Help
How much worse can it get? :(Learning to use trading view and also a little charting.
- Strong down trend with multiple resistance levels broken.
- Not enough bull volume on the way down to reverse
- hourly chat has come green at 0.01 and 0.012 but I don't think it is strong enough
How low can we go? :(
Ideas?
Looking for advice and tips along the way as I learn..
This account broken with watchlist. New account "Wackinhut"Hey guys, this is the thebulltrader.
I have not posted in longtime due to family changes and different investing approaches.
Recently I have been trading stock options and am looking to focus more on that aspect.
However, my account thebulltrader has been glitched with
a "Stuck watchlist" and have created a new account called "Wackinhut"
If you like my recent post under Wackinhut "i'd appreciate having the ability to comment in
public forums as I need 50 reputation points for public chat rooms.
P.S been trading for like 6 years from forex, stocks, options, and commodities.
EURUSD WAIT TO PURCHASEIve used the cypher tool to see if theirs a buying opportunity for swing traders. So it looks as if the market might meet some resistance between the 1.23500 mark before a drop to 1.21500 perhaps even lower. This i think will be period of consolidation before a rally in a day or two.
I am asking for critical feedback. Not to concerned about my feelings being hurt. So have at it!!
XRP/BTC On Binance: Upcoming BreakoutCurious about what everyone thinks about this as well as my analysis...
After predicting the potential for a breakout, looking into indicators to try and get a sense for the direction as the wedge is rather a toss-up:
RSI
Showing very low on the 4hr, and Daily nearing a 50-cross... this tells me it looks like an upward break, which will bounce the daily back up (will not pull it into a downward cross).
Averages Analysis
21, 50, 100 EMA and 200 SMA analysis: Crosses have occurred, showing negative trend forming, or at least for the time being. Since it's channeling it's tough to say.
MACD
Showing potential for a cross back upwards on the 1hr, and a decent negative trend already crossed 12hrs back.
Momentum
(I use TTM Squeeze) is showing we are in a squeeze on both the 1hr and 4hr chart. Momentum looks like it may be recovering enough to push a MACD crossover on the 1hr, but on the 4hr it looks like momementum is still pushing strongly negative.