As we can currently see the frustration in the market. But again with patience we will see an ATH+ with XRP
On the weekly chart we drew a zone from the previous support and as we can see the market is respecting the .90-1.00 range very well
From the previous push up to a $1.96 we can see it took that period nearly 5 days after touching that support twice.
This week on AUDUSD, we can see price has broken the down trend, created a V formation in the chart and has now come up to the previous high at the 0.66670 area.
Price hasn't yet hit it's final level of fibonacci resistance at 0.786.
I will be keenly watching this pair, as well as AUDCAD and AUDJPY to see what trading opportunities...
This chart is a simple overlay of BTCUSDSHORTS (Blue) vs. BTCUSDLONGS (Red). It's obvious - since the end of 2017 BTCUSD the overall Bullish/Bearish conviction has changed from bullish to bearish. The lower highs at the bullish side indicating a loss of bullish conviction. On the bearish side, higher lows are showing more and more bearish conviction.
Greetings to all other contrarians and bears out there.
The moment you have all been waiting for has given us a small taste of how dangerous the markets can really get.
I just want to leave by saying that:
"Beauty has a name, and she is called VIX".