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Lisk / Bitcoin

0.00000562BTCR
−0.00000016−2.77%
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LSKBTC trade ideas

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.
Long
by Tradingstrategyguides
LSK TA Trend Line, Fib Zone / Time. First TA ever, Based on RSI at todays peak I set a Buy order for 0.0014299 expecting it to drop slightly and continue upwards and shortly after my buy was hit and I entered this Trade hoping it'll continue its up trend and give a 2% gain but based on the fact all small up trends had an average correction of 2.6% I was expecting it to further drop because RSI in 1/3/5min suggested it was oversold. It did drop, I continued to lower my average cost by purchasing more as It dropped, I ended up with an average cost of 0.0013892, My target sell is 0.0014259 which is lower then my first buy in.
Short
by AusJeff
2
Profit Delivery! Volume Supporting the Move!Here you have a coin that has accumulated some great volume ready to see some nice action. You will see the RSI putting In higher lows and we have some major momentum here. The MacD on daily and 4H still has plenty of room for us to grow, we have hit a low where this coin has been accumulating for quite some time you can see this on the daily chart below. When BTC dropped we had dipped below this but we returned to this price quite quickly and have sat there ready for a break since. Stop losses will be set below the red line, they can be set below the black line if the 4H candle closes over the black. Targets will be green dotted lines. We can enter this trade at anytime we have great volume. Cash Is King!
Long
by Cash-is-King
8
LSKLSK had a strong retrace of just more than 78.6% of its complete movement from the pair's absolute high and low since being introduced to the Binance exchange. Price is currently sitting above that retracement level now, as shown in the daily chart on the right, and recently pushed through the top of the symmetrical triangle. Further upward movement is being impeded at the moment by the 50 MA. RSI is above 50, which means it's bullish , and is moving steadily within an ascending channel . MACD is in bearish territory but is nearing the bullish side of centerline. This pair appears bullish at this time, so we expect that a strong push through the 50 MA on the daily chart should initially target 0.00170190-0.00182190. Beyond that, we are looking at a secondary target of 0.00212410-0.00228890, which would put price above the daily cloud. Failure to push upward from here may see decent support in the 0.00102000-0.00103000 area.
by ScottMelker
LSkBTC: A big opportunity on its wayHello Friends, This is my LSKBTC TA. We all know it went to ATH in November and entered a dark tunnel and haven't come out since then. Lets get straight into this because this is a great opportunity to get a huge profit out of it. In the chart above, we can see that it is forming a symmetrical triangle. Since it is on an uptrend for the past couple of trend, we can expect it to go for a big rally. I will update you guys with the targets later. We all need to keep an eye on this. If anyone wants to go for this trade, please do your own research and let me know in case you don't agree with my TA. Take care guys and try not to lose money. Regards,
Long
by FRXMACHNE
LSK trading sidewaysThe best way to handle this trade in my opinion is to enter at price higher a bit than entry point 2 or wait for breakout to confirm the trade is active. The triangle support seems to be a bit weak unless proven otherwise in the next 1 or 2 days. I would recommend selling 50% at target 1, 30% at target 2 and 20% at target 3. You can rebuy after selling at each target to have a better position. Buying positions will be updated when targets are reached. Good luck trading :) ***This information is not a financial advice. I am still learning and practicing.***
by Youstanzr
2