My wife has gone missing and she's taken my wallet... lucky I don't hold cash anymore only Crypto ;p
Marked on the chart we have a lovely zone of resistance that has been used before, so we are expecting bullish movement up to this area and then a bounce and some bearish movement, that's what the technical analysis is telling us.
On the other hand if we break...
Welcome to my weekly TOP DOWN ANALYSIS. Quick review of what im seen this week in the crypto markets.
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"Always trade what you see, not what you think its going to happen"
Haven't really been looking at Crypto lately due to other obligations but a friend of mine asked my opinion on XRP and if I thought it was entering a new Bull market soon considering BTC has hit 9400.
Drew this out real quick and thought it was interesting enough to save so I can remember what I did. Explanations are on the chart.
Opinion: Currently no signal...
Are we fucked? Ripple is taking too long, other big tech companies are seeing what cryptocurrency can do, and now we have the zuck trying to be the big global leader.
Facebook cryptocurrency is also reportedly supported by:
Coinbase – cryptocurrency wallet and exchange platform
BisonTrails – infrastructure-as-a-service company. Its platform enables...
What do we have here?
Looking at XRP on the weekly. First thing that jumps out to me is location.
Location looks great. Investment grade. Throughout the later half of 2018 and in to 2019 we based right off the original market structure breakout level at $0.2999 in 2017.
Certainly not in shorting location on this weekly chart.
The 2018 lows at ~$.0.24 seem...
#XRPBTC Finally broke resistance and Achieved our First Target.
Next Target on the way.
All Told me #XRP bearish but I only told Bullish
Finally we won.
I booked 45% Profit on #BITMEX .
Congrats all guys.
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61% - this has been the difference before the last short rally has begun and its high.
25% - has been the loss in the following. 32% - the next rally, 19% the next losses.
The amplitude is getting tighter.
Taking a fib retracement from the first rally (may 10 to may 16) and shifting it to the end of the correction (may 17) one can clearly assert, that the turning...
Yesterday's swing low validated the support lost at the 4H doji. This will provide resistance and a short opportunity. We should get a swing low to the .33 handle now that the leg to the left is exhausted :).
The XRPUSD "Ripple" has been moving higher in wave (3) since the bottom of the May 23 low at 0.35976.
The recent rally from wave (2) low at 0.35976 unfolded as an impulse Elliot Wave structure in wave (i) in blue. According to Elliot Wave Theory, a three-wave pullback follows every impulse move before price resumes in the direction of the larger trend.