Direct we beseech Thee, O Lord, our actions and further them with Thy continual help, that every prayer and work of ours may always begin from Thee and through The be likewise ended, Through Christ our Lord. Amen
Interesting notes on Monero bottoming vs Bitcoin. There is a double bottom which features a higher low.
On each bottom, the structure is similar. On first botttom, the time between the initial low, and the last low was 62 days. On the second bottom, the time between the initial low and the last low was 60 days.
Also of note, if you zoom way out, these lows of...
Diamonds are often reversals, but Christian Fish are continuations. I haven't posted in awhile, but figured it nice our ancient symbol can have it's own chart pattern in the midst of all the filth we have to see in this clown world.
$ETH3L entered 18.26, stop 16.90, target 27.00.
I am not sure if this means anything or not...
If you take the candle when Bitcoin really broke down November 14, 2018... and then mark a point below it around $2,100... you can draw trendlines that correspond to the price action over the last few months.
As the future data is unknown, i drew a gann fan from the latest trendline to the $2100 level... just to see...
I noticed the similarity in bottoming of XRP 2020 going into 2021 versus the bottoming of BTC going from 2018 going into 2019.
3 min chart vs 1 day chart...but psychology is psychology.
I don't claim to know ripples regulatory outcome, but this pattern is one that may give a good trade.
I will base this idea off of its reaction to the red line.
I'm not super into this trade, it being the eve of US election, so definately manage your risk... but gonna take a link long here vs btc.
Taking the low from October 7 as a basis for a stop, its a 6R trade.
But if the most recent low is taken, it is over a 10R trade.
And if it does get to target area, indicated by green resistance line, around 95000 sats, I...
This is kind of a joke, but kind of not.
Sushi started with a bubble at it's binance listing. Then came the correction, then came the drama, and now its in a bit of a wait-and-see with ChefNomi exit, $band, migration, governance, etc.
Looking at the chart, there are similarities to Bitcoin's 2017 bubble top. Eventually, Bitcoin would return and spend a lot of...
sorry this popped 50 sats before I finished it...
Entry now near 0.0001331
Stop at 0.0001101
Target 1 at 0.0001645
Target 2 at 0.0002349 (front run support from 2018)
Ranges from a 1.5 to a 4.5 R trade.
Can hold 10% for the last target frontrunning support from May-June 19
UIOGD - JMJ
I've had an affinity to silver for many years.
For last batch of years, I've been watching and waiting for any real sustained interest in it wanting to stay above $17.12 on the SLV chart...
This last thrust is convincing. I marked a zone of $17.12 - $17.80 for great time to load up for what could be the biggest SILVER EXPLOSION in our lifetime.
Supporting the SILVER EXPLOSION idea... here is the rising wedge on the Gold / Silver ratio chart.
Below is an example of a rising wedge from the BCH/USD chart that recently played out to give you an idea of how these can move.
Looking at the SILVER EXPLOSION chart, and using this as supporting evidence, only adds to the probability of much gains.
There are several stocks that are worth considering in this bottoming of the Uranium cycle. Some have better looking charts than others, and some have held up better than others. Yet, I've decided to go with $UUUU, even though it has not held up best thus far.
Technically, we may have just seen a capitulation-esque move, setting up the last best chance to get in....
Target 2: 0.31425
Target 1: 0.3015
Entry: 0.2675 (now)
Add on trade: 0.258
conservative 1.5=2 R trade
explanation of my lines
purple: simple trendline to forecast if there is future bullish divergence, and an area to add on to trade
yellow: trendline of previous price action
blue: clone of yellow trendline, can possibly foretell future price...
6 R trade at least
entry: 0.00004099 (now)
i will look to manage trade, take profit, adjust stop around 0.00004500
also, not closing 100% at target. too many big pumps in the market right now to not leave some position to ride one.
UIOGD - JMJ