Ripple Bear Break -10% Profits!
Updated
Hello my dear Ripple (XRP) traders, hope you're doing well!
In the latest idea, Ripple had broken the lows at 51 cents, and I was showing to you, how the pattern can repeat itself with 47 cents: It is exactly what we got, and I personally made beautiful more than 10% gains up until here already.
Right now we're hugely oversold and still cooling of RSI on almost all of the alts. Should we get continuation from the descending triangle on the 15min, next big support is at 37,4 from the previous highs of the downtrend. In order to change the trend, the bulls have to break 43 cents. => Keep in mind the correlation to grandpa Bitcoin: All eyes are on the important 6.100-5.800 support of BTC: The break here will determine cryptos future for the coming months.
Have fun watching! ;)
If you're not seeing stuff like this, if you didn't make those 10% profits, but instead lost on this break, make sure to follow me! If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my video to other people then. I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
In the latest idea, Ripple had broken the lows at 51 cents, and I was showing to you, how the pattern can repeat itself with 47 cents: It is exactly what we got, and I personally made beautiful more than 10% gains up until here already.
Right now we're hugely oversold and still cooling of RSI on almost all of the alts. Should we get continuation from the descending triangle on the 15min, next big support is at 37,4 from the previous highs of the downtrend. In order to change the trend, the bulls have to break 43 cents. => Keep in mind the correlation to grandpa Bitcoin: All eyes are on the important 6.100-5.800 support of BTC: The break here will determine cryptos future for the coming months.
Have fun watching! ;)
If you're not seeing stuff like this, if you didn't make those 10% profits, but instead lost on this break, make sure to follow me! If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my video to other people then. I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Note
Beautiful follow-through on the 15min descending triangle: Target of 37 Dollars reached -congrats to all the bears who played this. Now gonna wait & see, if the bulls can break lower highs on the hourly, esp. with Bitcoin.Note
*37 CentsNote
Nice break of hourly higher lows at 0,415 by the bulls; now we're right retesting this region.Should we continue higher, (hopefully BTC also breaks the higher lows), we would have 47 as important resistance coming up, just as it was important support before.
In order to change the trend, we have to make 4H higher lows & higher highs. Latest lower highs on the daily coming in at 50 cents: before we break that, any attempt is just another lower high on the daily.
Note
*hourly lower highs at 0,415 (sry guys, I can't edit for typos, always have to post again when mistakes happen)Note
In case it's not clear: The bulls have to prove, the bears are very comfortable on the daily. Esp. all eyes are on Bitcoin: if BTC stays at the bottom zone, Ripple ain't goin' anywhere.This is very important guys as someone just asked in the comments section (and I will mention it in my upcoming videos): Never misunderstand my analysis of the chart anatomy (of price levels/resistances and supports) for buying or selling signals. => I will always explicitly tell you what I'm looking at for potential plays/or what I already played. I will never give you entry/exit signals here: If you wanna become a trader, you have to learn trading yourself, not from other people. How would it be, if we get into a car, you wanna drive, but I would pull all the triggers? => Signals are for people, who don't wanna learn how to trade.
=> What I'm gonna give you though 100% is: How to read the chart. I'm working on educational material right now, and also will offer 24/7 chatting in future. So we can always exchange ideas and have more eyes to see what is going on. That is awesome: 100 eyes definitely see more than 2. But it will be a confirmation of your plays, it will be an exchange among well educated traders. *NOT buy or sell signals.*
Note
Nice bull flag potential on the Hourly & 4H. But grandpa BTC has to play along, no bull flag there.Note
Attention: The BTC premium on Bitfinex/Tether is now almost 170 Dollars, on ETH almost 5 Dollars. I have personally decreased my Bitfinex holdings significantly and will only trade using margin, until the situation gets resolved. You can move your funds still easily out with ETH e.g., in almost 10 minutes. Do not try to move your fiat out, or it might get stuck.
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