Jolly Trades - Jian Jolly's cryptocurrency speculation thread

[JollyTrades]

Hello everyone,

I'm Jian Jolly, a professional investor specialized in the active management of stock market portfolios. In this thread I aim to present my speculative trading ideas regarding cryptocurrency markets.

Please don't hesitate to put your comments here!

[JollyTrades]

TRADES

1) April 5, 2016: ETH short @ 11.15: Stopped out at B/E on May 16, 2016.

2) To come... (or maybe not; I'm so busy with other projects and maintaining this thread isn't my priority atm)

[Patatas]

Hey Jolly! I will surely keep this thread in my watchlist.I'm a trader too,I have few investments in the stock market,long term shares and recently I have started investing in Altcoins.Since I don't have a economics background,it becomes difficult to represent data in charts/graphs for speculation.If you can present such data or give some tips for maximum week returns i'd be grateful.

[Oriannaa]

Just know despite the great thread youre about to start.

Know the factors that any TA technical anaylsis you bring up with a trade setup is still a speculated gamble lol.

[stereotype]

So you may just follow the link to see the idea: NR breakout at possible shoulder

Putting a down slope line across recent highs, parallel with the one you already placed, would give a good channel play. The $6.5 level looks valid, to me.   

[stereotype]

.... the next target being the rectangular support area in the chart.

Buy orders @$2.9-$3.2  ~25th April it is then!

Cue the outrage 

[BitcoinHodler]

this is a great Topic in this section, i wonder why there is not much activity in it from over a month ago when its started!

i will definitely follow this topic, and @JollyTrades please do continue posting here with more of your cryptocurrency speculations.

[target]

this is a great Topic in this section, i wonder why there is not much activity in it from over a month ago when its started!

i will definitely follow this topic, and @JollyTrades please do continue posting here with more of your cryptocurrency speculations.

Maybe because like the rest of the users who knows technical analysis don't coordinate well in terms of cryptocurrencies since the market is mostly drive by the development of projects and manipulation.

@BitcoinHodler,

Thanks for the nice words! Unfortunately, I don't have much time to have a look at different altcoins, since I trade no crypto to be honest. But I will definitely try to keep the BTC and ETH charts updated.

Here we go with how Ether looks at the moment:



Tested head-and-shoulder didn't allow a break down, after which the double bottom drove the market higher, conforming the daily TL (green dashed line). Now we are both in the shoulder level of the mini H&S at the all-time high, and also at the target level of the double bottom. If the market breaks above this level, it will signal further buying; on the other hand, if the green line breaks down, the double bottom level is targeted.

Link to the idea: ETHUSD 1h TA

it had a strong support level below just on 7.2, you could anticipate it will go bull after. why didn't you use candle sticks?