Sorry for so much confusion as there is certainly all of charts out there confusing me. Both BULL and BEARISH CHARTS.
Wanting to believe that they are right and I am wrong... Not wanting to miss out (FOMO) - Human Nature filled with emotions.
Thank you all sincerely for your input. And, Ty London55555. And, Ty abelgalaz's for your comments as well. Stating remember last January 17th and 18th where it took off followed by a drop until February 8th to now!
A DROP below .74844 means it is going further down and currently, .69365 is a green target on the 3 day chart. And, .72169 on the 6 hour chart.
Because I am seeing a FIB LINE on the 6 HR CHART @ .18435 I am again confident my buy order should fill @ .21593
However, reconsidering the names mentioned above... and my original explanation for the three day chart and ichimoku clouds I understand the market is manipulated and my original trade idea should still be active. May good fortunes be with you!
The Wiz.
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Reading Magic Poop Cannons (TA) on BITCOIN is interesting and if it is going down based on his analysis and two others he lists just below him (in their TA's) Then, BITCOIN may very well be going down as it has failed it's third attempt to break and as he says is now just below the 50ma. if Bitcoin goes down, then so does the market per say.
I am believing once again the BUY TIME is between Valentines Day (as a falling knife) through the 17th of February.
4 Hour Chart @ 8pm db.tt/8zBNjx1mE3 Coming back inside of the RED Ichimoku Cloud showing further signs of going down.
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Good morning everyone. Currently the One Hour Chart reminds me of the 4 Hour Chart. Look on the 4 Hour Chart, scroll out... roughly January 9th! Green Cloud - need Ichimoku active! Because you see the Red Cloud to the right and things went downhill from there! The HIGH was $2.35 and the LOW was .56270 a drop of: 1.78 (a 76% Drop).
HOWEVER... Majic Poop Cannon says that the 50 ema is the TEST here and if it can hold along w/many bullish indicators... it might go up. We all are on a wait and see approach. Believe the market to be heavily manipulated. And alt coins following BITCOIN...
Heavy consolidation? Or, will it drop? We are watching...
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My current BUY SETUP covers both angles of XRP "So, I can relax!!!" Trade at your own risk! db.tt/m0aAcxlaqQ
And, may good fortunes be with you all.
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Again, I had written an excel program months ago... and I am now using it. Take a look at the above link if you are curious as to what I am doing with XRP.
The program is to keep me from going "all in" and allow me to see my average price per coin as I buy in at each level.
@rusty_hawk, I KNOW RIGHT - GOING TO POST UPDATE ON THIS!
NewYork888
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As much as I respect your work you're trying to create a synthetic Iron Condor which so many consider the "holy grail" of trading and it's really not because as sure as im writing this with XRP both sides of the trade will eventually move against you. That said we love your work and we wish you good luck with the trades!
WizardOfRealms
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@london55555, Thanks London
gusccbb
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Hi, how far do you think we will go? Support in 7.75k was tested 3 times. Do you think it will break again towards 6k? Tks
WizardOfRealms
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@gusccbb, if you are referring to BTC, I do not trade BTC and MagicPoopCannon would be your guide for that. Sorry.
Also AlanMasters provides some great (TA) @
gusccbb
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@WizardOfRealms,Thanks, I'm consulting you for BTC because it's setting the pace for now. It seems to me that while the bearish trend continues, the other currencies will not move independently.