As ETH has been very reacitve off of support around $84, long Idea taking profits at $89.16 and either pulling all capital out or closing long at $90.58.
The past time BTC price action has entered our support range it has had a very reactive green candle up to our resistance zone followed by a retrace to at least $3336. If you can pick up a short position above the $3459 line then you can open a relatively low risk short for ~4-5%.
Looks like it will descend into support area that has been very reactive. If it bounces here it will likely not make it past overhead resistance that has not been broken.
Just looking at a little EW and historic support lines(green). I think it is possible that we are about to head into W4 after a little deeper dig and then down to a pattern termination . Let's see how it plays. I don't have money on this, you shouldn't either...
Green Bar is the 2018 Swing Low for the ETH/BTC pair. You see a short idea opened with a close at .025 for about 5%
I’m new to looking at all of this but as I try to wrap my head around the various ways to do TA I am trying to look at the big picture as the biggest indicator. As such this 4 hr chart leads me to believe that unless we break out of this bearish convergence (dotted purple) then we have a very good chance of testing our ~$0.85 support in the middle of February. ...
Looking at the pattern of the bull flag on XRP and charting the full potential of the flag breakout we see that it coincides nicely with a full retrace of the January 18 swing high. We should see significant resistance around $1.39 but if we go through that then I am bullish on $1.71 for the next stop on the Ripple Train. This is of course if the flag breaks...
After a solid bounce this morning I want to update my last idea and see if we can find some hope and some opportunity along the way. Looking at this XRP 4hr we can see that we broke out of the downward convergence and pierced right through my next major support level with a bounce that appears to have the volume to hold it up. That said you can see the...