The situation is somewhat worse than average.
We have max 12-24 hours to bounce hard, or bearish trend will take power, and we will nosedive further into the accumulation phase.
Every hour passes without bounce means bulls are losing power.
I am still searching long entry points but only on certain marks and strong support or resistance areas. As now we have managed nosedive all supports in a row.
If there will be any big pump, I have pending buy orders for it, but right now I think we can easily slide down the hill.
We have max 12-24 hours to bounce hard, or bearish trend will take power, and we will nosedive further into the accumulation phase.
Every hour passes without bounce means bulls are losing power.
I am still searching long entry points but only on certain marks and strong support or resistance areas. As now we have managed nosedive all supports in a row.
If there will be any big pump, I have pending buy orders for it, but right now I think we can easily slide down the hill.
Trade active
maybe we can see some light in a tunnel. If you enter a trade, care with tight SL, as if BTC move upward, XRP will fall apart again.
All indicators show that we should move downward, but understanding market maker psychology here would be an excellent turn ower point.
Next hour will show us is it start of a short term bull run or just a dead cat bounce.
I am in long already.
Trade active
0 liquidity in XRP BTC market. BTC up, XRP crash. BTC down, XRP slowly up. Use tight SL. Passing 3070 will be a mark we can enter LONG. ( dangerous- must use tight SL)
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Nothing new. Slow upward movement, flat actions with a sharp shakeout for taking tight SL. All looks like accumulation for a bigger move.
There are a hidden buyer and movement upward is more plausible, but, now we are in a big flat accumulation and we can move sharply down or top.
Today situation is way better for longs that it was yesterday. Problem is that we are almost in a channel middle so there is no way to hide short SL. Trade with caution as we may see movement either up or down.
My LONG trades are filled and I am on it.
Trade active
will appreciate getting some likes, as my trade targets hit almost pips accurate and resistance works like charm. People give likes to persons who draw 2 lines and say moving up and don't give likes for people who really give you hard work results.
Trade active
if you are not in a position, wait for confirmation that retrace has finished and you are clear to buy-in. We have stopped right on my resistance support mark.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.