The price bounces from 300.00 support level and it's going to move above SMA100. RSI confirms price reversal in the oversold zone. MACD histogram supports upward movement. Also the price breaks the downtrend line and it gives us an additional confirmation of further upward movement. Buy from 310.00 level with stop orders at 284.00 level. Profit targets are 350.00 and 390.00 levels. The part of trading volume should be left for long run.
Dmitry, have you noticed that the strategy of breaking the box doesn't work anymore on cryptos?
I mean, you recommend people to enter the market with pending orders and once the price reaches your target level, it returns back under that level.
Please consider improving/filtering the entrance signals (for example by suggesting RSI to be over 50, or breaking a position into the grid of trades to use the correction).
WiThConFi
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Can anyone recommend an exchange that allows you to have both stop loss and limit profit sell at the same time? Or is that only possible in portions of your coins ex. 1 Eth = .75 stop loss .25 profit sell?
WiThConFi
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Can I have 1 Eth stop loss or 1 Eth profit sell? ---whichever comes first
@monguilhot, as long as you aren't US customer! (news today is they will be stopping US services)
mike4driver
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@mfgex, Are there any other exchanges to worry about?
GeXTV
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@mike4driver, not that i'm currently aware of, but it sends an uncomfortable message that exchanges would rather not deal with US government (IRS) bullshit. bitfinex had some separate issues that may have contributed to this move, so it doesn't necessarily mean the other big names will follow suit, but it will be something to keep a close eye on.
monguilhot
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@mfgex, Hi, so you suggest another? Poloniex?
GeXTV
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@monguilhot, poloniex works but i recommend bittrex more. but i wouldn't count on either one long-term...
UncannyDeduction
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How do you come up with the $284 stop?
Is it because of the candlesticks reaching to the $285.7 level or something else?
I mean, you recommend people to enter the market with pending orders and once the price reaches your target level, it returns back under that level.
Please consider improving/filtering the entrance signals (for example by suggesting RSI to be over 50, or breaking a position into the grid of trades to use the correction).