HELLO TO ALL. WOW, I MISSED A LOT OF EXCITEMENT THIS WEEK WHILE I WAS AWAY FOR SOME R&R.
TAKE A LOOK AT THE INVERSE H&S FORMING IN RIPPLE. IF WE COMPLETE IT, WE WOULD BE TARGETING APPROX $0.925 WHICH ALSO HAPPENS TO COMPLETE THE MUCH LARGER INVERSE H&S PATTERN TARGETING APPROX $1.6
ON THE UPSIDE:
-XRP DID NOT RETEST THE BOTTOM EVERYONE WAS RAVING ABOUT
-MACD ON THE 1H CHART SEEMS O BE HEADED INTO A BULLISH CROSSOVER IN THE NEXT 4-8 HOURS
-VOLUME IS VERY LOW WHICH TO ME MEANS BEARS AND AFRAID (BULLS TOO BUT WHEN WE IN A DOWNTREND AND BEARS ARE AFRAID, BULLS TEND TO STEP WIN)
-LOOKS A LOT LIKE WE HAVE A BULL FLAG (WHICH HAPPENS TO COINCIDE WITH THE RIGHT SHOULDER OF THE INVERSE (H&S)
-BITCOIN IS ALSO HOLDING WHICH IS ALWAYS GOOD FOR ALT COINS.
-LOTS OF GOOD NEWS IN THE RIPPLE WORLD.
ON THE DOWNSIDE:
-FEARS OF MARKET REGULATION. (SHOULD NOT BE A SCARY THING)
-SUDDEN DIP IN THE MARKET CREATED LOTS OF FUD
-THE HYPE OVER RETESTING THE LOWS IS STILL THERE BY WHAT I ASSUME ARE SHORTERS.
IN ANY CASE, IT IS ALWAYS PRUDENT FOR A CLEAR BREAKOUT IN THE PREDICTED DIRECTION BEFORE TAKING OR CHANGING A POSITION .
THE ABOVE ARE MY OPINIONS AND SO PLEASE USE YOUR OWN JUDGEMENT AND TRADE RESPONSIBLY. CRYPTO-CURRENCIES ARE A VERY VOLATILE AND FAST CHANGING TRADING SPACE UNLIKE ANYTHING WE'VE SEEN BEFORE. THINGS CHANGE ERRATICALLY AT TIMES SO ITS IMPORTANT TO BE NIMBLE AND CHANGE YOUR POSITION WHEN TRENDS OR PATTERNS YOU FOLLOW FAIL TO REAP THE FRUITS YOU HOPED FOR.
GOOD LUCK AND IF YOU LIKE MY IDEAS, CHARTS AND COMMENTARY, PLEASE ENCOURAGE BY LIKING AND FOLLOWING ME ON TRADING VIEW
TAKE A LOOK AT THE INVERSE H&S FORMING IN RIPPLE. IF WE COMPLETE IT, WE WOULD BE TARGETING APPROX $0.925 WHICH ALSO HAPPENS TO COMPLETE THE MUCH LARGER INVERSE H&S PATTERN TARGETING APPROX $1.6
ON THE UPSIDE:
-XRP DID NOT RETEST THE BOTTOM EVERYONE WAS RAVING ABOUT
-MACD ON THE 1H CHART SEEMS O BE HEADED INTO A BULLISH CROSSOVER IN THE NEXT 4-8 HOURS
-VOLUME IS VERY LOW WHICH TO ME MEANS BEARS AND AFRAID (BULLS TOO BUT WHEN WE IN A DOWNTREND AND BEARS ARE AFRAID, BULLS TEND TO STEP WIN)
-LOOKS A LOT LIKE WE HAVE A BULL FLAG (WHICH HAPPENS TO COINCIDE WITH THE RIGHT SHOULDER OF THE INVERSE (H&S)
-BITCOIN IS ALSO HOLDING WHICH IS ALWAYS GOOD FOR ALT COINS.
-LOTS OF GOOD NEWS IN THE RIPPLE WORLD.
ON THE DOWNSIDE:
-FEARS OF MARKET REGULATION. (SHOULD NOT BE A SCARY THING)
-SUDDEN DIP IN THE MARKET CREATED LOTS OF FUD
-THE HYPE OVER RETESTING THE LOWS IS STILL THERE BY WHAT I ASSUME ARE SHORTERS.
IN ANY CASE, IT IS ALWAYS PRUDENT FOR A CLEAR BREAKOUT IN THE PREDICTED DIRECTION BEFORE TAKING OR CHANGING A POSITION .
THE ABOVE ARE MY OPINIONS AND SO PLEASE USE YOUR OWN JUDGEMENT AND TRADE RESPONSIBLY. CRYPTO-CURRENCIES ARE A VERY VOLATILE AND FAST CHANGING TRADING SPACE UNLIKE ANYTHING WE'VE SEEN BEFORE. THINGS CHANGE ERRATICALLY AT TIMES SO ITS IMPORTANT TO BE NIMBLE AND CHANGE YOUR POSITION WHEN TRENDS OR PATTERNS YOU FOLLOW FAIL TO REAP THE FRUITS YOU HOPED FOR.
GOOD LUCK AND IF YOU LIKE MY IDEAS, CHARTS AND COMMENTARY, PLEASE ENCOURAGE BY LIKING AND FOLLOWING ME ON TRADING VIEW
تعليق:
THE INVERSE H&S IDEA IS STILL VALID UNLESS THE RIGHT SHOULDER FALLS BELOW THE THEORETICAL HEAD ($0.73)
تعليق:
An inverse H&S inside the potential right shoulder of the one I showed you in this idea (see chart ontop) makes the completion of the right shoulder more likely.
تعليق:
As predicted. Now to get to my $0.925 target which would be a strong confirmation that we are out of the larger inverse H&S pattern sending us to $1.60 or so.
تعليق:
Bulls planting flags
تم حذف الأمر:
Bull flag did not breakout. we are headed down