If you believe my idea title then you probably believe that XRP is the future and it will replace money! Snap out of you delusion, Crypto is just another way for the big players to make money off the retail traders, feeding you all false hope and the get rich schemes just so they can pull there investment out the markets when everyone is in a buy trade so then the...
Here we have just a simple BREAK and RE TEST of a strong SUPPORT turned RESISTANCE zone... see how bloody simple it is?? We are expecting price to get pushed down by the bears and all the uncertainty with possible USA war going on USD should weaken pushing this price lower. This is just pure price action setup, no fancy indicators or rubbish.. see how simple it...
Depending on what happens between Iran and USA we could see Oil make bearish moves down to our BUY target zone but at the moment trading oil is like playing Russian roulette as Iran are looking for revenge for USA killing 2nd in command and the main way they can get at USA is through Oil, Now my guessing is that they are going to go and blow up a few Oil tankers...
We can see that price is at the 3rd touch of a daily trend line and this lines up with a resistance level or zone that has previously been used and respected a number of times and as they say HISTORY REPEATS ITSELF so we can only see bears taking control once again and pushing price lower... BTC is DOOMED! What happened to price going sky high by the end of 2019?...
On this chart we can see 2 possible BUY areas highlighted by our yellow boxes, they are really strong BUY areas as they are placed on STRONG support and resistance areas that line up with the 3rd touch of a trend line, We always say that the 3rd touch is the strongest and most likely to generate a bounce of price so third touch with a strong support and resistance...
Im not saying my mum gets around but i have 10 possible fathers so i call them all dad, Christmas time is fun 10 lots of presents... But trying to fit in 10 Christmas dinners is a bit of a struggle lol. Now from my chart you can see i like to keep things nice and simple as this is all thats needed, you dont need to complicate things by using 2000000000...