Xrp is just playing out beautifully. This pair is telegraphing all its movement if you know what you're looking for. In my previous post I was calling for a failure back below 0.22, the retest was the trigger for the short after the failure swing. After a bit of pain with the drawdown, price moved in the anticipated direction. There are levels price keeps...
Stop loss Was too tight and got tagged. I'm still on the hunt for a short, this is the kind of my move I'd be looking for. 15 minute break and retest of 0.22, still targeting 0.19 I run very tight stops.
After weeks of upside movement 0.22 has finally been met. The 4 candle closed just below, this to me indicated sensitivity putting me on short watch. I expect a deviation above befor any breakdown can occur. The deviation would give a reference for a stop loss. I am now waiting for price to create and violate a short term structure. I am short at these levels...
We are only a few days out from the close of the monthly candle. April was a bullish month for Xrp, made a lot of gains with an almost parabolic move. As green as all those weekly and daily candles were, the monthly chart has its own story to tell. This is not to say XRP does not have legs to keep rallying, is the most likely outcome, I have serious...
Xrp finally took out the high after a slow grind. My 0.22 target is that much loser. The plan is to wait for the daily close, if price closes above the high a break will be confirmed. In that case the open of tomorrow's candle will be very important, I will look to long Xrp below tomorrow's open and target 0.22. I Will be looking for an entry as close to the...
Stellar is one of my favourite investment, out performing all other "majors" Long term this is the most optimistic of the cryptocurrenciess. If you look at the XLMBTC chart you can see stellar is the stronger of the two. In my opinion The next bull run is imminent and stellar is front running the market, I expect a dump when the halving event happens but stellar...
After meeting the initial target, price moved away from the blue box. Ideally I want to see price take another dump below that area before I can consider a long. Price showed it's hand with that rally, now it's a matter of patience. I still have a small piece of my shorts riding with no risk in the market. I will sit on the sidelines and allow price to give me...
Price made a move while I was away from the charts but this moved was called in my first post of this week. There's a possible entry setting up with athe very tight stop. If price fails to hold above the weekly open we could see a tumble, if it holds above I see an aggressive rally for the rest of this week. If this entry doesn't play itself out I will be on...
$xrp made its way down to the blue highlighted zone as epected. Traded beautifully in and around it, there is a reason I highlighted this zone. If you look on the daily chart, the daily candle closed just above it with a slight deviation below. This tells me there is sensitivity at those levels. There are clearly marked areas to watch for signs of a reversal...
Target met at 0.1820 scaled off 50% the open postion. I currently have 25% still running with my stop loss moved to the weekly open. Now I am on high alert for a long opportunity. I will be watching how price develops for the rest of today and post an entry when it presents itself. I'm a fan of $xrp, both as an investor and a trader. Previous lows need to hold...
Aggressive sell off after retesting the weekly open. $xrp has been giving clear signs of its intentions over the past few weeks. It's been caught in a range with aggresive moves up and down. I believe the market is shaking out the weak before a big move. I'm of the opinion 0.22 will still be met. Price is moving down on a hunt for liquidity, the blue box is...
Price moved below the weekly open as expected. Closed off 25% to cover my loss on the previous short. Moved my stop losses to BE targets at 0.1820. Ideally looking for a bounce at 0.18 but, the market will do what ever it wants. Xrp still trading in a range imo. A lot of people need to be shaken out. I still believe the highs need to be taken out before we truly...
Since I'm anticipating a pullback I am going to hedge short in to my long entry. Price could move below the previous lows before the rally to higher daily highs. This way I'm covered in both sides of the market. I will watch this one closely and move stops to BE when it moves away form the entry, I still have a buy stop at 0.18 so I'm still bullish. This is just a scalp
While BTC has been moving sideways some of the other "major" cryptos have been giving clues to their direction. LTC is one of the clearer price charts in my view. The $40 pivot has been a very important price point for this pair, it seems to find equilibrium there. After a very bullish day yesterday the market moved sideways a majority of the day. The move...
Xrp dipped below the previous lows picking up a lot of orders and had a good talk to the upside. This move was called in my previous post, having missed the initial move I now expect a move down. I expect price to dip in to the blue box before a potential move higher. First target would be 0.19 and I will scale off 50% and move my stops to BE. I will take a...