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Looking for a longer term daily downside trend, so ill be looking for a better entry point to look at adding some sell positions for another continuation leg to the downside.. If price pushes up above the last high this trade idea is obviously invalid.
For now Ill only be looking to catch shorts after another wave to the downside last night, of course we need to watch for a retracement or some sort of pull back before even looking at a sell trade.
I review NVDA on larger time frames. There is a tremendous fight between the bulls and bears at a 23.6% retracement on the Daily time frame, with momentum heavily for the south. NVDA has suffered the worst fall in its history. It is still a bear market at least on the Daily and Weekly time frames.
Almost a 1,000 move today.. the crash is over, let the goodtimes continue... :/
Really quick video on XRP / BTC paring since it's been over a week since i updated. In a nutshell, price action has played out exactly as I expected and mentioned in the last video. IT"S GOING DOWN. In that previous video, I mentioned that I thought price action just wanted to move back to the 200EMA on the Daily chart and that appears to be exactly what...
Quick update this evening to follow my previous video and updates over the past couple of days. We saw some price action put in a little movement to the upside, which slightly expected, but I really thought we might see a little more downside then we did. We did hit spike down to the $200 mark and pull back. Running through my charts this evening, I'm still...
While I would like to stay that XRP it about to go on a massive bull run again, I just don't think that's going to happen yet. I'm thinking we are going to see more downside on XRP and I've identified to downside targets potentially. We shall see... Like, comment, follow!!