Overall, I am still bullish on XRP, also I still have my eyes on $2.4 mark. It might take some time to reach, but patience is a key factor at this point anyway. I see a bull flag being formed and respected as well. I have positions opened around $0.62 and $0.65. I believe once the price breaks and close above $0.78, we will get more solid bullish structure, which...
I still think that xrp is heading towards 0.70 mark and possibly to 0.80 to 0.83 cents, it is just a matter of time. I am still holding some position from the 0.29 mark and bought some more around 0.50 and 0.51, I will be closing 70% of my positions once hit 0.70 cents. As long as Bitcoin does not dump hard, xrp will make it there.
I think that Bitcoin is going through a distribution phase. To me this chart is a general guidance of what to expect from Bitcoin next. The chart is preparing for a downtrend. This is when institutions and big money starts stacking short positions way before the meltdown even start. In such phase, the market shows a sign that the supply is coming in. Overall, I...
On the long-term Bitcoin is still bullish, no market will pump forever and no Bitcoin will not crash as well, let it have its healthy normal retrace to 61.8 level with sits approx at 7200, which also correlate with the futures chart gap. These short term moves ups and downs might be the real indication of having a ATH this year. Looking at the bigger picture makes...
I want to see one final touch of that trend line that will hold to confirm a buying opportunity between 8300 and 8350. 9400 is my final target, will see how it would unfold. Or It might just bounce of that 61% fib level around 8400.
The short positions still holding steady, we still have 8360 as a strong major resistance plus the trend line never been broken. We also have a key level of resistance at 8100, which price keep bouncing from a lot, same for support at 7450. Overall, we have two situations either we break the trend line and 8300 area and be bullish or we stay as is and see some...
The previous wicks is a good area to look at so that we can have an idea what is going on. Bears are active within that region, so I used the trend line as a reference for me to execute a sell position. This short will be invalid if we see a candle closure above 8200-8300. So in the mean while I will be patient and watch price action closely. My first target would...
I still do not think that Gold is a sell after watching the price action lately. I am going to remain bullish for the longer term, the highlighted structure would be my buying opportunity.
I expect some weakness in the US dollar, you also can see a falling wedge on the 4h chart, the price broke out and retested. I will remain cautious and wait for price action to unfold, as a sell off might occur.
You do not need tons of indicators to trade, you just look at the market structure, and let it do its thing. This pair here is one of my favs and as you can see in the chart I am waiting on confirmation to go for a sell. (Stay tuned for updates) !!!
