Overview:
Short-term bear trend in the context of a longer-term bull trend.
Resistance @ 13000-13500
Support @ 10000
Symmetrical triangle (continuation signal) + falling volume.
Inside bar setup w/ false break (blue rectangle)
Keep an eye on which way the price breaks--above or below the triangle and inside bars.
Remember that we are in a bear trend. Trades...
1.) Price tested 11.9k range high resistance - rejected.
2.) Hourly hidden bearish divergence in tandem with rejection at resistance.
3.) Short-term support based on two swing lows at 11k.
4.) Range: 11k - 11.9k
5.) Still eyeing a run of the 10.5k range.
i believe bitcoin is going continue going down due to selling volume is still for the next few hours till we start seeing a bull market again. based on my theory im still new to this
Please note that this type of recommendation is not followed up. Set your target and stop your loss yourself. If the analysis agrees with your idea of view (make sure that the analysis agrees with your idea of view, the analysis is not followed)
alot of energy is in here and ALOT of upcoming news ....
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At this point it is obvious that Ripple is in a downtrend and some are recommending to buy it now but I think that would be a mistake. Based on the chart it has the potential for much more pain in the short term and could possibly test the bottom of the lower channel. In addition Ripple has broken below the 200EMA and I would consider it a no touch until the...
Finished its 3 wave ABC correction and has started its first 3 waves of impulse now going into its 4th wave correction before entering its 5th wave.
Let me know your thoughts!!
Disclaimer : Anything that I say is my own opinion. I have been doing my own personal research and believe that TRX is an excellent investment. After following it for a few weeks I made a small investment. Any money that you invest is your responsibility. Do some research and learn about the currency yourself before putting your hard earned money into it. This is...
