$XRP NOT The New Standard - Day Trader Explains
Hello Lads and Ladies,
Welcome back to a rather shorter version of TJs TA session since this one is really obvious.
We are looking at XRPZ18 this time. We have seen a lot of things happening after the Bitcoin drop. Ripple has taken the second place from Ethereum from the market-capitalisation. This is once again the so called "S * * T C O I N Flippening". This Flipping is quite positive news for everyone holding ripple letting them to believe that it is more worth right now, which is followed by a senseless buying.
The first, most important and bearish indicator I see right now is a bearish divergence on really almost every single timeframe that you can look at between 1h and 1D.
This means that the recent Chart-HIgh does not mach with the RSI-High. So the recent Chart-High is higher than the previous one but the recent RSI-High is lower than the previous one.
As much as Ripple might be pushing and causing you to FOMO into it, Take a look at our FOMO trend indicator. It is a no-trade zone and indicating that we are supposed to not open any new LONGS. I myself am shorting from 9300. I would suggest following the market structure and looking for a close below the trend line, as well as the close below and break of the red line.
Should we break it, we will be pretty good to go to sleep calmly and short with 10x leverage.
The plan here is to stagger up and then move the leverage from 5x to 10x whenever it is "safe" so you can use the margin for other trades.
I would stagger up to 9385 and have the TPs towards and at the indicated lines.
Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
This is as always a delayed post, if you are interested in first hand news, feel free to join our group,
Cheers, TJ
Welcome back to a rather shorter version of TJs TA session since this one is really obvious.
We are looking at XRPZ18 this time. We have seen a lot of things happening after the Bitcoin drop. Ripple has taken the second place from Ethereum from the market-capitalisation. This is once again the so called "S * * T C O I N Flippening". This Flipping is quite positive news for everyone holding ripple letting them to believe that it is more worth right now, which is followed by a senseless buying.
The first, most important and bearish indicator I see right now is a bearish divergence on really almost every single timeframe that you can look at between 1h and 1D.
This means that the recent Chart-HIgh does not mach with the RSI-High. So the recent Chart-High is higher than the previous one but the recent RSI-High is lower than the previous one.
As much as Ripple might be pushing and causing you to FOMO into it, Take a look at our FOMO trend indicator. It is a no-trade zone and indicating that we are supposed to not open any new LONGS. I myself am shorting from 9300. I would suggest following the market structure and looking for a close below the trend line, as well as the close below and break of the red line.
Should we break it, we will be pretty good to go to sleep calmly and short with 10x leverage.
The plan here is to stagger up and then move the leverage from 5x to 10x whenever it is "safe" so you can use the margin for other trades.
I would stagger up to 9385 and have the TPs towards and at the indicated lines.
Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
This is as always a delayed post, if you are interested in first hand news, feel free to join our group,
Cheers, TJ
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