If You Can't See It, Put Some Glasses On! SELL BTCUSDWhy do people think I'm crazy whenever I make a prediction on these cryptocurrencies? It's funny because 95% of my predictions on the cryptocurrencies are right so I wonder who the crazy one is. It's a shame because It hurts me to see that there's a lot of people out there who don't really understand structure and technical analysis. I showed you 2 different things that bitcoin could do after breaking 10,000 and one of those scenario was that bitcoin will come back down to retest the lows at 6,400 before we begin a long term bull trend and guess what, it's happening now. I don't care what your indicators/moving averages say because I understand structure and 9/10 I will get it right,
Please check out the 2 ideas below before you come at me with your counter argument.
Professionaltrader
BREAK OR BOUNCE? What Will Rpple Do Now? XRPUSDOkay so following my post yesterday, we can see that the market did reverse but now it has come into a minor structure level which could decide the direction of this crypto. The selling pressure has decreased and that's a bit concerning so I don't think we will see a break so i'm slightly favouring upside at this moment!
Is This Possible? Absolutely! SHORT XRPUSDLooks like ripple took an unexpected turn and now my analysis has completely changed, If you are already long on XRPUSD then wait for a possible retracement back to 0.30-0.31 area before getting out and look for shorting opportunity because I think we are going down to break the low again before we see another rise!
What Are You Gonna Do Now Bitcoin????? BTCUSDWe are at a decision point which I predicted weeks ago in one of my posts, there is a huge upside momentum however, the RSI is oversold on a higher time frame and the market has come into a previous structure level. I expect this market to respect this level in the coming days and give us a slight correction to the downside before we continue the bullish trend but we have to be very careful because this market could still fall all the way down to retest last years low.