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XRP, wealth creation swing trade XRP, is getting support on 50 MA.
As you might see the red circles same about to repeat we might see a great move ahead. This can be a great Swing trade with a good Risk and Reward Potential.
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Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains.
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BTC/USD DOUBLE BOTTON OR NEW LOWS ?Hi all !
this is a weekly bitcoin chart using blx data :)
we are under 128ma and 50ma on weekly for now lets see how closes todays .... anyways deathcross on weekly is evident using this Moving averages i use for bitcoin , also i know about a " future golden cross" on 1day and other timeframes but listen..... first price is above .....and usually will be not easy....so like last time we also got a golden cross in the previous bear market and failed hard and we make the double botton then we got the 2nd golden cross and boom ... bull market started :)
so i expect this to dump very hard in 30-60 days...
OPTIMISTIC TARGET 3500-3100 AREA ( double botton )
2nd target 2782
3r target 1890-1710
Have fun !
How Much Will Bearish Harmonic Be Respected?A bearish harmonic is still being completed before price does a retracement back down off weekly support/resistance area around 112.125. Looking for price to go as far down as the trendline for bounce up for continuation.
But if price breaks the trendline, it will fully respect the bearish harmonic and will possibly make its way down to the previous weekly SR area at 109.781
BULL TPS:
112.938
113.558
If bounce off the trendline below, lower TP is 111.732
BEAR TPS:
111.834
111.531
If break the trendline
111.055
110.703
110.273
target tp 109.781