Weekly Predictions (Feb 18 - 22)- Price broke briefly below EMA (25, close) and returned above, the following candlestick
- Price neither overbought nor oversold
Predictions
Weekly Predictions (Feb 18 - 22)- Price neither oversold nor overbought
- Recent consolidation above EMA (25, close), price was unable to break on the downside
- Price is now at recent highs, could form a double top or break above zone
- Price would need to close above zone on the daily or 4-hr chart
Two possible futures of SPXIf trade issues resolved, green line. If tariffs crash economy, the red line.
Weekly Predictions (Feb 11 - 15)- Price approaching strong support … Pair has only been able to cross once since June of 2017
Weekly Predictions (Feb 11 - 15)- Price retraced to 0.5 fib level, may continue on previous down trend
Weekly Predictions (Feb 11 - 15)- Price directly above EMA (25, close), following tentative downward trend line
Weekly Predictions (Feb 11 - 15)- Price retested EMA (25, close), respected support and appears to be going up
- Price not yet overbought
- Could possibly form a double top
Weekly Predictions (Feb 4 - 8)- Price broke EMA (25, close) on the downside and previous support/resistance
- Daily not indicating any clear direction as yet, other than price may or may not continue on downtrend
Weekly Predictions (Feb 4 - 8)- Price retested and rejected EMA (25, close) as the support with a bullish candlestick. Pair not yet giving double confirmation of
being overbought (RSI and Stochastic Oscillator)
- Daily saying LONG
Weekly Predictions (Feb 4 - 8)- Double confirmation on RSI and Stochastic Oscillator that pair is overbought. Therefore pair might go in a bit of consolidation or an
a downwards trends
- Shooting Star Candlestick (long upper shadow, short lower body) formed at the peak of the chart followed by a small bearish
candlestick indicate that pair may go on a downwards trend rather than consolidation. Although the weakness of the bearish
candlestick adds some doubt
- Daily saying SHORT
EOY 2019 $XRP PredictionHi friends! Welcome to this 589 dollar $XRP analysis
Just recently, Top author @jacobcanfield has launched yearend PREDICTION CONTEST on Ripple here on tradingview.
He is offering up 5,000 XRP for grabs to whoever gets the closest to the price of Ripple in USD on 12/31/2019 at 11:59pm EST.
Before going to my prediction entry allow me first to state some $XRP facts.
1) Ripple's history date's back to 2004 , way before Bitcoin's Genesis Block when RYAN FUGGER was able to developed an idea of a peer to peer digital currency called RipplePay although it went live only in 2012.
2) XRP skyrocketed 36,000% to become the world’s best-performing digital asset in 2017.
3) XRP is currently 7X its current price from it's all time high.
4) If you think China is the biggest Army in the world, think again.
We've seen so much hype on cryptotwitter touting $xrp to reach 589 dollars in 2019, If you think this is crazy, my guess is you haven't realized what the $XRP army is capable of. Bitcoin had been touted to reach 8K in 2017 and people would have thought you were crazy to believe such prediction but $BTC surprised everyone with a 19K yearender all time high.
My prediction is that $XRP will exceed expectations of the $XRP Army. I think it can go beyond 589 dollars. I believe it can reach 824 dollars by year end 2019, around 223,372.00% of its current price.
I seriously welcome feed backs! Thanks
This is not a guide, and definitely not a trading advise.
If you take this idea seriously, you seriously need some help.
Hit like and follow for more chart updates!
-Your Poop Trader
PSYCH HACK #0004 - understanding luck, chance and riskIn this screencast, I review my ideas on luck, chance and risk.
I do not depend on luck, hope or targets in my trading. This has appeared rather strange to some I've been in contact with recently.
I say that sensible trading for consistent profitability cannot depend on luck. Yes - it involves taking carefully risk-assessed chances and controlling loss.
I assert that luck is not part of my 'equation'.
Nose of plane has ended it's descend. Consistent altitude now.Our pilot was able to end Bitcoin's rapid descent into oblivion. She has leveled out now. Altitude is consistently stable. About to ascend once again. This time more feasibly doable. Steady now girl. Steady.
Thanks to all who remained aboard and have help our pilot right this plane. Now enjoy your ride. It won't be fast. It may not be exciting. But we'll get there eventually. Safe and sound.
Happy holding my crypto friends.
US SILICA ready for a big bounce?The chart speaks for itself. Just bounced on a support support near all time lows, while the business itself is still performing stellar.
Indicators looking good; small bounce from this point looks good, etc.
Some beautiful trades possible from this point.
Also! Definitely check out my two posts on the DAX index here below.
More fake news to manipulate BTC priceBelow is a direct copy of a statement released earlier today, and it is no more true than Mike Novogratz' prediction that BTC would be approaching 20 k right about now. Inexperienced investors are all too often spooked by such statements, the man who said this knows this to be true, and wants it to happen , so he can buy in at 2k. Don't lose your money to naked manipulation. One day it is a hedge against a growing sentiment of fear - a safe haven in the fear mongering storm to come, the next?? Read this bit of fake news with a grain of salt:
"What a difference a few months can make. It seems like a lifetime ago that Arthur Hayes, CEO of cryptocurrency derivatives platform BitMEX, predicted that the bitcoin price could reach $50,000 in 2018. In fact, it has been less than six months, though the events that have occurred during that interlude have been sufficient for Hayes to slash his short-term crypto forecast by more than 95 percent.
CCN reported earlier this week that Hayes, a former Citigroup trader, is now predicting that the bitcoin downtrend could last another 18 months, mirroring the “nuclear bear market” the crypto industry experienced in 2014 and 2015. Writing in Friday’s edition of the BitMEX Crypto Trader Digest, Hayes doubled down on that portentous outlook.
While chart-watchers often treat bear markets as beginning as soon as an asset dips below its cyclical peak, Hayes said that a better strategy may be to mark the beginning of the bear market as the date at which the bitcoin price falls below its 200-day moving average (DMA). By this metric, bitcoin entered bearish territory on March 12 when it was priced at $9,152 and has only seen a 37 percent decline since dropping below the 200 DMA.
bitcoin price bear markets
Source: BitMEX
Given that past bear markets have seen bitcoin break much further below its 200 DMA, he argued that it’s likely we still have a long way to go before the bears finish twisting the knife, potentially dropping BTC as low as $2,000 before the bulls regain their footing.
“How low can we go?” he asked. “A 75% fall from $9,152 takes us close to $2,000. $2,000 to $3,000 is my new sweet spot but don’t tell Michelle Lee just yet.”
Hayes also cited the decline in bitcoin volatility as justification for his bearish outlook, taking a different tack from Fundstrat founder Tom Lee, who said that he was “pleasantly surprised” to see the decline in volatility given conditions in the broader equities markets."
Gbpusd technical analysis Monday 22OctGbpusd on last Wednesday has already broken the small support line (red break line) at 1.3146. This has led the market to fall towards the first support of 1.3013 If the market manages to break the first support line, it is likely to reach the second support line at 1.2929. If the market shifts to the north instead the analysis is void. The second resistance can be seen at the point 1.3222 after the break support line acts as the first hurdle in the 1.3146 line.
Important week on the Bloomberg Galaxy Crypto IndexI like to use the Bloomberg Galaxy Crypto Index (BGCI) to get an overall View on where the Crypto Market is heading in general. If you aren't familiar with this index, please visit:
data.bloomberglp.com
Please take the time to follow Cryptorae on Twitter if you like this chart :-)
TradingView chartsetup: Credit @Cryptorae on Twitter
This week is really important for the cryptomarket in general - Bitcoin volatility is down to a minimum and everybody is keeping their breath - hopefully we will get a major move upwards - but as always in Crypto: Be prepared for the worst!
My First Ever Trade Chart, Checkit yoI'm looking to get into the BTC:USD chat room but what can I offer in return? Well check this chart out....
I think I've made my point well enough
