61.8 retracement of the 1.2050 low on may 13th. Hoping to catch a bounce up to around 1.2180.
My previous post, I suggested that upside reversal was imminent if we got a break out of the falling wedge. We did and it has provided must need optimissim. The first real resistance I expected was around the $1. If we can get a break out of this 1.15 should be the target. A more Conservative approach would be wait for a break out and buy in on retests of $1
Currently retesting a very important 3 year resistance level hoping to turn support. A wedge forming on the 1 hr chart. 30mins shown on this chart for a clearer view. Rsi is oversold. And it's also great to see the daily rsi oversold at a level were previously it would've been over bought. All signs ⬆️
When there's blood on the streets, buy, even if it your own. Where is this going? The chart gives this answer. Its still 400% up on the year
I still don't see why this is impossible. We're clearly heading to break all time highs. And if this can go from 0.10 to 3.5 in a matter of weeks, why would 1.10 to 100 be unthinkable. And yes the chart is a mess, but I'm lazy
As much as I don't want this to happen, I would much rather a non stop surge up at this point, it looks to me like it will head down a bit. I don't seen it as a sell opportunity, more like another chance to buy
Although the ups n downs and consolidations are very frustrating, I think there will be hella reward at the end.
I will be holding my xrp trades for a very very long time. No interest in selling whatsoever, I'm just waiting for more buying ops
Thoughts and opinions please.
Take profit hit a little sooner than expected
Just taking a quick trade of the 32.8 fib level after an impulse. Should work
Another target hit. A break above this level, then its buy and hold
With the target finally being hit on my previous trade, I'm pretty confident with this continuing up with a tight stop loss. If it stops out, we will look for another buy
I would have preferred entering on a retest of 38-40000 but as that hasn't happened I'm happy with this entry with a tight stop. It could break down past my stop, then I'll look for buys again around 40
I'm only assuming here. But shouldn't 1.9trillion dollars of stimulus weaken the dollar even more?