XRP In Quarantine WHEW. Nasty moves to many sleeping investors. A stop hunt liquidated all the way down into the .13 cent area. Xrp attempting to find candle body support on the .18 cent support region on the daily chart. Rough waters keep many on shore but some go out and ride the waves...
Will have to continue to see this "shituation" play out. Global everything getting all shook up at the moment. Tomorrow is Friday the 13th in USA! Fiat money has more chance of hyper - inflation than ever before. Make sure you have some essentials - don't expect to be able to go and buy what you need at anytime. In US the government publicly stated it is going to get worse before it gets better.
I wish you all the best & hope you gauge your life by far more than the value of XRP. Happy vibes on a gloomy day. If your looking to add to your position this could potentially be a great buying opportunity! If anyone who reads this is affected by this illness or someone you love is I wish you peace and prosperity in this life or the next! Not Financial Advice.
Rekt
Crypto Tests Positive for Corona VirusShowing the total crypto market cap chart here as there have been no cryptos safe from annihilation. First we had the sniffles and mild symptoms but now were quarantined and left to die. Bag holders may be feeling a bit grim today! If thats you then realize you decided to take some big risks - I respect you just for that - do not give up just yet!
Many will sell long held bags at a loss. Your money = your responsibility!
If we fail to hold a total market cap in the $160's billion range we will quickly fall another $30 billion give or take. Its worth pointing out that the $130 billion area is exactly where we were last year.
If anyone who reads this is affected by this illness or someone you love is I wish you peace and prosperity in this life or the next!
2020 Halving Leaves Traders Golden Cross-EyedBitcoin refuses to leave the 10k launchpad from the 9.X resistance area multiple times. Positive sentiment leads traders into a trap. News of the "Golden Cross" and "The Halving" trumps all, but we can't all be winners. The promise of easy profit leads traders and investors into one of the largest bull-traps of 2020 so far. Bitcoin falls through the floor from $10050 to $8500 in the matter of days.
The question is, is it over?
NPXSUSDT: PundiX Bloom or DoomAltcoin market starting to looks good and it means that it’s worth looking at outsiders who have not grown 3-4 times yet, but looks promising.
Despite of working products and consistent monthly reports NPXS price was a complete disaster for a last year.
But now NPXSUSDT chart (with USDT pair at least) stated to look more promising. Making a modest 40% from the bottom Pundix trying to storm $0.00020 zone of strong resistance a couple of days in row.
I'm keeping an eye on this one and if this will be able to crush resistance I definitely a buyer.
From the other hand don't forget that NPXSBTC chart looks much worse (like a bearish retest).
Information is just for educational purposes, never financial advice. Always do your own research. Such thanks.
Darth maul candle wipes out all. Bear or bull don't matter. Everyone got trapped - if they were trading the longer term time frames. If you were an intra day trader - You possibly made it out ok - But if you are a longer term trader hoping to catch trends bitcoin just slapped you across your face and told you - this market will be behaving differently from now.
The Past price action of Bitcoin should not be compared with the present - That is one painful lesson i've learned in this market. Although we read in textbooks that history repeats itself in markets - But clearly bitcoins movement behavior has changed from the past.
Nonetheless - If you want to trade here - i would wait for daily to close above 9500 area before going long, Or wait for 8800 to break on the daily before going short.
Knowing when not to trade is very important. The current price action is not making sense, So best bet is to wait for the market to give us clear signs before progressing on next actions.
Clearly this is an extremely manipulated market - that 50% move in 2 days was one of the biggest in bitcoins history. Trade carefully friends.
It's a Bear, It's a Bull, It's Bi Polar Bear!Since little age he felt different, he will play with other bears but sometimes felt a bit out of place.
Global Warming made him move south, and one day on a summer holiday in 2017 he saw the field filled with bulls and was mesmerised by their muscles, resistance, and their big candles...since then he couldn't think of anything else than becoming a Bull.
He started shaving his hair Short down to the Scalp in the summer, and growing it Long in crypo winter,
A few months ago, he had put his Fake Out horns and go for a walk, jumped over the Hedge only to meet a group of bulls that mistook him for a Cash Cow, Bi Polar Bear tried to retrace but they grabbed him by the Head & Shoulders and.. you can imagine the rest...several Pump and Dumps, no Pullback and none of them Missed the Bottom.
His Asset was pretty much destroyed with a big Ratio Spread, so had to stay in bed Sideways for a while, Averaging Down lots of painkillers for his REKT pain... all of this while watching the bulls run and laugh outside his window.
recovered quite well lately and he's considering cutting his hair short and going out again...
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Have a beary good day everyone!
Bitconiano
Bitcoin on the way to $11k? Who is going to be rekt next?Hello everyone,
In this update AlphaTradeZone will shre two options of what can happen next, and in which conditions it will happen, so you don't need to guess what to do.
1. XBT stay flat at current strong 1D support level.
In that case we will have long accumulation and Bart pattern up to $11k.
We expect price to squeeze down for longs and back with increased volume, forming reversal pattern.
2. XBT slowly grinding down below $9.4k Daily support and trading below it.
It will mean that move down will continue and targets are:
$8700
$8200
$7200
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For now Bitcoin at very crucial level, but the main trend is DOWN!
Will drop happen from $11k or from current price?
Your ideas in comments are welcome.
Symmetrical triangle forming on btc? Still chance for bulls?A symmetrical triangle has been forming on btc usd for almost more than a month now. Symmetrical triangles are a NEUTRAL PATTERN ie they are not bullish or bearish till a breakout is confirmed.
Don't let the dump from 10.6k fool you - Daily support level has not been broken yet, and there is no lower low yet on the higher timeframes.
As you can see we are right at the bottom of the symmetrical triangle , And we are also near a daily support. I am hoping for a bounce at these levels. I am not going to have a bearish bias till 9.4k area breaks on the 4h atleast with good volume.
There is a fib level at 10,100 area. If we start closing 4h candles above 10,100, you can be sure that we are going back much higher.
A break below 9.5k area on the daily support levels means that btc has turned quite bearish and is likely headed towards 8k area. Trading the breakout is a perfectly viable option here.
Watch these key levels - Daily 9.5k area should hold for bulls - For bears if price starts closing above 10.1k on 4h time frame - it might mean price could go higher.
All the best to everyone!
short now or foever hold your breath Short term Shorthey guys this is a short term short today we hit 10700 and now we are breathing out this is normal for any market you cant breathe in without exhaling thats all that is happening.
im not sure where this will end but im thinking 10100 then back up for a small climb and back to your long position you go
so in total im short term bear next 12 - 14 hours until 10000 ish......
long term bull 2 to 3 months where hit 15+
good luck on your trades and please never trade 100 x try trading 1 x!?
please smash that like and subscribe for more signals form bitimex xbt
thanks for pressing like i need more rep points here since this is my new account ;)
BTC still has a decent bullish structure but ...Hi everyone
While everyone is panicking, sometimes it's good to zoom-out and remind ourselfes that it's the bullishest asset in the world :)
If we break the blue supertrend after closing in daily, then I'll look very closely at the CTI (green/red) weekly if it will hold or not
Failing to hold the CTI will result in our dreams of lambo to be annihilated by Satoshi (= Craig Wright ? #joke) himself. Actually that' s where TA can kick-in... after a move up, I often aim for the zone between the 61.8 and 76.8 retrace level at least to buy back
When we'll hit it, your nocoiner neighnours and hyperwave favorite gurus will call for BTC to 1K and even to negative USD value (you'll have to give USD to Satoshi... true but sad story).
Not financial advice but it has often been profitable to counter trade bears during bull market (as far as I know, still backtesting the idea as we speak with my own account, will update when rekt but not likely to happen anytime soon :p)
Jokes apart, if we break the green CTI and hit my green rectangle, please wait for your own reversal signal before jumping back in.
The reason we don't like catching failing knifes is because ... it cuts and that's leaving us bleeding and... that's not nice.... We prefer seeing other bleed instead and fest on their fear and tears... right ?
I'll update this SWING idea if I get a bullish signal confirmation (my nice green diamonds and triangles on the chart) or if you should start considering telling your family there won't be any summer holidays this year.
Either way, I'll try to prevent us from being rekt (because TA works... sometimes)
Dave
Nail reversals for high leverage tradesCOINBASE:BTCUSD
.. .. Tic by Tic Bitcoin Scalper
A groups of technical indicators to find entries & exits at exact reversal points..
The Mighty Doji along with decoding the visual data allows this...
( If only my TA & frame of mind could be up to the challenge! )
What else does one do after getting supremely REKT by the Corn
A pursuit of perfect scalps..
-new 2 charting and TA
Be kind and charitable with your feedback and reputation points.. :)
btc donate - Help a soul get back in the game
13zGwmtKRLxdSHDcVakWCMj6fbP1seFsF
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Bitcoin's Change of BehaviorJust something I noticed as I've been following the 377EMA and the 200SMA (thanks to Eric Crown). This is more of a general market trend and not necessarily a price prediction.
I've identified 3 fwactals(!) on the 2 hr time frame, with a change of behavior on the 3rd one.
Previously, BTC would make a new high, and then drop below the 200SMA and grind out between the 377 EMA , before popping up above it, and then making a newer higher high. This pattern has now changed, Bitcoin has failed to make a higher high after rebounding and grinding off the 200SMA.
To me, along with the RSI and Stoch crossing down on this time frame, this parabolic move is beginning to look weakened if not stalled completely.
Inter-wave 3 of Wave 3 play for XRPU19Look's like I missed an earlier entry at the end of Wave 2 which almost retraced the entirety of Wave 1. Looking at playing the entry of Wave 3 of Wave 3 as Wave 2 of Wave 3 just finished. What a tongue twister.