Chart is showing weekly timeframe.
XRP has be hovering and closing above the support shown on chart at around 233cents, which means sellers are exhausted, technically buyers rule!
Fundamental is bullish (good news how XRP partners up with a lot of world banks and financial institutions)
Also, COVID will change the world monetary system into digital to get rid of...
Aiming to cover that wick above USD9000
Expecting a nice volume prior to halving to get buyers before the big boys crash the market from the corona wave 2.
Cryptocurrencies will get affected as well since everything is government owned nowdays.
Long term still 850,000USD++
WEEKEND STORY TIME GUYS! :D
There are no such thing as fake news. Because all of them are already fake lol. Now if you live through a fake life, that fake life becomes your reality.
A recession is meant to happen in 2020. With or without a virus. But if there was no virus, then there would be no explanation on why the market crash. Then everyone would be angry...
Short term long to 25250 ish
Long term, Short to minimum 15-16,000 (MA200 monthly chart)
I'm positive we are heading towards a bear market/recession because DJ just dropped by 50% in 5 weeks of its total hike the past 10 years (2009-2019)
Currently setting up a bull trap to .618 of the total 50% drop
Prepare to hear more bad news!
DJI could be going to around 15-16,000 area along with other indices.
If you go to the monthly chart and pull a Fibonacci retracement from 2009-2019 (down to up) 15,000 is at around .618 (golden ratio)
Fundamentally, the stock market should be f*cked from whatever is going on right now. So this might help.
From there, price might spike up in within weeks to...
Sharing my analysis on XRP.
I plotted this Fibonacci time frame sequence on XRP chart. The starting was:
(0) May 2017 - Impulse
(1) January 2018 - Impulse
(2) September 2018 - Impulse
(3) May 2020 - Impulse
(5) September 2020 - Next High? I think XRP could go to 3 digits.
It's always nice to own some in a wallet (to actually buy stuff in the future)...
Chart is honestly looking really good bullish. I will need more conformations before entering.
There is a wick down at ~6150 and I am looking to enter from there and looking to close at 10,000 or a bit above.
Not a financial advice or whatever, I am just sharing my idea
Reasons to go long:
- Higher lows
- Higher highs
- Candle just breached weekly MA100 after a...
I just figured out this top trend line
It seems like Bitcoin has been actually trading upside the trend line.
had a fake break out down the wedge
If this was the case, I think we might have found the bottom for Bitcoin
Bullish from here