The 3h white energy lost to the 6h RED RSI, this indicated downward pressure was to continue. 6h white energy did beat the 12h RED RSI... HOWEVER the white energy was higher than the green line (bearish). This told us that the RED RSI in the 12h was the "winner" and was likely going to fall below the 50 level. In which it did and this triggered another NEW race between the white energy in the 12h and the RED RSI in the 24 hour.
Downward pressure is still continuing. Note this DOES NOT mean price action must drop. Could trade in a trading range going sideways.
@Andrewcx, u mean, u hope 0% fib.
Its not reality its more like dreaming and hoping low price for entry.
Dreaming and hoping not help, we have to look real facts..
Andrewcx
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@FlowersFor No, I said, "I think so." The delisting/ suspension period, uncertainty in the market, market manipulation (let's not forget that under the price of 0.17 there are many SLs and sell orders), the downtrend pressure of the indicators in this post, are just a few reasons to believe this. I can't be sure, but we'll see
Could always be a possibility. Don't ever rule anything out of the picture. I have buy orders at 0.22 down to 0.15. IF they get filled I'll be happy to increase my holdings. IF not I still have more bought earlier. Might as well be prepared for the "what IF" moment. I would recommend scattering buy orders between the white lower and orange lower in the Daily TF. I found the best success doing this. Realistically anything sub .17 is wishful thinking, but always be prepared.
WallerBaller
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@AaronWaller,
I used this method, known as "dollar cost averaging" to successfully buy at or near the bottom and sell at or near the top. I was able to buy XRP for 0.1700 14days ago. EXACT BOTTOM. BUT I still had buy orders going LOWER. All the way to 0.07. WHY? Because no one knows for certain where the top or bottom is going to be found. We must estimate and be prepared to "find" the tops and bottoms.