RE: BTC hits $3,500!!! lets go over some charts, and discuss Simple & Safe trading

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BTC hits $3,500!!! lets go over some charts, and discuss Simple & Safe trading

in trading •  7 years ago  (edited)

Luc,

First of all, thanks for sharing your knowledge!! As a 'keep it simple' adept, I always asked myself if there is some simple trading strategy without the fibo, macd, bollinger, etc complexity.

One of the noblest life goals is change the people life. And you no doubt changed mine! Thanks a lot!

As you said that can post printscreens, I have a doubt with XRP/BTC base. I was expecting it to pump and return to base. But nothing happened until now. Can you help me?

https://imgsafe.org/image/4cba5da6fd

Again... thanks a lot!!!

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I like your chart.. here is a wider view

Ok first lets me say, there are obviously way way way more sellers on this coin than buyers, so I would not be too quick to be working this chart. I would have moved on to something where there is more buying evident..

But lets assume that you really want to make some free XRP coins and so you decided to take your chances this chart. Your odds are still very strong here.. Its has always respected its bases, even with all this crazy selling. I put an arrow to indicate a questionable base, I dont think the bounce was too great on that .00005, so the real base is still .000055 (in my opinion)... I would not be surprised to see a spike to that area, so set up your sells in advance.

All that being said, BTC might muscle your trade, because on top of all the organic selling that has been happening on this chart, there is also a BTC bull run still happening and causing more selling pressure for XRP.. So I dunno when it might pop for you, or if BTC will force it lower still .. its a hard call, but XRP has shown great respect for bases, so its still a pretty decent trade