Several options laid out for a potential bitcoin breakout . I’m short so let’s see ...negative momentum is visible or it could be trending which could deny the stochastic indicator .
multiple playful trend lines in easy patterns stochastic is super trending down. here will be the last stop before takeoff. fundamentals will be in play real real soon. deal of a lifetime scenario.
THE TREND IS YOUR FRIEND PERFECT BOUNCE OFF THE DAILY 100 EMA AND YET ANOTHER BOUNCE OFF THE 4 HOUR 200 EMA. CLEAR SIGNS OF A TREND TOMORROW EXPECT TO BREAK 30 CENT RESISTANCE. TAKE PROFITS AT 43-45 CENT AREA.
IM SHORTING NOW LOOKING LOOKING FOR PROFITS AT THE 27-26 CENT RANGE. WE ARE TRENDING SO THIS IS BUYING THE DIP AT MAJOR RESISTANCE. 618 FIB LINES UP AT 27 786 AT 26 AND CHANGE. THEORY HOLD AS LONG AS WE DO NOT CROSS OVER THE 200 DAY MOVING AVERAGE. ON THE 4 HOUR CHART WE ARE LOOKING AT THE 200 MA AT AROUND 27 THERE MAY BE VOLATILITY AND MAY BE A TOUCH AND GO AT...
HERES ANOTHER THEORY ON WHAT COULD POSSIBLY HAPPEN TO THE PRICE OF XRP. THIS ASSET IS CURRENTLY AT THE TOP OF A PATTERN WITH ALOT OF DOWNSIDE. I HAVE LAID OUT SEVERAL SITUATIONS WHERE THE PRICE CAN INCREASE AND DECREASE PLEASE LOOK AT MY PROFILE FOR AL 3 SCENARIOS.
WE SEE THERE IS MAJOR SUPPORT AT 20 AND 14 CENTS MARKED AT THE RED LINE THIS HAS BEEN PREVIOUS...
I HAVE NOW SEEN A DIFFERENT SCENARIO SINCE THE BAT PATTERN ISNT COMPLETE YET. MY NEW THEORY CONSIST OF TREND TRADING. LIKE THEY SAY IN THE BIZ THE TREND IS YOUR FRIEND AND THAT IS WHAT XRP IS DOING. WITH MAJOR FUNDAMENTAL EVENTS HAPPENING WITHIN THE NEXT WEEK SWELL AND REMEMBER REMEMBER 5TH OF NOVEMBER COMING "LOL" WE COULD SEE A PUSH TO THE UPSIDE 45-46 CENTS MY...
