BTC is trading at the level I was looking to short from. This short would serve as a hedge for my XRP long, but price is not giving signs of weakness. I'm going to monitor how it develops, if it goes I will climb on board, that would nullify any loss off XRP. If my stop loss is hit on BTC it would mean my XRP long would be pumping. Either was I want to be part...
I've been watching price develop over the past few days. I think there is a very good bullish case forming, could the higher low already be in? My previous bearish scenario saw based on the assumption price would make a slower and deeper move lower, before making a higher high. The last 3 days have shown very bullish price action. It seems like price might not...
I got stopped out on my previous attempt to short BTC. Sometimes it moves like it's being manipulated, I wonder what that's all about. Same areas I marked out are coming in to play yet again. These levels are quite important imo. The short trade will be made here, there is a large amount of potential downside in this coming move. As always when I expect a bearish...
XLM is one of my favourite projects and I actually hope it survives. There is a lot of quality and potentially use in this project. Technical analysis is painting quite a bullish picture. Price has been on a rampage against BTC and USD. It saw a larger surge higher when compared to the majors. I believe if we do see an alt season anytime soon, XLM will be very...
The scenario where XRP goes above 0.30 If you look left XRP is revisiting levels from 3 years ago during alt season. Xrp was one of the biggest beneficiaries of that pump, these are levels that could potentially hold a lot of liquidity. If you think about it, anyone who has been holding will have orders down there. XRP is the only one the "majors" that dipped...
Monthly I was expecting a bearish begging to the month, looking for a long entry below the monthly open. I was stopped out on my first entry because my stop was too tight, but I caught the initial move lower, now I'm currently on alert for the possible long. My Tp was placed in an area of great interest to me (blue box). I believe this area will be very...
Good exercise in allowing the trade to play itself out. Price finally made it's move lower. Could this be the lower high finally printed, will XRP head to 0.07? If this is the swing point for the next leg lower, it must clearly violate its structure on the tighter timesframes. I don't have a trade running, Tp was hit and didnt get a chance to manage the trade....
The pump on BTC was very suspect but made sense if BTC is to move higher. The 9k area was taken with a spike above liquidating any stops sitting above there. Price has lost momentum, could see a failure and a move lower to pick up orders and scare the moon boys. A break below 8k in to reaching for liquidity would trigger buy stops. I want to say we see 10 by end...
XRP has been printing a clearly bullish structure, simple and clean. A new high has been printed after the deviation above 0.22-0.23 What comes after a new high, a higher low. Using this logic it's clear where price will try to reach next. It might take a few days to a week for this to play out. Study price structure and the levels will reveal themselves.
Xrp is just playing out beautifully. This pair is telegraphing all its movement if you know what you're looking for. In my previous post I was calling for a failure back below 0.22, the retest was the trigger for the short after the failure swing. After a bit of pain with the drawdown, price moved in the anticipated direction. There are levels price keeps...
Stop loss Was too tight and got tagged. I'm still on the hunt for a short, this is the kind of my move I'd be looking for. 15 minute break and retest of 0.22, still targeting 0.19 I run very tight stops.
After weeks of upside movement 0.22 has finally been met. The 4 candle closed just below, this to me indicated sensitivity putting me on short watch. I expect a deviation above befor any breakdown can occur. The deviation would give a reference for a stop loss. I am now waiting for price to create and violate a short term structure. I am short at these levels...
We are only a few days out from the close of the monthly candle. April was a bullish month for Xrp, made a lot of gains with an almost parabolic move. As green as all those weekly and daily candles were, the monthly chart has its own story to tell. This is not to say XRP does not have legs to keep rallying, is the most likely outcome, I have serious...
Xrp finally took out the high after a slow grind. My 0.22 target is that much loser. The plan is to wait for the daily close, if price closes above the high a break will be confirmed. In that case the open of tomorrow's candle will be very important, I will look to long Xrp below tomorrow's open and target 0.22. I Will be looking for an entry as close to the...
Stellar is one of my favourite investment, out performing all other "majors" Long term this is the most optimistic of the cryptocurrenciess. If you look at the XLMBTC chart you can see stellar is the stronger of the two. In my opinion The next bull run is imminent and stellar is front running the market, I expect a dump when the halving event happens but stellar...