This is a simple XRPUSD & XRPBTC scalp based on the "above the stomach" two-candlestick pattern visible on the 4-hour time-frame...
Above The Stomach:
# of periods (candles) = 2
price trend (going into the pattern) = downward
first candle = black
second candle = white candle opening and closing at or above the midpoint of the prior black candle's body...
BITCOIN: BTCUSD Still good whilst above 2800 - bad timing as it's rallied just as this is written...but Bitcoin still looks fine above 2800, stops just below.
BITCOIN: BTCUSD Each of the declines in this run up has been 90 - 100 points. This one is too. So long as it now continues to hold 2248 Bitcoin remains positive. Stops for longs should be moved to around 2242
We are long on the Amazon.
Targeting the near term resistance on the AMZN, at the 963 area.
AMZN in the near term is technically positive. We recommend an opportunistic buy with an entry below 944.76 with a primary target at 963.23.
BITCOIN: BTCUSD The bulls are back in control of this stock today whilst it holds above the upper parallel. This little consolidation is likely a continuation pattern pointing to the upside - that continues to be the case whilst it holds up above that parallel.
get our book on amazon to play fib retraces after runs chaikin money flow good-adx beginning to trend at 21-could run close to last time stoc crossed- relative strength good-stop loss top of cloud-always diversify
above 50 and cloud-cci and percent r going to upper band see why it is important in our book on amazon-stop loss bottom of cloud-price volume and money flow good-stoc and mad crossing-relative strength good
almost out of weekly cloud get the importance of clouds in our book on amazon price volume strong mad and stoc crossed money flow excellent cci and percent r upper range watch for 200 ahead
green bar after doji cci and percent r in top range get our book on amazon for reason why money flow and relative strength strong stoc crossed macd about to cross strong good volume strong group wait for good opening bar to enter
tight base and bollinger bands
coming out of cloud watch closely on daily
get our chapter in our book about clouds
tight narrow base
percent r good
cci good
macd about to cross
group strong and percent r topet
our book on amazon about clouds
strong stock weak day
watch weekly cloud above see our book on importance of weekly cloud on amazon of same name
mad crossed
above 200 day ma
rsi strong
cci and percent r good
money flow strong
if stock closes above 200 day and cloud watch
get our book on amazon on when to pull the trigger
cci high
percent r good
relative strength
candle is odd do watch into close
stock has history of running and pulling back on daily
good narrow base
above cloud good chart pattern get my book which has 40 years of trading wisdom on amazon same name
relative strength good
chaikin money flow excellent
macd about to cross
weekly chart positive
strong stock on weak day
coming out of cloud
above 50j hook pattern read patterns in our book on amazon same name
macd crossed
good volume lately
money flow good
relative strength good
