Too early? :)
Disclaimer: As obvious as it is, every one isn't bright or even as smart as a rock, so before the FBI comes to kidnap me, I want to make it clear I am not promoting the Iraqi Dollar scam. Anyone that falls for it is a cretin. Society provides too much support for these people, they clearly should never have passed natural selection. Dumbest...
Indicators
Weekly RSI (orange bars) new lows week after week, now deeply oversold.
Weekly Stochastic RSI flat lined with D crossing K.
Together a good indicator for swing entry.
Not necessarily an indication for a price bottom (see my XRPBTC chart), but typically safer than any other rsi/stoch values.
Candles
Currently scary. Watching the weekly close - will...
a new generation of noobs are coming? people are getting reke again and again on those ieo scams. buy at the green box, wait for cz to pump ur bag, and noob fomo iin
This "bull run" (laughs) is a complete fabrication fueled by manipulation.
The top is most likely in, and it's all downhill from here. Bulls are in a state of elation and it's time for "them" to pull the rug. There will be a series of bulltraps as we fall down, with less and less strength as bulltards lag behind trying to long the "dips" until the reality of...
The nature of The Ponzi's 2017 tether/ scam pump / euphoria blowoff changes and elongates all the characteristics of prior crypto market cycle structures like that of the 2013/2014 cycle.
These aren't much different times for crypto, and still retained within its underground corridors mirror many of the same problems and ghosts which haunted its seedy underbelly...
As described in the title, we have a clear breakout followed by some consolidation. I would guess move up is to come soon.
There is a nice R:R in this trade.
I expect a huge dip on xrp, for august 2018 xrp is stuck in a small range. All crypto had a cup and handle formation with a dip valley but not xrp it needs this dip!!!
Alt market capitalisation divided by the Bitcoin market price to exclude Bitcoin price distortions.
Quite often alts and Bitcoin are strongly coupled. Here the altoin market cap is divided by the Bitcoin price to remove any such coupling from the trend.
Indicators
Similar to XLMBTC (see chart below). RSI continued weekly lows, very oversold. Stoch. rsi shows prolonged flatlining (becoming a record for Ripple). Price can go lower but a rebound is imminent in the coming week(s).
Candles
Still looking heavy. Reversal candle such as doji, pin bar or hammer on the weekly timeframe, together with RSI/stoch. values,...
Can you imagine a Tesla bull say "evil big money they knew" when all this information was available to the public?
I would not be surprised actually. I don't get how clowns like this get involved.
Nyways this is the story:
Elon & Kimbal start in 1995 with a dot com company named Zip2, with money raised from a small group of angel investors.
They took advantage...
Point is to tell something about this setup, but this is very clear, we need to entry on bullish divergence on RSI and near level of 350. Good luck. Thanks
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