This is BitOwned with another trade setup for you ready for take off.
After the surprise drop from the cliff of BITFINEX:XRPUSD, that no one was expecting to happen (That should have been an alarm bell!), I took a step back as I usually like to do and waited for the chart to mature to find the best trade setup for you.
XRP/USD have stayed in the accumulation...
Im not sugesting this will happen but theres a chance it could
descending triangles dont lie,
while your watching over the next weeks we need to break through the descending line hard and high and set a good support, if not you need to keep an eye on it
still futures gap at 8500
Here we have a long opportunity for Ravencoin assuming 310 sat level was bottom. We may see a retest of the 310-320 sat zone, however as of right now the 1D chart is creating higher lows and MACD is looking bullish. This could potentially be the final wave of RVN before another serious correction, which I am assuming will happen as BTC starts to approach $20,000+....
we need to follow the blue channel,
if not we are in a bit of poo poo. showing that it bounced on the support of 9400 or there about might sugest we could follow blue, rsi not giving anything away but its not over sold, not under sold, i would wait for confermation
a closer look at the count.
Matic looks like its finished correcting on the higher time frames and is now putting in what could be a set of 1-2's of a potentially enormous 3rd.
i've set out what is to me a very conservative trade in this idea, taking into account a possible ABC to.382. we will see how it acts after the...
Symbol: Bitcoin, XBTUSD, BTCUSD
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Short Timeframes: Red -> Blue
Medieum Timeframes: Red Series
Long Timeframes – Context: Green Series
Long Wick Candle in 1H Timeframe
Demand Zone: 11100 -- 11350
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The charts says it all.
Let's go with another successful trade. Not much time to explain, we are moving fast right now, and we should expect this soon.
If the first trade fails, DO NOT enter positions on the 2nd second. They should happen in this order.
If we close the daily above the take profit region of the first trade, DO NOT enter the 2nd trade.