FCT/BTC looks like a buy now.
We have a 21/55 MA buy cross to happen today/ tomorrow. We are still in 2 parallel channels and will see in which one it will continue. From a fundamental side, there has been an increase in protocol usage which is a good sign as well.
I would buy some upon volume confirmation.
Factom has exceeded even the bravest of expectations this month. I have previously mentioned that it was in a very oversold territory and that it was natural to retrace back up but boy, was that a run! Honestly, I am pretty down at the moment on this trade as I have gotten into a short at the 190k level previously looking at the TD 9 - 1D...
Double top, RSI going into overbought, MACD giving sell signal, within a strong resistance area, top of the channel, BTC finding solace at the new lows, all point to a distribution period for XRP. Should go down to lower support levels.
Well, that was a nice run up and we hit our head on horizontal red resistance like we should. We tested the resistance area twice and went down to test the support area. Al nice but will we get some more love?
That is the question but for now we should:
1. Wait for RSI to cool off so expect a bit of zig zag price.
2. Give MACD a chance to...
Hope you made some money on XLM's flight to glory during a time when the whole market is bleeding. Looking at the daily chart, we can see a bearish divergence between price making HH and RSI making a LH. Couple with that, we see a typical shooting star that has yet to be fully formed during the remaining hours for the candle. I will be taking a...
Looking at the king, I do not like that the flag has been broken. Looking for action near the support zone to bounce from it and resume testing the 6700 range, hopefully.
The eternal conflict between angels and demons, bulls and bears (they are the same kind tho) is raging at the moment. Maybe the bears need to win this round, so the bulls take the battle.
Forgot my Doge memes at home but this is far away from killing time by looking at memes and scrolling and laughing and scrolling. This is about making money so follow this trade as there is a bullish divergence, price is sitting at support and overall market sentiment is up.
Buy doge: 55-58sats
Sell/ take profit: 67 sats and hold to see if we go above...
Great run, all the way to the top of the channel and beyond, going through important 8200 sats level and hitting its head on the 8700 level. We should retrace now to at least 7700 sats, I have a short from 8500 when it confirmed it would go down. Maybe we will do a M shape with a double top prior going to bottom of channel. Of course, it is possible that after the...
We have a strong bullish divergence on the 4h, 1d charts. Price almost hit horizontal red support, this should be an easy buy. Exit or take profit up to you. Look for price action at local resistance areas. If BTC goes kaboom on Saturday, you might want to hold for a bit.
Sideways action has slowly drained the volatility in the market and it looks like the market is taking a deep breath prior to a big dive or a big jump. What I am observing on this chart is potential upwards movement because:
1. Price is crawling at the lower line of the ascending channel.
2. 20 MA is sitting below us and coincides with the...
On trendline support and local descending channel resistance. Price is looking weaker with that volume but it is a roll-the-dice kind of scenario now to be honest.
Personally, I think it will go down but wouldn't play with too much on it.
Let's see how the next 96 hours play out.
Less is more and the more we draw stuff on our charts and look for confirmation of our internal desires, the more we actually start making mistakes. So why am I not listening to this rule?
Well, it is good to look for confirmation signs for either direction. At this point, I believe XRP will go down in the short-term and then there will be a...
If you have been checking out my charts you have seen that each chart is a piece of the story that we are the main protagonists in. In the previous chapter I got burnt due to relying too much on a falling trend line and wishful thinking - check graph below. I attempted afterwards to catch a falling knife and guess what, I am missing 2 toes now and...
So XRP/BTC broke through the descending trendline with good volume but not much follow up. This is important as it teaches us not to buy the breakout but to buy the retest of the support once the breakout happens. There was also an ascending channel that was broken down and currently formed another acsending channel and we are sitting at...
This is a continuation from my previous ideas which are still in play. We are now looking at more signals pointing to the downside. FIB retracement alligned perfectly with the charted red support zones. We are currently trending below the 20 MA on the 4H chart and price is looking weak. I expect going down prior to moving back up where we deserve to...
This is an update on my previous idea:
Seems we have dropped down from the up trend line support on the 4H chart. Price is showing decisiveness and levitating within the 8600-9000 area. We should go further down to test the 20MA. Even though there is the Swell event today, from...
Looking at the XRP/BTC chart, it seems we are favored to go up a bit until we test the falling resistance line. Upon break, we should hit the horizontal resistance and then probably retest the support at the uptrend line. Should it hold, look at price action and notice buyer pressure which would take us to the previous high during the pump this...