This is the weekly chart. For a better look for yourself... select: Ichimoku clouds... Bollinger bands... and 3 day chart!
Notice then, there is no obstruction (no clouds) between now and then. Currently, the lowest Fibonacci is at .36125 today alone! This chart that you are seeing shows that we could be inside the triangle until Feb 12th on the weekly.
Good luck traders and may the fortunes be with you.
There is no candles for analyzing, you cannot be serious. Weekly chart with 20 candles? After 1-2 years it can show something meaningful.
WizardOfRealms
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@nixel, open your trading platform and use 3 day chart... basing this on lower Bollinger band... see for yourself.
3 day chart - ichimoku clouds and Bollinger bands only.
I wouldn't put the weekly chart up if I had a 3 day chart on tradeview...
@WizardOfRealms, I did not have 3 days chart on bitfinex.
Can you put some screenshot here?
I am short too, but wait a proper moment to enter.
PS: We just cross down 0.85 again.
WizardOfRealms
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@nixel, don't know how to put my bitstamp screen onto this post... do you?
nixel
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@WizardOfRealms, Just use Print Screen button on your keyboard, paste image in Paint, save, and upload at some image sharing website.
WizardOfRealms
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@nixel, do this instead... go to bitstamp.net - (CLICK ON TRADEVIEW IN BLUE ON TOP RIGHT) you do not have to register... select xrp usd... indicator - select macd, ichimoku clouds, on the top right select 3 day chart AND see for yourself whenever you want to. I simply hate jumping through hoops and that will benefit you.
WizardOfRealms
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@nixel, if you are currently in this market you will lose money. I am on the sidelines waiting on the lower Bollinger band indicator.
abelgalaz
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do you still believe we will hit .23 or now higher do to the fact it shot up??
WizardOfRealms
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@abelgalaz, Yes I do... forgive this long post - please read.
@Crypto_Sid, Exactly. Sid with all due respect. You could go to BITSTAMP.NET and see for yourself. This is the exchange that I use. The oldest cryptocurrency exchange... You do not need to create an account to see it. Simply go to bitstamp.net Click on TRADEVIEW (in blue on the top right.) Then, on the left, select (XRP/USD). Then, on [INDICATORS] select:
BOLLINGER BANDS:
Note: all stocks, all coins follow the same structure... "what hits the TOP BOLLINGER BAND" ***MUST TOUCH*** the BOTTOM BOLLINGER BANDS...
Indicator Select: ICHIMOKU CLOUDS :
You will notice ultimately that there is no cloud obstruction... WHEN YOU LOOKK AT THE THREE DAY CHART!
Also know with clouds... "WHAT GOES THROUGH A GREEN CLOUD - MUST GO THROUGH A RED CLOUD" and vice versa. CURRENTLY, the red ichimoku cloud is at: .226 CENTS and WILL BE TOUCHED BEFORE IT BOUNCES OFF!
Indicator Select: MACD
You will find that both The red and white lines are down and I have been observing that they have both been going down further...
THE 3 DAY CHART is selected by choosing on the right... 3D
It is auto selected at 30 min chart (which looks impressive) AND will fool 95% OF THOSE THAT TRADE IN ANYTHING AT ALL!
Be aware, check for yourself, I am not here to school anyone (I promise).
I understand what "NaviedKhvn" has been saying and I cannot argue that...
I can only show the EVIDENCE of what is being seen THAT MOST PEOPLE SIMPLY ARE NOT SEEING."
Being blinded is not a fault.
There are many tools one could use at any given time...
But, the compelling tools right now are the ones I mentioned on the three day chart.
You can keep these settings while selecting on the TOP LEFT BTC/USD...
Then select 3day chart on the right and WITNESS FOR YOURSELF...
"Bitcoin" has hit the lower Bollinger band... and IS STILL ON A DOWNWARD SLOPE!
Everyone knows that the alt coins are following bitcoin... and we all know they buy into one pair sell off and buy into another pair... thats' beside the point.
The market is still bearish... Please use caution...