A chart is based on data.
After data is created that comes from price action on a 60 Second basis,up to an hourly basis up to a daily ,weekly and so on, we are here on a monthly basis,what is the highest basis, so also the most correct one.
The chart is logarhytmic,not regular.
You may think, that i just draw in the support and the resistance line in nowadays random, but it took the supports and resistances from back than and drawed them into nowadays situation.
as you can see this chart formation (symmetrical Triangle,coming from above) leads usually to a bullish breakout.
People are always talking bout 500 USD prices on XRP. in Fact if i draw in the percentages from the past ath in 2014 the max price of xrp would be around 130 USD.
But the more market capital there is in the market of a stock or a coin, the less the volatility is.
that means the less percentages you will make than before.
This if just logical...no matther, how big the market is, that you stand in front of.
Why? Because i can let the Chart let go up to 500 USD F.Ex. in many moves ,where i always get new entry points at lower levels and in stead of making 500 usd from one high...multiply this from 0.35 to 10 than to 2 usd than 20 usd and so one just as an example.in the long run i make more money in this way ,as a whale.
The diamond Pivots show you mathematical prognoses of exitpoints, that just show the midterm case of an exit point based on the data, that happened in the past.
And when the status quo is still in tact. This will be good levels to exit. However the 5 USD level is nearly washed out of the prognosis. Should be too small.
I guess we will get long here, based on the fact that ripple could be an security years ago but today it isnt.
This is just my opinion and no buy or sell advice, Im invested myself.
After data is created that comes from price action on a 60 Second basis,up to an hourly basis up to a daily ,weekly and so on, we are here on a monthly basis,what is the highest basis, so also the most correct one.
The chart is logarhytmic,not regular.
You may think, that i just draw in the support and the resistance line in nowadays random, but it took the supports and resistances from back than and drawed them into nowadays situation.
as you can see this chart formation (symmetrical Triangle,coming from above) leads usually to a bullish breakout.
People are always talking bout 500 USD prices on XRP. in Fact if i draw in the percentages from the past ath in 2014 the max price of xrp would be around 130 USD.
But the more market capital there is in the market of a stock or a coin, the less the volatility is.
that means the less percentages you will make than before.
This if just logical...no matther, how big the market is, that you stand in front of.
Why? Because i can let the Chart let go up to 500 USD F.Ex. in many moves ,where i always get new entry points at lower levels and in stead of making 500 usd from one high...multiply this from 0.35 to 10 than to 2 usd than 20 usd and so one just as an example.in the long run i make more money in this way ,as a whale.
The diamond Pivots show you mathematical prognoses of exitpoints, that just show the midterm case of an exit point based on the data, that happened in the past.
And when the status quo is still in tact. This will be good levels to exit. However the 5 USD level is nearly washed out of the prognosis. Should be too small.
I guess we will get long here, based on the fact that ripple could be an security years ago but today it isnt.
This is just my opinion and no buy or sell advice, Im invested myself.