S-XRP
XRPUSD - Daily Candles and SupportA quick video update on XRP and what I expect for the near to immediate future.
I qualified last year as an investment analyst, you're welcome to check out my LinkedIn and reach out if you want to collab with me.
For a quick educational idea on volume and support, check out the short video below in collab with CryptoCheck.
Trade safe,
Evelyn
XRP - Previous demand zone now RESISTANCESupply zone = RESISTANCE
Demand zone = SUPPORT
Ideally you would like to see the previous resistance become the new support. If that support breaks, it is back to being a resistance and the PRIOR supply zone/resistance should be watched for a possible support/bounce.
Short term bias - Sideways trading, bearish.
Thank you for watching
Evelyn
#bitcoin analysis 6.23.21 - That was a Healthy #BEARMARKET that we endured and hopefully survived through.
Markets are designed to shake you out
UP ONLY doesn't exist in the real world in a real Marketplace ... save that for the PONZI schemes (ahem Madoff)
The days of 80%+ value destruction in #BTC SHOULD not happen
(unless we see a HUGE spectacular blowoff event)
Quick Bitcoin Overlay videoAnother interesting structure with BTC.
Have a look at the overlay's here.
Here's the link to part two of the Wyckoff basics;
Here's the original call for the drop - the levels were pretty respectful as a whole and hit the target a bit quicker than planned.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.