Selling
And here's the sell offWhatever you do, dont sell Ripple you bought at a price higher than any fee's and ask/bid spread, if it's too late just hold on, and if you did it right you still have untouched money. Wait it out and try not to sell, it will come back.
Most sell off's like this induce fear. Fear generates BAD decisions. Bitcoin is doing terrible. Large investment in XRP has multiple upon multiple profit possibilities.
And if you buy it, and have access to useage , use cases, try to support them. In the meantime wait until everyone who freaks out sells and then buy. Big money has been doing to us forever. The signals point down.It will pass.
keep money in reserve.
Fortis Fortuna Adiuvat.
Caveat emptor
**I am in no way a professional and posses no license to advise or offer advice, financial services etc. I have studied , can see the b.s. for what it is. I believe in this project, but the community will ultimately decide whether or not they want to replace Bitcoin F.O.M.O. with Ripple proceeds.
AUD/JPY Short Sell continue... SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
AUD/JPY Short Sell continue...
Chart Time frame - 4 Hourly
Timeframe - 1-2 weeks
Actions on -
A – Activating Event
Entered short position on the 8th Nov. Below you will see trade management details
B – Beliefs
Continuing on with trade however moving stop loss closer
FX:AUDJPY
Trade Management
Entered @ 82.93
Stop Loss @ 83.3 (stop loss change to 82.600)
Target 1 81.500
Target 2 78.800
Happy trading
ZRX market structure tradingZRX looks bearish for the time being. Ever since its taken out 13401 satoshis (market structure shift level), its proceeded to make lower lows and lower highs indicated by the red boxes. Simple market structure trading. It had a nice little bounce at the demand zone around 9791 satoshis, but couldn't breach the resistance level preceding it. Take short trades on this with caution. If it doesn't bounce at current price levels, and cannot breach above 9791 satoshis should see accelerated selling once again towards the red line which is where i'll be taking profits. You can ultimately take profits inside the green zone, but I will be playing it safe and taking profits at the red line which is where an old high of a volume spike (buying pressure) is located.
TLDR: Neutral until price dips below the pink box, will then short until prices reaches the red line located at the top of the green box labeled "target zone".
USDJPY Short | Easy Setup If Support Is BrokenThis one is going to be quick if it goes!
Strong support here on the M15 time chart. This is a classic strike setup and we like it short here if this support line is broken. Our pulse system is bearish so all we do now is wait for final support break confirmation.
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UPDATE BUBBLE IMPLODINGIt makes already 4 months that bubble is imploding and we are now approaching an important zone for the trend of BTC in next months.
This graph isn't a logaritchmic one but it doens't change anything. The first important thing to develop is that BTC is near the important zone that will determinate if it's going down or up. We just knew a bounce on the support and we can expect that it will touch the resistance (yellow).
It's also nice to see that the golden death cross (SMA 50 crossing SMA 200) didn't occure and moreover a divergence between the two courbes slowly appears.
If BTC breaks the resistance, it will give us a buying chance. If it brokes the resistance, we can expect more down.
This idea is valid for almost all the "big" cryptos. In fact, all are following more or less the same way.
RIPPLE Selling SetupThere is a potential selling opportunity here. The price going down last few hours, but if it goes up at resistance level (0.7051), this will create a selling setup. The price respected that level many times and it will more likely, it will do again. The new selling orders will be placed at that resistance level, that push the price down.