XRPUSDT SHORT TRADEThanks for coming by to this update.
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Let's get to the chart.
Guys firstly I need you to understand, TA is the perfect way to speculate the future price movements.
Taking trades on the basis of TA is mostly profitable.
So do not take any decision with emotions.
XRPUSDT GOOD TO SHORT 0.1800-0.1775
TRIANGLE BREAKDOWN IS POSSIBLE TO BREAK AND TARGET SHOULD 0.12800 (28.89%)
STOP LOSS : 0.2070 (15%)
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Bitmexsignals
A 65% drop and a NEW BOTTOM in Bitcoin? A new BULL RUN?So here's the latest update on Bitcoin from tychelab.com
As mentioned in the previous update, we did reached the 4.8-5k region (even overshoot our targets) with the reasonings given by us properly. Hope you liked that update and got an insight of how market makers mould this market.
Coming back to the current situation, we believe that it's going downtown from here. Following are the reasons for the bearish bias.
1. For the bull run to start market makers will need two things, minimum retail traders & accumulation . And both of these conditions are yet to be met. This mini bull run from 3.5k region gave retail traders a hope of reversal so they are still holding tight. And accumulation hasn't happened yet so we believe that market is yet to do some drama before a clear bull run.
2. No proper bottom signs as such on 3100 and more than that a manufactured pump which leads us to believe that it was not quite a bottom.
3. Why should we dump till 1.8-2k region? It'll be a treat for market makers to watch retail traders bleed and simply give up in despair. Most of them will give up and take the exit gate at around 2.2-2.5k region. There'll be a small percentage of people left who'll eventually give up after a long accumulation phase shown in blue box.
4. Why won't we break the 6k resistance? Simply because once 6k gets broken we'll see a huge influx of buying and Bears will loose their control from the market. If we talk about probability, there's only 10% chance of breaking 6k currently. Bears have been in control for almost 15 months and they will like to continue for next 6-7 months at least.
So, here's all the reasonings for this analysis. Hope you get benefitted from all of this.
Do visit tychelab.com in case you want us to do auto-trading for you based on these analysis.
*not an investment advice, consult your advisor before investing in Cryptos.
This is my last post !! Bad news ,FUD , dump - What next ?My Dear friends & followers I am using a different trading view profile ( trading view profile id - cryptoanteg.com).
Please follow me there as this will be my last post from this trading view ID !
I WOULD ALSO SOON TEACH YOU ALL HOW TO PUT TRADES DIRECTLY FROM THE TRADING VIEW TO YOUR EXCHANGE ( BINANCE /BITMEX) WHEN IT BREAKS A MAJOR TRENDLINE REDUCING YOUR SCREEN STRESS WHILE TRADING SO KEEP FOLLOWING ME ON THE NEW TRADING VIEW PROFILE - CRYPTOANTEG.COM
The reason for switching was to promote my website www.cryptoanteg.com
Welcome to a new profitable trade ! Usually bad news follows after a dump which indicates its time to buy as
a big green candle may be around the corner for a MEDIUM TERM trade ( 3-5 days)
What we see from the charts using both classic & modern TA ,
Divergence - Bullish between MACD & Price Action
TD trendline ( green line has been broken ) indicating market move in upward direction .
I have put targets as per both modern TA & classical TA which are coinciding to approx 3600 previous resistance level.
Stop loss is 3300 levels.
Risk to reward is 1:3 for this trade . Dont go for more than 2 % risk and select CROSS on leverage . Always remeber money management precedes TA skills .
Please remember this is a BITMEX perpetual trade prices only .
Love to all of you ! Dont forget to follow me !
Ed
MACs EasyMoney - BOT Trading Indicator:Code Update:
Introducing the Take Profits Points for the BOT Trading version with Alert Systems. It will be helpful to LOCK the PROFITS at the most accurate - local TOP/BOTTOM price points.
1) LIME Color Arrow Down Symbol --> represents the take profit points for the previous "L" Signal.
2) PINK Color Arrow UP Symbol --> represents the take profit points for the previous "S" Signal.
Very difficult coding architecture is behind this section. (I am 100% sure, you wont find any better script than this anywhere. 1_BTC Challenge :))
Happy Trading.
Contact me for Queries / Access:
Mail : Cryptomac55@gmail.com
Telegram : Cryptomac55
Thanks,
Mac