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Moving Averages

XRPUSD - .60-.55 Dipped Happened - What's Next?Video following up on my May 17th video were I called and was targeting a dip to .60-.55 area. Well that has played out as planned, so now I'm doing my top down analysis with my opinion of what's next. I highlight what I think may happen in the short terms in terms of downward price action, but also call out to take profit areas for the short terms, as I'm a long term holder and have target areas much much higher. This is not advice for anyone, but what I'm doing. I hope you enjoyed... leave me a comment and check you in the next video.
BITSTAMP:XRPUSDLong
by Crypto_Sid
2
The importance of admitting you were wrong. I was wrong. Sorry.Hello. I have changed my background, I realized the full white one just blasts the human eye. Better go for something more easy on the eyes. I have to make a 180° on my previous bear position. In the trading & investing world, it is important to realize you were wrong and stay humble. If you don't, that's when you end up destroying your account. From what I saw I believed it very likely we drop all the way to 3500 before going to a bull market. I don't know if I said this exactly, but I at least might have led people to believe this. I was wrong. This is not likely. I zoomed out and saw what was happening around me, and I now strongly believe I was wrong. I am a bear no more. Believing we are going to reproduce 2014 crash and bounce on whatever trendline because it "looks similar" is stupid (I already posted an idea about this). I have now turned to an Orca. You know, the second biggest predator on the planet, and the most cruel animal on the planet, they love to torture their prey for hours before eating it. It's over. Bubble is about to pop. I will first show the graph for the short term. I guess that's what we're going to do, but that doesn't matter, I will next show what will happen long term. And it is not pretty. There's going to be blood in the streets and I'm not speaking metaphorically. A death cross will happen tonight, unless the bulls can push the price to 17000$. There's probably some of them that think it's possible. I also forgot to show the weekly MA 10, yet another resistance in the area. We are still following the usual bubble pattern and it's looking like 2014, I just think this time it will be worse. I'll explain later. There's so much data I don't know if I can throw it out all at once. I wanted to say, at my workplace there's this programmer guy, midly shy guy, just your average programmer I guess, back in early december when I started working closer to him he was pretty euphoric alwyas smiling laughing and extroverted I was wondering why he liked me so much gay or something? Well he started isolating himself 2 months ago "to focus on work" and complaining more and more and working long hours, and now, haven't seen him for 3 weeks he's having "medical" issues. After the double top to 11k when we went down he started being isolated and below 9k that's when he just vanished. I guess he's one of the victims. I hope for his health we crash soon? I guess? So he can sell, lose his money maybe, but at least he's free. Or maybe he sold and then bought back in on the "back to normal". In a while, we will get the suicide stories, the divorces and homeless people, there will be a ton of them. People are extremely stupid. The more something goes up, the more idiots put everything they have in and get lucky, the more the next people will put in. There has already been suicides. But it will get worse. Much, much worse. South Korea is going to be a bloodbath. Their "millenial" population was already deep in shit, but boy oh boy it's going to get worse. They thought crypto was the miracle magical thing that will give every one free magical money. It will end up being hell. Their doom. I'm betting on hundred of suicides at the VERY LEAST. ONE thing can save the bagholders now. A very evil person or group with alot of money that pumps crypto (not even sure it'll work out) to scam at a higher price, more people. It would end even more badly... But if they get caught what would happen to them would be worse than Mussolini Ghadaffi or 'Abd al-Ilah from Iraq. Let's zoom out and see where we are now: We have visited the long term investor average buy price twice, just like in 2014, and they have supported Bitcoin. The second time, we dug deep and found very strong support, bounced 100% to a double top (again). I will continue in an update.
BITFINEX:BTCUSDEducation
by MrRenev
42
Bitcoin Trading Basics - Using Renko Bars and Support/ResistanceIn this Video Chart I just wanted to introduce new traders to another shiny tool they can add to their toolbox. I think for even the smaller time frame traders, looking at trend direction on the higher time frames like the daily is important to give bias to your positions. Because Renko bars are based on price and not on time this helps clear up all the noise of the ups and downs and concentrates on the overall direction of the underlying instrument being trading. Check it out and compare it to your existing charts and/or use it to bias your trades and let me know in the comments how it works out for you. *EDIT: I said in the video Renko bars are for 'Ranging' markets, but I meant to say 'Trending' markets. Ranging is when price tends to go up and down alot. However, the Renko bars will tend to smooth out the ranging on smaller timeframes.
BITSTAMP:BTCUSD
by Bonavest
10