Been a while since I've posted, please watch the video above for some important updates.
This account will expire somewhere in September after which I will not continue it, as you guys all know I have been working with CryptoCheck and will carry on from that side so please give me a follow there for DAILY updates!
Been a while since I've posted on my account here! I felt like doing something different today (other than crypto) after someone asked me about USDZAR / Forex.
Even if you're not into this specific trading pair, watch the video anyway, I mention some really interesting points that you can apply to your other chart pairs like fib time zones etc.
At the time of my previous publication it was clear that we were moving lower based on Technical Indicators and some chart patterns.
We, have since been GME-d.
See my related video update below on how to spot a short squeeze (and what is a short squeeze, why it happens, if you're not familiar).
Welcome to crypto, sigh.
In order for us to...
If you've followed some of my previous ideas you'll recall we talked about the golden Fibonacci line (0.618 around 31k) and why it is important to close daily candles ABOVE the support. We were trading sideways at the time and I also mentioned how we were experiencing a contraction of the BBands and how it was important to wait for the market to...
I would highly recommend watching the 7min video idea below. (I collab with CryptoCheck for market analysis).
This is a summary of the question I asked as I was looking at the markets today. BTC is consolidating and the market is eagerly waiting to see which direction BTC will go next.
For more info on this, watch the quick vid below. Some great...
I have two price targets for ETHUSD based on chart patterns and technical indicators.
According to chart patterns, we are making lower highs and our current support is not holding (closing candles ABOVE), therefore our next logical step is first halfway, and then the next support.
This correlates with what we see on the technical indicators. Feel...
A quick video update on XRP and what I expect for the near to immediate future.
I qualified last year as an investment analyst, you're welcome to check out my LinkedIn and reach out if you want to collab with me.
For a quick educational idea on volume and support, check out the short video below in collab with CryptoCheck.
Ethereum Classic recently undergone a pump-and-dump and is currently hanging on a thread by our last major support zone.
If we close a daily candle BELOW this zone, I expect more downward pressure.
Check out my related video analysis below,
Expecting more sideways trading for XRP until we see an increase in volume, at which point we will either:
Break and CLOSE above 75c to continue moving up
Break and CLOSE below 60c to continue moving down
Looking at the technical indicators, currently I am more biased towards the latter. However, first we will keep monitoring the volume.
Supply zone = RESISTANCE
Demand zone = SUPPORT
Ideally you would like to see the previous resistance become the new support. If that support breaks, it is back to being a resistance and the PRIOR supply zone/resistance should be watched for a possible support/bounce.
Short term bias - Sideways trading, bearish.
Thank you for watching
During extreme market volatility it often helps to revert back to textbook cases - chart patters, supply/demand zones and so forth.
Here we see an easy to spot, textbook case ascending triangle , regarded as a bullish pattern. It is my expectation to see XRPUSD above 1.10c in the near future.
Not Financial Advice
Quick video update on my expectations for XRPUSD based on Technical indicators and Supply/Demand zones.
I drew in the Fib Retracement and then completely forgot to talk about it. The 'golden' line (Fib 0,618) is something to watch as well. Generally we would want to see it as SUPPORT not RESISTANCE. Currently, it is acting as a resistance line.
Best Regards and...
CONGRATULATIONS HODLERS !!
To all the 💎🖐 here's to you !
Wow, what a ride. I started out with charting, uncertain about what all the technicalities mean, learnt, then I focused on fundamentals, but then questioned those fundamentals. Looking back, there are a few things I have learned during this crazy unpredictable cycle:
1) Don't trust the news
"XRP is up...
According to TA, LTC could be heading back to 135.
If I had a lower entry, that would be where I set my SL.
This will be if there is no sudden increase in buying pressure in BTC (no Tether printing or Elong).
Not financial advice.
XRP did what XRP does and threw a real "sell the news" tantrum. I hope you had some tight SL on your buy orders.
From the 5min chart on the right :
It seems like the dip is over and found support at fib 0.236 (44c)
The BB are contracting, volume is low, volatility might be over for a while.
My bias - bottom is in
From the 1D cart on the...
In the 1D timeframe looking solely at chart patterns, it seems likely that we break upwards towards 64c and that 58c becomes the new support.
However, expect high volatility before the 22nd
And remember, XRP is NOTORIOUS for PUMP and DUMP.
Alerts + buy orders + stop loss
Not Financial Advice
Best Regards, Evelyn