Fishnet
LONG BITCONE TP 6800/7900/MEWNResistance needed to be broken: 6300s range
A daily close above 6300 would indicate we're not going to fall to mid 5000s this week. A daily close above 6400 means 6800 automatically, believe that.
Hedge short above 6300 or 6400.
Counterparty RiskyLime green box is buying on tested support.
July 2018 newsletter:
counterparty.io
Newly released block explorer:
xcpfox.com
This shit is over four years old!!!
XBTUSD - Possible huge bounce or a freefallPivots (HLC) - Fibonacci Daily
Fishnet HullMA
(BXBT * P. Index) / 3 VWAP (A WIP for the funding calculator, can also be used as sentiment et. al)
This is a "buy the dip" scenario for me because it is within range.
Although a bear flag has formed, it may be invalidated if it holds.
Very bearish signs of a drop due to the Fishnet MAs converging together. However, this is not the case on higher timeframes.
BTCUSD - Mewn. Next stop: Jupiter's MewnUnfortunately a lot of what I've posted recently is on Twitter, most of my bullish reasoning is there.
I believe we will hit the Schiff Pitchfork median from here. Consolidation above the previous month's high and above the Fibonacci R1 pivot is extremely bullish. Fishnet trending upward. That said, my main take profit is at $10,400 and I also have short entries there as well. However, I will long still and continue building a short position to hedge up to $11,000.
Area of interest to short:
$10,500 - Area before high volume VPVR node + monthly R2 Fib. pivot + Schiff pitchfork median
Not $11,700 - VPVR gap + stop run on those shorting the "top"
$XRP/BTC - Why it's hard for coins like XRP to reach ATH againThe characteristics of a coin like XRP:
Was insanely cheap
Huge volume accumulation due to its low valuation
Sudden insane increase in price valuation, with little reason for it (no working product, only promises)
Bagholders created by buying much higher than its intrinsic value
Overvaluation
Consistently failing to have strong break outs after peak (except the one from the falling wedge), XRP is on a slow decline. It is possible that it will go even lower, despite what their Twitter may make one feel.
$XRP is a unique coin compared to other coins like it: their core philosophy is to keep a stable price by dumping their own coins into the circulating supply to keep it stable. There is suspicions that their team dumps their own coins around conferences where the price should be going up.
Even when $XRP partnered with a Japanese financial institution to be exclusively its only cryptocurrency, price saw a minor increase before dump.
ripple.com
Those who have bought it before mid-December 2017 are still doing fine, but considering the resistance it has trying to go up, I would look elsewhere for more likely profit.
FishNet SMASimple moving averages 1-200 create this FishNet pattern. Together all the moving averages create support and resist levels. Works well on multiple timeframes.
