LSKBTC trade ideas
LSKBTC Signals Hey guys what's up its your fav trader and i have another coin with good profit in not so much time. The coin is Lisk (LSK).
Lisk is a next generation platform that allows for the development and distribution of JavaScript based decentralized applications using an easy to use, fully featured ecosystem. Through Lisk, developers can build, publish, distribute, and monetize their applications within a custom built cryptocurrency powered system that utilizes custom blockchains, smart contracts, cloud storage, and computing nodes; all from within one industry solution.
Lisk is the first decentralized application solution written entirely in Node.js. This opens up the Lisk ecosystem to thousands of current developers with no additional skills necessary. Any web developer who is already familiar with JavaScript and Node.js can immediately jump in and begin building decentralized applications from day one.
Lisk seems to have a very nice bullish breakout in all the time frame and also it formed a really good triangle with the bullish breakout. I'm planing to buy some quantity right now and if it test the blue (Dark) line i'll buy more if u guys are planning to join this one have proper money management. Buy in blue and sell strong at targets. Thanks guys for looking into it, don't forget to leave a like.
THANK YOU
LSK - potential buy.Lsk has been on my radar for the last few days as one that hasn't really moved much in the currently rally, potentially delayed mover, with the drop its now sitting at the bottom of the channel/pitchfork with 4hr MACD turning.
Barring another fear dump this looks like a solid entry with a tight stop loss to be safe.
#BITCOIN #BITCOINPRICE #LISK #TRADING LONG ON 0.0015
IF PRICE KEEPS BETWEEN RED AND GREEN LINE WE CAN GET TO 0.0057 73.6%
STOP LOSS IF PRICE BREAKS GREEN LINE
WHAT IS LISK GOING TO DOHello!
LISK is looking in doubt. We have the option to form a bearish pennant and retrace deeper. It has been fighting its recent downtrend for a while now. And so far lacks the power to break thru. The resistance is heavy coinciding with both the 50 and 200 EMA. That's pretty much the bearish scenario.
The bullish scenario is that we start/ are forming a new ew cycle upwards. The resistance will have to be broken to the upside with good strength to confirm the power of the bulls. The MACD and WT tell us it is looking or will soon try to fight the bears on the Line. The stronger support lies @ 125k- 127k level and at the 100k level. If we do manage to break upside the trading opportunity could bring good rewards. Goodluck
FOUR CANDLE HAMMER STRATEGYStep #1: The market needs to make a 20-candle new high
The first step is to identify the market trend. This makes sense since the four candle hammer strategy is a pullback strategy it needs a prior trend.
The first and the most important thing are to identify a strong trend that is moving vigorously up. Identifying strong trends can be done through technical indicators. However, our retracement strategy doesn’t use any technical indicators and rely solely on price action.
Price action is the most accurate way to determine trends and hedge fund managers know this best.
The 20-candle high rule is an excellent way to identify markets that are having a strong trend and is it’s rather a simple way to spot the trend.
Step #2: Identify a 4 candle pullback that goes against the prevailing trend.
As a general rule, the second part is to spot a pullback that moves against the prevailing trend. This step is quite important because the pullback will create our entry opportunity before the market starts resuming the prevailing trend.
The four candle hammer strategy will relay again on the price to identify the retracement. Technical analysis trading can be done even without indicators. However, the retracement still needs to satisfy some trading conditions.
Namely, we want to see 4 consecutive candle retracement in a row after the 20-candle high was put in place.
Step #3: The 5th candle closing price needs to be above the 4th candle closing price
It’s our job to identify when the short-term retracement will end and jump on the wagon before the dominant trend resumes and leaves us in the dust.
On the 5th candle, we’re looking for the market to put an end to the retracement. The upside momentum should pick up on the 5th candle.
The stronger the momentum at this stage, the better.
Note* It’s sufficient for the 5th candle closing price to be above the 4th candle CLOSING price. Please note that we didn’t say the 4th candle HIGHEST price. The rule is that the higher the 5th candle closing price is, the better.
This is a crucial day because it’s the candle prior to our possible entry point.
Step #4: Buy at the close of the 5th candle of the pullback
Our retracement strategy is offering us a good entry point that is close to the end of the pullback. This is also the point where the market will begin resuming the primary trend.
In this regard, we buy at the close of the 5th candle of the pullback. Or you can say that we buy at the opening of the 6th candle.
Our entry strategy will help you maximize your profit potential and minimize your risk level.
Step #5: Place protective Stop Loss 10 pips below the 5th candle low
Usually, the lowest risk trades happen when the retracement of a strong trends end. This is the reason why we’re able to use such a tight stop loss.
Place your protective stop loss 10 pips below the 5th candle low. We’ve added a buffer of 10 pips to protect ourselves in case of any false breakouts.
Note* Remember to always use SL because not using stop loss is the number 1 reason why traders take significant losses.
Step #6: Take Profit equals 3 times the distance between your entry price and your stop loss price
The best way to establish your profit targets is to multiply the distance between your entry price and your stop loss price by 3. In other words, we want our profit target to be 3 times greater than our stop loss giving us a positive risk to reward ratio of 1:3.
Note** the above was an example of a BUY trade using technical analysis trading. Use the same rules for a SELL trade – but in reverse.
