JohnKelvin

JohnKelvin

First name:
John
Last name:
Kelvin
Registered:
02-18-2018
Followed:

Published trade ideas

BCHUSD
BCHUSD
PAIR:BCHUSD THE DOUBLE BOTTOM. The double bottom with V(adam) and U (eve), for more details on how to trade this pattern or you want to know what to do whenever you see this type of chart patern, kind check the previous chart on ADABTC below: https://ci.covesting.io/tradeidea/adabtc-3 At the same time using the ICHIMOKU METRICS;Tenkan(T the blue line), Kijun(K the red line), senkou span A&B(A green ema below the cloud&B above the cloud) and lastly the Lagging span. On the one day time frame using the default setting of the ichimoku 9 26 52 26, price has broken the cloud resistance and has closed inside the cloud. There is 75% probability of price reaching the upper cloud( which will inturn serve as a resistance), this trade set up is called THE EDGE TO EDGE TRADE. MARKET SUGGESTION: Wait for confirmation – price to close above the peak between the valleys, as this will give the confirmation of price reaching the target on the chart. VERDICT: BUY:800USD SELL:839usd up to 920usd STOP LOSS:729usd Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk. $COV HODL
ADABTC
ADABTC
PAIR:ADABTC THE DOUBLE BOTTOM(ADAM&EVE) The Adam & Eve double bottom is a chart pattern that performs best in a bear market. In a bull market, however, it's just an average performer. Before trading, wait for price to close above the peak between the two bottoms, confirming the Adam & Eve double bottom as a valid chart pattern. PREVIOUS MARKET PERFORMANCE: Break even failure rate: 5% Average rise: 37% Throwback rate: 59% Percentage meeting price target: 66% TRADERS GUIDELINES: Price trend Downward leading to the pattern. Two distinct valleys that look different. Adam bottoms appear first and are narrow, V-shaped, sometimes with one long price spike. Eve bottoms appear after Adam and are wide and more rounded looking. Spikes that appear tend to be more numerous and shorter on Eve bottoms. The rise between bottoms should measure at least 10%(or lesser), but allow variations. Tall patterns perform better. The price variation between bottoms is small. The two valleys should appear to bottom near the same price. TAKE NOTE: The double bottom confirms as a true double bottom once price closes above the peak between the two valleys.Without confirmation you do not have an Adam & Eve double bottom, just squiggles on a chart. MARKET SUGGESTION: Wait for confirmation – price to close above the peak between the valleys. If you don’t wait, there’s a 64% chance that price will continue lower without confirming the double bottom. Price must have something to reverse, so if the decline leading to the double bottom is small, expect a small rise. VERDICT: BUY: 0.00002389sats SELL:0.00002542sats up to 0.00002788sats STOP LOSS:0.00002171sats Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk. $COV HODL
IOTABTC
IOTABTC
PAIR:IOTABTC THE BULLISH REGULAR DIVERGENCE(remember there are 2 types of diverence) Bullish divergence occurs when price makes a lower low but the indicator forms higher lows. The two data streams diverge in direction. Price will eventually, usually, follow the indicator higher This gives a sign that strenght is building and will go up, so down trend will change to an up trend. TRADERS GUIDELINES: Price trend Downward forming lower valleys. Indicator trend    Higher valleys. Draw a trendline along the price valleys and the trendline should slope downward. A trendline drawn along the indicator valleys must slope upward. Don't draw trendlines along the peaks looking for bullish divergence. MARKET SUGGESTION Price can still move down a bit or hold its current range. More to this chart pattern, it is gradually forminh a double bottom(with its bottoms with likely U shape)AS SHOWN BELOW: VERDICT: BUY:0.00016327sats SELL:0.00016890sats, 0.00017687sats up to 0.00018551sats STOP LOSS:0.00014772sats Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk. $COV HODL
ADTBTC
ADTBTC
PAIR:ADTBTC THE BULLISH GARTLEY CHART PATTERN The Gartley chart pattern deals with Fibonacci retracement calculation, so without it a trader cant make use of this pattern or know how it works. A fully understanding on hwo to use the Fibonacci retracement would be the best option for traders. PREVIOUS MARKAT PERFORMANCE: Break even failure rate: 10% Average rise: 40% Percentage meeting price target: Up to 97% (97% reach point B) TRADERS GUIDELINES: XA - Price rises from X to peak at A. This is typically a large upward move to accommodate the retraces that follow. AB - Price retraces from the peak A to valley B about 61.8%(NOTE: might really not be the exact figure, but close) of the XA move. BC - After bottoming at B, price climbs to C. The BC move retraces 61.8% or 78.6% of the AB drop. CD - The final leg of the pattern sees price drop from peak C to the valley at D. The CD move is 127% or 161.8% of the BC move. NOTE: If price drops below X on the way to finding D, then the pattern should be ignored. MARKET SUGGESTION: Once price turns at D, buy.How do you know the stock has completed the turn at D? For an estimate of the turning price, use the BC move. CD should be 127% or 162% longer than BC, but be flexible since it rarely holds true( MOST TIMES) The target price zone is between valley B and peak A. VERDICT: BUY: 0.00000227sats up to 0.00000230sats SELL:0.00000232sats up to 0.00000300sats STOP LOSS:0.000000194sats Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk. $COV HODL
CETUSD
CETUSD
PAIR:CETUSD THE BULLISH HIDDEN DIVERGENCE As we all know how DIVERGENCE do play out, but always remember this that divergence has is divided into 2 different parts: 1- HIDDEN(BULLISH&BEARISH DIVERGENCE) 2- REGULAR(BULLISH&BEARISH DIVERENCE) On the 30mins time frame, the CETUSD chart is currently showing a BULLISH HIDDEN DIVERGENCE. A BULLISH HIDDEN DIVERGENCE is a divergence in which the price is making a HIGHER-LOWS and the OSCILATOR is making a LOWER-LOWS. TRADERS GUIDELINES Price trend upward forming lower valleys. Indicator trend Lower valleys. Draw a trendline along the price valleys and the trendline should slope upward. A trendline drawn along the indicator valleys must slope downward. MARKET SUGGESTION: When you spot divergence, recognize that the price trend may change. This doesn't mean an immediate buy, but consider taking a position soon, especially if you receive other confirming signals. NOTE: Always remember to use your stop loss and trade with caution VERDICT: BUY:0.11035063usd SELL:0.11400059usdup to 0.1289064usd STOP LOSS:0.1018964usd Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk. $COV HODL
BCHBTC
BCHBTC
PAIR:BCHBTC THE CUP AND HANDLE FORMATION: A well-known chart pattern by 99% percent of traders out there. PREVIOUS MARKET PERFORMANCE Break even failure rate: 5% Average rise: 34% Throwback rate: 58% Percentage meeting price target: 50% TRADERS GUIDELINES: Price trend Upward/downward leading to the pattern. Price should rise by at least 30% leading to the cup. Shape is like a rounded turn that looks like a cup with a handle on the right. U-shaped cup should be U-shaped, not V-shaped. The cup must have a handle on the right, Handle    Forms in upper half of cup.Cup rims should be near the same price level. MARKET SUGGESTION: Buy when price closes above the right cup rim VERDICT: BUY:0.11290182sats SELL:0.11401128sats up to 0.11670273sats STOP LOSS:0.11005823sats
COVBTC
COVBTC
PAIR:COVBTC MEASURED MOVE UP The idea behind a measured move is that the second leg(and probably the preceding legs) will equal the first leg in both price. That's for the ideal pattern. This version of the pattern sees the second leg meet or exceed the price of the first leg 67% of the time, followed by the third leg which might likely exceed the previous height of the first and second leg price target. PRECIOUS MARKET PERFORMANCE: based on lower time frame( on the 1hour time frame) Average first leg price rise: 13% Average corrective phase retrace: 84% in 24hours Average second leg price rise: 13% in 48hours Percentage meeting price target: 67% Average third leg price rise: 13% in 72hours(or more) Percentage meeting time target: 6% (exact matches only) TRADERS GUIDELINES: The algorithm finds three consecutive turns, starting with a minor low (bottom of leg 1) then a minor high (start of the corrective phase), and then a retrace of at least 70%, ending in a minor low (the end of the corrective phase). It's assumed that the next minor high will end the pattern at the top of the second leg and will probably continue another Leg. Trend    Measured moves are reversal patterns so look for a downward price trend leading to the start of the measured move (for the best performance). First leg Any minor low which leads to a minor high. Corrective phase- The algorithm looks for retraces of at least 70%. Those lead to the best measure-rule performance. Second leg-Price ends the pattern at a minor high. Replicate the procedure of the corrective move. MARKET SUGGESTION: The larger the corrective phase retrace,the better the chance of meeting the next price target VERDICT: BUY:0.00018442sats SELL:0.00019768sats,0.00021948sats up to 0.00024436sats STOP LOSS:0.000159866sats NOTE: Price needs to close out the corrective phase before taking a position. Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk. $COV HODL    
CETUSD
CETUSD
PAIR:CETUSD THE DOUBLE ROUNDED PATTERN The double rounded shaped curved chart pattern is a pattern which a minimum of two touches at the support level at the bottom curved area. Price must make a curved trend to validate the chart pattern. This chart pattern is slight bearish, but in previous market performance it has a bullish probability of 75%. PREVIOUS MARKET PERFORMANCE: Break even failure rate for up/down breakouts: 6%; 13% Average rise/decline: 31%; 17% Throwback/pullback rate: 37%; 59% Percentage meeting price target for up/down breakouts: 75%; 30% TRADERS GUIDELINES: Price trend UP leading to the chart pattern. Shape looks more like NIKE LOGO. Prices move between two converging trendlines. Two trendlines bound prices; the bottom trendline slopes up and the top one slopes down. Price must cross the pattern from side to side, filling the curve with price movement,most times with white space. Touches    Price must touch each trendline at least twice, forming distinct valleys and peaks. Breakout Upward 75%% of the time. NOTE: Take a position only when price breakout of the pattern VERDICT: BUY:0.09018014USD SELL:0.09760573USD, 0.1108132usd up to 0.13434usd STOP LOSS:0.071734 Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk. $COV HODL