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🥳 IT'S MY BIRTHDAY! 🥳🥳 Hope everyone's doing great today, this won't be a long idea but wanted to at least get something quick out so here that is for you ladies and gentlemen, thanks. Below is a quick TA chart to visualize stuff: 🥳 We fell below my 0.77 level which I indicated was a strong support and once that happened we slipped down to 0.72-0.71 roughly, finding support at 0.73 where I've added a new level as annotated. Watch that for support. Below 0.73 it'll be anyone's guess what happens, some wild moves going on but that's why we've got levels and TA anyway. 🥳 Will be watching for that 200 EMA reentry or fail if it fails to catch it again but chances are we will forming a higher high on the local but we'll just have to see if that comes true or not. That's all for today's idea, I've gotta go enjoy my Birthday after all but I appreciate you all! Thanks for tuning in and all the best! Feel free to leave a like and follow, comment, really means a lot to me, thanks! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
13
💥 XRP SHOULD I BUY OR SELL? IMPORTANT PSYCHOLOGICAL TRADING 💥 💥 Very important idea and question of the week here with our XRP should I buy or sell? Good question and let's see what we can figure, thanks for joining ladies and gentlemen. 💥 XRP's been trending between 0.77 and 0.80 roughly displaying this horizontal channel which has basically displayed this sideways trend with us getting one breakout above for a relatively short period before reversing with the market now testing the waters and looking for a pivot in either way. 💥 Amongst this period of waves and sideways trading I've been getting asked by a few people whether or not they should or should not sell XRP. To start off on that, the question is what is your objective. Before you open a trade you should tell yourself at what price you are going to sell at. In this case the majority of that has been $1. 💥 We nearly hit $1 with XRP's first run up before failing because the traders that had already bought at $1 before decided to sell at $1 as they'd seen the price get lost before and wanted to sell at that price which is psychological for the most part. 💥 If we factor that in then we know now that should we approach that $1 mark again, we'll likely see more sales as the individuals that didn't sell at $1 will see the previous bounce up, reversal and think, if it did this at $1, why shouldn't I just sell at $1 in case it falls down again? And thus they sell. 💥 What's important is that next time we approach $1, even with the selling we won't have nearly as much as we did the first time with much of the first wave of buyers having hopped out already thus it'll give us some leverage and potentially allow us to breakout/get a leg up above $1 which would be incredible. There's no guarantee that'll happen of course but that's something you guys can take note of, whether or not it does will be if the market has factored in the price of the news and what that news is, it's significance. 💥 Next important thing is why you exactly own XRP. Did you simply buy in to reap a specific percentage? If so then you're more than likely happy with 100% and doubling your money and should sell if that's what your content with/goal was. 💥 What if you bought in because of the utility use case and you believe XRP has an even brighter future? Well in that case you as well as that class of traders/investors will most likely be holding for the long term a couple of years believing that XRP's price has a lot more to rise in the coming years alongside it's utility and real world use/adoption. 💥 Still even with all of that there is another option, you can always sell your XRP for the high percent gain and convert that to another crypto you have faith in. Here's one example of what I'm talking about: 💥 You originally buy $50,000 worth of XRP at 40 cents. Now it's worth $100,000 at 80 cents with a 100% profit. If you believe it has more potential to the downside then the upside you could sell it all for $100,000, then convert that into Bitcoin to give you approximately 3.33 Bitcoin at current prices. Bitcoin has yet to make any major moves being stuck at that $29,000-$30,000 range still so it would make sense to do that if you believe Bitcoin will go back up and further within a year or more. Thus your $100,000 could become $198,000 if Bitcoin we're to hit $60,000 again. 💥 Above is the example of taking profits from one profitable trade and putting them to work in another which may be less risky buy still reap rewards and percentages, sure you're chances of seeing a crazy quick and high percentage rise will be way lower than with XRP, but you're money would also be safer and more than likely still reap profits, albeit in the longer term. 💥 This is all relative to the market cap of course and your risk tolerance. With XRP's market cap of roughly $41 billion right now it still allows a lot more room for growth, to get 100% you would need another $41 billion. Whereas with Bitcoin being at $578 billion, you'll need another $578 billion to hit $60,000 or so. It's a big difference but that's where the risk tolerance comes in. XRP offers a lot more profits but at a lot more risk, whereas Bitcoin may offer less profits but with a lot less risk. That's where it's up to you to think about your tolerance and what you're plan exactly is. 💥Important thing to note is what percent your gains will be taxed at if you do decide to close. Remember that you'll be facing long term or short term gains depending on how long you've held/had and you're income. If you sell for a short term gain there is no 20% like with long term gains, the tax percent can go as high as 37% for short term so it'll range in between 10% and 37% basically. For long term the range is 0 - 20% based off your total taxable income. Below is a link to the site I used which details a lot more on capital gains. www.bankrate.com 💥 It's been a long enough idea I understand but I wanted to make some points clear, especially for those debating on whether or not to sell, so I hope that helps, because even if all of this were to help only one person, I would still be happy with that, anything for you guys. Thanks for tuning in and feel free to leave a like or follow, simply helps me, thanks. ~ Rock '
BITSTAMP:XRPUSDEducation
by Rocksorgate
1
✨ XRP TECHNICAL ANALYSIS JULY 21 ✨✨ Some important points will be made today and we will definitely be going over TA so don't fret, and as always thanks for tuning in. ladies and gentlemen. ✨ Let's quickly check out this Technical Analysis. Below is the 15 minute chart which we will refer to first and here is the chart image: ✨ Ta wise we can see how XRP slipped down within that descending channel going through our horizontal levels even breaking down below 0.77 but we did get a quick recovery there following the steep fall when volume increased signaling that buyers/institutions are still willing to buy above 0.76 which is good to note. ✨ It's good to note that as we saw a lot of buying at 0.76 and above so should we ever approach that level again or slip below it definitely expect some sell-off's as the traders/institutions that entered in at that position will want to close those same positions if it ever looks like price action may fall below, so very good to mark down and keep mind of, and it's thanks to volume we can identify that. ✨ I've also added this support line that seems to have formed so good to note as well. Below is gonna be our 5 minute chart then: ✨ With the 5 minute we can identify just exactly where that recovery happened displaying the quick breakdown before promptly being bought back up pulling us above 0.77 and through our levels even regaining that 200 EMA. I've encircled some pivot points to help visual readers but right now we'll have to see whether or not we can sustain price action above the 200 EMA or if we'll simply lose it again. What matters is that we recovered to sustain a price above 0.77. ✨ Target for today will be to break back above that 0.786 level which has proven to be a pivot level as I've encircled/highlighted for you guys. We need to break above that and form support mainly so that we don't lose our 200. But if we can't do that refer to the support line I've added and should that break we'll likely retest 0.77 though that's not the hope of course. But please refer to the horizontal levels, thank you. ✨ Before I end this off, I will be writing an idea right after this pertaining to buying and selling XRP and whether or not you should or shouldn't so please give that a read as well, thank you and as always feel free to leave a like or follow, simply helps me out. And as a heads up, I likely won't post on the 23rd as it'll be my Birthday so if you don't see any posts just be aware of that, thank you and all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
⚡ XRP PRICE ANALYSIS JULY 20 ⚡⚡ Hi, thanks for joining in real quick ladies and gentlemen. Pretty clear what's happened today but we'll give some quick notes on what's going on with our prices today for the technical. ⚡ Volume decreased as we approached that 0.85 level/test indicating that buyers weren't as keen on buying at that level, represented an absence of momentum/energy which we would have needed to break that level and form another leg up. We promptly got a breakdown after reversing following the failed test once we slipped below 0.81. ⚡ What we're looking for now is a break back to the upside passing that 0.795 mark on the local. We can't consider any moves upward until buyers pull us back up and restore prices above 0.90. It's important to note that volume increased as we approached that 0.77 level managing to hold ground above 0.785 thanks to what was likely some institutional/whale buying most likely in a push to prevent us losing that mark. ⚡ Chances are we'll have some sideways trading for a while between 0.77 and 0.85 as Bulls and Bears will fight to get a leg up on each other. What matters mainly is that the 200 EMA has been lost on the 15 minute, not the best case to have but it hasn't been lost on the 30 minute yet as represented below: ⚡ Should we lose that 200 EMA on the 30 minute timeframe expect some heavy selling or intense volatility if we approach it as both teams will battle intensely no doubt. What matters now is just which way we break out this horizontal channel we're currently trending within: ⚡ Break above and we have a good chance of getting that 200 EMA back. Below and we have a good chance of meeting again with our 200 on the 30 minute so be mindful. 0.77 is that last level of support before things get real tricky. ⚡ Target for today is just to break above 0795 and establish some support. If that fails and we slip below 0.786 watch 0.77 for support and should we slip below 0.77 my next support is at 0.724. Feel free to add those levels to your charts. I have to go but all the best, feel free to leave and likes or follow, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🌠 XRP Breaks out from Consolidation 🌠🌠 If you've been following my idea's then you know what's going on right now. And before I start just wanted to say thanks for joining as usual ladies and gentlemen. Yesterday's idea we pointed out that XRP was still consolidating/trading sideways but was nonetheless pushing and it's pushed well today no doubt. 🌠 Past few days I've been pointing out that we've been within this channel consolidating between that resistance and support of 0.80 and 0.70 with price looking for a break in one direction or another. We got that confirmation after breaking past my 0.76 resistance promptly rallying up to that 0.816 mark before getting hit by what is likely some retracement. 🌠 Through that rally XRP managed to break out of it's consolidated channel breaking that 0.80 mark with relative ease. We did fall back into that channel afterwards but promptly left it to bring us to where we currently are. And for that we'll look to this 3 minute visual chart I've made for you guys. 🌠 5 minute chart tells us a long more and I've annotated most of the important things to keep stuff simple for you guys. XRP has now hit this resistance twice at 0.81 and if we can't break that expect a possible reversal to start if some whales or traders start taking profits/closing positions as we'd risk losing that 200 EMA again and with what we will have to look at 0.77 for support being that we just previously found it there at the 4:30 UTC time mark though there's only been one confirmation there so it's not a reliable support but good to note. 🌠 What I want you guys to watch for now is 0.79. We break below 0.79 and we'll risk losing that 200 and starting a reversal, should that happen and we slip then pay mind to my 0.71 support mark as that's the bottom of our consolidation channel. And below 0.71 it's no mans land as we'll call it. We just don't want to go there right now, would bring down a lot of gains for traders and bring out uncertainty, leading to volatile moves so we don't want that right now, just want support right now in the last above 0.76. 🌠 Below is the chart/link to yesterday's idea in which we pointed out XRP was consolidating but still pushing for anyone who would like a bigger picture view, the chart will still be prominent even today and until we break away from it in either direction. Again the arrows are there to keep things simple, we go below 0.71 and we fall, and above 0.80 we stand to gain another leg up and build support aiming for that $1 benchmark but first before that will be 0.90-92. Click on the idea if you missed the chance to read yesterday or are curious. 🌠 That's going to be about it for today's idea, didn't want to make it too long but had some important stuff to highlight. Main thing is that we still have the 200 EMA on the 15 minute timeframe but if we ever lose it on the 15 minute just be prepped and don't fret. Simple pay mind to the level's I've pointed out and given, that's all for today, thank you and feel free to leave a like or follow as usual, always helps. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
🔥XRP STILL CONSOLIDATING BUT PUSHING🔥🔥 Quick 2 to 3 minute read today, thanks for reading in ladies and gentlemen! 🔥 Just gonna keep it pretty visual today, judging from the current 5 minute chart we're still consolidating within our overall channel between 0.70 and 0.79-80 looking for the next major pivot/move and here's the chart for that. 🔥 Good to see XRP still pushing and even forming a higher high on the smaller timeframe to hit that 0.77 before retracing as it has so far. What'll matter is if we slip back below to form a double top by which then we'll need some good support to keep from losing that 200 EMA again. With this consolidation though still ongoing wouldn't be surprised to see us lose that 200 again once or twice more like we already have this week following the rally. 🔥 Below is a simple chart with some arrows just showing things very simply as they are, slip below one line we fall and above another we likely breakout and form a leg up. I said today's idea would be a 2-3 minute read and that's exactly so, especially since we're still just trending with the waves basically, nothing crazy today. Target is to break 0.77 but if we can't we'll watch 0.71 for support and so on with the horizontal levels. 🔥 With that all said, I appreciate you taking the time to read this idea, even for those of you who may not care to leave a like or follow, I still appreciate you taking the time to read this and share some time with me. And all the more thanks to those of you that do continue to like my ideas and follow, really means a lot, thank you and all the best till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
☀️ XRP WILL IT FALL OR RISE? ☀️☀️ Hope everyone's doing alright today and again thanks for tuning in ladies and gentlemen, this won't take long. We've got XRP consolidating betweek 0.70 and 0.80 looking for it's next move alongside what'll happen with that 200 EMA as traders tip toe around precariously figuring out what play could be in next. Below is that chart displaying our channel. ☀️ For our micro outlook here's the next chart on the 5 minute timeframe display that pullback we got at 0.71 just barely avoiding retesting that 0.70 level. I've also added a micro horizontal level at 0.76 as we got that rejection there attempting to break out and above. ☀️ Target is to break 0.76 and avoid losing that support below 0.71 else we risk falling further and losing some of the week's gains. We've already lost the 200 EMA on the 5 minute and I'd love to see us reclaim that but as it is stuff looks a bit dim like we may be forming a death cross. ☀️ For those that don't know a death cross is basically just when a chart starts showing weakness and slips below a short term moving average which in this case is the 15 minute 200 EMA. So you slip below the 200 EMA and it usually signals a fall in price action which is usually pretty dramatic. For example we lose the 5 minute 200 EMA and we'll slip a bit, but once you lose the 15 minute or hourly EMA the slip extends further and you even get a mountain fall in some cases being those dramatic plunges so why we always pay mind to that 200 and the golden, death crosses. ☀️ For now I would pay mind to the channel's I've added as XRP has been consolidating within them searching for the next move. Below is the chart with arrows added to be simple, we slip below we fall and above we breakout and could possibly form another leg up which would be great. ☀️ Don't want to write up too much, just want to keep things concise but that's the main stuff to keep an eye on for today and the coming days. If you've made it this far I give my thanks and gratitude as always, really means a lot and feel free to leave a like or follow, never hurts. Till next, all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
⚡️ XRP Attempting to break first FIB level ⚡️⚡️ Thanks for tuning in real quick ladies and gentlemen, this won't be long but will be important. ⚡️ We had XRP do it's whole thing with the rally which saw us form a high of 0.95 cents before retracing to 0.67 afterwards pulling back up to 0.80 cents before hitting that most recent resistance which will be important. Below is the chart for that. ⚡️ The Fib level is from our Big picture chart so if we look back to one of my older idea's we'll see the overall big picture with the Fib retracement levels. Should XRP be able to break 0.80 we'll likely be able to push up and retest 0.92 at the First retracement level by which a successful breakout/push over that would put us in a position to revisit $1 and $1.40 being the next Fib resistance level after that and so on. ⚡️ The chart is prior to XRP's rally so it doesn't display any new bars but what matters is the Fib levels and for future reference we'll need those so I've added some simply annotations of resistance points which once passed will help be catalyst and lead to leg ups. ⚡️ And here is the current channel we've got going on to keep things simple. Break above we breakout and below we definitely risk falling and losing that 200 EMA on the 15 minute chart at least which we don't want right now. Want to establish some more support above 0.70 in the least so that we can get another leg up and retest that 0.92 Fib level. ⚡️ It's Sunday so today's thoughts are gonna be pretty short at that for now and that's the main gist of things right now to pay mind to, give some attention and mark for yourselves. And for those wondering a Fib retracement is basically just horizontal levels that can help identify possible places for resistance or support depending on which side your on of course. Above a line it'll become support and below resistance. ⚡️ I already refer to my own horizontal levels in my regular idea's but these Fibonacci levels are basically those levels as well, just on a much bigger scale for a wider period of time which in this case is Days/Weeks based on our highest and lowest points based off XRP's past price action/history. ⚡️ That's it for today's thoughts, hope that wasn't too much for you guys, but thanks as always for giving me a few minutes of your time, especially if you've made it this car. Likes and follow's never hurt and simply help me grow day by day alongside my experience and lessons. Thank you and all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🏆 XRP WINS SEC CASE! WE DID IT! 🏆🏆 Hey! Hope everybody's doing great today! WE DID IT! If you've stuck with me through this journey and made it this far, especially those of you that help XRP and Ripple throughout this whole period alongside me I offer a cheers! It's been a journey that we've been down through more than 2 years now! But in the end it's proven well and well worth. and before I continue just wanted to apologize for the delay, posted an idea and trading view banned me for a bit from posting because I mentioned social in a post so can blame that for the absence. 🏆 In my last idea I noted the fact that XRP may be ready for it's BIG MOVE and alas to see that come true has been a sight! Especially after having exited our Major Falling Wedge to get that breakout coincidentally with the 200 EMA confirmation as the case outcome was released funny enough shooting us up. 🏆 I understand it's Saturday and most of you are probably busy so this will be short and concise but once again thanks for tuning in again! Here's our 30 minute chart showing the whole breakout. 🏆 Below I've marked down this resistance we've got and it'll basically help us identify when we get that breakout or if we'll fall further risking losing that 200 EMA though it's good to point out even with that risk we've done pretty good coming up this far and it'll only be a matter of time before things progress. 🏆 Main chart I wanted to point out though is below: 🏆 All of this ended up sending us back up to what was essentially $1 before we got with with that retracement which is understandable. But that's a good point to mark as we know now that $1 more then definitely possible now. It may not be immediate or quick but this is the turning point for a market that's been stuck in winter. 🏆 Things are going to start heating up is what matters and with Blackrock's Spot Bitcoin ETF being accepted it makes things all the more certain of a future in which cryptocurrency will take a foothold and serve as a real utility. Happy to see XRP get that regulatory confirmation on not being a security. Will help a lot of other cryptocurrencies adjust accordingly not to mention be some good ammunition for those already in legal battles with the SEC such as Coinbase. 🏆 Said today's idea would be short and so I'll leave it at that, but really happy again to see all of this come to fruition, we've been here for well over 2 years now and it was worth it. Thanks for tuning in ladies and gentlemen, feel free to leave a like or follow and share, always appreciated and as you know, simply doing the best I can. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
5
Scholar Rock - SRRK Long Opportunity This company made a really bold move and added $3 million dollars worth of shares to the supply AND selling them at 15% of what the closing price was at the time. Obviously, this resulted in a very big drop. However,vif their investment pays off, overtime, there is no reason this stock shouldn't steadily rise back to it's common price. Unless we get a REALLY bad report for there earning on 08/11. I'm gonna grab a small bag for a short/medium swing - what do you guys think?
NASDAQ:SRRKLong
by elroicapital
"CALLING IT!!"... not really, BUTI am not "Calling it!", but I will say that this (Red Support Zone) is a very, very, very strong support and a **TECHNICALLY* good zone to invest A LOT. For God sake, someone give me some rep some my broke *** can talk in chat! XD I have lost thousands of dollars, but I suppose it wasn't a waste. I learned a lot along the way, and it is great to be a part of this movement and technology. I am truly in here for the experience, and to try and get the out of the hole I live in. I haven't been able to speak to any of you in chat, but I assure you, if you are active, I know who you are and I am glad to be here with you. Bears and Bulls alike. Simple thing is this: Profit is great, but the mountains and valleys I have experienced with you all (and more to come) is better than the price I pay or receive. Thank you all!; life was looking grim (still is from a financial point) but, whatever, you guys are my new family, like it or not. Oh, what would a post be without a Bear riding in a Bull Lambo to the moon! <3<3
COINBASE:BTCUSDLong
by Kylemode
ROCK- Fallen angel formation Long from $33.13 to $37.23ROCK looks very good fallen angel formation from moneyflow standpoint. However we would like it to pullback for ideal entry. It could continue much higher, as a bump & run formation. * Trade Criteria * Date First Found- June 8, 2017 Pattern/Why- Fallen angel pattern Entry Target Criteria- Pull back to $33.13 Exit Target Criteria- $37.23 Stop Loss Criteria- $31.93 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:ROCKLong
by AcornWealthCorp
Is LTC ready to join the overall crypto bullishness again?As we have seen many Altcoin pumped in the last months, LTC is pretty stable for a period of almost two years. LTC is in a really large triangle and according to my drawn trendlines, it is finally breaking out to the upside. it still has to be confirmed by a weekly close outside the triangle. Currently the ltcbtc ratio is at lows we haven't seen in many years. Also the ratio looks more and more like its going for a reserval. We finally have a green weekly close after weeks of red. Another thing to mention is the highly oversold RSI on the ratio which is screaming for at least a bounce. Also there is alot of bearishness and negative talking about LTC (Rock). Which makes me want to take this trade even more. I longed the breakout of this triangle and I am looking for continuation. My target is to at least retest the high of the July pump. If we don't have continuation like all the other times LTC 'pumped' i sell my position and wait for ratio to bottom out at 0.002 levels before i even think about longing LTC again.
L
by FoxTrading
2
Quick update in gold.. Quick update in gold.. Price action have been holding up ridiculously well for the past month despite the record pace of rallying in the stock market. SPY: However, the divergence between USDJPY continues which does not bode well for stocks. USDJPY: On the lower timeframe perspective of gold (4~ 12 hour), it does seems that we have made a higher high price here, however I will not rule out of a possibility of a re-test of $1190 support level. On what seems to be a head and shoulders pattern here, I highly doubt there will be any follow-up given the spike in VIX on Friday's closing. I believe that the second leg down on stocks may start to develop soon which should push gold further up coupled along with the divergence developing in the USDJPY pair. Look out for a quick spike towards $1400 /oz area. However I wouldn't entirely consider this rally in gold to be a bull market. It was badly oversold and was already overdue for a bounce with the falling wedge that have been building for more than 4 years anyway. In other words, there is a possibility that this is a counter-trend rally in a bear market for gold. Silver in the meantime looks pretty compelling, pretty much abandoned by the mainstream. At $1400/oz gold, I'd trade all my physical holdings into silver. XAGUSD: Gold silver ratio:
FX:XAUUSDLong
by LastBattle
5