XRP/USDT ATH STILL COMING IN JUNE BASED ON OTHER TRADERS... As we can currently see the frustration in the market. But again with patience we will see an ATH+ with XRP
On the weekly chart we drew a zone from the previous support and as we can see the market is respecting the .90-1.00 range very well
From the previous push up to a $1.96 we can see it took that period nearly 5 days after touching that support twice.
We see the same pattern forming on my chart and right now we have to wait for a few things to happen
- SEC lawsuit to finally settle
- This weekly candle to close above the support line
- wait for the new weekly candle to start forming
- close above on the daily and 4 hour chart
- then we will proceed to retest or smash through the $1.96 on the way to the previous ATH of $3.96
The reason for the market crashing was due to greed... Over 750,000 traders got liquidated from this crash by over leveraging their positions... over 86 billion dollars have been liquidated in total from these positions.
Do not get greedy and play it safe.
but most importantly follow your trading instincts #XRPTOTHEMOON
Bearsvsbulls
Resistance on the AUDUSD front?Hello Traders
This week on AUDUSD, we can see price has broken the down trend, created a V formation in the chart and has now come up to the previous high at the 0.66670 area.
Price hasn't yet hit it's final level of fibonacci resistance at 0.786.
I will be keenly watching this pair, as well as AUDCAD and AUDJPY to see what trading opportunities arise.
Hopefully price will try to continue it's downtrend, but if it breaks this area of resistance, I could then be thinking about looking at a long position if it suits my trading strategies.
Please like and comment on this chart, any questions please do not hesitate to message me on here or on telegram.
@Roo_Martin
Always happy to help.
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
BTCUSD: Bulls vs. Bears - how convicted are you?This chart is a simple overlay of BTCUSDSHORTS (Blue) vs. BTCUSDLONGS (Red). It's obvious - since the end of 2017 BTCUSD the overall Bullish/Bearish conviction has changed from bullish to bearish. The lower highs at the bullish side indicating a loss of bullish conviction. On the bearish side, higher lows are showing more and more bearish conviction.
Furthermore, BTCUSD has fallen under 5k USD and there is no V-shaped correction yet, which would indicate a high interest to buy BTC at such a "low" price. Why is there no V-shaped correction? The answer is very simple - more and more trader are NOT convicted of an increased BTCUSD price and more and more trader are convicted of a decreasing BTCUSD price.
This leads me to conclude a further downtrend of BTCUSD price.
Note: This is my first post and feel free to give me feedback or a like. If you disagree, feel free to comment your thoughts. We have all the same goals, and I am very convicted, that we all can learn from each other. :)