jhypark

jhypark Updated 

We are going down with perfect same homeomorphic shape(with getting smaller box height) to 6900$ area. Personally, IF the price cannot stop or bounce back at that level(6900$), THEN we are heading to 5500$ (which is 45% drop same as the last one) which needs 1 more week, with no guarantee to go up again soon.

jhypark Updated 

I think cryptocurrency world will bearish for couple of months. Do we seriously need XRP for real living? My idea of safe XRPUSD entry setup is from mid 50s and sell 80 cents, or if 50s does not hold, buy at mid 30cents and sell for 70cents. I think low 30 cent level could be lowest of this year for XRPUSD and somewhere 30~60 cents level for 2018 is most likely scenario.

jhypark

GREEN-RED-GREEN-RED-GREEN-RED Suddenly everybody notice this pattern, then pattern often does not works. There is high possibility of RED, SAD June. But don't cry, If that happen, that bottom will be lowest of the year and we can slowly recover. My expectation of this year lowest are BTC 4500$, ETH 300$, and XRP 28cents. Trade small volume, stay in cash.

jhypark Updated 

I think BTCUSD is very likely to touch lower green trend line(long-term bullish support), so, possible long entry setup can be : 1) If we can see strong bounce from 7500~7800$ , target is 11000$ (ORANGE LINE) 2) otherwise, next long entry can be 5500~6000$ to 9000(BLUE LINE). If bear market continues and if a rejection from 9000 happen, next will be 4500(maybe...

jhypark

I have a buy order at around $7000s somewhere but I personally feel very uncomfortable with this...(with drying volume, I expect no significance bounce) Next safe entry will be $5500 area if bear market continues with increasing volume. IF this drop does not happen, there will be no chance of massive profit, and the market going to be pro institutional trader's party.