BTC CorrectionFirst all you should understand that markets and BTC
cant grow forever, its necessary needs a corrections.
Btc grew from 41k to 67k without corrections
and now it starts.
I will open short when price will retest a
resistance line ( in past support line ).
And If I will take SL, its will be okay for me,
because I use risk management and trade by my
own strategy
We have here 2 scenarios, price can make retest
and fall or BTC can fall right now without retest
of resistance line.
And I expect a correction at least to 59k in order
to clear the market from those who are waiting
for eternal growth and then continue to grow.
My global tartets for BTC is around 78-80k, so
after correction I'm vaiting impulse up .
If you have any questions, you can write it in
comments below and I will answer them.
And please dont forget to support this idea with
your like, thank you.
Corrction
XRP Don't Get Shaken Out On VolatilityXRP continues to make new highs, but that doesn't mean it cannot correct for 30-40% from higher targets ... As We are going higher be prepared for EXTREMEEE volatility that will scare a lot of retail investors.
From the technical standpoint if we break through 0.382 fib. retr. level fast enough and stay above it for few hours we could continue to go higher and touch a 0.5 level before eventually correct down. If this happens, correction could be 30-40%, even as deep as 50% is quite possible especially if 0.236 fib. level gets retested again.
So to sum up.... if 0.382 fib level wont correct the price, a 0.5 fib level will most likely do that. Whatever happens, 0.236 level is likely to get back tested at some point, maybe we deep even lower to a blue 2 year old support line, so don't be gready now especially leverage trading xrp at that price, as you could get liquidated faster than you could ever imagine. Wait for the dip and then buy it if you chose so.
I am not a financial advisor so non of this should be taken as a financial advise. Do your own research, so you know what you hold.
BITSTAMP:XRPUSD
Is it no more USD in the future ?
Hello everyone:
2020 year has been a wild ride for everyone. Certainly going down in the history book for sure.
Financially, we have seen the rise of BTC, and the fall of the USD. What can we expect moving forward into the 2021 and onwards?
BTC -
Certainly going up in time, but is it the right time to buy now or wait for larger correction ?
we broke previous tops and continue up aggressively, and as USD continue to tank, expecting the bullish continuation structures to form would be more ideal and better R:R entry.
This will no doubt continue the USD weakness as we can expect short-mid term.
USD -
Higher time frame, we can see that historically, USD has been much lower, and from 2018-2012, it was just in a large consolidation overall.
However, price eventually reverse, and we see the up move of the USD from 2014 -2017.
What we can expect is more downside in the short-mid terms, but will the USD continue all the ways to all time lows, and then continue to drop?
or
we can see some USD push back and get back to its good old days of early 2000's ?
Let me know what you expect USD to do in the upcoming year.
Thank you :)