nlizotte

XRP/BTC Q4-17 into Q1-18 Tech Analysis

POLONIEX:XRPBTC   XRP / Bitcoin
Hey there everyone.

With the October 12th Swell Conference coming up, it is very likely to see another spike in volume .

The 5201 Sell Wall on Poloniex is indicative of a certain volume level that is required in order to address demand. I would not expect a break in ranging until the crossover occurs. This stated, expect ranging to continue and volume to remain relatively low as the sell wall slowly gets eaten and bought back up.

Ranging trend should be expected to increase in daily trading price range, making more opportunity to purchase and sell with ease.


When volume crossover occurs, we should see another uptrend confirm.



BUYING OPPORTUNITY RANGE:

Below 5201 the Poloniex Sell Wall - Instead of being afraid of the wall, imagine yourself gathering your troops to add to the army. This wall is here for a reason and demands for sheer volume .

SELL WALLS:
Expect this sell wall to move upward in price, asking to be bought up. Again don't fear it. In fact, I would be more afraid of an extremely high volume buy wall instead of a sell wall. Buy walls that do not move suppress price appreciation and Sell walls that do not move give opportunity to purchase before they are broken.
A good upportunity :)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out