About meI make my ideas public to look back and see where i went wrong and to push myself to have a higher success rate and become a better trader. Some ideas are also just chart art and none of them should be takin too seriously or as financial advise.
The time difference in fractals is on average a 6 day difference. If history repeats, XRP is wrapping up its bear cycle within the next month. I'm bullish on BTC there for I'm Bullish on large caps in the coming months. I'm not much of a fundamental analytic but this is one coin I would not own spot. I will be finding long entries on bitmex over the next weeks and...
"Bear flag and Resistance trend"
From only looking at candles my guess is we breakout of short
term resistance trend, make contact or get near the top of the flag
then break down and have some hella cheap BTC for the real bubble.
Buying on long term trend support
I do not have any stop losses other than a serious break under this trend line
I plan on holding this asset for a long period of time since i believe the team will
make cloud storage more affordable then the current options(apple/amazon/google)
A break of this support is looking more and more likely as were coming towards the weekly close. If LTC bulls cant rally out of this zone levels to buy are: with higher risk $90 and lower risk entry at $65-70.