Ripple to dollar work in a local uptrend. From the previous entry zone, at the moment, the profit is + 77%, the uptrend continues. In the main trend, the price moves in a downward channel, the formation of which I was foreseen in July 2019. (see attached to the description of trading ideas).
In a local upward trend, it is important to maintain a position while the bullish upward movement continues and there are no signals for a reversal. The price approached the resistance of the internal channel. A breakthrough of this zone will mean an increase in price to the main resistance of the downward channel (red line).
Breakdown and price fixing above the resistance of the external channel (red line) will mean a break in the main trend. And in the "rip super rocket." But at the moment you need to understand that the main trend still remains pronounced bearish despite this local upward movement.
A break of the local trend line (blue line) and price fixing below it will mean a turn in the local trend and the potential for the development of a downward movement within the channel. I showed the reversal zones on the chart.
This trading area is on a large scale price chart. Also in this trading idea all my trade of this coin for the year is shown.
All the main price movements were taken by me at 60% of the 100% price movement. See the description for more details.
XRP downlink. Work Pivot Points. From the entry point + 77%
הערה
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הערה
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The price is approaching an important reversal zone. Its breakout and consolidation above the downtrend line of the main trend will reverse the main trend. If the resistance is not overcome (red trend line), trade in a descending channel.
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Breakout of the main downtrend trend. If, after the breakout, the price consolidates above the main trend downtrend line, this would mean that the local uptrend is the emergence of a new main uptrend. And this breakdown of the resistance of the descending channel will be a fateful moment for this asset and not only. If the price breaks the 0.277-0.35 zone for the remainder, then that will be what these numbers mean (after all, these levels were not held for nothing). Many people are absolutely indifferent to money, they think differently and, as a result of their thoughts / actions, they never need candy wrappers.
If a false breakout occurs, the market will show weakness and the price will not be able to overcome and consolidate above the specified zone - further trading with the trend in the downtrend channel. Percentage step of the channel is profitable enough for earning. The coin allows you to work short.
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Breakdown of 21.03% from the breakout line of the downtrend main trend. We also see a huge customer + "helicopter" volume. Track the history of different assets when this is done and you will understand the logic and purpose of this action.
21/3 are not fools understand that the percentage is not random and not two-digit. Everything is so, as these numbers mean, without forgery. Who does not understand - this is not for you, you do not need it.
nice analysis, I have this overall view at the moment for it
Shabanov
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Thank you, Sensei!
I have used your idea from the IDEA of yours regarding XRP from February post, on XRPBNB.
Waited and filled in 1200 and then offered it from 13. And then again had confusions, because BNB was starting to bull + Token burn and sold at 1233. Just a few days after, it turned 1320.
Could be made 7% in 4 days, instead made 2.5%(((
#StillLearning #ButAlreadyMakingProgress
SpartaBTC
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@Shabanov, You need to understand that the different "news" creators are created only in order to deceive the crowd. Think from the position of manager how you would act, and not from the position of the crowd. After all, the manager must earn money, and the main crowd - to lose.
SpartaBTC
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@Shabanov,
You also need to understand that it is definitely not possible to predict everything. No one knows the future, including the one who creates this future. The crowd is always sure of the opposite - therefore constantly lose money.
Shabanov
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@SpartaBTC,
Thank you Sensei for this! I do remember this from LearningVideos of yours, that in order for them to make money, crowd should lose money and also that news should be supported with money (strong attachment). But, on the other hand apart from all this ChainLink has declined also.
And I do remember that you’ve once mentioned, that ChainLINK has negative correlation regards to most of the top coins.
Sensei, Will you make a video regarding the correlation and how to use that correlation?
SpartaBTC
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@Shabanov, At the moment I am very busy, and to make a video you need to spend a lot of time.
Shabanov
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@SpartaBTC,
We do all do understand that and appreciate your efforts Sensei!
Thank you!