Dear All, I hope everyone is well. I was busy in the big market today and crushed it. I came back to look at this. This chart is a little complicated. The first pattern identified the the downturn that we are currently in. XRP has a history of this type of movement and I generated a potential pattern to provide data for placement. The green box...
Next Stops at 8200ish and 7400 ish.....Tickets Please Tickets Please
This is an extension of a previous drawing.
Hmmmm.....The earlier pattern this month is proving the point that BTC is continuing down. Note we are at the infamous 1.272 extension. Since there has not been an uptick response to the retest on the 17th, I am predicting that BTC will extend to the 1.618 levels. Big money wants to shakeout the weak and then control BTC with the futures markets. Why do you...
Watch this are for a hook formation. 1) must be below the zero line 2) Usually results in a volatile move to the opposite direction 3) Last move was near 90 cents in 2 days. 4) we may hit .88 again SEE XRP cross of death for a hook formation and results.
The Red Wavy line is the 50-day Moving Average on the 4hour Chart. This is acting as resistance. The Blue Wavy line is the 20-day Moving Average and that is closing in on the 50. It too is acting as resistance. The Gold Wavy Line is 9-day MA and it follows along. The regression channel indicator captures the bearish trend nicely. However, this tool is showing...
The PSAR, an early indicator, has crossed.....While other indicators are trailing, this is the first one to indicate that the bears are weak! Watch the MACD and BB%
A Fishing we will go Fishing we will go Oh Hi108 the merry oh A fishing we will go!
This Chart is the 15 minute for ripple....but it could be any of the major cryptos right now. Each Blue line represents a period that consolidating or small reversal the creates an uptick of .10 cents or more in the downward. Most importantly, I am learning the "behavior" of cryptos in a bear condition. I thought this to be enlightening and I may consider...
Here is an update on my plan and observations. The Fib is set at Ultimate Low and Ultimate High all data. RIpple is still bearish but holding at the Golden Ratio. The present 1.16 ish range is now showing a strong support with either touching candles or closing candles. The.5 Fib is resistance The MACD is still downward and still weakening. The Bolinger B%...
The PSAR is extrapolated to show its activity against the candles. Each purple line demonstrates the reduction of PSAR to the XRP candles and terminates on each day for the next several days. Think as the PSAR as a fishing event...It is either chasing the bait (Which it has done here), catch the fish (its about to do) and taking line out (once it crosses...
ALL IN' This is a matter of timing now. Knowing that contracts will expire on the 26th and a transition with BTC contracts to long position. XRP will elevate. I plan to reevaluate at the 200 MA levels on the 4 hour chart. Bumping to the one day, it appears that there is a directional transition to the upside. ALL Aboard!!!!!
XRP may close below the 50 day Moving Average.....On the Daily
This is the Daily chart. XRP is still in downtrend. PSAR is in green with active price indication. PSAR downward movement has a .10 cent spread to price and closing. This may be early indication of a change. A higher low has formed but a higher high has not formed. 1.13 to 1.24 levels are critical. 1.24 could signal additional low or cause spike for a gain...
This drawing accompanies my others and highlights a 4 hour chart with 200 and 50 day Moving averages. The Gold line is the 50 and the Red is the 200. The x forms the traditional Death Cross. The MACD is crossed and heading lower> I have created an alert for the downtrend confirmations. Interestingly the Bollinger Band % shows another Hook. With this in mind...
This is simple chart with Parabolic Stop and Reverse (PSAR) and Momentum Average Convergence Divergence (MACD) FIBs are used on both. Resistance is FIB .5 for the candles. FIBs are set at the ultimate lows and highs for each. Interesting that the MACD signal line (Blue) is just at the MACD zero line. This is a strong Bear Market still. Trade dips...