XRP update!Update!
Going back to my previous report I would just like to say THANK YOU FOR THE LOVE!
We can see that XRP is moving in the direction of which we predicted and if I may say we have might quite the accurate prediction.
In my "non pro" opinion, I believe we are simply creating structures to sustain the 0.60USD level. I believe this is to be due to the fact that we have not seen these levels CONSISTENTLY building bullish structures since before the SEC lawsuit.
I believe in order to get passed the 0.75USD level we need to consistently build bullish structures from the 0.40-50USD levels to introduce the breakout passed 0.75USD.
The big outburst are not going to last, any experienced trader understands this. We are currently at a level where XRP is being used as speculative subject because the financial institutions are aware of the ability this can provide to retailer investors and BANKS are always looking to have the advantage over retail investors.
With that being said, I would come to assume that regulatory clarity will side with financial institutions as they make the government more capital than the average retail investor and let us not forget to close ties between central banks to governments and banks to central banks. They are all connected.
With the focus being placed on XRP being used as a payment system to potentially replace the SWIFT system, one must ask themselves if retail investors will be able to buy XRP and other cryptos from banks as well.
The main point of this report is to provide my perspective on the fact that I believe the financial institutions are waiting for clarity in the US to integrate XRP in their system. Many people are speaking about Bitcoin not being regulated and that being a problem for the Crypto industry as a whole.
My answer to that is that Financial institutions are buying up assets like BTC AND ETH because once regulated they will have the upper hand as to who is protected under these new "crypto laws" that will be established. These assets will be mainly used for BUSINESS to BUSINESS transactions and XRP will be the one allow these financial institutions and businesses to connect with the average retail investor/average person. At this point it would make sense to see XRP hit 10 or even much higher.
Refer back to crash of 2008, people sold their homes and banks bought them up. Years later those same banks profited and now dictate the outcome of your financial decisions. I am not saying we retail investors will not have the ability to keep our XRP, however, I do believe it will come down to a day where the average retail investor is not able to buy even 1 XRP due the price being too high for them.
In my opinion, the system behind XRP is the reason why I am personally invested. The innovation that comes with XRP simply cannot be ignored and the thing this is just the beginning of understanding what XRP can do!
I do believe the GOV will provide clarity on XRP and other crypto currencies primarily to central banks, banks and businesses and finally the average person. In order to be well POSITIONED, and this is not Financial advice, I would buy and hold as much XRP as I can while I still can.
Thank you for reading this I did promise a more detailed report if y'all showed more love and you did!
Let's get some more love up in here and I wanted to ask you all, should I start making Youtube Vids? LET ME KNOW!!!!!
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#ANKR : In A Perfect SetUp For A 100% ProfitsAccumulation Area : 40 sats - 46 sats
Distribution Area :
Target 1 : 54 sats
Target 2 : 61 sats
Target 3 : 72 sats
Target 4 : 86 sats
Stop Loss : Close below 37 sats.
Trade Types :
Short Term - Upto 2nd Target
Mid / Long Term - Above 300% Profits
#HODL - To the moon.
With Regards.
TogetherWeAccumulate
TeamTWA
AAL Retracement into Long?AAL broke out nicely from the previous resistance (now support) level on a long bullish run. Price has retraced and formed a descending triangle.
Lots of confluence to support a long here. With a TP a the previous high, just pre-gap. My entry at this stage would give me a 72% gain at a Risk to Reward of 7 to 1.
A trade with this R:R ratio means that you could have 6 losing trades in a row, and still make money. These are the kinds of quality trades you should be taking.
I'll be posting more trade ideas week on week. Follow me for more.
CAD/JPY Possible bullish continuation. As I look at CAD/JPY I'm noticing higher highs and higher lows on the 4hr chart.
I drew a bullish channel and I'm anticipating for more upward movement to the 81.500 and 82.000 level.
If it breaks below the channel and below the support level 80.500 I'll be looking for a possible reversal.
XRP SETUP - RETEST OF 0.56-60 REGION! STRONG HANDS PREVAIL.WELL DONE TO ANYONE THAT DIDN'T PANIC SELL DURING THE SEC FUD, PERSONALLY I THINK THEIR CASE IS MERITLESS BUT WE MAY NOT HAVE SEEN THE BOTTOM DUE TO THE BALL-LESS ( lol )
BREAK OF THE HODL SELL REGION CONFIRMS A POTENTIAL MOVE PAST A DOLLAR.
I WILL PERSONALLY BE SELLING A SMALL PORTION AT 0.56 IN HOPES OF BUYING AT 0.07 IF WE DO SEE XRP GET THAT LOW. YOU'L SAY ITS IMPOSSIBLE....
How “SIMPLE” it is to Trade for a LivingWe just reached +1K followers here so This article/post is a thank you for each and every one of you.
Short answer: not easy but doable if done the proper way (my story at the end)
Long answer: trading for a living is a fantasy every trader has. however, to be accomplished it requires a strong mindset, a proven record with an objective well-defined trading plan, a trading journal to learn from your mistakes and keep improving, financial stability, consistency…
Forget about these gurus taking pictures driving a Ferrari and partying all year, traveling the world, and trading on the beach. (these so-called gurus use it as a marketing plan to attract people on their pages)
Before I tell how you can trade for a living, let us consider these two aspects:
Psychological Aspect: you shouldn’t depend on your forex account as your main income (to pay your monthly bills) as you will get emotional, make irrational mistakes, and you will end up not following your trading plan objectively. consequently, you will be afraid that you won’t profit this week/month, thus won’t be able to pay your bills.
Technical Aspect: you shouldn’t withdraw from your account frequently (every month/year for example). Let’s say your account is 10 000$ and you managed to make a 100% growth by end of the year. so your account is now 20 000$.
Because you need to pay bills, you will have to withdraw the profits, so you are left with 10 000$ once again. To make another 100% next year to pay your bills again. so you are not getting any further and still stuck in the rat race.
The right way is to keep your profits for your account to grow exponentially. For example, if you have 10 000$ and you make a 100% return this year, your account is now 20 000$, you keep the profits, and your 1% per trade is now 200$ instead of 100$, by end of the second year you also make 100%, now you have 40 000$ and so on…
As per the above two aspects, you shouldn’t withdraw from your account frequently ☝️
how to treat forex then? and how to be able to trade for a living? 👇
You have two options:
1- Have another source of income: like a job or a business that you depend on to pay your monthly bills. This way you won’t get emotional in trading and you won’t withdraw from your account for it to grow exponentially
2- Savings / my story: I quit my job on July 5th, 2018 to trade for a living. My plan was to save an amount of money, enough for me to live the same lifestyle I am used to for 2 years from now, without the need to withdraw from my account.
For example, if my usual monthly expenses are 1000$, then I need to save 24 000$ before I quit my job. this way, I can survive for two years without withdrawing from my account or depending on it.
In conclusion, trading as a career is doable but it requires a lot of dedication and planning in order for it to be successful. The most important aspect you need to focus on is being emotionally stable at all times in order to follow your trading plan in an objective manner.
All strategies are good; if managed properly!
~Rich
UJ breakout. finally done dropping!?!Here on the 4hr timeframe / daily we can see uj made a clear breakthrough to retest previous high points.
Will be watching to see to when a pull down finishes to find a long entry if these candles do not got below the previous 4hr breakthrough zone.
UJ has been dropping like crazy lately but its uptrend candles can be HUGE if your timing is on point!
Safe trading peers, Pips for everyone
( first time using this indicator, it may not be lined up perfect but it still gives me the right idea/direction nonetheless )
Nasdaq ScenarioNasdaq Scenario For Today
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NAS pushed up almost to 12452 Mark, but it rejected since it is a major S/R zone.
Right now i think that we can either expext a correction to the downside or a push upwards depending on
if the reject this currenct zone or not.
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Trade safe, we in this for the long term.
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Let me know your thoughts and questions, don't be greedy dawg and give me a like and follow for
bigmoney profits.
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ScenarioPainter
Nasdaq ScenarioNasdaq Scenario For Today
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Yesterday NAS went all the way up to ~11980 Mark and right now looks like it is pushing to ~12209 Mark.
Note that ~12209 is a major resistance zone, last time NAS was at that point we spiraled down.
Right now i expect NAS to get a correction (see ABC) and even go as further as correction into a
downwards channel. The other possibilty is that NAS will go further up, but it is too bullish for me and i
expect that correction.
Another possibility is that when the election results are in NAS will be moving mad, since i expect big
banks from Europe and Asia to have either major buys or sells.
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We have to keep in mind that market is really volatile right now and it might be better to wait until the
election results are in.
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Trade safe, whoopty
Past performance is not an indicator of future results
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Let me know your thoughts and questions, don't be greedy dawg and give me a like and follow for
bigmoney profits.
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ScenarioPainter
Gold ScenarioGold Scenario
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Be cautious when taking this trade, tommorrow is NFP. Might be better to sit it out.
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We have to keep in mind that market is really volatile and stoploss hunts are frequent.
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Trade safe, whoopty
Past performance is not an indicator of future results
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Let me know your thoughts and questions, don't be greedy dawg and give me a like and follow for
bigmoney profits.
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ScenarioPainter
EURCAD ScenarioEURCAD Scenario
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Wacht out for SL hunts, market can be volatile
Trade safe, whoopty.
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Past performance is not an indicator of future results
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Let me know your thoughts and questions, don't be greedy dawg give me a like and follow.
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ScenarioPainter