Here I show what I believe to be a good short-term entry for quick profits on xrpusd as long as we get the retest. The bounce with indicate a lead to confirmation towards more upside. Of course, it's always the next few minutes that determine the next few minutes. With that said, no financial advice, Safe Trading!
Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
Hi Traders! The market is in an overall Uptrend. We're going to start the MTFA with the Weekly Chart. Then we'll continue with the daily, H4 and H1 Timeframes. Here is the weekly TF: As you can see the market was in a descending Parallel Channel for a very long time. Then, it broke out and started to move upwards. After a while, it started to consolidate in...
Hi Traders! The market is moving in a longterm Downtrend. Let's begin the Analysis with the weekly Timeframe! Here is it: As you can see the market was moving in a Range (orange Box). The extremes Levels were the Resistance at 1.02000 and the Support at 0.96000. It even tried twice to Break out bearish before, but it failed. After that, the market started to...
Hi Traders! The market is in an overall Uptrend. Here is our multiple timeframe analysis for this pair. Let's start with the Weekly: As you can see we are here moving in an ascending Parallel Channel. In addition, there are two important key Levels. Firstly the Supprot at 1.20. Secondly the Resistance at 1.34, where the market is at the moment. The pink dotted...
Been trading this schematic for weeks, and decided to finally post my analysis post-election. Comment your thoughts on the long-term bias if it defers from mine.
Hi Traders! The market is in a Downtrend. You'll discover the behavior of the market for the daily, H4 and H1 Timeframe. This is called the Multiple Timeframe Analysis (mtfa). So let's start with the daily: At first we drew the most important (turquoise) Levels. Then we drew the descending and at last the ascending Trendline. The connection of those trendline...
Hi Traders! The market is in an Uptrend. Let's begin our Multiple-Timeframe-Analysis with the Daily: The market is clearly in a strong Uptrend. We here have an ascending Parallel Channel. The price is also respecting those other S&R Levels. Great, here is the H4-Timeframe: The market was moving in a consolidation. Then it came back and is now retesting...
Hi Traders! The market is in a Downtrend. The Key Areas are: Trendline "Daily Trendline" - descending, resisting Trendline "Bearish Triangle" - descending, resisting Resistance @ 109.900 Resitance @ 108.000 Support @ 106.700 Support @ 105.000 Category: - Bearish Flag Pattern - Trend Continuation When started the Downmovement? It...
Here we have an overview of bitcoin's performance. Since January, BTC has started a downward journey due to its correction. Assumingly, an ABCDE type of correction has been formed which is fitting in a descending triangle pattern. Major Support and Resistance areas have been drawn where the support line coincides with 0.786 Fibonacci level. Moreover, you can...
Here's a quick review of XRP. My statement stays the same as mentioned in the previous analysis. In fact, we anticipated the current formed waves precisely . Make sure to check it out in Related Ideas section . I believe now we are on wave B of the overall (possible) ABC correction pattern. Therefore, I'm expecting a complementary corrective wave C. Of course,...
As discussed in the previous analysis, you can figure that we've hit our target by only 0.007 $ difference. Make sure to check out that analysis in the Related Ideas! Here's another analysis on XRP from a swing trader perspective. As you can see on the chart, This is a correction stage. A symmetrical triangle of type ABCDE seems to be forming within the...
Let's have a detailed short & long term analysis on Ripple! Make sure to check out the previous analysis from Related Ideas section and please let me know your thoughts in the comments! Here's is a bigger picture of XRP from a long term perspective: Because wave 2 only retraced to low Fibonacci levels (0.382), it is expected that next correction wave,...
Hello Traders Here's another detailed daily analysis of Ripple - XRP, but first, make sure to check out my previous analysis in Related Ideas section. We nailed the target by only 0.01$ difference which is impressive! I believe we have started our journey of Intermediate wave 5 where the next long term target could be around 0.97 - 1.00 $. From swing and...
*This article has been republished due to violations of rules* Here's a detailed analysis of XRP on the hourly chart. I believe we have done the ABCDE type of correction as wave 2, now we can anticipate the start of wave 3. Wave 3 is never the shortest, and usually extends to x1.62 of wave 1. First Target = 0.75 $ Second Target = 0.97 ~~~~~~~~~ Make...
Here's a detailed analysis on BTC 0.65% from a swing trader perspective. As illustrated on the chart above, we had 5 complete ways upwards, then we have done an ABC type of correction. Based on what has happened, we have two scenarios which I am going to discuss it here. Scenario 1: Knowing that we have had an ABC correction, we can assume this ABC is...
Here's a detailed analysis of XRP on the hourly chart. We clearly had five waves up ( 5 minor waves = 1 major wave up), then we saw an ABC type of correction (major wave 2 = correction). Next seemed like we are about to begin the start of the major wave 3, however, that's failed. In order to attempt to form a major wave, we have to see another ABC correction....
learn history & be focused on details :)