deposits, and you can exchange crypto/fiat within the account. I will follow your link and read more about your comment. Thank you for sharing.
Bluechipinvestments
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@Bluechipinvestments, SO I fact check my self, Gatehub.net is independent of ripple. Sorry for the error on my part.
nunojusto
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@Bluechipinvestments, no problem. That's why we share our investigation, to get all the info possible to make good trades.
kayb100
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Oh great, one of the things i like doing to practice in my learning is i do my own charting then check to see if any professional TA's are saying anything similar, or my favorite method for learning so far in the very early days for me was i would read the only the TITLE of TA's posts, eg ''Buy zone for BTC'' but not look at their chart, i would then make my own chart and build a case, look for buy signals etc, then was i was done i would open the professional TA's post and compare my chart with theirs, great learning method for anyone reading.
Anyways, many thanks for sharing Sean, do you have any worries about a H&S pattern forming if this falls into the yellow box buy zone? Cheers.
kayb100
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On the 15 min chart i also noticed an ascending triangle forming quite nicely, im just wondering how do you personally distinguish which of the two possibilities are best to trade on? eg you see the ascending triangle on the 15 min chart and it's saying it's time to trade soon (i think?) and then you see the pullback to the support line setup on your chart which says we need to wait abit until we drop some more, how do you work which trade is best to take in this example? Is there something that tells you ''ok im not going to trade out of this ascending triangle on the 15 min chart, im going to wait for the pullback to the rising trend line''? Thanks again Sean. I'm learning a bunch from your TA for short term trades and also from @goldbug1 for mid to long term strategies (who sent me this way).
UnknownUnicorn1063189
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@kayb100, Thank you for your praise but in i'm just normal guy who makes money trading =)
I very much like this style Kay and I used to do this alot when I started.
Now I would like to add a point:
When you look at an authors chart and you will hear me say the below repeatedly on this Forum. ANYONE can "draw" chart on TV (Trading View) and publish it.
They have to know nothing other than how to add indicators, draw lines and SOUND CONVINCING.
That does NOT MAKE THEM A TRADER. Their GUESS is no different than you or I making one.
A REAL TRADER will give you a:
a) FORECAST
b) SPECIFIC PLAN and
c0 TRADE MANAGE as we navigate news events and volatile price movements occur to completion of a trade Example my recent Bitcoin trade.
Most "traders" are just COMMENTATORS and ANALYSTS who just publish CHARTS ONLY. Ask them to walk/talk you through a trade whilst prices are moving LIVE and they won't have the skills to do this.
NOTE: I am by no means being disrespectful to ANY author as they produce some nice charts. And no doubt a percentage have true knowledge BUT after we place a trade ALOT CAN HAPPEN.
Trading is a SKILL that is APPLIED AFTER you place the trade not just pressing a buy and sell button.
So charting is totally different to LIVE TRADING.
I see no trader on TA who will talk you THROUGH a TRADE while prices are moving and news announcements are being made, except me. That is a sign of a REAL TRADER and not just a CHARTIST/ANALYST.
So please bear this in mind when you follow someone and view their chart.