Alignment and compression of FiboClouds signal a higher probability of continued correction. Follow us to receive notifications about new trades as well as frequent updates on ongoing positions. Finally, if you agree with this idea or found it useful, give it a BOOST so it can reach more people!
I have had great results with this company as I waited for the first major crash into low teens, I have been in and out many time and want to build a longer term position, and feel the $15 area is great support. I will most likely only buy shares to hold, possibly a few leap options 2 yrs out What is your take on this call or company, I am an average guy that enjoys this stuff...
Hello everyone have you found your magic? yet? ? ? ? Retracement is healthy for continuous bullish mode. HSI:HSI D chart on HSI https://www.tradingview.com/x/6TMKYCWP/ As mentioned before :-The next strong resistance will be the last Oct2024 Hi at 23241. How far to reach the ATH from today? from previous post as predicted it's not that far! We definitely be there this week! From the soar early this week, today expecting a pullback in order to retest the Hi. KDJ - is at overbought and red zone. Look at the 4H chart PEPPERSTONE:HK50 https://www.tradingview.com/x/FP9NbPxD/ MACD - bullish zone KDJ - now at overbought and retracement mode (bearish mode) BB - Index continue trading above BB midline and stay within upper BB channel. Be cautious and it could retrace to lower BB range. Today Trade Plan: Buy into support : 22550 - 22665 (key support level for 1H Chart) Sell at resistance : 22800 -22890 Look at the 1H chart. https://www.tradingview.com/x/sPIB7Zxy/ MACD : it is still at bullish zone but cautious if its not above stay above the support level and might break below zero line and turned bearish. KDJ : retraced completed and reversal from oversold zone turning into green. BB : start coming down trade range at lower BB range. Potential for accumulation and easy win when it hit the bottom of lower BB. Lower BB : Today support level should be at 22475- 22570 (to continue bullish it needs to stay above this level) Resistance : 22900-23000 Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. Set your tf, have your entry and exit plan! Pay attention to the Goldencross/DeadCross; practice makes perfect. Let's follow our own strategy and zen with ? and ?. Happy Trading everyone! Hope you found your magic?, rub it and whisper your own "open sesame" phrase and boom! https://www.straitstimes.com/asia/east-asia/look-whos-back-alibabas-jack-ma-shakes-xis-hand-at-meeting-of-chinas-business-titans Reminder : still early and start to accumulate China & HKG for the potential upside for the year! HKEX:2800 HKEX:2823 HKEX:2801 HKEX:3067 ** Please Boost ?/LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea!**
USD start of wave three. USDCAD swept equal highs on the weekly. May have more downside to major support. USD may get weaker from here. Risking half percent on this trade. Meets all of my trade criteria except for retail sentiment. Currently 60% short. However the pair has high short interest from retail last week. Should see a shift to retail longs if we see more downside for the pair.
WEEKLY TIME FRAME: We have a break of structure from 170.118 level down to the first support at 165.300 level there about. DAILY TIME FRAME: At 170.118 level there about we have a BEARISH CANDLE confirming downside direction targetting 165.944 there about. 4hrs TIME FRAME: At 170.118 level we have Double Top/Slanting H&S and the market breaks the neckline at 168.72 there about came back to retest it.
I cannot believe how many have fallen for this deception. I cant believe how many are about to get scammed and rug pulled by Ripple. The amount of hype this thing has had over the years is simply amazing, just to keep it afloat so Ripple can sell their holdings to unwary, and naive investors. The number of influencers getting paydays because of clicks and subs by pumping this thing with their wild and wacky delusional predictions should be criminal. The amount of people being led to slaughter is going to absolutely be awful. This crypto is going to destroy so many investors wallets, hopes, and dreams. I cant believe this crap. Lets break this piece of turd down so a layman and children can understand because those are the only ones who would invest in something so worthless. I know, I know but banks, banks, banks, banks! Yeah yeah yeah Garlic Bread shook Trumps hand I know I know. Lets get real here kids! No banks are going to hold anything that is as volatile as this crap. The new stable coin RLUSD has officially made XRP useless. Why would any bank use something that can change in price within minutes over a stable USD pegged asset. They simply will not. Also lets clarify some things here: SANTANDER Santander does not use XRP to power its One Pay FX service, which is a blockchain-based international money transfer service. Instead, Santander uses Ripple's xCurrent, a blockchain software that enables real-time tracking and settlement of payments STANDARD CHARTERED BANK You can't currently send money through Standard Chartered Bank using XRP tokens, but you can send and receive XRP using other services. Standard Chartered Bank works with a number of cryptocurrencies, including Bitcoin, Ether, XRP, and stablecoins. Standard Chartered offers a variety of services for digital assets, including custody, trading, and banking. NOT JUST XRP BANK OF AMERICA You can't currently send money through Bank of America using XRP, but you can send money using Bank of America's wire transfer service. Bank of America (BoA) has been exploring Ripple's blockchain technology and XRP, and may use XRP for payments in the future. MARKET CAP OF XRP TOKEN VERSUS OTHERS XRP MARKET CAP $144 BILLION MONEYGRAM $1 BILLION WESTERN UNION $3.66 BILLION SANTANDER BANK $93 BILLION STANDARD CHARTERED BANK $27 BILLION PAYPAL $77 BILLION JP MORGAN CHASE BIGGEST BANK IN WORLD! $785 BILLION AMERICAN EXPRESS $218 BILLION BANK OF AMERICA $353 BILLION CITI GROUP $160 BILLION So you're trying to tell me that XRP market cap of $144 billion isn't already overvalued like crazy! Its worth more than Moneygram, Santander, Western Union, Standered Chartered Bank, Paypal, and Citigroup. For what reason would it be actually worth that much right now when everything is mostly just hype and speculation and being duped. Even if every bank did use it they arent holding onto it. They are simply buying it and then selling it instantly and converting it to whatever fiat the exchange called for. Simpletons believing that XRP can actually be worth $100 or $500 each is so crazy and stupid its hard to believe no one can do math. This thing will be lucky to double top and let you get out. Its going to crash in an epic fashion because its value to worth is so far off its insane. Some more facts! All XRP was pre-issued at launch, unlike cryptocurrencies that use mining The XRP creators gifted the company 80% of all XRP, keeping 20 billion units for themselves 80% OF XRP WENT TO THE COMPANY FOR CRYING OUT LOUD! WILL BANKS USE XRP WITH IT BEING SO VOLATILE? Banks might use XRP despite its volatility because it functions as a bridge currency, allowing them to quickly and efficiently settle cross-border transactions at a lower cost by converting currencies into XRP instead of relying on traditional fiat currency exchange processes, which can be significantly slower and more expensive; essentially, the price fluctuations of XRP become less relevant when used solely as a TEMPORARY intermediary in transactions. KEY WORD TEMPORARY. BUY, SEND, SELL! NO ONE IS INVESTING IT IT ITS MERELY A SETTLEMENT CURRENCY. The Ripple network, where XRP operates, is designed to provide readily available liquidity for cross-border transactions, meaning banks don't need to hold large reserves of various currencies! Wake up people, and now that the stable coin is running on the Ripple RLUSD, there is NO USE FOR XRP THE TOKEN. XRP was simply a token to dump on clueless investors to keep the company Ripple going. If you think that all these institutions want to invest in XRP and theres this huge demand for institutional buyers of XRP lets take a look at Grayscale the closest thing available to big investors on the stock market. SOME GRAYSCALE HOLDINGS XRP $14 MILLION ZCASH $13 MILLION HORIZEN $14 MILLION XLM $41 MILLION CHAINLINK $22 MILLION BITCOIN CASH $134 MILLION ETHEREUM CLASSIC $240 MILLION LITECOIN $260 MILLION XRP is on the same level as Horizen and ZCASH, one of their lowest holdings. This is a clear sign that no big money wants anything to do with XRP the token because if they did they would be investing through the trust. XRP the token was a scam from the get go to get the insiders rich and to pay for the development of Ripple the company. If and when Ripple the company goes public do you really think your precious XRP token will be worth anything. NO IT WONT. THEY WILL HAVE THEIR OWN DAMN TICKER THAT HAS NOTHING TO DO WITH XRP. Oh and the ETF, No f'ing way that thing will ever get approved while the SEC is still going after it. Get real! Even so even if THE SLIGHTEST CHANCE it did it'll have as much demand as the XRP Grayscale trust, NONE IT'LL BE A DAMN DUD. No big money will touch this with a 1000 foot pole. Not with the company holding still almost 60% of the supply. Its a honeypot for the creators. None of this is meant to be financial advice just my opinion. Dont lose your shirts.
Plotting the future if this meme cycle plays out - targets could be way higher but meh - we might go down/sideways for a while before the fractal plays out though but not sure - end result should be quite good if things stay bull 2025.
The White area represents the 200MA and in both situations the MA is tested and then puts itself in the prime position (green circle) We are now in this prime position. The white area will unlikely be tested again this bull run as we are heading into the next phase of the bull run indicated by the arrow BULL TIMES Weekly timeframe
In this video we will demonstrate how to adjust time intervals using Market replay.
Typically I share the signals of my King Trading Momentum Strategy, which combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even a little thing called Beta! But this time it is all about technical analysis. On SPY I originally thought we truncated wave 5 but now that we closed above the all-time high just one more close higher to confirm and this one is off to the races. Today it even retested breakout, held and bounced hard higher into close (super bullish). Impulsive waves are important to me with my momentum strategy, as instead of chasing missed opportunities I simply take the next signal on the hourly, as the strategy is optimized for over 100 beloved equities (if enabled in options)! There is always another trade when SPY goes impulsive! Currently signals have fired on TNA, SPXL, SOXL, TQQQ & UDOW (3x leveraged ETFs) just to name a few. If that doesn't make you feel bullish then I'm not sure what will!