ahmedse
I believe ripple will reach ultimate target of 1.05 on two steps. First is towards 0.78 to initiate soon, as XRPBTC is charging to explode upwards. Price would retrace later following a dump in crypto's, where bitcoin will retrace back towards a trade line at around 6000$ which will drag XRP with it in terms of sentiment etc... Second increase will occur towards...
There sort of an inverse Head and SHoulders formed for XRPBTC (shown chart is inverted) Descending trendline (there is quite few of them) is broken too. Ripple and Bitcoin will Diverge Looks like ripple is charging on two cycles once to .8 then to 1.05 (according to the famous log channel many members are sharing) on meantime Bitcoin may hold a bit at 8000 then...
Revisiting this trade, nice entry position as in risk/reward ratio Previous trade linked below, hopefully exited at 3.82.
Easy trade, attack on oil facilities in saudi is disrupting about 5% of global supply, will look for price to rally. (though strategic reserves will be withdrawn and other opec producers will open taps to counter this shortage) May exit lower than 75$ Most important thing is to enter trade as soon as market opens.
My predicted moves for EURUSD, Some expected relief in euro area, an Trump's monetary easing pressure may have an effect. But big problems are around the corner in europe, with threats of fragmentation, which will drag the euro once more to historic lows... Low probability both to come true.
So China imposed tariffs on 75 US Billion of US imports, of soya, oil , etc.. The drama will occur again and Trump will spit back with tariffs or measures on a surprise, so as an anticipation shorting Chinese stocks index is recommended. SL is set based on shown trend line acting as resistance, TP on Fibonacci sequence.
Bank earnings came mixed so cant comment much on it. But there seems to be plenty of resistance (trend line, fib- expansion,...) at this level and betting on price to retrace back to ~2870. SL is tight about 3040, so not much to lose at this entry
Entering in the short direction, expecting a retracement on the basis of descending trend line
Ripple didnt make the big shoot in price in line with Bitcoin yet, while looking at previous bubble of late 2018, there is a gap between the two. And by the time bitcoin started retracing, ripple picked up Hope this time gap will replicate now. TP at 1.05 to 1.10 range, or exit trade within a month SL at 0.19
Analyzed move (EURGBP) to 1.05 just by predicting a hard NO DEAL Brexit to occur by the end of march, and some chaos surrounding it. This is based on expected EU's unwillingness to re-negotiate a deal, they made it clear the previous deal is the only one to expect, and more importantly: EU wants to leave UK as an example for other states that may consider...
Hope this trade will have a good probability of success due to confluence of: - fibonacci levels from two retracements. - trend line as drown fundamentally, oil price fall may drag the ruble down but inflation data will come out tomorrow and unsure about it
Still Holding that gold will retrace back to 1355 (SL is triggered in previous idea)
Betting on a pullback of gold from the ~8 years old trend line to 1300 region.
Just dropping a thought on the possible moves of bitcoin, I think profit in BTC now is mostly driven by tricking and making profit on other traders' loss. And few fundamentals, so I ll treat the trade here like a chess game. Last rally appeared to be strong but faded in the last three weeks to what appears to be a clear move downwards (weekly candle, some form of...
Short based on 1) Head and Shoulders formed. 2) Current tumble in other indices that will drag FTSE with it 3) a correction in recent drop of GBP may occur, there is an inverse relation (relatively) between the index and GBP, which will drag the FTSE down.
Trade logic on Right wing move towards government after year of lefties in power. Some economic reforms are expected, and Capital is eyeing transfer to Brazil as a consequence. Technically, a head and shoulders pattern just finished forming, (can be seen clearly on daily chart), with any move downward likely to be quick, TP just above 3.2 is suggested based on...
This trade is based on the rising tensions between China and US, China is out of its tariffs card and may resort to other retaliation options. At this time, rare earth metal production is dominated by china, and some of these metals are essential for electronics, magnets, etc... If china resorts to restrict the export of these metals then REMX ETF (a basket of...
it s just a bit interesting how these fibonacci circles are aligning with the chart as resistances and supports, and I cant explain much on why suggest to short bitcoin with TP's: 6330 5800 5200