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XRP short example on 15 minutes timeframe read descriptionIf bitcoin moves market down (breaking on 6170 support), then Ripple might go with it, even if those two are not in very same correlation. Total market will go down. In Ripple's case price failed 3rd break out from H4 resistance level. which is so embaracing and lazy movement on buyers side. Ripple is might be waiting for bitcoin move or it could be anything, but to fail 3rd time. then we should start looking for sell position. But this is different, because we will try to catch this bearish test on 15 minutes timeframe, to see how momentum will react on lower support levels xrp might be going to test it. Break out has to be clear like we draw in our analysis. Targets are first and second but because of downtrend, who said that price is not able to test even lower targets. (more in suggestions trading room on how to act for the right moment decision*) Elitefxacademy
BITFINEX:XRPUSDShort
by EliteFxAcademy
3
Accelerated Growth, 2020 Selloff, and a 15 Year Bull RunWe're getting very close to breaking out of the trend line going back twenty years to the 99` bubble. There have been multiple attempts over the last 2-3 years. Trump/ Fed keep lowering rates and want to continue the "expansion". I assume they will be successful and we'll have accelerated growth until 2020 Presidential elections. I expect 3600-4000 SPX before a democrat is elected. I could see Trump and the Fed will allowing the market to fall by raising interest rates and not utilizing the presidents working group on financial markets like was done in the sell off in 2018. That being said I believe the market will resume its bullish trend after a sharp sell off in 2020-2021. This is just my very broad / general long term Technical analysis/ speculation where I am assuming many things, do not trade on this even if the assumptions are correct when the time comes. Trade based on your own analysis. Demographic data and economic cycles align with my speculation as shown by Ciovacco Capital www.youtube.com
TVC:SPXLong
by Tanner
2
ZIL: 15 minute Chart- Scalp from earlier today.Check out my scalp trade from earlier. Locked a profit at 3% and unfortunately auto sold off a quick wick. It ended up climbing nicely to the predicted target. Had it played out exactly as planned, this could have been almost 9%! Still happy with the profit though. Check out the nice divergence, noted FIBS, etc and see why I entered this scalp. ROOKIE trader; Follow at your own risk! -Solid horizontal orange line: I bought at that price -Dotted horizontal orange line: mock buy, not in the trade yet -Solid horizontal pink line: Stop loss/sell implemented -Dotted horizontal pink lines: Targets
by infbp22