This chart provides with confluent support and resistance lines (parallel channels) that are based on multiple intersections and commonalities so these are the ones that will affect the future trend. Remember - the best levels tend to stand out from other, the less obvious ones. Therefore, these confluent diagonals can be very powerful for finding high probability...
This is a Video that displays the efficacy of the Tortuga indicator on the hourly timeframe. I will plan to post videos for 2, 3, 4, 6, and daily timeframes for this indicator. This is merely for anyone interested in purchasing a monthly subscription to this indicator or to anyone who needed more education on how this indicator works or has been working...
Left chart shows market cap of top 10 coins calculated using data from coinmarketcap.com from 28 July 2018 Percentages are share of the top 10 rankings. Right chart is market cap of same coins calculated as if they all had the same circulating supply as Bitcoin (approx 17.1 million) This makes it clear why it is absolutely pointless to compare the market cap of...
From the diagram above (Xrp/Btc chart) xrp’s all time high was at 22048 sat and all time low at 454 sat. Before getting into any Xrp trade I prefer taking an analysis of Xrp/btc pair. Using a larger time frame you are able to have a clearer insight of what is likely to happen on Xrp price against all other markets since bitcoin is the dominant cryptocurrency and...
Risk management is VERY important, especially in crypto. If you don't know how to manage your money you will likely lose a whole lot. Take ripple for example from 4/24 - 5/09. We can see it trading in a sideways channel. Channel simply refers to the area in which the price is contained. It has this sideways rectangular shape. If you don't understand support and...
My method and key metrics I check before entering a trade or even getting too technical with the chart. You know: Why would we set ourselves up for failure? I thought I'd share this with my friends, and why not make it public too. General coin info. Does the project have a whitepaper and exposed team? Is the developer still involved? Is the team...
I decided to put a little more time into my joke Drawing the "Chekov Formation" This measures each "Chekov" based on the Transition of the PSAR in time. I the collected all time periods and calculated an average. The last value is not included-because it is in play. The average "Checkov" time period shows that a downturn occurs on average of 2.25 days or 2...
Cryptocurrencies are here to stay for long. Many experts predict that the year 2018 is going to be a year that will bring excellent wealth to investors trading cryptocurrencies. Coinissimo, the cryptocurrency discussion board, and forum is here to help people identify the right cryptocurrency to invest. The forum analyses the top cryptocurrency on which people...
Quick video this evening to highlight how patterns typically repeat themselves not only within one part but many pairs. Whether in crypto, forex or even in stocks. I like the acronym KISS - Keep It Simple Stupid. While my charts may look a mess, I try to keep them very simple and clean without any indicators other than price action, a few moving average and...
The idea is purely for educational purposes and SHOULD NOT be considered as trading advice. Based on my understanding of the market cycles I have tried to summarize how the money flows into the crypto market using Bitcoin USD and Large Cap Index/ BTC price as reference. The large cap index consists of XRP, ETH, LTC, ETC, NEM, XMR - basically large caps which...
Investors are cottoning on to the fact that Ripple is jostling for a leading position in the new Internet of Money. But very few know what’s going on under the hood. While most are aware of the difference between Ripple and XRP, anything beyond that gets murky. What Is Ripple/XRP? On the surface, this is simple. XRP is a digital, decentralised, alternative...
*The principle to cryptostocks investment is buying in dips . *Do not spend all your investment on a single purchase of a single asset Ripple will still shock everyone with its great movement very soon. Follow your instinct and do not be greedy. * Don't invest out of a Get Rich Quick Mentality. Stock growth grows with process, just as a baby is born after 9...