oofd

oofd

Current recent XRP structure and pattern looks like the BTC's bigger macro pattern and structure from the start of the 2017 bear market to March 2020. What is the pattern: 1) Retrace to the 0.618 fib of the entire down move 2) Price goes side ways 3) Price dumps to retest the last order block (OB) that started the initial retracement move up 4) BTC then tops at...

oofd

XRP up here again, this time testing key resistance, the 0.618 retracement (white line) of the last move. In doing so, it seems to have formed an ugly inverse head and shoulders pattern ( bullish ). Who knows? We'll see. Confirmation signs: 4H candle close above white line Entry: Retest of the white line - resistance turn support. Target: $0.98 😱(2 confluences:...

oofd Updated 

XRP's pattern is similar to DOGE's so far... What to look for in XRP for pattern to play out: - close above 4H 20 ma Invalidation of idea: XRP closes below the 0.618 retracement. Although, DOGE did consolidate on it's 0.618 so if I were to set a stop loss I'll give it some room i.e. close below $0.37

oofd Updated 

Speculating a potential cup and handle play on XRPUSD. Handle is still forming at this time. Entries: 1. Enter here for 1:6 risk:reward 2. Safer entry on the retest of breakout from the neckline (yellow) Stop loss: $0.42 (below the low of handle) Target 1 (conservative): $0.56 Target 2 (aggressive): $0.65

oofd Updated 

BTC just broke out of what it seems to be an inverse head and shoulder pattern + a mini cup and handle in the right shoulder - bullish?! We wanna see it close above the neckline on the 4H to make sure it's not a fake out. Entries (green arrow) 1. fomo here (small position only) 2. safer entry (retest of neckline breakout): $38700 Target 1: $42k Target 2:...

oofd

This is looking similar to SALT and GVT before their recent rally. Pros: - consolidation along the 4H 200 EMA - massive volume spike but price going no where - already bounced on the .618 fib after a potential 5-wave impulse move. - triangle pattern after an up move which tends to be a continuation pattern - RSI neutral = room to rise - MACD bullish cross Cons:...

oofd

Pros: - Hidden bullish divergence (purple arrows) - At support - RSI mini bullish divergence - MACD about to bullish cross Cons: - Williams alligator bearish - Just had fairly strong move down Conclusion: Would enter at the break of the previous williams up fractal for confirmation of bullish case. Or if it continues to go down, the next support at the 200 EMA...

oofd

Just an idea... If BTC has indeed broken down from a rising wedge, untested levels marked are where I expect a bounce from. HTF I still see BTC in an uptrend, but watching for a pull back. If price does approach the levels, I expect to see bullish divergence on LTFs for more confirmation that a bounce will occur.

oofd Updated 

- Price now doing a pull back after breaking out of the bearish head and shoulders pattern. - volume declining as price creeps upwards - bearish divergence: price making higher highs but oscillator making lower highs - Overall looks weak from here hence expecting price to drop. However, uptrend is still intact, hence I'm watching how it will bounce from...

oofd Updated 

While descending triangles are commonly thought as bearish, it can also break upwards. According to the pattern site, " Look for triangles with upward breakouts near the start of an uptrend". Pros: - Based on the HTF context, PAY has been on a sustained downtrend for quite sometime so upward breakout of descending triangle (i.e. as a reversal instead of...

oofd

These are the untested levels I expect price to bounce from. Accumulation has already started on LTF as seen in bullish divs. I've orders set the lowest level. Lower the level, bigger the bounce (if price gets there of course).