CoinBlank

CoinBlank

There seems to be a lot of uncertainty in the market right now, so I decided that I should write a few things to help put things into perspective. Whenever we get in scary moments like these, I like to look at the long term picture of things to see where we're at in the overall cycle. Technically speaking, there is good long term support at the current levels....

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A smart person once told me to learn the rules of the system and to play its game... This game is full of manipulation, where in the short-term, it can be a very difficult game to play. It becomes increasingly information intensive the more granular you go, and even so, your interpretation could be flat out wrong. Or, on the other hand, it could be completely...

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The ATR is telling us that there should be a relatively volatile movement in price within the next two days (for the minor trend) and this can go in either direction. The volume is pointing towards a breakout as well. The breakout is most likely to continue upwards, given the main direction of the greater trend and the MACD's curtailed rapid fall, as the fast line...

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We see an asymmetrical triangle forming in the weekly, the grander upward force condensing between its sides. To follow a general rule of thumb, if the price bounces three times, it's set to blow. It makes sense if you pair this with the "Don't catch a falling knife" analogy since the knife will have stopped falling and be resting on the floor. Though we all want...

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It's not a bad time to buy in right now. If I had a lot of money, I'd buy at this price and hold for a year. The TA is saying we should see the price make strong upward movements over the next 6-12 months. The rising volume supports this. Beyond TA, we know that the BTC halving is set in May and that this event historically drives up the price. I believe that it...

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During chaotic times like these, we must remind ourselves the TA can only explain probabilities and that these probabilities are typically defined in a normal environment. That's why I deduce that even though the price will move erratically due to the chaotic nature of the outbreak, long-term investors/believers/buyers will eventually define a bottom; it is at...

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These are just some notes regarding my long position on XRP. The fundamentals of the asset are the same. We are just going through turbulent times, where the majority of people value having cash on hand rather than any other asset. Some may say that this isn't very reasonable since the Fed's easy money policy may cause extensive inflation, but thinking about it...

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After my last piece on XRP, I realized that there is still so much more for me to learn regarding trading crypto, specifically what technical indicators really work for me and what don't. I'm not gonna pretend that I know everything, so I hope you all who follow me take this with a grain of salt. It is my intention to make my profile about documenting my learning...

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Everything is pointing upwards for BTC at the moment. We have a bullish TK cross and the price is already broken into our cloud. Nothing looks like it could stop it from making a full break up and out of the cloud as our triangle formation is telling us that the buyers are beating out the last of the sellers and we have the upward momentum to back up this...

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We have a bullish TK cross that is supported with the lagging span crossing into bullish territory as well. The macd was going up as price was going down, which is another bullish signal. The lines in the macd look like they’re crossing over the middle which is a good sign as well. Looking at our fib retracement, it looks like we have -heavy- support as the price...

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Though lagging span is bearish and cloud is bearish, the TK cross indicates a bullish change in momentum and we can see that our MACD is signaling a surge of upward price action and our downward trend is coming to a cross with our heavy support line from underneath, forming a triangle, where our price is only barely breaking out of the apex. Our stochastic rsi...

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I know what I said in my last piece about XRP, but I think I should rescind that for a good reason. We can see in the 4-hour that the top of our downtrend line is going to meet with our bottom support line very soon and the momentum indicators had just performed a TK cross. We should see a breakout over the next 4-5 days if this cross is sustained, which I think...

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We see that XRP is in a similar situation to BTC, where the overall IC indicators all currently point to a bearish force. Though the lagging span and the conversion and base lines look like they are close to coming into a bullish position, with such a strong run up in such a short amount of time and the fact that we've been generally heading downwards for the past...

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If we look at our 4-hour, we can see that there is a possibility of seeing a TK cross occur within the next day or so. For now, I would just keep an eye out and wait for it to occur. If it does, then I'd consider increasing my position, but that depends if the cross is sustained and if the greater market sentiment is ready for such a bounce. If not, I'd suppose...

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I am not looking to increase my position on XRP until I can see a valid bullish TK cross. I don't care if I have to wait several months, I'll wait until the price is right. There isn't much to say except keep your eyes watching and wait. Happy Trading! -LB

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I've been perplexed about whether the price will jump back up or continue to be beaten down at the moment, so I've been looking around for different opinions to see if I could augment my own. Though many are quite bullish that XRP's price will surge and breakout from this falling wedge (www.tradingview.com), I feel that the technical indicators are failing to...

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Let us look to the two ellipses, one containing the lagging span and the other containing the pricepoint, cloud, and momentum indicator. If this bullish TK is sustained and the pricepoint manages to come into a bullish position above the cloud, we can infer that our bullish lagging span is not just a fakeout and that it would be quite proper to consider our next...

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It looks as though my hypothesis in my last analysis on XRP was incorrect! But that's okay since now we know that the correction is still in progress. We can confirm this by looking at our 4-hour. It looks like we'll see whether if this will make a push in the next 4 days by popping out of the apex or if it will fail, where the lagging span would cross underneath...