NoobOfTheMonth

NoobOfTheMonth Updated 

Imo VET mostly follows the simplest of TA rules. Bitcoin will soon be at new ATHs and once the money rotates into Alts the party is on. The RSI is set at monthly. Much room to shot up into overbought territory of 90+ Plan your exit strategy. Dec/Jan may be the top.

NoobOfTheMonth Updated 

Let's see if the 4-year Macro Cycle continues this way. PS: Since 2013, September price action was always corrective or sideways.

NoobOfTheMonth Updated 

Money Flow and Accum/Dist are Indicators that are imo best used on higher time frames (monthly, weekly, daily) to spot reversal signs of the price trend. Slow and lagging, but clear. XRP provides some very interresting patterns on the weekly chart on both indicators for weeks now. Money Flow had a clear bullish divergence that played out nicely. Accum/Dist, oh...

NoobOfTheMonth Updated 

Some of you may have seen XRP log charts with a straight diagonal long-term channel. I painted one in grey. It is nonsense to draw long straight diagonal lines on a log chart. As we see the absolute price increases exponentially, so the "line" needs to be a log-function resulting in a flattening curve the higher the absolute price jumps become. Sadly,...

NoobOfTheMonth

Some of Tsaklanos 1/99 Investing Principles (from investinghaven.com) Only 1% of news is relevant to investors while 99% is noise. Only 1% of price points on a chart are relevant while 99% is irrelevant. Only 1% of the blockchain investment opportunities as well as crypto investment opportunities are really attractive. Only 1% of the time should investors be...

NoobOfTheMonth Updated 

Weekly Moving Average We have a death-cross on the weekly 50-100 MA. That is bearish. The 50 MA is flattening out slowly, that is a good sign for stabilization (sideways market), imo. The 100-200 MA are still pointing upwards, so the overall long market trend of XRP is up, imo. Price ranges below 50-100 MA, above 200 MA. It may test 200 if the bear market...

NoobOfTheMonth Updated 

stockcharts.com The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting...