Welcome XRP friends! Wondering where we're going? Here are some things to consider :
As we come out of our US Thanksgiving Day food comas, we're looking at some decent gains on the most recent run BUT, you're asking if this is it? Honestly, I think it still has legs for the 0.45 area where we find resistance at the 200 EMA
Look at the fork and see if it makes...
OK crew, if you've been following my previous XRP "Stick a fork in it" idea, we made some pretty solid moves that really focused on ;
A. Scalps and light profit taking
B. Wealth preservation and keeping the portfolio in steady growth
C. General price directions on the daily, which we nailed gloriously
So moving to the new idea here (bonus if you got the library...
If I hear "The bottom is in" one more time I'm gonna run my nails down the chalkboard before erasing the rest of Bitty's vaporous LT gains.
It's a BEAR MARKET and the carnage isn't over, but bulls never learn and the fundamentals mean nothing to speculative and pleb news craved junkies.
1. Long bottom wicks ENGULF, more times than not. So guess what? More down...
No fundamentals at all, just a look back to 2020 and where we might be headed near term.
I know the PPT will do what it does but I'm eyeballin' the convergence of some really low hanging fruit metrics
- Fib eyeball retrace from long term lows
- fork action long term
- long term Cup & Handle post breakout
Just DCA my dudes and avoid an "all-in" on this...
The only thing you guys have left now is a relatively strong VPFR but I tossed in a reverse Fib to show where your price probably SHOULD go.
Looks like I'm moving to another exchange for onramp / offramp again AGAIN!!
Wanna know more about my totally miserable experience with the new platform? Or care to share thoughts / opinions on why CB sucks so unbelievably...
Kucoin has been a pretty solid exchange, their API is fast and responsive with no real downtime or crashing issues unlike some of those other guys (ahem . . Freebase . . I mean Coinbreaks, etc.)
Their native token KCS is a beauty. I had a previous idea posted for it but it's not showing in my ideas stream for some reason. I tend to use charting tools in...
One of the characteristics of a bear market is complacency, lack of interest and downright boredom. The lack of volatility really drives people away especially those looking at other more exciting prospects. There are TONS of interesting projects in the crypto space and Bitty is just not that fun to play with right now unless you use massive leverage on really...
Dropping this idea for a good TV buddy here who was about to shart it.
I have no fundamentals atm, just pure TA and hopefully it plays out well for you.
Key Features :
1. Reverse Fib from High
2. 50/200 EMA's heading for convergence / cross over above
3. Pitchfork (theoretical) looking like it wants to fill the upper channel
4. Volume Profile looks a bit...
Anyone who follows me knows that I sometimes color outside of the lines regarding my application of tools for predictive means BUT, they sometimes work. Again, I use TOTAL3 because of my personal aversion to ETH and all things ERC20. I've NEVER had good experiences with that and prefer faster, cheaper methods to move around the crypto space (ahem . . XML . . yatta...
If you go back to my previous idea for TOTAL3, you'll see that I had "eye-balled" a pitchfork (downward) to show a channel that I figured we would eventually take. I may not have gotten 100% accuracy on that fork but it was obvious (to me anyway) that we had some serious correction coming. That fork has proven itself after all.
So welcome to the next leg of the...
So we've still got a longer term uptrend and Fibonacci channels seem to be holding fast and true. We still have a pretty strong forecast for a golden cross (50 EMA up over 200 EMA).
With the recent pump we've got two possible fork situations with the nearest term fork taking us lower but the the broader trend would indicate more room for higher levels.
A DEAD CAT in the house.
Comedy my friends . . bonus if you instantly got the Warren Buffet reference to Bitty.
OK, getting down to the biz of our darling XRP, some points to indicate here :
1. With the exception of volume presence in the recent range, this bounce looks a LOT like a dead cat which could mean a continuation of the broader downtrend. Let me know...
Hey crew, sorry for not publishing in a long while, been busy coding trade interface stuff and getting Pythonic
So here's a quick update on the crypto beauty XRPaaaay
1. This Fib channel sits nice on a longer term trend and the price action / conformity is pretty snug
2. The 200 EMA could hold but let's face it, XRP usually dumps deep after most pumps and I...
So we've gone back to the future with a little help from the UST crew and it happened sooner than I'd expected but let's look at some very simple facts . .
1. Do you really think the central bankers of the world are just going to sit idly by and let "the people" control their own financial destiny with decentralized mechanisms that they can't easily extort?
That was a pretty gnarley selloff and came earlier than hoped but if you had at least one short bag then maybe you added some stablecoinage to your nut on the cover bounce? but obviously not UST.
These are treacherous time for crypto speculation and the dark pool whales have plenty of muscle to shake most weak hands from their stash.
Some things to consider as...
Just some simple T/A here on this, no real fundy's or info to share there but it's O&G which isn't going away just yet.
Some key notes :
I like this for the cup & handle 1st stage breakout characteristic but these OTC's tend to do pretty deep retracements. We TP'd a small 30% profit as the right side of the cup shaped up nice and peaked.
Cup & Handles...
I'm breaking TA rules here and using a fork in a slightly improper way I know, BUT, "Trust me bro, I've made bongs with less" . . Bonus points if you get the vague movie reference (I don't actually "toke up").
Getting down to business here, just look at the conformity and the historical Golden trendline. We may not be able to short this beauty at the mid-line BUT...
What has opposable thumbs and likes scalps? THIS GUY!
Seriously though, just gonna drop some hot spots on ya.
The up-fork has stolen the show so far but again, this is a game of composites and spreading risk across some kind of a Dollar Cost Average (DCA) strategy.
I like XRP for long and short term strategies. I keep a long cold bag from $0.20 that just...