Rich_Exclusive_Trading

When XRP breaks through 0.70 cents Possible huge retrace to 0.25

BITFINEX:XRPUSD   Ripple / Dollar
When XRP Ripple breaks through 0.70 cents, it can retrace hugely to 0.25 cents in a Very short time! Be aware!!
XRP is at bottom of horizontal pattern now. I expect long Target 1.10. But be aware of the short risk!! .\u2028.
XRP Fibonacci targets: 0.25 / 0,76 / 1,20 / 1,50 / 1,80 / 2,20 / 2,80 /.\u2028.\u2028



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My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators!
The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading!

My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility!

One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!

How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions.
- and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly.
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market!
- the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions.


And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period!

Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best!

Like my analyses? don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed.



Thank you for following and Succes with trading !

Richard from Rich.Exclusive.Trading
Haha. Thx. Nice joke.
Balas
@GREENWAVES, I am not served by such a comment. You can not read apparently. I have written that ‘If the price fall below the resistance it probably can fall to 0.25’.
This is based on the strategy I follow, cycle trading. Course increases and decreases follow a certain pattern within cycles according to the Fibonacci pattern. If a movement starts between two Fibonacci lines it can be completed until the next Fibonacci resistance. If you want to learn something in life, you should just read and talk to people and ask questions, why someone has a certain thought, rather than write something silly. Maybe you should also publish your first own idea after having a account here for 6 months already.
+1 Balas
GREENWAVES Rich_Exclusive_Trading
@Rich_Exclusive_Trading, In my opinion, unfortunately, technical analysis is not working for crypto. We have just whales entry point and whales exit points. So the moment they are going to enter in game and exit is a secret for commonwealth of most traders. We just can catch trend but to predict levels is imposible. For sure we should read crypto news influencing crypto. This why i am just watching for ideas here to feel general mood of traders. Thx.
Balas
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