XRPUSDT | 1H | Heikin Ashi Candles | Scalping Patterns
I constantly draw the same buy zone areas on almost every chart on any time frame. I feel this works well.
I'm constantly watching for the moving averages to reset to the way I like them and that's: Yellow MA moving under the Blue MA, Blue MA moving under the Pink MA.
As the price(Yellow MA) begins to break through the blue or if you can spot this in a green trend change candle prior, time to enter in position.
Almost always, the Price will reject off the Pink MA, Price will drop to the Blue MA as support then continue to move up with the Blue MA eventually breaking through the Pink MA. with that said.....
1. Buy the blue MA break through
2. Re-buy the support after its rejection
3. Sell when price hits resistance after the Pink MA break through
For drawing channels, I try and draw them as soon as I see 2 wicks form on the support and resistance. This give me an idea on how the price will move through the day which is usually bouncing up and down.
MACD: shows bullish support through that whole ordeal
RSI: no clear signs
Support Buy Zone: $.437 - $.446 - This is the current bottom support if XRP takes a fast dump.
Good Luck, trade safe and set stop losses to minimize losses. Also tomorrow is expiration of CME futures contracts so be careful
I'm constantly watching for the moving averages to reset to the way I like them and that's: Yellow MA moving under the Blue MA, Blue MA moving under the Pink MA.
As the price(Yellow MA) begins to break through the blue or if you can spot this in a green trend change candle prior, time to enter in position.
Almost always, the Price will reject off the Pink MA, Price will drop to the Blue MA as support then continue to move up with the Blue MA eventually breaking through the Pink MA. with that said.....
1. Buy the blue MA break through
2. Re-buy the support after its rejection
3. Sell when price hits resistance after the Pink MA break through
For drawing channels, I try and draw them as soon as I see 2 wicks form on the support and resistance. This give me an idea on how the price will move through the day which is usually bouncing up and down.
MACD: shows bullish support through that whole ordeal
RSI: no clear signs
Support Buy Zone: $.437 - $.446 - This is the current bottom support if XRP takes a fast dump.
Good Luck, trade safe and set stop losses to minimize losses. Also tomorrow is expiration of CME futures contracts so be careful
Comment:
Here's the same entry pattern on the 15min. Worked out well today with good profits.
Comment:
I've been trading only XRP this past week. Price shot up around 0630am. est. seems like a common time range for crypto to skyrocket. Here's a clear bounce off the Blue MA = Bull Flag. I've just been buying and selling at the spikes....if i am up haha. definitely wasn't up when price hit .59'
anyway, SWELL conference is tomorrow so watch out for dump...if it happens. Buy the rumor, sell the news concept. Anytime, Xrapid will go live so watch out for that. My team is expecting a massive spike after this.
anyway, SWELL conference is tomorrow so watch out for dump...if it happens. Buy the rumor, sell the news concept. Anytime, Xrapid will go live so watch out for that. My team is expecting a massive spike after this.
Comment:
4HR looks good. Yellow MA(Price) is moving above the Blue MA. You see the support bounces and the resistance points.