Hey there! Here are some ideas for pondering. 1) The CME contracts expired on the 19th. I believe these contracts that were short caused the longs to pile in for a brief moment. In fact, billion was pumped into cryptos minutes after this expiry. 2) The CBOT contracts will expire on the 26th. They are heavy short too. I expect there will be downward...
This is the 1 minute chart for XRP. Fib Retracements and Extensions provide possible scenarios for consideration. This "ideas" are part of trade plan for my personal risk profile and others should develop there own. I use Bollingers, Fibs, MACD, RSI and PSAR. At times I confirm with patterns and other indicators such as Aaroons and Chaikin Oscillators. I also...
Pick your peaks....we are consolidating with a potential for a trend reversal.
All, A J-hook has formed on the Bollinger B% on the Daily Chart. This is an early indicator of an impending reversal. All lower chart timings are showing slow upticks in MACD. Although the daily does not indicate that yet. I still expect a retracement to the .786 on the daily. However, if other indicators are showing me otherwise, I will engage. I use the...
This is an exploded view of an earlier post that clarifies or identifies multiple points for entry. Each identified level uses either a FIN retracement level or the Stapelton Method. Stapleton relies on qualified structure such as highs and lows that are pivot points or consolidation periods. The method is LLSLC or look left structure leaves clues. This shows...
XRP in a good position but looking weaker.
Red area is consolidation for today....Green Zone is first entry potential for a HODL trading Plan
PSAR has indicated down. Alerts created as possible reentry with Fib Retracements. Time will tell. A Limit order is in at 1.70. Happy Hunting! May amend limit order if and only if there is a PSAR reversal.
Lets see if the power of two works.
Hmmm. Sold at the black line. Did a horizontal retracement. Then added a Fib Arc. This was started at about 3 hours ago and Bam...So far on target. Reentery is set at 1.70
Lets See what happens with news.
XRP announced working with Singapore Monetary Agency (Central Financial Authority) to test use of program and tokens for cross border settlements.