I've been looking at SALT for the past few days, and soon you can see why. But before we get started, let me remind you that this will be a short term trade. We are going to get in and out, in a matter of days, with the purpose of securing some profits right away.
Lets start by taking a quick look at the daily chart (you can see it above):
- On this chart above, I marked some dates for you. The first thing that you can notice, if you follow my lead, are the red squares and the vertical lines. These squares represent a "bottom", which is a low price that SALT reached at a certain time. The "bottom" we saw just 3 days ago hasn't been touched since late November 2017. Back then, after this bottom was reached SALT had a nice run. Now, after several strong breakouts, which is a very strong signal for upward action, SALT is breaking out again on the daily chart. Today breakout is really STRONG. - We are going to use these signals, together with some others, to pull out some targets and profit from this trade. - On the daily chart, the MACD is crossing over just now, still just getting starting, but already pointing upwards and with plenty of room for growth (we are near the bottom). The RSI is just bouncing from the oversold line (You can get a better view of the breakout and other indicators on the 4 hours chart). - The STOCH, DMI and OBV are all trending bullish. - The TD Sequential indicator is also on our side and the weekly chart is forming to close on a positive candle. This candle is closing tomorrow, but it is looking like it will be a good close for a positive week, next week.
You can aim to sell between the first and third target, depending on your buy in and patience. I will be aiming for the second and third targets. The rest is for reference and just in case SALT growths becomes really good.
Stop loss: 0.000399
The cryptocurrency market is bearish right now, which includes the Altcoins market, so the price can go up or down. If the price goes down, the number above, the "stop loss", is where you stop your loss. This is where you give up the trade. The stop loss is not your goal, but a fail safe mechanism. If things go bad, you cut your losses and move on. Your aim should be to sell on target, this is only useful if the price of this coin starts to go down.
MESSAGE: TODAY CAN ALSO BE GREAT
Everyday is great. For me and for you. Everyday can be awesome, regardless of what you do.
How can everyday be a special day? How can you have everything always, even if you are missing some things?
Today can also be great. For me and for you.
But how can you make today and everyday a great day?
It is easier than you can imagine, here is the phrase that you have to say:
"Today is going to be really beautiful. Today is a great day".
Repeat this every single morning, just as you wake up, and you will see how things change.
Namaste.
評論
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A closer and better look at the daily chart (the one above is no good):
評論
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We ate the sell wall as if it was fully natural and organic candy. Now let's keep on climbing to the top.
We need to make some nice, relaxed and easy money to counter the slow days of this slow markets. :D
Thanks again for following my trades, hitting like and sharing as well. Your comments are also highly appreciated.
I truly appreciate your continued support.
Namaste.
Oh wait... REMEMBER...
YOU DESERVE THE BEST!
評論
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Our trade is still active, as our trendline has been holding but make sure to activate your stop loss. If we break the trendline and start going down, this trade is done.
Here is our stop loss: 0.000399 (it will all depend on how this hour closes, but it looks like it will be taken down).
Here is the 2H chart:
評論
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SALT is a good project with long term potential, but if it is going to consolidate for long, it is better to wait on the sidelines and open a new position again in the future. But this coin can be hold long as we are already very close to the bottom.
交易結束：達到停損點
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If you had your stop loss active you are out of this trade, as our stop loss hit, but if you didn't activate it you can still keep this trade.
The price bounced strong after reaching bottom, but we still have to face resistance around the 0.00416 levels. So we have to close above this line to signal strength once more. Here is the hourly chart for a short term view:
I am closing this trade. I will reduce the use of stop loss in the future and there won't be anymore trades until the market is bullish again, when Bitcoin breaks and closes above the strong resistance that it is facing now and finally closes above the $13,000+ price level.
Quoted from my comment on JANUARY, 26. His last ten calls were either hit "hard stoploss" or put you in 20% - 30% loss. Congratz for those who took my advice. SALT was pre-pumped heavily in the morning by his paid group.
" My advice to you guys: DON'T BUY RIGHT AFTER HIS CALL. Alanmasters' s VIP and GOLD group will DUMP on you. You should wait for the retracement. His group is getting bigger and likely becoming a PUMP & DUMP Group at some points.
On a side note, Alanmasters is here to make profits. He's not doing it for free. He always gives BIG NUMBERS Aka profit potential to lure inexperience traders to his VIP group. His tactics will likely work in BULLISH market when people are ready to throw their money no matter what the position they get in because they know they can sell higher. However, it won't work in BEARISH market. BE CAREFUL "
@secret_3108, I’m inexperienced. Any ideas how I can minimize losses with this SALT trade?
SecretCove
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@srnassar, wait, this could be a cup and handle forming. Look at 4h chart.
kmusicsound
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@secret_3108, i wish this was true, I’m part of his vip group and sometimes he posts things on trading view before he shows us or he posts them at the exact same time . I wish we were a pump and dump group so I could make some money in this bear market.
Alan, I think you are posting too many trade ideas and not focusing on quality. The alt market is not very good, and has not been good for a while. trades you post are consistently tanking. Lots of the trades you post are among the worst performers in the market, and are worse than randomly picking an alt. I think you should slow down, and focus on quality.
akaashhazarika
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@BMasked, I think my random picks work better than his analysis. Consistently losses while following his recommendations.
amitrana05
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Sorry to say but most of your calls in past have lost 45 days have only lost me money :( here are some of the trades suggested by you
I suggest people to follow Alan only when market is Bullish, in this kind of scenario, the low market cap coins he suggest will only lose you money :(
" My advice to you guys: DON'T BUY RIGHT AFTER HIS CALL. Alanmasters' s VIP and GOLD group will DUMP on you. You should wait for the retracement. His group is getting bigger and likely becoming a PUMP & DUMP Group at some points.
On a side note, Alanmasters is here to make profits. He's not doing it for free. He always gives BIG NUMBERS Aka profit potential to lure inexperience traders to his VIP group. His tactics will likely work in BULLISH market when people are ready to throw their money no matter what the position they get in because they know they can sell higher. However, it won't work in BEARISH market. BE CAREFUL "