dubie

dubie

Though we did have a break out of the downtrend channel, I would like to see XRP Ripple get outside the potential sideways range. I am still on the sidelines until I see a decisive break above that sideways potential action... slow grind ahead it seems. I doubt it will re-enter the downtrend channel as pictured but needs to remain above the long term support...

dubie Updated 

Expect more down side bias as a key support level just broke. Bitcoin is also struggling to hold its gains so expect some weakness. We still have the primary long term XRP uptrend line that needs to hold or it's all bets are off...

dubie

Found a handy dandy arc tool. Seems to be respecting the arc as resistance for now in the pattern... Curious to see how this goes. ETH is also getting a lot of love right now so...

dubie

Yesterday I identified a possible downtrend channel and except for a brief oversold condition, price action has moved back inside the channel so for now there are some boundaries for trading until this trend changes.

dubie Updated 

Am I the only one seeing this? I would like feedback. Based on the resistance above and the weak advancing price action I could not help but see this potential channel forming.

dubie

Definitely seeing some up side weakness. Up trend channel struggle struggles to hold with a lot of resistance above. The only thing I like about this chart is I can buy more coin at a lower price. If this up channel fails to hold I really need to see the long term uptrend channel hold or it will likely be sub $2000. in my opinion. The huge correction last week is...

dubie

So this is an update bitcoin chart from last night. Bitcoin is still holding but we see a short term down trend forming. Let's see if it holds the up channel. There is no doubt a lot of resistance up above yet. Traders who took the US holiday off should be awake today? Not a lot of price action from Asia last night while I was sleeping which leads me to believe...

dubie

I'm not feeling super confident on this one or else all eyes are just lying in wait for this trend to make up it's mind. I think people are still watching bitcoin overall for direction too. I'll keep the faith on Ripple but charts don't lie. There may be a better buying opportunity yet to come... Just my gut plus chart action.

dubie

Just another angle of what I am seeing. I see another up channel and each time price action pokes it's head out it gets chopped. This is my last chart for the night will see how it plays out in the morning. Happy hunting... uptrend has it's work cutout for it... so it would seem.

dubie

There is a lot of air below that broken secondary uptrend and price action has re-entered a previous down channel... It will either be a buying opportunity or a more serious breakdown of the long term primary up trend line. Caution is warranted. Just my feeling...

dubie Updated 

Just charting out loud... My ideas for near term and what I am watching for new buying opportunities.

dubie

The near term crypto market bias has been down the last few days since Bitcoin melted down shocking the entire crypto space. As much as I want to believe Ripple has the potential for some intense buying because everyone thinks this is the bottom, keep in mind it might shoot up to the moon because of that pressure and then fall right back to primary support line...

dubie

This major correction last week was a VERY big deal in the short term but all things considered, until that primary green uptrend is breached in a meaningful way, it changes nothing long term. I like buys on the primary green line until the market tells me it's a bad idea. Expect plenty of short term volatility but keep your eyes on the bigger trends. :)

dubie Updated 

This could be a big tell... Up down or sideways? Expect volatility either way...

dubie Updated 

Chart speaks for itself... where will it go? Let's see if it will keep this uptrend and break that primary downtrend...