Just waiting for the MA50 and MA200 to cross on the daily chart, to see a correction of 78.6%. Initial price at 01-01-2017.
I would like to warn for a very likely golden ratio 0.612 retraction.
XRP touched the MA50 and MA200 after the profit taking from the Amex news. I believe now long term investors are gonna go for it.
Instead of talking on the trollbox, it is much better to have a discussion on the comments section of a chart. MA-10 about to go below MA-50 on 15min chart. Do you expect something or it is meaningless? I expect some action now.
If it breaks 1290 I will TP at 1308
Just do yourselves a favor and buy before the weekend mega-activity. So many traders preparing their positions today for the weekend. We all know that Saturdays and Sundays are most important for Cryptos.
Just to share that so far the 7 day MA is a very significant support MA. I believe in adapting Moving Averages to each asset and base my research on the past resistances and supports to choose 2 moving averages, a fast and a slow.
Just minor corrective retracements, waiting for the path up after BCH hard fork. Anybody agree? Thank you.
Since the beginning of 2017, BTC has not had more than 7 days of gains. In more than 50% of the times in which there were 6 days of gains in a row, there were corrections of more than 5%.