caribesailor

caribesailor

Looks like we are getting close to a Wycoff Method Automatic Rally. Look back and find an area that is similar vs the current price action and determine for yourself what action if any should be taken. FYI the automatic rally should it occur will take BTC up over 300%.

caribesailor Updated 

Here is a chart on the 1 hour that shows a regressive trend that can be played.

caribesailor

Note the B. Bands tightening which usually means a move is coming soo. Be aware that XRP will follow the markets and DXY so plan accordingly. All notes/comments are for myself as reminders and not trading advice.

caribesailor

Here is a chart for Luna and it show a pennant and also the 50% and 75% markers that could be bounce points. Red is maybe a dead cat bounce and green price flag is a higher probability bounce. Made this early this morning before the breakout to the down side but had to tend to our cattle so missed the shorting opportunity. As always you make the final decision to...

caribesailor

A trend Chart to help everyone have a better understanding of what is going on with XRP.

caribesailor Updated 

Chart of a the main down trend regressive channel and a counter trend regressive channel so we can more clearly understand the price action. There are other lines and indicators on the chart suck as Fib Lines etc.

caribesailor

Looks like the whole market including Shiba is going lower. Make note of how the price runs (up or down) whenever the Bollinger Bands converge. The direction is often shown just prior to the run by the current bar touching the one band after the convergence.

caribesailor

Looks like price wants to go lower and if it does break thru the current Fib Channel the price could be heading to the lower part of the bottom channel around .000035! BTC may be putting in a bottom so expect a Shiba bottom to follow soon.

caribesailor

Price is now tracking along the Yellow Fib Circle. Question is will price continue to track along the Yellow Fib Circle or switch to the Purple Fib Circle which has an upward bias for price. We should have a better idea on the direction of price movement based on which fib circle price decides to follow.

caribesailor

Here is my 6 hour chart showing the Fib Channels that can be used for trading. All the Bes!!

caribesailor

Show 15 min Shiba with Bollinger Bands and show as BB constrict you can expect movement to occur and should cover at least 1 Fib Channel.

caribesailor

Looks like the purple Fib Circle is support let's see if it holds. Expect the price to move up the circle till it reaches the top of the green channel (green lie) and then it will fall through or break out.

caribesailor

Update on possible chart. Have a look see and let me now your thoughts.

caribesailor

Two channels (Regressive) shown, which way will Shiba pick?

caribesailor

This Daily Theta Chart looks like an excellent example of the Wall Street Cheat Sheet. Note if the Stock Market or Crypto News or National News occurs that is significant then the chart will be impacted.