About meCurrently in my senior year at Maryville College, pursuing a BA in Mathematics. The concept of trading financial instruments came to me due to the fact I have been involved in cryptocurrency for at least 7-8 years. Embracing my newfound passion.
Amateur Speculation Here
I decided to apply a little more time analyzing this chart. XRP is leading the pack in my opinion, and I am hoping for bank adoption.
Possible Targets : .38
Let's see if BTC behaves itself for another month.
On the 4hr, looks like a bullish 4 bar play! Short opportunities will present themselves as we migrate to the 0.25 range and back up to 0.30.
This should be a wide trading range, but with bitcoin going down, the 0.30 ceiling may not happen after all!
Midweek, would like to see bitcoin find support at 10k again, but I'm doubtful.
Stock up on gas, while it is cheap! Will we bounce back from the 50% fib?
We are a month behind the historic price action crude has taken in the past, perhaps due to TSLA causing ripples in the public eye.
Time will tell, keep an eye on gas prices.
As mentioned in an earlier idea, the 0.30-0.31 ceiling could be realized. The psychology behind a round and simple 30 cents, makes sense *geddit*. Though I am unsure, it could yield a safe trading range up to and until BTC decides where it will go.
Just do not get impaled by a macro trend!
It would appear to be trending down, out of sync with the trajectory of bitcoin and currently disagrees with the general, alt-coin season sentiment. Personally, it has been a long time coming for ETH to find its way to the lower end of the top 10.
The first wave down may indeed trend with current price action of Bitcoin, however, short opportunities may be...