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Trendexhaustion

How to Profit from Trend Exhaustion - XAGUSDHow much ... and when? What else is there to know? Enjoy this multi-timeframe tour of the XAGUSD chart to learn how I find MAJOR reversals and targets BEFORE price action reaches them. As always, I strive to produce charts that speak for themselves, and yet this is my video debut here on Tradingview, and I could not be more pleased to narrate this unusual experience. If you enjoy it or, better yet, if you learn from it, then consider this a preview of forthcoming weekday morning livestreams, which I hope you will follow. Until then, be liquid!
OANDA:XAGUSDEducation
by TheLeadingIndicator
4
"A Dangerous Tool" - Palantir Rally Ends w/ 6.66:1 Short A detailed look at the weekly price action history of PLTR indicates that the recent rally has come to end ... but I've been wrong before, so I welcome your tough questions and chart-based counterarguments. The strongest confluence supporting my conclusion is the simultaneous retest of the Euler Trend Exhaustion Limit and the 2nd Standard Deviation of the VWAP anchored at the Swing Low. As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. In this case, it is the last of those, TREND EXHAUSTION, and specifically the use of Euler's number as a ratio in the Pitchfork to estimate the major inflection points in advance, that makes this chart unusual, and explains why it must be viewed in the weekly timeframe. This technique has appeared before (Bluzelle, for example) and will appear again in my ideas and videos. Notice how price interacted with the Limit before, when it passed thru it for the first time in August of 2022 ... The Short position is placed in the future, as I expect price to range and even retest the aforementioned AVWAP one last time before falling into the trade. If you zoom in carefully, you will notice that the Stop Loss and Profit targets are discretionary and based on dynamic levels within the AVWAP Array. The Risk:Reward ratio is arbitrary, and 6.66 is merely a measure of my esteem for this beastly "business" and the product that it sells. As Gandalf said, "If all the Seven Stones were laid out before me now, I should shut my eyes and put my hands in my pockets." The overlapping S-Curves indicate a price squeeze followed by a breakout, which I anticipate will be upward. If price rise to the highest potential shown, that would only improve the Short entry as opposed to negating my opinion, which is, of course, subjective. The fact that this company and others like it (BAH, for example) are so enthusiastically traded by a sheltered public foretells of a troubled future, which I look forward to discussing in forthcoming livestreams. Again, I welcome your best questions. Until then, be liquid !!! . . . movie-sounds.org
NYSE:PLTRShort
by TheLeadingIndicator
4
"Thrill Rides is our DNA" - 7:1 Long on SIX What a rollercoaster of a stock since before the crash of of 2020 ... my charting of Six Flags is inspired by just now listening to a video about the company (not produced by me), and by my recollections of Magic Mountain from as early as the 1970s. Hopefully you will challenge my forecast and/or my measurements with your tough questions, since this venue is meant to arouse the reverse-engineers and to provoke the thinkers to do what we do best, right? As always, I strive to render these ideas of mine so obviously that their explanation will require no words. Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. The details of the chart speak for themselves, however the fundamental narrative on which it is based is not all mine, only my initiative to look for a trade in it (see links below, for reference). You will note that, as of this writing, the price has not fallen into my entry point, nor do I have conviction in the full harmonic potential. Even the heat map w/in the Range Analysis agrees with my medium term vision, which ends in an implied retracement. Another 8:1 Long trade is also implied, should this forecast play out, however that will depend on fundamentals that will have evolved significantly by then ... which is to say that Six Flags may not survive a recession even with a decent turnaround strategy. I am preparing a video on prospecting for opportunities during the current Sector Rotation, and Six Flags might become part of it. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023, in preparation for live streaming. Until then, be liquid !!! . . . NOTES: "The Death of Six Flags Is Getting Ugly" www.youtube.com After reporting their Q2 Six Flags 2023 earnings report, Six Flags stockholders have been shell shocked and the future of Six Flags looks dim. What will become of all the best roller coasters in the world that the Six Flags parks have assembled? Will 6 Flags survive or will the Six Flags 2023 season be one of their last?
SLong
by TheLeadingIndicator
XRP Bull Breaker - Alternate View By Popular Request (5:1 Short)My most popular idea by far, with over 70 comments in half as many hours, is this one, which I've revised in order to show the Trend Exhaustion details w/in the AVWAP Array on the 1D chart. Again, if you are a long term Bull, you won’t like it, and yet since I operate by the Steel Man principle, I welcome your toughest questions and chart-based counter-arguments. As I always, I strive to render my ideas so that I need no words to explain them, although I can (and do) write detailed paragraphs (elsewhere). Anyways, in the medium term, I expect price to fall to the $0.3785 shown here, which also marks the Point-of-Control from the last major swing low. Price Action already tested the positive 3rd Standard Deviation of the AVWAP from the same reference point, as shown, and will, by degrees, retest the negative 2nd Standard deviation below (+/- $0.22 USD as of this writing). The stop loss shown here is discretionary and conservative, and should be revised for current conditions if you are considering a short trade. Closer study on lower timeframes may reveal a better entry or stop loss as the chart unfolds over time. Hopefully this version clarifies a few details for the confused. In practice, the Trend Exhaustion Wedge reveals stop loss and profit targets for day traders on the lowest time frames (minutes, even seconds), which are, by nature, moving targets on any given day. The AWVAP Array, on the other hand, is dynamic, and prints according to the timeframe, unlike the trend lines. I intend to start live-streaming soon, so feel free to ask questions if you have any. Critical thinkers only ... XRP-Trolls need not apply. Until then, be liquid!
BINANCE:XRPUSDShort
by TheLeadingIndicator
13
XRP Bull Breaker - 7.77:1 Short + Longterm ForecastI just finished a complete overhaul of my XRPUSD chart, a portion of which is on display here in order to publish my medium and long range forecasts for this most “distributive” of digital assets. If you are a long term Bull, you won’t like it, and yet since I operate by the Steel Man principle, I welcome your toughest questions and chart-based counter-arguments. As I always, I strive to render my ideas so that I need no words to explain them, although I can (and do) write detailed paragraphs (elsewhere). Anyways, in the short term, I expect price to fall below the $0.3785 shown here (purely for the 7.77 R-Value) down to ~ $0.34, then to ~ $0.28 in the medium term and finally to ~ $0.22 at or near the next BTC Halving event. From there your eye leads up to the Trend Exhaustion Limit and retraces until the end of 2025. Three years later, if my forecast is correct, there will be a final speculative peak, after which price should level off to some stable range of intrinsic value of ~ $5.89 throughout the next decade. Obviously, this chart is not tradable, per se, and serves instead as an an introduction and reference point for lower timeframe ideas and videos I intend to publish. The complete chart has many granular details for targeting stop losses, and new details will be constantly updated (and erased) as price action unfolds. Until then, be liquid!
BINANCE:XRPUSDShort
by TheLeadingIndicator
92
Enjoy my Bitcoin Chart & its Bearish ForecastThose who know my work will recognize that my chart has taken this essential form for over 18 months, with only minor refinements. Hopefully you will challenge my forecast with your tough questions and counter-arguments. After all, this venue exists to arouse the reverse-engineers and to provoke the thinkers to do what we do best, right? As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. There are too many details here to discuss, which I will save for future, more detailed posts. For now, you may concentrate on the downside targets and how the price action interacts with the implied forecast as we move forward through time. On a practical level, this chart is meant to be traded on the 15 minute chart and below, all the way down to 1 second. Whereas the big picture imparts a sense of directional bias, the hyper-granularity of the many intersecting color-coded diagonals reveals precise targets on the lowest time frames suitable for daily scalping in the futures markets. Speaking of the future, until then, be liquid !!!
INDEX:BTCUSDShort
by TheLeadingIndicator
2
Kinross Gold - 6:1 Long w/ Multiple ConfluencesThe weekly KGC price chart looks juicy for swing traders and position players, or anyone in search of quicker gold-correlated returns than the metal itself offers (+/- 25%). As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. This chart was developed on the 1D frame and the entry was made on the hourly, and is here presented in the 1W version to accentuate the Trend Exhaustion Wedge w/in the Fib Space as fully as possible, albeit w/ some loss of detail. In fact, I generally prefer to trade on lower timeframes, so I execute swing trades like this one directly via my bank, in lieu of a savings account (which is NOT financial advice, by the way). Furthermore, a tighter Stop Loss at $4.71 (instead of the $4.64 shown here) offers a 9:1 Risk-to-Reward ratio. When it comes to most mining stocks, I tend to rely on pure price action based on tight line-work, with a minimum of indicators. Besides the obvious Harmonic W, a variety of patterns are on display here, including a descending Three Drives followed by an ascending version. The profit and retracement targets are passively based on Fibonacci ratios, and dynamically based on the VWAPs anchored at the C-point of the harmonic pattern. A volume profile is also anchored there, although it will become less valuable over time on the 1D chart, and is already invisible on hourly charts. One indicator worth noting, though, is the correlation histogram with First Majestic Silver; the periods of divergence should be especially interesting to lower timeframe prospectors. In fact, especially when I look at mining charts, I prefer to study their correlation either to the underlying asset or, better yet, to some other lesser-correlated asset in the same "genre". I will discuss both Kinross Gold and First Majestic Silver in forthcoming videos and streams on strategic and/or monetary metals. This will give you an opportunity to see what these charts look like on lower timeframes, and to ask questions. Until then, be liquid !!!
NYSE:KGCLong
by TheLeadingIndicator
2
Borr Drilling - Final Leg Up of Three Drives Pattern (5:1 Long)The price action of Borr Drilling retested the bottom of its Accumulation range about a year ago, and now a bullish Three Drives pattern appears to be forming, one which is almost ready to extend its final upward leg. As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. Note that I expect price to fall into the entry point, which has not happened yet (more on that below). My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. Along the upper region of the pattern is a Distribution range derived from the Fibonacci channels that define the space, across which are arranged a variety of profit targets. Meanwhile, below is suggested a line of "Late Entries" and a "Moving Stop Loss" based on the Euler ratio of the Andrews Pitchfork. Furthermore, the time limit is imposed by a the same ratio in a Modified Schiff Pitchfork, into which the descending leg of the pattern may be expected to fall. Obviously, if the price action plays out as forecasted, there will be an opportunity to short at or near the top and aim at any of the downside targets given. That is already well into next year, and a lot will happen before next Summer. Until then, be liquid !!!
NYSE:BORRLong
by TheLeadingIndicator
4
Bluzelle ... The End of the Party A quick look at the look at the price action history of Bluzelle suggests that the impressive run up since midsummer has come to end ... but I've been wrong before, so I welcome your tough questions. After all, this venue exists to arouse the reverse-engineers and to provoke the thinkers to do what we do best, right? As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. Although my trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. In this case, it is the last of those, TREND EXHAUSTION, that most indicates to me that a limit has been reached and price will fall. Furthermore, that limit has been reached BEFORE the obvious (highlighted) profit target. There are many techniques on display here, but the most important of these is the use of Euler's number as a ratio in the Andrews Pitchfork to time measure inflection points. This technique will appear again in my ideas and forthcoming videos. Now that I have enough followers to enable streaming, I will consider taking topic requests while I develop a programming schedule and make my first recordings. Until then, be liquid !!!
COINBASE:BLZUSDShort
by TheLeadingIndicator
9
ETH/BTC - Flippening ... What Flippening ???My analysis of the ETHBTC chart suggests that there will be no Flippening, neither soon nor ever, an idea which I hope you will challenge with tough questions. After all, this venue exists to arouse the reverse-engineers and to provoke the thinkers to do what we do best. As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. Although my trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION, this is not a trade, per se, but the consummation of my understanding of the future of Ethereum as a "commodity". Furthermore, I am preparing the charts of XRP/ETH and AMP/ETH as part of the complete analysis. Now that I have enough followers for live-streaming eligibility (many thanks!), I intend to do a recurring weekly show on prospecting within the cryptosphere, where those charts and others will be showcased regularly. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023. Until then, be liquid !!!
by TheLeadingIndicator
3
Russell 2000 Micro E-Mini Futures (M2k1!) - 4:1 LongMy analysis of the Russell 2000 surprises me, since I am instinctively more bearish than the chart seems to be. Hopefully you will challenge my forecast with your tough questions, since this venue is meant to arouse the reverse-engineers and to provoke the thinkers to do what they do best, right? As always, I strive to render these ideas of mine so obviously that their explanation will require no words. Nevertheless, this 4:1 Long trade on the M2k1! chart is of fundamental interest, considering that the Russell 2000 Index is a leading indicator of the US economy as a whole. Note that I have not entered the trade, because I expect price to fall farther still, as indicated by the custom Trend Exhaustion Wedge. Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. As I mention in most of my other ideas, trading the CD leg of harmonic patterns is especially risky, since they are NOT confirmed until after the D-point prints. Although I prefer to rely on the charts, I cannot help but notice the many challenges being visited upon China these days, which could indicate a timely trend reversal for American industries. Of course, this is NOT a longterm forecast, nor am I instinctively bullish, per se. In the short and medium terms, price action should remain bound by the 0.236 to 0.382 Fibonacci retracement range set by the ATH during the "Everything Peak", shown in this 4h chart by the highlighted Purple channel. There are so many unknowns beyond Q2 2024 (on account of CBDCs, among other variables), that it is too soon to assume that price action will return to the Blue accumulation zone that also marks the top of the forecasted move, even though some important pre-Covid levels have been tested. Followers of my ideas may not be familiar with the aforementioned Wedge, which (among other things) suggests possible late entries in case price fails to hit the specified entry level from below, after confirming a C-point. The Wedge is merely one of many details in the full chart, which can't be seen in this condensed 4h version. I am preparing a video on prospecting for opportunities during the Sector Rotation, and the RUT and the E-Mini Futures are part of it. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023. Until then, be liquid !!!](<My analysis of the Russell 2000 surprises me, since I am instinctively more bearish than the chart seems to be. Hopefully you will challenge my forecast with your tough questions, since this venue is meant to arouse the reverse-engineers and to provoke the thinkers to do what they do best, right? As always, I strive to render these ideas of mine so obviously that their explanation will require no words. Nevertheless, this 4:1 Long trade on the M2k1! chart is of fundamental interest, considering that the Russell 2000 Index is a leading indicator of the US economy as a whole. Note that I have not entered the trade, because I expect price to fall farther still, as indicated by the custom Trend Exhaustion Wedge. Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. As I mention in most of my other ideas, trading the CD leg of harmonic patterns is especially risky, since they are NOT confirmed until after the D-point prints. Although I prefer to rely on the charts, I cannot help but notice the many challenges being visited upon China these days, which could indicate a timely trend reversal for American industries. Of course, this is NOT a longterm forecast, nor am I instinctively bullish, per se. In the short and medium terms, price action should remain bound by the 0.236 to 0.382 Fibonacci retracement range set by the ATH during the "Everything Peak", shown in this 4h chart by the highlighted Purple channel. There are so many unknowns beyond Q2 2024 (on account of CBDCs, among other variables), that it is too soon to assume that price action will return to the Blue accumulation zone that also marks the top of the forecasted move, even though some important pre-Covid levels have been tested. Followers of my ideas may not be familiar with the aforementioned Wedge, which (among other things) suggests possible late entries in case price fails to hit the specified entry level from below, after confirming a C-point. The Wedge is merely one of many details in the full chart, which can't be seen in this condensed 4h version. I am preparing a video on prospecting for opportunities during the Sector Rotation, and the RUT and the E-Mini Futures are part of it. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023. Until then, be liquid !!!
CME_MINI:M2K1!Long
by TheLeadingIndicator
7
HBAR 7:1 Long Swing Trade @ Below Accumulation PricesA few of my thoughts about Hedera Hashgraph and its near term price action are charted here, which I hope you will challenge with tough questions. After all, these ideas of mine are meant to arouse the reverse-engineers and to provoke the thinkers to do what they do best. As always, I strive to render them so obviously as to require no words. Nevertheless, HBAR has been at these attractive prices (+/- $ 0.50) for an eerily long time, considering the rally that has taken place this year for Bitcoin and several of the other "usual suspects" that lack utility and/or user-facing marketing campaigns. Currently, the 7:1 Long trade is merely one of many setups that are coming into focus as the ongoing accumulation phase comes to an end. Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. As always, it must be noted that harmonic patterns are NOT confirmed until the D-point prints, ergo trading the CD leg is especially risky, and requires real-world context not available on the naked chart ... ergo DYOR. In this case, the Median line of a Pitchfork generated by the completed bullish reversal pattern (Green M) also marks the A-point of the currently forming bearish reversal pattern (Red W). Furthermore, the 2.718 Fibonacci extension of that pitchfork implies a time estimate for completion of the current pattern. Keen observers will note that the Long trade idea on display does NOT extend as far as the D-point, but instead has its profit target the 2nd Standard Deviation of the VWAP generated by the A-point, where price may be expected to roll over. I intend to publish a more comprehensive video surveying the current swing trade setups and medium term opportunities in crypto projects, although it must be admitted that there aren't many. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023. Until then, be liquid !!!
BINANCE:HBARUSDLong
by TheLeadingIndicator
4
How to Analyze the $SPY Daily ChartGreetings fellow traders, Welcome to this installment of our newsletter where we analyze price action on AMEX:SPY on the daily, hourly, and 15 minute timeframes. We will keep this one short and sweet. DAILY TIMEFRAME What is the Trend? The short term trend is bullish: the 9-candle EMA is trading above the 20-candle EMA. The medium term trend is bullish: the 20-candle EMA is trading above the 50-candle EMA. The longer term trend is bullish: the 50-candle EMA is trading above the 200-candle EMA. How Strong is the Current Trend? One of the ways that traders can analyze the strength of a trend is by appeal to the Average Directional Index (ADX). Readings below 20 indicate a weak or non-existent trend. If the ADX is going up, readings between 20 and 40 indicate a developing early trend of low to moderate strength. Readings between 40 and 55 indicate a strong, well-established and robust trend. And finally readings above 55 indicate an extremely strong trend that is likely approaching exhaustion. At the moment, the ADX is 25.04 on the daily chart, indicating a low strength trend that can, with additional momentum, pick up steam. But how likely is this? In order to answer that question, we are going to have to look at several other technical indicators, supply and demand levels, and chart patterns. One of these technical indicators is the relationship between the 9-candle EMA and the 20-candle EMA. Despite the impressive upward move in price action yesterday, the distance between the 9-candle EMA and the 20-candle EMA remained constant from the day before. If the trend was strong, you would expect the distance between the two to be increasing. The fact that it did not is a potential warning sign that the trend is not extremely strong at the moment. What do the Momentum Oscillators Tell Us? Another thing to consider are the two main momentum oscillators: the Relative Strength Index (RSI) and the Stochastic Oscillator. These momentum oscillators can give us clues as to whether or not the current trend is reaching exhaustion, or if it is likely to continue. Let’s first consider RSI. As of yesterday’s close, we have an RSI reading of 65.86 — a reading that is approaching the technical overbought level of 70. For reference, the last time that AMEX:SPY was trading at these levels was in August of 2022. During that incredible summer rally, the RSI pushed all the way up to 73.43 before the trend reached exhaustion and a powerful reversal ensued. Bearing that in mind, you should not necessarily be surprised if AMEX:SPY were to push into that overbought territory this time around as well before reversing. That being said, the Stochastic Oscillator is flashing a reading of 97.52, which is incredibly close to the maximum overbought reading of 100. This is a major indication for technical analysts that we may soon see a mean reversion in price action so that this all-important momentum oscillator can “cool off” for a bit. Indeed, it has been 6 days since AMEX:SPY last made contact with its 9-candle EMA, suggesting that we are potentially due for a basic reversion to the mean in price action. If we were to first push higher, though, there are a few levels on AMEX:SPY to keep in mind. How High can the Market Push? The first is the upper Bollinger Band, which closed yesterday at 430.97. While that value will shift higher today, this upper band is a level to keep in mind as potential resistance should the market catch an end-of-the-week bid. The second level is the high from August 2022: 431.73. Both of these levels are within reach if bulls want them. Finally, if things get really crazy, keep your eyes on 435.34. Are there Signs of Bearish Divergence? Notwithstanding the potential for one final push to enter the overbought territory on RSI, it is very important to note that on Monday of this week we received a technical bearish divergence signal in price action. Even though the market made a higher high than at any point in the previous 30 trading days, we did not get a higher high in: The reading on the Relative Strength Index The reading on the Stochastic Oscillator The reading on MACD When these indicators fail to make higher highs while price is making higher highs, this is an incredibly strong sign of bearish divergence. Should the market push into close, positioning for a mean reversion pullback during power hour should certainly be on watch. What are the Mean Reversion Price Targets? However high price ultimately pushes before reversal, it would be prudent to keep the following potential pullback levels in mind if you are trying to play a mean-reversion trade. The first target would be the 9-candle EMA. While it is currently trading at 424.54, this value will change with each passing day. You can use this, or potentially the 14-candle EMA, as your first “profit-taking target” for a mean reversion trading strategy. Do keep in mind, though, that there is currently some solid demand between 426.14 and 425.82 that we will have to break through in order to gain some selling momentum. The second target, should the first be broken, would be 422.58, a previous resistance level. The third “stretch” target would be around 420.73. Anything below 420 would likely see 418.31. What are the Main Supply and Demand Levels to Add to our Charts? Finally, make sure to track the recent supply and demand levels on the daily timeframe: 429.62 420.72 417.62 415.72 411.92 Stay tuned for the follow-up video where we zoom in on the hourly chart for more specific short-term guidance.
AMEX:SPY
by StockJustice
Introducing the Chop and Trend Index (CTI)Get ready to revolutionize your trading strategy with our latest tutorial on the Chop and Trend Index (CTI)! This unique indicator, unlike traditional oscillators, provides a fresh perspective on market conditions by identifying periods of market chop and strong trends. Whether you're trading stocks, forex, or commodities, on any timeframe, the CTI is a game-changer. In this video, we'll break down how it works, how to use it, and how it can enhance your trading strategy. Don't miss out on this opportunity to stay ahead of the market curve with the CTI!
NASDAQ:QQQEducation
by StockJustice
BTC Health CheckWe got relief bounce as expect, everyone was betting on a double bottom last night. Looks like we had it. Sadly bulls need to show more strength, we are losing volumes. Key resistance 40536.66. We fell below ma200 and ma50 on the 8 hour timeframe. Some factors that will shake the price of BTC I believe, (1)Confirmation on Russia invasion on Ukraine (As of now, Russia has move it's troops into eastern Ukraine), and also (2)Biden preparing Executive Order on cryptocurrencies. Right now, what we are experiencing in the crypto space is unlike anything we had experience in the past. Satoshi Nakamoto, please don't get caught!!! Stay in the shadows. (As E-gold was shut down years ago, before the evolution of BTC) BTC 8H
by Cryptoblooming
XRP Mocking The BullsPrice has hit .45 as discussed in my last post. Need to regain the .46 region in the next 50 min to have 4hr candle body to respect trend line. If this does not happen we will continue towards .40, possibly stopping at .42. Bulls or bears could make a big move as we flirt with major resistance/support. Lowest support we could hit while maintaining bullish structure on the daily and weekly timeframes would be .33 - .34 IMO. If this is a reality I see it as a quick wick down and not an area we will spend a lot of time. We are coming out of a two plus year bear market. Even at .45 you still have 100% gains in a very short time. Savage volatility inbound.
COINBASE:XRPUSD
by MitchMilli