ABNB looks like it shook out weak hands last week and put in a nice doji reversal candle. Now testing it's downtrend. Been watching this 181.50 level to buy above for a move back to its ATH.
Qtum did rally nearly 300% as expected.
Then we did saw a huge shakeout all the way back to the 0.6 Fib level.
Currently we recover and look for support around the 0.3 Fib level.
We still have upwards potential so we hodl on.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged...
Do not trade on weekends! It is rule n.1 :)
We had nice whales shakeout. It means due low volume can make small sell big move. Many people had high leverage longs, because bitcoin was on strong trendline and they had stoploss below this trendline.
Small sell caused a avalanche of selling due of many sl below this trendline.
Second thing is everybody was...
XRP continues to make new highs, but that doesn't mean it cannot correct for 30-40% from higher targets ... As We are going higher be prepared for EXTREMEEE volatility that will scare a lot of retail investors.
From the technical standpoint if we break through 0.382 fib. retr. level fast enough and stay above it for few hours we could continue to go higher and...
Here we see our FET hourly chart and you can see we had a big pullback earlier today ! We hit up over 1500 sats (as I predicted several times ) coming close to our high from last summer - and then dumped hard to low 1200s area . Many think there are market makers on this FET chart but might I suggest there could be a school of whales playing in this water !! ...
Sign of Strength in the chart:
1. Trend reversal in daily and weekly chart
2. Stopping Volume
3. Shakeout
4. Green Pentagon bar with increasing volume
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy...
A few hours back xrp and other alts underwent a quite brutal correction. I think that with this shakeout, last early weak hands have ben shaken out in my opinion. We could consolidate a bit in those price areas before another leg up. Going back down into new lows is not entirely impossible, but highly unlikely at that point and also considering that this retest...
Strength Signal in the chart:
1. Re-accumulation with Shakeout
2. Re-test support with NS
3. Pullback completed with NS (weekly chart)
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Higher Highs and Lower Higher Lows on the Macro...
XRP isnt Going Away... Its On Sale...
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CME gap at 9600 has not been tapped since the 10k break (which we stayed above for well over a month) It only makes sense for whales to shake out the lose hands before the next massive green dildo into mars.
In order to be like a whale in the future - you have to psychologically try to think...
We are still in a huge downtrend zone. Good news is it will end in a few months. Bad news is whales want your coins because of the halving. A major Fibonacci zone coincides with the halving, what are the chances of that? One more shakeout to test the strongest hands and end the multi year descending triangle.
Are you ready warrior?
Simple monthly Fibonacci from this months high to the lows in 2017. Extensions are looking real good; $0.05 may be a reality! Final brutal shakeout... ?? Get rid of loads of retail traders and weak hands!?
Don't think that it can't go this low. The market does the unthinkable.
Remember when I said a few months 80% retail traders were short DJI & SPX? Well they kept hodling to their losers, and probably adding to them.
Well... this week shorts have dropped by 30 to 40% and now there are more longs. They held onto losers forever, and then exited the very WEEK the price went down!
Breakeven bagholders. The typical really dumb bad...
