XRPBTC is in a good position for long Position , as you can see XRP broke one of the most important resistance today and its trying to stabilize itself above the 2230 Resistance .... as soon as stabilization of the price it may get a small correction for the next movement/testing the next resistance... well time will tell what will happens.
Top Bollinger on 4hour and 1h
At overhead restiatnce Level
Whicks off over head downtrend restsantce
LOOK ING FOR WHICK TO .16
^wHICNK OUT SIDE BOLLINGER ^
!!ON FOUR HOUR AND ONE HOUR!!!!!!>>>>>>>
.1441 FIRST TAKE PROFIT
WOULD LOVE TO SEE IT HIT 12 CENT ON THE SWING DOWN-- HOPEFULY BLEED LONGER
The exchange between gold and U.S. dollar has traced well with the Stochastic indicator for the last three years. Suggesting that it's been trading with a horizontal channel. Doing a forensic analysis, we notice the exchange's reaction to the robust ceiling at $1,350.57, that it's action is no different than the reaction towards the end of 2016. In that case it...
As indicated on the chart ripple bounced perfectly off the trendline . It showed great volume, meaning that it is likely it will go further up.
When the triangle breaks i expect an upward movement. (it can break to the downwards side so be aware, allthough i think it is unlikely)
It should be said that every alt coin is depended on BTC 0.94% movement. BTC 0.94%...
AT this aspect of the analysis will be straight forward because at this point, after studying the long-term trend (5-yr), we discerned that the price was trending up. After looking at the 1-yr chart my conviction hasn't been swayed although the price's trend is heading into a resistance cloud and 31.8% resistance level I feel there's enough momentum to break...
I think Ripple is ready for another swing up followed by a pullback and a new swing up. As we can see the area's for the potential upsides are a resistance followed by fibonacci area's and the swing are about the same size as last time.
Time to take profit on the Bear Put Spread and look at whats next.
This stupid huge downcandles must be triggers by Algos and stop orders. Seems like prcie now stilised so its sime to start collecting call premium :) Since IV zincreaed...
The yen pairs have been climbing very high for the pass few weeks. It seems as though price is getting rejected to go any higher. We will see if price will continue falling after it touches the trendline. Still a good opportunity to grab a few hundred pips.
Looking at a Gartley pattern on the EURAUD that completes at a major structure level.
The level has been hit several times (it goes way back, beyond what i can fit in the picture) and the price has turned and bounced many times.
This time along with a Gartley pattern completion.
We have a nice 1:2 risk/reward on the first target and more than 1:3 on the second...