After looking at the latest Ripple price movement, I have come to the conclusion that the instrument is about to continue its bullish trend as:
- the price has broken the narrowing price channel on April the 2d and then retraced to the previous zone of support of the previous price highs;
- the instrument is currently moving above the blue Alligator line (Jaws)...
BITMEX:XBTUSD
We can clarely see an increase in bears. Also if we count the elliot waves as Bill Williams suggest we got a serius combination of short signals. We just have to be careful for the stop hunting.
"From Noob To Pro"-series: We're reaching a key support line, depending on what the price does it will go down a few levels (breaks). When it bounces, it will go up to to 123 over a few days.
"From Noob To Pro Trader"-series: another test case and prediction from a complete noob :D. My mission is to become a better trader by making solid predictions. Then, learn form my mistakes and enjoy the times I was right.
I predict that, when the AO gives confirmation of a bearish market on the 4H level, we go down for a few hours, then we'll retrace from there...
First chart that I share, time to celebrate and see how wrong I can be. :D
I expect bearish sentiment till the end of the month.
BTCUSD still creating lower lows and lower highs on bigger timeframes.
These notes come with no qualification of any kind. They're incomplete and messy.
The basic prediction is that
(1) we may/not have another short leg down towards 2800
(2) there's a big-ass up move coming
Suggest follow @Mr.Coins
Edit: Shit. I just qualified em.
EDIT 2: This chart was the obvious winner... Wave 2 are rarely triangles.
This is the alternate count that I am currently favoring over the last chart I published ().
Looking at the 3H and above there is a pretty big bullish divergence all the way up to the 12H. My original thinking, that I published in my other chart, was that since wave v (on the current...
Great place to start re-opening shorts with a tight stop-loss. Counts on the lower time-frames support the ending of Wave 5 of 5 of c of 2 of (3)
There's also a big bearish momentum divergence on the AO at this time-frame and a 62% retracement of wave 1 of (3). Since this appears to be a Wave 3 of (3) on the horizon the next drop will be extremely strong. Bulls...
The best advice I could ever give anyone about the market is to "Want What the Market Wants." Do not want what you want , that will produce anxiety and doubt. Align your personal beliefs with that of the market and then trading will flow like a calm river of success.
So that raises the question: What does the market want? On a weekly timeframe, the market has...
