Nice inverse H&S forming on the weekly, I do fear we have to back test the neck line at around 48k to complete the right shoulder before we can motor on to new all time highs and complete the bull cycle. Plan is to long BTC from 48k all the way up to 123k.....ENJOY!
Simple idea of a beautiful 5 wave impulse up to finish this bull run. Most certainly a retracement back down to the 21 EMA (maybe a little deeper, but not lower than 0.00004800......sideways action for a while then complete the wave 5 impulse up to the 1.618 fib retracement all time high of 0.00014159. I plan to trade long the 5th wave impulse as longing this now...
While everyone got their face melted by SHIB i am looking at a beautiful long opportunity with DOGE. Classic 'W' reversal pattern forming on the weekly which looks like it will retrace to the 1.618 fib extension at around 1.13. DOGE is respecting fibonacci mathematics with uncanny accuracy.....it's only a matter of time folks. We remain above the 34 EMA and all...
Could be a retest of the 1$ mark or the 2$ mark, simple as that. Given the current market conditions i think the range we have trading inside is quite bullish for XRP - I am quite bearish on BTC so that might drag us back down when it starts it's retracement back to 40k. There is also a possibility there will be a decent amount of outflow from BTCs selloff which...
Expect AUDUSD to continue to the downside after keeping the descending channel formed, also a nice rejection from the 0.236 fib level. Target TP is .7676
Hope you all had a good weekend. Recently, the USDOLLAR has been getting hammered recently skewing all i's currency pairings and in my humble opinion defying what would be normal good entry and exit points from a day trading perspective. Well, I think it might be about to have a change of direction, making me reenter the market with some reversal trades this week...
Shorting from top of bullish regression channel to the 0.7440 level.
Hope you all had a good weekend. Recently, the USDOLLAR has been getting hammered recently skewing all i's currency pairings and in my humble opinion defying what would be normal good entry and exit points from a day trading perspective. Well, I think it might be about to have a change of direction, making me reenter the market with some reversal trades this week...
This trade I will hold until GBPUSD retests the previous key resistance level of 1.34. I will then short from the resistance level back to retest previous support of 1.33, possibly lower depending on the 4hr. Good luck all.
XRPUSD looks like its continuing it's uptrend! As you can see, a nice Bull Flag has been formed with Fib level 0.386 coming in to help out with support after recent drop to 0.5578. I expect a continuation of price action to the upside using Rule 7 Calculator levels of 0.7050, 0.7600, 0.8600 as my 3 targets. The pulse indicator is still firing to the upside with...
Lovely price action in the last few weeks for XRP. The commencement of the 2020 Bull Run is truly underway and I expect to see some very strong moves to the upside for XRP. Previous resistance coming in to play as support at .5650 and I expect to see us crush the upper limits of each level before the end of the year all the way up to circa .8200 - Taking profit...
Parabolic moves like this only end one way and thats a sizable retracement.
I feel the inability for GBPUSD to break through the 1.315 level means it looks fairly exhausted and i'm expecting a drop in the coming weeks to 1.2760 or thereabouts. If it wasn't for the USD being tragically weak at the moment i believe this would happen sooner rather than later. The UK economy is officially doomed for now, the US not so far behind. Lets see how...
Simple pattern repetition here, but as you can see, after each major move to the upside there is a prolonged period of downside. I can't ignore it and feel in the current climate (COVID) 'fundamentally' there is little to send us higher - maybe FOMO will kick in, but i fail to believe retail investors will risk precious cash and throw it in to XRP. Banks aren't...
I’d like a valid reason why NOW is the time when we think XRP can break this long term barrier and push higher? Whilst we are impending doom from an economic stand point, when retail investors are short of cash, banks are broke so on and so on.....I’d like some input as to why NOW is the time?
As per the subject, another indication of my reasoning of setting up a short on FOREXCOM:GBPUSD . Stochastic indicates very overbought also - good luck all.