XRP cool off periodAlthough BITFINEX:XRPUSD showed some impressive gains latest month, it is clear we are approaching a cool off period now.
On the chart, its more than clear we have a major 24W cycle ruling the price movement of this crypto.
we have topped at the middle of this cycle at $0.55, but recent days confirmed we are approaching a local low, which may be quite dramatic and below $0.40. We should see the bottom around 28th Nov 2022. Stay safe!
Johnehlers
Thoth Script - BTC:4H:18.08.28 - Open P/L: 7.05% - NO REPAINT!Position:
- Still long from 18.08.16 @6270$
- Divergence starting to form on lower timeframes
Script Uses:
1. Ichimoku Cloud
2. John E. Zero Lag EMA
3. Hilbert Sine Wave Support/Resistance
4. Linear Regression Divergence of price vs
-- ROC
-- RSI
-- ZL-MACD
Inside
-- No Repaint!
-- No Lookahead (lookahead_off)
-- Date Selectors
-- Alarms version
Parameters:
1. ROC Triggering Threshold:
--- Triggering rate of change value in %
----- Low for lower timeframes, less volatile tokens
----- High for higher timeframes, more volatile tokens
2. Divergence Lookback:
-- Number of candles to lookback for oscillators vs price divergence.
Access:
-- Leave a comment with your username.
-- 24h trial access activated.
Hints:
-- Use Heikin Ashi
-- Add slippage
-- Refer to backtesting links attached to script post below for example setups.
-- Script is not for sale or export outside TV.
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" In art he, Thoth , was often depicted as a man with the head of an ibis bird "
Made with 999ug.
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Trade History:
18.08.28
18.08.25
18.08.20
18.08.16