Najib1997

Najib1997

It’s a mess for XRP for the past 3 days. We had seen about a 10% decrease for BTC while a massive 22% for XRP! This could even get worse with the news coming in that the SEC is planning on suing Ripple. Will this be a factor to drive the price further down? I don’t know. As the RSI just crossed the 50 mark, a sell signal is just initiated. This means that more...

Najib1997

Well, in my previous post BTC - Another BULL or PULL? we observed the chart pattern where BTC followed through a series of bull run, consolidation to a retracement period. Yesterday’s bull run however, skipped the retracement period. It went straight from consolidation to a bull run. While it may seem to break out of the cycle, actually it was not. As we can...

Najib1997

In my previous post ( BTC - Another BULL or PULL? ), we took a look at the similar cycle BTC was playing. From bull run to consolidation and then to a retracement. By the look of the current chart, BTC really did a hell of a bull run penetrating through the roof of 20,000 towards a new all-time high of about 23,800 . What was a little different is, BTC was in...

Najib1997 Updated 

What a blessed session! Gained approximately 33% on yesterday's trade. Got a chance to enter at 0.45. It went just like my previous analysis. Hope you guys bought some too. Now there's no clear indication, but a good price to enter would be at Fib retracement level and previous resistance-turned-support level. That would be around 0.55, 0.53,0.50. That's the short...

Najib1997

The current situation with BTC is interesting. It seems to be in a bullish trend with a similar cycle. As you can see, starting from Nov 20, the starts to enter the three-phase cycle. It began with a bull run to consolidation and to a retracement. Then the cycle continues up until now. To date (15/12/20), we are in the phase of consolidation. Personally, I think...

Najib1997

The bullish momentum is still not over yet . The current price movement of XRP is still in consolidation. This is because the red candles on the daily timeframe are more of indecisive candles (contains lower and upper wicks). There are no obvious initiation and continuation red candles to suggest possible reversal. Though the price may continue to dip to...