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Renko

XLP 73/70 Mar 18 Put Credit SpreadThis idea is a little out of the norm for me. I generally stick to broad market, but from time to time I play sectors. Credit Received: 0.36 or $36 / contract Strikes: Short 73 Long 70 Max Loss: 300-36 = $264 per contract Short Leg Delta: 30 Delta (more on this below) Trade Reasoning: 1. Market is being beat up by both the Ukraine - Russia situation and inflation, if both continue to worsen I believe consumer staples (what XLP tracks) will outperform the rest of the market. 2. White line presents a possible support level above my short strike here - Check! 3. Renko Overlay indicator from www.tradingview.com is a new addition to my chart, and it showed another decent support level (see picture below), this is represented by the yellow dashed line. 12% Return on risk - Less than 30 DTE - TP at 50% - SL at -200% Notes: 1. Delta is almost 2x what I normally shoot for (16 delta normal short target), however with these sector ETFs there is often wide spreads, little volume and somewhat crappy IV as well. As such, beggars can't be choosers. 2. Average True Range - ATR on this thing is piddly, so I felt more comfortable going closer to the money here. 3. Renko has been something that I have played with in the past, but I found it left out TOO much info. As such this overlay option from /u/LonesomeTheBlue is a very welcome addition.
AMEX:XLPLong
by ThetaTrades
1
BNB facing a strong resistance areaThe image on the right shows the long-term Bainance channel from 2018. As can be seen, the important support line seen in the long-term channel has been broken. Binance tries to pull back this broken support (which has now become resistance.) three important resistances must be broken to confirm the trend change (downtrend to uptrend) 1- Stable resistance in the of $ 430 2. Important MA 40 bricks resistance in Renko chart ($ 440 to $ 450) 3- Long-term trend resistance line ($ 500 which Binance is trying to pull back to this area) If resistances 1 and 2 break, the target price will be around $ 500
by cryptoonchain
Bitcoin below important resistanceIn Ranko chart analysis, the moving average of 20 and 40 bricks are important supports and resistances. In my opinion, despite the increase in the price of bitcoin in the last few days from $ 33,000 to $ 41,500, this price increase can not be interpreted as a change in the trend. Bitcoin is located in an area where it has swung between $ 29,000 and $ 41,000 before. And this increase does not mean a change of trend until other conditions are met. But there are two basic conditions for us to talk about changing the trend: 1- Breaking the resistance of 20 bricks in EMA or MA: As you can see in the historical chart, ema/ma 20 is strong resistance and support for the price in the current trend. If it breaks, it is an early signal that the trend may change in the future 2- Breaking the resistance of the MA 40: It is a signal to confirm the change of trend. Based on the above, in order to have the initial possibility of changing the trend or continuing bitcoin swing in the range area, we must wait for the bitcoin to react to the moving average of 20.
BITSTAMP:BTCUSD
by cryptoonchain
Update: Filter the noise for Ethereum ETHFilter the noise for Ethereum ETH by the help of Renko-charts (upper chart). In this long-term view we see current price did not break an even went higher than interesting support level starting from the cycle top January 2018. The lower chart shows the candle-chart in comparison - much more noise, right? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
BITSTAMP:ETHUSDLong
by Crypto4Everybody
BTC will create a wide range area between $ 30,000 to $ 40,000Hi Bitcoin reached the $ 34,000 price range, as we had previously predicted. (See the idea below-January 9). Today Bitcoin is in the 35000$ area. But what is the next? My idea is that Bitcoin will create a large lateral movement area in this area (between $ 30,000 and $ 40,000). Bitcoin stops in this area will not be short (it will swing in this area for at least a few weeks) But in order to determine whether Bitcoin will leave the area with a break-up or break-down, we will have to wait to see the price action inside the area in the coming weeks.
COINBASE:BTCUSD
by cryptoonchain