Hello Traders!
We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY...
LTC update and what my opinion is on the next moves within LTC. Saw a nice dip to just under $160 yesterday, which presented a nice buying opportunity in my opinion.
My general expectation is to see price break the fibo level I mention in the video and price to start making some nice moves up after this dip. Only time will tell.
Short video highlighting why I'm still seeing some downside out of XRP/BTC. At the moment, price action is playing out as i expected and mentioned in my last two videos (see links). My charts are not telling me anything different at the moment, so I'll keep that biases. I mention generally two areas, i think price will move too before heading back up, but...
Quick run over what i'm seeing in my charts after this mornings update.
I'm hoping for price action to hold present levels, which is possible given that there are folks probably looking to get in in order to take advantage of the Litecoin Cash fork if it's not a scam!!
However, i do expect to see a retrace I mention in the video.
If you enjoyed.. give me a...
So we hit our target off the double bottom I mentioned in a previous video and it got me thinking what's next. Run through my quick thoughts on what i expect out of price action. Of course, i'll monitor again tomorrow morning and change plans ff needed.
I think the confluence of fib level, I mention in the video are interesting and be curious how price...
This is a follow up to last nights video on XRP/USD.
We saw price action on XRP push down to a low of .63 today, but was quickly pushed back up to it's current levels of around .90.
The daily candle that played out is telling me that there are buyers below. Based on what i'm seeing price action do on lower time levels, i would not be surprised to see price...
Quick up date this evening BTC and a follow on to my previous video.
Price action has played out as i was expecting and hit my 1st target and giving indication that it wants to move to Target # 2.
I know it's painful to see BTC correct this much but with correct money management dollar cost averaging into positions, I believe these levels are offering up...
