After printing it's highest high since September 18, the price quickly corrected. (Not, as some are saying crashed, just corrected!) Until the lowest low has been broken, XRP is still very much in an uptrend. The price has printed a number of lower lows and lower highs since the Automatic Rally, but it has not broken below the lowest low. It looks like the price...
After printing it's highest high since September 18, the price quickly corrected. (Not, as some are saying crashed, just corrected!) Until the lowest low has been broken, XRP is still very much in an uptrend. The price has printed a number of lower lows and lower highs since the Automatic Rally, but it has not broken below the lowest low. It looks like the price...
Trade the cup and handle breakout, depth of cup to neckline, + 100% Keep It Simple Stupid
Once again we find XRP at the crossroads. The .368 fib from the bearish fork has been exerting it's influence on price action since late April The Price has now breached the influence of the neutral fork and we have also broken through the strong support at .1777, this has now become resistance. We find ourselves dangling above the abyss, with no bullish...
XRP now completing this Bullish ascending triangle . Classic TA tells us the target is the depth of the triangle, projected from the hypotenuse ;-) or top of triangle, at around .839 The resistance is formed by the three large order blocks to the left, the price has attempted, then failed to break this resistance, but now at the end of the triangle, there is...
The old ones are sometimes the best ones. Classic descending wedge, and target, simples. If only I saw this a long time before now!! Life is a learning game
Having experienced a "spring" and a further retest, GU is now behaving differently "CHoC" ,change of character, which is making entry difficult. Once past a LPS , last point of supply, it will not return there, so I will be adjusting the entry of my first trade to coincide with the AR line (automatic response or rally), this is often an important zone so we can...
Just noticed this pattern could be forming. Although it was trading at overbought levels after yesterday's rally, bulls seem reluctant to let the price fall, perhaps a move through to .30 levels will complete this accumulation pattern. A Fair Value Gap exists at .29982, and also at .2155
Lots of effort but little reward (or "result") recently. Wyckoff says if the effort is great but with little result, the trend is coming to the end. Now volume is beginning to fall of as traders lose confidence. Perhaps we will see a bullish move to the trendline, followed by a reversal of the bullish trend, the first target being the .382fib, followed by the .5
Ambiguous in the short term but the result is the same, the CO has almost completed his campaign! Now, He has the money, and retail have the stock. ;-)
Ambiguous in the short term but the result is the same, the CO has almost completed his campaign! Now, He has the money, and retail have the stock. ;-)
Classical TA, a Descending Broadening Wedge. A is the measured move, from the bottom of the wedge, to the highest entry into it, and from the height of the breakout to the target. These are crazy days, a second wave of Covid just announced in Germany, trade carefully, DYOR
When the forks cross there is always a spike in volatility
My Wyckoffian study into Cad Chf. We have already seen the spring and the break above the SC line, confirmed by the spike in volume. Price looks to be re-testing that level now at 0.6898. I intend to keep my stop in place this time, instead of losing out by trying to book profit and missing out on pips and spread fees. If the pattern completes as planned there...
Already broke above the AR line and well into phase D, I'm now looking for an entry at retracement to the AR at 66.15 to take me to 70 and 73.3.
Entered phase c with spring confirmed by volume spike. Keep an eye on this will break out once it has retested either the green or black line from the secondary test
BTC has broken above the trendline, if it can hold above.... Ambitious, yes, but this is a weekly chart, probably won't happen this weekend! LOL I would like to hear your comments