ETHBTC LONG PLAY - Plustoken-who?-- This was posted previously but it violated TradingView rules regarding links so I'm posting it again without links -
Click here to see the comments made last month regarding ethereum on that previous idea.
Chart from deleted Tradingview Idea expanded.
Hello, since a lot of people were asking I decided to start posting on Tradingview and see how this goes.
Don't expect lenghty posts explaining every single thing, my time is limited, but I'll do my best to get my point accross.
Vertical blue lines on the chart represent the time at which I was streaming and gave out the call (I review about 50 coins per day so it helps me to organize and see what I said about certain coins)
Green boxes/horizontal lines: If it says Scalp, you use it once. If it says buy zone, it's an accumulation area.
Red boxes/horizontal lines: If it says Scalp, you use it once. If it says sell, you sell it there or put a stop and trail it.
For now you'll see charts with notes from the past (I've been streaming since 2017), but I'll make sure to update them often here. I play alts and bitcoin .
I do EVERYTHING on video, there's not a single box there that I touch while offline, this is verifiable on my Youtube Streams. Streams are free, go in, ask stuff, just be respectful, that all I ask.
As always, I'm posting ideas, it's up to you to take them or not. You click the buttons, this is not financial advice.
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I'll be updating this idea as time goes.
Plustoken
XRP - Monthly Chart - Bullish Divergence - Plus Token Ponzi - I know it has been really rough holding XRP in 2019 while watching other coins go up. Honestly, most of the charts look horrible for XRP and what I found here is the only hopium I can find for now. Also, I will discuss why the Plus Token ponzi scheme is relevant to XRP as well, which is very important as most people are unaware.
MUST KNOW - PLUS TOKEN PUMP:
- For those that don't know, there was a ponzi scheme called Plus Token that bought over 3 billion dollars worth of BTC, ETH and EOS back in the spring of 2019. This most likely caused the run-up to $14k for the BTC price and the highs in 2019 of ETH & EOS at the time. The ponzi collapsed on the day BTC reached it's 14k ish high. Most people don't know this and it is extremely important to know that the bear market is still very much here. It is also important to know that this reason is why consumer FOMO was created on those said coins while XRP continued its bear market.
MFI TECHNICAL ANALYSIS:
1) Yellow circles, I drew these on the MFI to signify its double bottom, which can be bullish in the long run. As you can see we bounced off this point for now.
2) There is a massive bullish divergence when comparing the MFI and price action on the XRP chart. Bullish divergences play out all the time in long-time crypto charts, so who knows what will happen next. I drew the lines on the MFI and price action to indicate this.
BTCUSD: Liquidation likely over...I'm calling the bottom here, after all the liquidation that followed the failure of my last 3-day timeframe signal, as price moved back below the stop loss @ 10986, the selling accelerated until it reached the climax an hour ago.
It's likely that the drop was caused by the Plkus Token scammers, as I was discussing with a client of mine. They are chinese and most likely sold BTC and other coins for USDT to sell the coins for cash in Russia.
I'm long from 9700, added some margin here.
Best of luck,
Ivan Labrie.