XRP / Bitcoin
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Descending Triangles: Needs to hold this level #VolatilityWatch

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Pattern suggests the building of descending triangles.

Tip #3 - Wait for patterns to come to you, you cannot make price move by yourself.

  • Needs to hold this Fibonacci level (0.382)

  • Pay attention to potential breach below 0.382, this could signal further selloff!

  • Resistance for bounce is at $0.000041225 ( if breaks above may consider buy)

  • Long-term pattern suggests potential AB=BC Harmonic pattern building out.

  • ADX suggesting strong trend to downside.

  • Watch for high volatility, this could signal Big $$ traders switching from long positions to short positions.

  • Symmetrical patterns suggest this is in fact a repeating pattern as well.



Statistics suggest 90-95% of crypto traders fail!!. Please like and follow so I can continue providing technical analysis/ pattern recognition. Thank you in advance =)

(For trading tips/ suggestions on reading charts comment or PM me).

--Follow_the_money



Disclosure: This is not a note to buy/sell. I may open/sell/close position within next 72 hours. Please do your homework before investing.

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Other Trend-Analysis

Tip #2 - ADX indicator (DMI in trading view) evaluates trend strength. try it out by adding to your chart =).


Have you seen San Andreas? =)



Statistics suggest 90-95% of crypto traders fail. Please like and follow so I can continue providing technical analysis/ pattern recognition. Thank you in advance =)

(For trading tips or suggestions on reading charts, comment or PM me).

-Follow_the_money



Disclosure: This is not a note to buy/sell. I may open/sell/close position within next 72 hours. Please do your homework before investing.

//-----------------------------------------------------------------------------------------------------------------------------------------------------------------------

Other Trend-Analysis

Tip #1 - Big picture. before one can understand short term movements, take a look at the long-term trend for potential patterns (this is what I do before trading ranges).

Here is link to another BTCUSD analysis. On point!


Statistics suggest 90-95% of crypto traders fail. Please like and follow so I can continue providing technical analysis/ pattern recognition. Thank you in advance =)
(For trading tips or suggestions on reading charts, comment or PM me).


-Follow_the_money


Disclosure: This is not a note to buy/sell. I may open/sell/close position within next 72 hours. Please do your homework before investing.
Nota
No alerts to cover my #SHORT yet.. Looks like it breached key long-term fib support >+) relax and make STAXX

#VolatilityWatch

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.