Just a bit of observation about general interest in crypto. Who is buying? Why is there a demand (or lack thereof)? All I know is that the more mainstream companies that come into the space (twitter/circle, samsung, facebook, whoever might be speculated about) and institutional investment is a very very big deal when it comes to creating trust and demand. For...
But we see this a lot with some of the smaller "undervalued" coins. The potential for loss is huge when you get it wrong since the percentages jump so much. I think the recent spike is just a part of the long term consolidation, and we won't be seeing any further gains on this one. Until this coin becomes more mainstream (aka, when my dad first hears about it)...
Looking big picture again. 1. I love xrp, it was my first crypto that I bought. And I bought i blindly, and I lost like 15%. Ouch.. But I still love it. I just bought at a bad time. 2. I really believe that not only have we bottomed, but that we severely underestimate the size of some of these patterns. 3. My strategy is described on the chart. I am...
Just an idea in the chart. Read box 1. then 2. But in general, think big. From the very beginning, thinking big picture: I believe we are forming a cup following the classic "oversell > buy back > gradually decline from scared traders > general consensus that we accidentally oversold again > gradual incline which creates the cup formation. I also believe...
Most described in chart. 1. Green arrows at present illustrate 3 different directions we can take (upwards). Obviously, if we break our support I will be selling. 2. I have illustrated a cycle of breakouts, consolidations, and upwards momentum. 3. I have given multiple "frameworks" for how the future may be informed by the very limited number of trend lines...
Bad drawing, but as the Bollinger bands expand with more volume and our price starts to grow, I'm looking back at the previous peak. When the moving average (bright green line inside the daily trades) disconnects with the upper bollinger band I will strongly be considering a short at that point. I believe this could happen at mid-40 sats (but your guess is as...
This is just my idea. Not trading advice. A lot of speculation about a dump coming. And a lot of that is very frantically coming out as we near that very important support. But I am currently bullish (without thinking too hard about all the TA). Just remember that day traders are the only ones who care about these little ticks up and down so they are easy to...
the moving average sits towards a weak support. however, riding the support could see it through many strong long and short term downwards trend-lines that are trying to keep trx in some degree of a bear market. breaking through majority downwards trending pressure by following recent uptrend could mean TRX to meet with upper FBB around Jan 25 at near .041...
What does it look like if we just ignore last year's bubble, and pick up where we left off in Nov. 2017? This is an observation of XRP from its origin. Here I have drawn comparisons to the stock market trends that happened during the time of the internet bubble, and from that, tried to realize what looks to be higher lows in the longest-term time...