Novice trader speculation. Use at your own risk. After some research, I discovered a useful combination of moving averages. I will leave the research to the traders, as it should be, but we may be looking at a bullish head and shoulders trading pattern forming on the 2D. As always, eyes on BTC for movement. LOGIC: -XRP and MoneyGram -Under-rated and...
NOVICE SPECULATION: Well, BTC is migrating to the lower end of 8! Where will we go! On this chart, you can see multiple opportunities for high volume trading, or entries for a long term short. As this month closes, we may see a retrace to 9, but my personal opinion is we are going to continue to drop to 8.3 to <7. As always, it is hard to analyze where we go...
I wonder where oh where BTC will go? 8.3? 8.6? 1m? Well, right now, we saw a greater drop than I had previously anticipated, but the momentum is dying down it seems as we approach our historic 0.22 zone. Watch bitcoin heavily to spot a new long opportunity in XRP, if you're a believer. MoneyGram and Ripple are talking...have been for some time I believe...
AMATEUR TRADER, TRADE AT YOUR OWN RISK. We firmly tested resistance and had our fun at the top. Eyes on BTC for further momentum, though, one thinks XRP shall stay in a trading range between 0.22-0.26...for now! LOGIC BEHIND SHORT : 1. Rejection of higher price action. 2. Alts go where BTC goes, typically (for now hehe). 3. XRP top token slated for bank...
Bitcoin is acting up as usual. After the $100,000,000 liquidation hunt that occurred yesterday, I think we may be looking for an interesting weekly closing candle. That in mind, in this chart, the orange dotted line is where we should aim to break and hold. That represents the weakest resistance. Should we break that and the following red dotted line, I...
A closer look at the 4hr timeframe and the 3hr timeframes show potential strong support for the simple, round, 30 cent ripple, provided bitcoin stays where it is currently at.
I added a few fib trends to my previous idea, and have decided that there are definitive correlations on multiple time frames.
If bitcoin remains bellow 10k, might we expect a drop on the end of the month? Or a high!
Following my previous idea.
Amateur Speculation Here I decided to apply a little more time analyzing this chart. XRP is leading the pack in my opinion, and I am hoping for bank adoption. Possible Targets : .38 Let's see if BTC behaves itself for another month.
Note the leading candles on the 4 and 6 hour time frames. Can we see a drop to 0.25...today?
On the 4hr, looks like a bullish 4 bar play! Short opportunities will present themselves as we migrate to the 0.25 range and back up to 0.30. This should be a wide trading range, but with bitcoin going down, the 0.30 ceiling may not happen after all! Midweek, would like to see bitcoin find support at 10k again, but I'm doubtful. Happy Trading.
Stock up on gas, while it is cheap! Will we bounce back from the 50% fib? We are a month behind the historic price action crude has taken in the past, perhaps due to TSLA causing ripples in the public eye. Time will tell, keep an eye on gas prices.
As mentioned in an earlier idea, the 0.30-0.31 ceiling could be realized. The psychology behind a round and simple 30 cents, makes sense *geddit*. Though I am unsure, it could yield a safe trading range up to and until BTC decides where it will go. Just do not get impaled by a macro trend!
Amateur trader speculation! Let's see a push to 11k on the week!
It would appear to be trending down, out of sync with the trajectory of bitcoin and currently disagrees with the general, alt-coin season sentiment. Personally, it has been a long time coming for ETH to find its way to the lower end of the top 10. The first wave down may indeed trend with current price action of Bitcoin, however, short opportunities may be...
On the daily it seems we have broken through heavy (I think that's heavy resistance, amateur trader here) and are moving to a possible floor of 31, or perhaps, 30.
Perhaps a ceiling will be 0.30-0.31 pre-halving. I would like to see a healthy retracement.