XTZUSDT SHORT
LOOKING GOOD FOR SHORT POSITION
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LOOKING GOOD FOR SHORT POSITION
WELL ITS BEEN A NICE SELLOFF FOR RSRBTC SO NOW IS THE TIME TO ACCUMULATE SOME RESERVE, START SCOOPING UP SOME RSRBTC FOR INTO SOME BAGGIES NOW.
if you want buy, after trend break,wait red candel close ,then put buystop on high
i advice dont trade crypto, or forex,,,looking for trade gold XAUUSD
HHs and HLs on the relative strength ratio XMR:BTC reinforces the idea that we are currently in phase D of a multi-year accumulation on XMRUSD.
Short term, price can spring the support of the local trading range (dotted line) at $70, but the overall price action is very constructive.
We have discussed this chart in our free Wyckoff Crypto Discussion, check out the last episode:
https://www.youtube.com/watch?v=lNp6y0j1aZc&t=518s
Good morning traders. Leave a like or a comment if the analysis can be useful to you.
I used Elliott waves to try to predict the XRPUSD trend over the next few weeks. The crypto market has experienced a fairly bearish period last month, though within a positive trend that began in March 2020.
XRPUSD has moved quite well within the Fibonacci levels creating a series of supports and resistances useful in identifying the vertices of the Elliott waves .
After the correction waves A B C in blue, new 5 impulse waves can be expected to retest the supports and resistances created on the Fibonacci retracements around the target values.
Only a clear drop below 0.2170 could write a different story, with the top reached on August 17th which would become the starting point for 5 descending waves opening a new downward phase.
My personal strategy is a long entry at 0.2257 with SL at 0.2140.