Had a revelation with my gold chart. I originally had anticipated a crash lower but we’ve been rejecting the 1800-1850 zone very well on multiple time frames. I’m looking at an entry for Gold at about 1900. I’ll probably break up my 1 - 3% risk in a few different positions if price dips slightly below 1900. The set up though is from a ascending triangle, price...
We'll most likely be seeing a bearish push after that drive up into a new all time high with gold. $1750 seems to be key for entry as it makes sense psychologically, lines up nicely with a monthly 78.6 fibo retrace and a monthly demand zone still needing to be filled. Also (this is unlikely, but as gold just went parabolic you never know) I have the 1675 region...
Tried this set up out with fuji film because Nikki told me she was interested in their stock... I didn't like the price at the time and drew up some fibs from low to high on the weekly as it would've been a long term investment. Entry would've been at the 61.8 fib and the 100% fib. Crazy that I never took these positions as I didn't think much of it, but just look...
A trendline break and retest, a fibonacci set up with a fib set up within the fib set up confluencing nicely. along with price waiting to come over to the trendline before rejecting the 61.8 fibonacci on the larger time frame. If price follows the likes of ZRX and BTC then this should be a really nice set up
we have a beautiful trendline ascending also confluencing with the 78.6 fibonacci. i expect price to hold at the trendline and wick down to the 78.6 as XRP loves to do and continue higher... as always 1-3% risk. we have a great potential low risk high reward set up if this unfolds as i expect it will...
where are all your favorite 'experts' now screaming that we are going to 0.06c. Fools... dreamers... its ok... to the analysis
if we break 50% retracement successfully then we will rocket higher IMO then probably come down a little find a support and continue higher.. as ive stated in prior analysis. go look
On XRP we have a weekly fib starting at the lowest wick on the week of dec 15, 2019 going all the way to the body close on the week of feb 03, 2020. If you look at the fibonacci extensions -27 and -61.8% you can see price has wicked up to test these regions in two separate weeks and then has plunged its way all the way down to the opposite extension of...
Spotted this on the 4hr timeframe and took initial position yesterday with a 1.64% stop-loss the trade has now come down( to test the trend-line again and is on the way back long and i have also found a better entry point than my initial position. XRP loves to wick fish, however it will not fool me... like i said in my previous posts.. 0.21 loading
As you can see we have respected and rejected the 100% fib and is on the way back long... Looking at the 4hr time frame can play tricks on your mind in convincing you that small moves are big. The key word here is relativity... Seriously ask yourself "is the move truly as big as I think it is to change my bias? has it broken any structures on daily or weekly...
Simple fibs from weekly candle opening to top of candle high. price came down respectfully to 11c and now wont return to give traders and holders another option to accumulate 9.09 XRP on the dollar. we will be carrying on from here given global political and economic climate. price came up tested the weekly 78.6 fib and will be returning soon. 0.25c coming soon...
