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XRP Bulls Dont Ignore The Level, Still Resistance Above The HeadHello My Dear Traders Investors And Community, welcome to this amazing update about RIPPLE. There are some good events we have seen the last days in the schedule, as BITCOIN confirmed bullish locally we have several good signs in other cryptos but RIPPLE is still hanging in uncertain waters. When a ticker-symbol is approaching higher or lower it does not immediately mean that it is bullish or bearish! We are looking daily at the mid-term perspective, I recommend that you check out my mid-to-long-term-perspective about ripple when going to my profile and scroll down to the last weekly analysis about RIPPLE! This resistance between 0.1875 and 0.202 which you see in my chart marked with the blue box and the text is highly important at this moment right now, because there are several resistance points from past price action. Also, the resistance level corresponds with the EMA which you see in my chart, which together marking an overall bearish confluence zone in this area! Right now we are testing this area and it is possible my friends that we advance higher in this zone but there can also be a hard bad bearish pull-back in this area setting RIPPLE apart to where it was. For the first scenario, it will be a hard time to get into the resistance and advance above the resistance when this scenario kicks in we will see a slow movement in this area. So now what does happen when the bullish scenario does not confirm properly and RIPPLE sets back to previous levels? When RIPPLE pulls-back to previous levels we have some good support zones at the way, please also look at the grey marked trend-line, this trend-line is a trend-line which existed for 2.87 years to the point it was broken, by the way, that makes a big factor in the overall bearish shape RIPPLE is facing right now. This trend-line serves as a good support zone also we have support at 0.19995 which is the 38.2 % Fibonacci-Retracement of the current wave. What does RIPPLE need to do to turn bullish on the mid-term? Ripple first needs to take out several resistance levels above our heads, at first, this is the blue big resistance box you see in my chart, this is the major factor which has to be taken out for a possible bullish continuation on the middle-term-perspective! Otherwise, when RIPPLE does not establish to move higher in this level there is downside expected as described in the bearish scenario. As I said it is a difficult way for RIPPLE higher right now but as BITCOIN confirmed in several points a good bullish shape there is hope for RIPPLE to follow when the TA confirmed. I know many of you want just the bull-market back and chill-out like seen in the past where bticoin nearly hit 20 K but it is always necessary to look at the given situation with a clear head and then take the appropriate action according to the price. Always wait on the necessary confirmation and then take the profitable trade, this is was wise traders do in these volatile markets we face today. ___________________________________________________________________________________ In this manner: The Mind of a trader is the most significant tool to succeed in today's markets. Thanks for watching, have a nice day and feel free to support for more insights in the markets. FAREWELL Information provided is only educational and should not be used to take action in the markets ___________________________________________________________________________________
BITSTAMP:XRPUSD
by VincePrince
24
Ripple Grew 30.24% according to this Trade SetupIt grew almost by 30.24% after finding this key support level. Congratulations for those who followed up with me. And we expect more upside and Good Luck! Its clear Ripple has found its major support on W1 time frame and this support gonna be the floor of a huge rally, I had an eye on this support which I have marked out on my tech sheet from a while. So with the rejection/ price action happened on the support is very promising me for an trend reversal inside the structure. So I'll be willing to long from this price level to those two targets which is highlighted in light blue dashes. Consider this trade setup at your own risk. It grew almost by 30.24% after finding this key support level. Congratulations for those who followed up with me. And we expect more upside and Good Luck!
BITSTAMP:XRPUSDLong
by Profitlio_Trading
1
Lifetime Opportunity Recession Bet (NO BS)Having more than a decade of experience we have seen it all in the market but 'we've Never Seen Anything Like This or you could say The World Has Never Seen Anything Like What’s Happening Right Now. This report is rather going to be short and unique where we will share our investing ideas with detailed information in order to create substantial wealth from this epic crash. In our several recent reports, we have Tried to inform that Wuhan coronavirus is an extremely serious threat not only to the financial market but to the world economy as a whole. "It seems Traders and investors are in a panic mode as they are realizing the impact of COVID-19 on the global economy could be much more severe than they previously thought to be. we Still believe analysts are underestimating the devastating effect COVID 19 could bring to the world economy as a whole. The increasing number of cases of the virus within china and in other countries is seriously alarming. Recently the number of infected people is growing especially in South Korea and Ital". The interest rates are almost 0% now as the fed has acquired the zero interest rate policy due to the threat virus is placing on the U.S. and global economy. The last time rates were cut to this level was Dec. 2008, where it remained for seven years. Despite using all the weapons of buying $700B in Bonds and rate cuts financial market is collapsing like never before. We would like to mention The recent developments surrounding the Coronavirus and the forecasts issued by the medical world. 60% to 70% of the global population will be infected. The virus can only be under control once a cure or vaccine will be developed. Healthcare experts are predicting 12 to 18 months’ time in order to develop a vaccine against corona. The elderly or those who have low immunity are at great risk of dying from the virus. The Fed's Emergency Rate Cuts, rapidly growing cases of COVID- 19, Continuous falling of U.S bond yield, Rising tension in U.S.-China trade talks, Significant drop in U.S major stock indices along with other major countries indices, Fear of slow Global economic growth and a global recession have created a severe panicky situation for traders and investors. At the moment everything is on a sell no matter if it's safe heaven or not hence Investors are forced to liquid assets like gold and silver to meet margin calls. We also continue to see severe weakness in silver which dragged the Gold-silver ratio to three-decade high, level of 113 today. The long term picture of the Gold and silver market is strongly bullish however at the moment we are not interested to add any trading position in our portfolio rather we are preparing to invest in the selected assets in order to create substantial wealth from this epic crash. If you’d like to know where we are planning to deploy our own hard-earned cash then contact us. For every analysis, Investment and trading ideas we provide we feel the sense of accountability in our shoulders but one things which every trader should keep in mind that no matter if we have more than a decade of experience dealing in financial markets or even if we watch more than 50 charts before publishing any trade idea one thing which no one is able to eliminate is the uncertainty exists in the financial market though over the long term one should expect good returns from our assistance. However, in the end, you are the one who decides what to do with your capital as we strongly believe in self-starters mentality.
BITFINEX:BTCUSD
by GoldSilverAnalyst
How to make life changing money from this epic crashBloodbath = golden opportunity Having more than a decade of experience we have seen it all in the market The Good, the Bad and the Ugly but 'we've Never Seen Anything Like This or you could say The World Has Never Seen Anything Like What’s Happening Right Now. This report is rather going to be short and unique where we will share our investing ideas with detailed information in order to create substantial wealth from this epic crash. In our several recent reports, we have Tried to inform that Wuhan coronavirus is an extremely serious threat not only to the financial market but to the world economy as a whole. "It seems Traders and investors are in a panic mode as they are realizing the impact of COVID-19 on the global economy could be much more severe than they previously thought to be. we Still believe analysts are underestimating the devastating effect COVID 19 could bring to the world economy as a whole. The increasing number of cases of the coronavirus within china and in other countries is seriously alarming. Recently the number of infected people is growing especially in South Korea and Ital". The interest rates are almost 0% now as the fed has acquired the zero interest rate policy due to the threat coronavirus is placing on the U.S. and global economy. The last time rates were cut to this level was Dec. 2008, where it remained for seven years. Despite using all the weapons of buying $700B in Bonds and rate cuts financial market is collapsing like never before. We would like to mention The recent developments surrounding the Coronavirus and the forecasts issued by the medical world. 60%-70% of the global population will be infected The virus can only be under control once a cure or vaccine will be developed. Healthcare experts are predicting 12 to 18 months’ time in order to develop a vaccine against corona The elderly or those who have low immunity are at great risk of dying from the virus Summary-The Fed's Emergency Rate Cuts, rapidly growing cases of COVID- 19, Continuous falling of U.S bond yield and DXY, Rising tension in U.S.-China trade talks, Significant drop in U.S major stock indices along with other major countries indices, Fear of slow Global economic growth and a global recession have created a severe panicky situation for traders and investors. At the moment everything is on a sell no matter if it's safe heaven or not hence Investors are forced to liquid assets like gold and silver to meet margin calls. We also continue to see severe weakness in silver which dragged the Gold-silver ratio to three-decade high, level of 113 today. The long term picture of the Gold and silver market is strongly bullish however at the moment we are not interested to add any trading position in our portfolio rather we are preparing to invest in the selected assets in order to create substantial wealth from this epic crash. If you’d like to know where we are planning to deploy our own hard-earned cash then contact us- Please note-For every analysis, Investment and trading ideas we provide we feel the sense of accountability in our shoulders but one things which every trader should keep in mind that no matter if we have more than a decade of experience dealing in financial markets or even if we watch more than 50 charts before publishing any trade idea one thing which no one is able to eliminate is the uncertainty exists in the financial market though over the long term one should expect good returns from our assistance. However, in the end, you are the one who decides what to do with your capital as we strongly believe in self-starters mentality.
OANDA:XAUUSD
by GoldSilverAnalyst
DJI ~ The DOW on course per my predictionThe DJI fell shortly after I called it out. It is acting very closely with the fib retracement. 20k by EOW followed by 18k is near future. Hold tight as there is no clear asset class that is showing to be acting like a safe haven. I wouldn't by shy about buying a little bit of precious metal as well as crypto and diversifying within the market as it is uncertain with what is happening. Cash may be king until everything is hashed out. Place your bets. Please like, share, and follow. Also, I encourage you yp criticize anything about my view. Join my discord server for a clsoer look at the markets - 24/7 --> discordapp.com
DJ:DJI
by MarketPointAlgo
1
FLASHING RED!! BRACE! 🚑😲This is serious picture emerging right now. Have a look. I'm watching what's happening with Gold in relation to the Down Jones Transportation Index, and Bitcoin. This is all coronavirus related. In tight summary, the smart money is moving into things that store real value - the kind that's unlikely to be affected by central banks. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
FOREXCOM:BTCUSDEducation
by Captain_Walker
Correction and future of Bitcoin Everything lines up for a 11300-11500 range correction back down to the trendline before the halving event , now we all know we are trading in the wild west, so i expect a scam wick up to 11750 before pulling back to the range mentioned above then breaking down to the trendline at about 8500 over next 40-50days. Expected start of pullback would be at the end of this month down to the 8500-9000 trendline but it would only be in that range 48-72 hours before bouncing back up to 0.168 fib at 9500, this could be the best long entry on high leverage of all time. Looking at the Fib Zone Times the week of July 6th seems to be a week where something big will happen this date also comes to the end of the 3 year triangle created by the bubble of december 2017 this week will put the spotlight on bitcoin around the world. As the digital world comes ever closer i see the value of gold be used for things more like rocket ships(NASA) and true replacement to gold will be bitcoin because the new generation of humans will value pixels more over than metal, take one quick look at Epic Games and Fortnite that has brought in over $3 billion dollars of revenue in one year alone and the game is free, the new generation growing into the world will value digital assets much more than the current generation. There is a massive paradigm shift of the economic world happening and bitcoin is that catalyst for that change. Summary 11300-11500 correction starting March 8500 Trendline over 40 days Bounce to 0.168 fib (9500) 48-72 hours after touching trendline Week of July the big event ?
BITSTAMP:BTCUSD
by Sporia
Why Governments and Banks will be KILLING their currencies!Before I begin my discussion on Inflation and Deflation, I want to preface by saying I still expect the US Dollar will be going higher, and this will exacerbate the world's problems. This is linked below. Of all the questions I receive regarding economics and monetary policy, the question on what is inflation and deflation, and why it is important, is at the top of the list. This blog post will dissect what inflation and deflation really are, and why governments and central banks love inflation…while hate deflation (albeit discreetly perhaps). Remember, now a days, inflation and deflation have a lot to do with the funny money policies of the mercantile/keynesian school of economics…which are socialist in nature as they encourage big government and government playing a large role in the economy, to a point where they manage it and we get no true free markets. So, the common definition of what people are taught about inflation and deflation are: Inflation is when cost of living and prices of things go up. Deflation is when cost of living and prices of things go down. What are inflation and deflation really? Inflation is when the currency of a nation weakens, that it now takes more of the weakened currency to buy something. Deflation is when the currency of a nation strengthens, that it now takes less of the stronger currency to buy something. This is actually pivotal right now for the US-China trade war. According to Keynesian economics, a weaker currency is great for exports, while a stronger currency is bad for exports, since nations will look to buy from the cheaper nation. China likes a weaker currency, which they actively manage, as a way to boost their exports. What they really are doing though is they are importing inflation, making it look like their economy is growing, while exporting deflation, making the other nation, in this case America, appear as if their economy is not growing. This is why China is labelled a currency manipulator as the Chinese want to keep the currency weak compared to the US Dollar. To be honest, every nation does this although they do not say they actively intervene with their currency like the Chinese. So why inflation? Why do central banks (western) want to target 2% inflation a year? Why do they want to raise living costs by 2% a year? First and foremost: Inflation is Taxation. The more expensive things get, the more tax revenue can be collected by way of sales tax and property tax etc. Something your politician that says they want to lower costs will not tell you…especially when government is large and bloated and has many social programs to pay for which requires tax revenue. Inflation is also largely psychological in nature. It can get to an extreme point where people lose confidence in the government, banks and fiat money where we get hyperinflation as people distrust the further and extreme devaluation of the currency they are supposed to use. When a central bank sets up an inflation target, they expect that people will say “oh man, I need to spend money now otherwise things will get more expensive next year and going forwards”. This is a way to encourage people to spend money and boost the economy. It gives the impression the economy is improving so people and business’ will spend money. Interestingly enough, at the most recent Fed meeting, Fed chair Jerome Powell talked about aiming for 3% inflation targets…attempting to spur people and business to spend money. Inflation is great for business’ (and government) because they can borrow money to invest and payback with cheaper dollars. Let’s say rates to borrow are at 3%, and inflation is at 2%. In real terms, rates are 1%. Going forward, you will be able to payback your debts with cheaper dollars. Western governments have a lot of debt. They want to use inflation to handle their debt loads. This is part of the reason why western central banks are cutting interest rates. To weaken their currency (inflation) so people and government can payback their interest payments with cheaper dollars, and service their debt. You can read my reasons on why central banks are cutting rates here. This of course really has not have the effect it was supposed to have. A lot of people and business’ know the real economy is not improving. It really has all been financial engineering. It is a better bang for your buck as business to borrow money for share buybacks than investing it into the real economy by building factories and hiring new workers. All funny money. So deflation. Why, might you ask, do government and central banks not want to make living costs and costs of things cheaper? Very simply: Because government has not found a way to tax lower living costs….although the socialists are saying this can be done with the green taxes: tax for breathing, km driven, empty rooms, and quite frankly, a tax for just being human. Psychologically, deflation makes it appear the economy is worsening. It can be a self fulfilling prophecy. If people know things will be getting cheaper going forward, they will wait for things to get cheaper before they purchase it, especially assets and real estate. People do not spend money, business lose money and cannot make profits, and you get a recession. We have seen this recently in Japan and Europe. Where they have had constant deflation, where in Japan, many have become renters because they get no equity in their home, and the home loses value or stays the same year by year. To get some sort of inflation, they have resorted to negative interest rates, forcing people to pay the banks if they save money rather than spend. They thought people would spend since they are losing money in real terms. The central banks cannot admit their funny money policies have failed, they say they have not cut deep into the negative enough, nor did they devalue the currency enough. Digital money will be coming as it will force you to keep money in the banks and pay them monthly for doing so. One can say that the people of Japan and Europe have lost faith in the central banks and their funny money policy. Once again, this is all to do with the mercantile/keynesian soft money regime of economics. With soft money, government and banks can devalue currency for policy purposes while it generally hurts the citizen in the end. We are at a period where central banks have run out of tools…besides lowering rates further negative and adopting digital money. When central banks received this power to devalue post 1971, central banks became powerful, and the press conferences have turned into the media circus’ they have evolved into today. They are rock stars and have immense influence. Just want to end with a quick thing regarding Paul Volcker who was Fed chair between 1979-1987 and passed away at the age of 92 a few weeks ago. Before central bankers became rock stars, and we did not have funny money. Mr. Volcker had to rent an apartment in Washington when he took the Federal Reserve Chairman job…his previous job as New York Fed Chair paid more than the post in Washington. His wife had to go back to work in order to live comfortably. A true civil servant. When money and producing money becomes easy, you get people flocking to finance and banking. Banking then becomes the largest part of economies. Pre-1971 and in a hard money system, most bankers and traders needed multiple jobs to support themselves.
COINBASE:BTCUSD
by Uncharted-FX
3