XRP followed bitcoins pump and didnt manage to reach the intended 61.8 & 78.6 retracements.
However if this daily fibonacci inside the overall (BOLD) fib would come through a pull back on or around 23rd July close/4th July open.
This would be the ideal scenario for one last dip to fulfill the long term retracements.
However with all the news out in the last few...
COVID-19 affected all the markets. Cryptocurrencies faced huge and relentless sell off. SPX and Bitcoin correlation is very high due to virus problem. Because of this reason, you should be very careful. Bitcoin is at very critical level. I am expecting to see Bitcoin's next week low at 5300-5500. Market is not suitable to use leverage because of...
For a bounce out of this hole BTC finds itself in, it will need to rest on a stronger support. A further dip before it rises back to previous high levels is the reasonable expectation. But crypto isn't reasonable. Don't count on it.
Not financial advice. Lose money by your own ideas, not mine.
Thoughts on the S&P500
Looking at the Daily chart here it seems it went for a pull back and now it looking like it has hit the sellers "trap" (Order block) it looks like it has been rejecting today.. BUT if it goes past this it could hit the uptrend trendline and start building back....
DONALD TRUMP since he has became President gone up more than 50% now this...
I checked all latest retraces,
the most common values is 0.5-0.618.
We are almost touching 0.618 of the shortest
fibo grid, and already passed the 0.318 and 0.5
values of two other possible perspectives' grids.
Confirming that the possible bottom is,
possibly, closing right now)
Buy this dip) While you still can!
The trade of the year continue, buying the dips in the yen pairs. It seems not to matter which one you buy or when just as long as you do not buy the yen chances are you will make money. For this sytem we have to wait for a pullback and a 3 wave pullback has developed here, entry will triggered if price moes into the blue box and stop loss will be set to allow...