Short term bearish, but XRP just created a bullish Hammer candlestick on the MONTHLY! Remember, the higher the timeframe, the bigger the move! Im one of the few bears that was calling XRP to correct to .37-.64 when XRP was at $1.29. Had so much hate by the "Moonboys".. I'm now calling a BULLIH reversal soon right after a nice "wick" down! BUY THE DIPS!! $14 is imminent!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc). You will lose this game following the news and doing what the majority does. News creates emotions. EverythXing you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Dont follow the majority, because the majority will lose in the end! Also, dont buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are BUYING OPPORTUNITIES! HUGE GAIN opportunity in the coming months! NEVER TRADE BLINDLY. USE MULTIPLE INDICATORS TO MAKE CALCULATED DECISIONS. TRADE WITH NO EMOTIONS!!
FACTS:
1. RSI LEVEL 53 ON THE MONTHLY HAS BEEN STRONG SUPPORT AND RESISTENCE THE PAST 7 YEARS! WE JUST BOUNCED OFF LEVEL 53 AGAIN! ALSO HIGHLY OVERSOLD!
2. The monthly candle just created a Bullish Hammer Candle (could even count as a dragonfly dogi!)BOTH SIGNALS "CAPITULATION" BY SELLERS TO FORM BOTTOM AND PRICE REVERSAL!!! Main difference between the two is that the doji opens and closes at the same place. A hammer, on the other hand, opens lower and closes slightly below the opening price.
3. STOCHASTIC RSI LOOKS LIKE ITS ABOUT TO CROSS BULLISH ON THE MONTHLY VERY SOON AND STILL OVER THE 20 STOCH RSI LEVEL!
BUY TARGETS:
NOW FOR LONG TERM HODL!!! OR BUY BETWEEN .37-.65 (Fib levels that could easily wick down these targets!!)
SELL TARGETS:
Target 1: 8.92 (Corresponds to the 2.618 Fib)
Target 2: 14.28 (Correspond to the 4.618 Fib)
Target 3: $50+ (can easily be over $50+ in the coming year! See if you can spot the fib target in diff timeframes?? ;)
Good Luck!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc). You will lose this game following the news and doing what the majority does. News creates emotions. EverythXing you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Dont follow the majority, because the majority will lose in the end! Also, dont buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are BUYING OPPORTUNITIES! HUGE GAIN opportunity in the coming months! NEVER TRADE BLINDLY. USE MULTIPLE INDICATORS TO MAKE CALCULATED DECISIONS. TRADE WITH NO EMOTIONS!!
FACTS:
1. RSI LEVEL 53 ON THE MONTHLY HAS BEEN STRONG SUPPORT AND RESISTENCE THE PAST 7 YEARS! WE JUST BOUNCED OFF LEVEL 53 AGAIN! ALSO HIGHLY OVERSOLD!
2. The monthly candle just created a Bullish Hammer Candle (could even count as a dragonfly dogi!)BOTH SIGNALS "CAPITULATION" BY SELLERS TO FORM BOTTOM AND PRICE REVERSAL!!! Main difference between the two is that the doji opens and closes at the same place. A hammer, on the other hand, opens lower and closes slightly below the opening price.
3. STOCHASTIC RSI LOOKS LIKE ITS ABOUT TO CROSS BULLISH ON THE MONTHLY VERY SOON AND STILL OVER THE 20 STOCH RSI LEVEL!
BUY TARGETS:
NOW FOR LONG TERM HODL!!! OR BUY BETWEEN .37-.65 (Fib levels that could easily wick down these targets!!)
SELL TARGETS:
Target 1: 8.92 (Corresponds to the 2.618 Fib)
Target 2: 14.28 (Correspond to the 4.618 Fib)
Target 3: $50+ (can easily be over $50+ in the coming year! See if you can spot the fib target in diff timeframes?? ;)
Good Luck!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch