short squeeze incoming

😃

HAHAHAHA!!! thats funny @Roovdwalt

@Robzombie 6300 😃

hehehe

well

Need to get my coffee and see whats the setup for today

(I run a mining op and trade)

i am still confident for a short term up move, price found support around 6200 yesterday twice and since then moved back to 6400 this morning sooooo i guess price is consolidating...BUT the momentum is still an issue as you pointed out there is clearly resistance on the 60 RSI so no buyer confidance 😦

joh, XRP up almost 50% this week

Check 1h, head and shoulders

Right shoulder about to test the 6400 neckline

*6600

yeah we need to break above 6600 and keep up momentum, then the weekend will look good (eyeing 7k)...until sunday...sundays are never good for crypto

😃

hahaha so true...haters ganna hate

@Robzombie Whats your take on today?

uno momento

lol just dipped

well prices are still moving horizontally between 6200 and 6500. its difficult to say for today, as its testing support at the moment...we'll have to see how things go in the next 2 - 3 hours. but momentum is still in an upward trend ...soooo lets see how support holds if not then short term short.
to be honest i don't think it would hold, all alt coins are taking a beating and selling volumes are on the rise on the 2h chart for BTC.

I took a small long @ 6408

this week is going to be very volatile as US companies report in on the YOY sales, thus indicating the state of the US economy, plus major developments with US/China talks...so we'll need to check how the equity markets effect crypto.

I intend closing it today 😃

so what do you think? long...thinking it is going up today?

Yea, I always go in and exit margin trades the same day

possible up until US East is awake

well if it holds support a long would pay off. do you think we could see any major movements soon...either way, from 6400 to 6000 or 6400 to 7000?

Up id say will test 6850

Down could go to 5050

yeah...tough week for us 😦

this horizontal range makes it difficult, no buyer or seller confidence

I find Monday's are always a bit shit

i concur

5min for that hammer to close

30min forming bullish harami

hourly closed with a kind of hammer and bottom tweezers

yeah...and it seems support is holding

Long closed @ 6455 ~ 8% profit