15 minutes timeframe
we are going to retest
First Channel
Second target, last bottom on picture.
we are going to retest
First Channel
Second target, last bottom on picture.
Trade closed: target reached:
FIRST TARGET: REACHED
BEHIND THE SCENE:
From yesterday, Ripple was first currency market leader which decided turning point. As we see Sellers smashed buyers very dominant, but market was denied on first way.
Many students and client asked me why this happens. Here's why?
Denial on break down happened because of Bitcoin. So bitcoin sellers didn't show up and market start growing. Basically Ripple buyers was scared and complitelly exhausted, but market was growing back to entering position and then turned down to THE FIRST TARGET.
But this is not the end yet. Sellers are still very strong, and bitcoin bears showed some of its face. So market CAN LEAD TO SECOND TARGET.
BEHIND THE SCENE:
From yesterday, Ripple was first currency market leader which decided turning point. As we see Sellers smashed buyers very dominant, but market was denied on first way.
Many students and client asked me why this happens. Here's why?
Denial on break down happened because of Bitcoin. So bitcoin sellers didn't show up and market start growing. Basically Ripple buyers was scared and complitelly exhausted, but market was growing back to entering position and then turned down to THE FIRST TARGET.
But this is not the end yet. Sellers are still very strong, and bitcoin bears showed some of its face. So market CAN LEAD TO SECOND TARGET.
Once you looked on higher timeframe, then the meaning can be complitally different.
But bitcoin itself still didn't prove turning point for me, now. Depends on how buyers will react.