This idea is only outlining RSI at or below the 23 point level. Based on history a touch at or below this level was followed by, on average, 143% move in 48 days. That is an average from the 3 other times since 2016 this level has been touched or broken on the daily RSI. Let's revisit this idea in a month or so and see how it played out. DISCLAIMER- Not financial...
This is what I'm seeing. Just completed C leg in corrective wave. If my wave count is correct, I expect to see the dollar rapidly breakdown to a lower low in the coming weeks. What I find interesting is that multiple indices seem to be completing wave 4 at the same time and are ready to begin the 5th and final impulsive wave to the upside. Including the crypto...
What I see on this monthly chart is a breakout of long term rejection with a two candle back test of the breakout and the third candle confirming support of the back test. My outlook is extremely bullish. Bonus points of you can name the candle that just closed. Hint: if it don't fit, get a bigger _ _ _ _ _ _😉
The question is, are you a sheep or a wolf? DYOR and let logic and reason be your guide. Not hype or fear.
I do not normally rely on a 15 min chart for TA. I'm a firm believer in time in the market, not timing the market. But, there are some good indicators that are suggesting a strong move towards those higher, longer term targets in the very near future. Chart is pretty clearly explained. Feel free to comment or ask questions. Haters are always welcome. I love haters.
Just got a golden cross on the weekly for the first time in over 1400 days. THAT IS BULLISH. To all the XRP haters out there, put that in your pipe and smoke it. To all those that HODL on through all the FUD and naysayers and LOOONG sideways price action, this is our time. Near to mid term should be extremely rewarding. New ATH inbound.
Golden cross on the 200/50 MA on weekly time frame. RSI bounced off support and trending toward upper resistance trendline. I don't care what FUD or bad news could drop right now, I will not sell under any circumstances and any dips below a dollar will be bought to add to my long term bag. Plenty of room to the upside. Must have patience to make the big ROI, this...
Here I've measured the bull cycles on a macro timeframe. Bull cycles are seen to the right of the measured columns. Not financial advice, just my interpretation of the market cycles. Open to feedback.