Ain't nothing but a backtest?
XRP/USD Bitstamp weekly chart of what looks like a crazy potential backtest or resistance line from beginning of 2018.
Did a measured move and funny enough put me around $1.10 range and back onto the bullish uptrend line. But we would need a very strong bounce from here on large green volume.
Some bear signs at the moment is...
We face some resistance from the 0.382 fib at $11500, so could bounce around here a bit before moving further to the upside.
Alternatively, a break of $10800 could signal a continuation of the move downwards.
Happy trading - and please leave a like :)
Sorry Jeff... time to dump
Tech stock #2 is amazon tech stock #1 is netflix
and netflix is already starting to dump... not to mention Nvidia
dun dun dun! this is unfortunate due to amount of people that will be out of...
We are aproaching the limit for bitcoin's distribution.
We have clearly reached the point in which it will crash (If you dont consider a fall from 20k to 6k a crash).
Once it breaches the 5,5k line the next suport will be around 2,8k but such suport wont have enough strenght to hold it.
So what i am saying right now is that if bitcoin goes below 5k, its gonna get...
IOTUSD recently mooned. Nothing convincing here tho.
Few hints :
- RSI really overbought, but meh this is crypto...
- STOCHRSI over extend
- 0.629 level unbroken yet
- No fundamentals to back the moonshot, this "bottom" bounce might be a trap.
Invalidant factors :
- Solid break of 0.63USD then 0.67USD
- Volume increase + breakout of downtrend...
Hi guys , i decided to make a video to explain my wave count to those who understand Elliott Waves , it broke major lows recently and i believe we got more to come.
Hope you find it useful , you got the comment box down there for any question , comment about it.
As we can see we see a Symmetrical Triangle forming on the daily chart. This also indicates an accumilation zone. Also Bearish Divergend RSI.
Not bouncing on fibonaci levels makes me think well be going lower, although the market cant be predicted since it is manipulated by whales...
Lets just see how this plays out, under 6.800 USD im going FIAT, breaking out...