robertjulius

robertjulius Updated 

were at the 0.5 fib now, which is also the trendline for the descent, and just above the daily 200 if we go through here, retesting the highs but likely next upward target is the 1.618 fib at 900

robertjulius

copper had a good run but now it's going down. how deep? Watch the lines and moving averages on this chart.

robertjulius

bearflag target is .329 , big fib target is at .319 so this is the target range. Moving averages need to catch up so maybe we get a false breakdown from this bearflag to retest .111 if we stay cleanly inside the lfag / above the .618 fib at .132 that woiuld be very bullish indeed Buy dips but not below .111 because it might retest lower - 0.07 zone - which would...

robertjulius

but not sure why yet. .

robertjulius

ripple Noun, echo, promise, nostalgia, rememberance. Yesterday. Diminishing Should it exist? Preamble im in a short at -16% ( shorting the bottom at .29. emotional in the moment, wanted to cover, kraken(Fitting, for the sea metaphor) went down.. and when it was back up i was at -15%. Times Five. big position. Silly. Kraken is another chart.. but as...

robertjulius Updated 

fib confluence informs targets. Death star candle on 4h signals the top, and ofcourse ada will fall with btc which also looks toppish to me expecting pretty energetic bounces at each of the fibs and moving averages. I've identified a few where i expect bounces that might be worth longing on the 1m although i guess you could sit on this pattern on the 1m for the...

robertjulius Updated 

chart says it. Two bearflags. One broke down with a target of 0. Last few days (25-29 of december) has seen.. not a rally but a correction/retracement Then on 29 the bearflag made by the retracement broke down. Target, as measured by flagpole length: Zero. The drop overextended / found historical support at .17 cents and performed another...

robertjulius

Looking for mid-term shorts on ripple, would be great to enter those around 31 cents.

robertjulius Updated 

Potentially bull run rout of steam here, if we take the preceding run - which also had a lowering RSI without new high ranges - as a fractal precedent. Confirmed on a daily close below the 20-day moving average. Reconsider on a succesful retest of the 50-day moving average. Eitherway, a divergence between the 20,50/200 isn't sustainable and RSI is dropping....

robertjulius

I'm a strong believer in a fractal universe. Nature is self-similar across scale. Human behaviour and market valuations are natural phenomenon. What i really like about this particular fractal is the scale at which it operates. We can use a smaller portion of the chart Against the entire one to help us understand something. Now a big, big unaccounted for...

robertjulius Updated 

Putting down some plot points to have a look at what we could be seeing. Don't see a lot of movement for ripple in 2019, to be honest. Well, no ATH at least , and a break of the downward trendline is unlikely but not unthinkable. Maybe it will break down and end up in a ditch.

robertjulius Updated 

Current pattern is not a bottom, it's a bearflag. Projected target is around the 2500 zone. Expect bigger moves early summer. Bullish resistance is at 4700 at the moment, and quite strong. Bat pattern forming inside this bearflag pointing at the downward trendline and that solid resistance area. We could see serious bullish momentum if we get above these. For...

robertjulius

Below the 0.236, below the 20ema and 50ma on the 4h, and inside this wedge thing, we are headed for another touch of the bottom trendline. around 0.57 USD Zoom in to watch it retest and fail to breach the 20EMA. On top of that, there is the double top at the 0.236 fib. @ 0.93 So yeah, bullish above 0.95 if we retest that level - false breakouts can happen. But...

robertjulius Updated 

Decreasing volume, classic topping patterns, predictable fib level resistance appearing. The whole rally got stopped by the daily 200 moving average; there are some interesting patterns going on on the daily to suggest this is just a little correction in a downtrend. Short below the lower of the two thin black trendlines for a bounce to the thicker one, back up...

robertjulius Updated 

Daily close below 9100? Short. Daily close above 9200? Long. Short stops in both cases. Upper target is the daily 50 near 10k. Lower target , who knows.

robertjulius Updated 

So, what kept it up? I don't even know. Some fib no doubt. Interesting part here is: Nothing did. Just some whatever trendline. We bounced up to this 0.382. Then we bounced to the 0.236. Then we dropped, hard, and now we bounced off the trendline between the two lows. But we' re already running out of steam. We're going down lower. We're going down a lot...

robertjulius Updated 

I've identified some fib levels which we can look forward to reaching in the next 12 hours if we break above 1.5912 I don't believe we'll go much further than this for now, since bitcoin/usd is - as you know, see related ideas below - still due for another leg lower (anywhere between 8k and 6700). So, for now looking for XRP / USD targets of up to 2.39, perhaps...

robertjulius

while a short term buy to the top of the channel is a possibility here, I don't see it going higher before the following conditions are met: a breakout above the green line. A close above the 200MA. A retest of either with a turn higher. Until then, I expect it to go lower still, along with the rest of the crypto market.