It’s been an exciting few days...especially if you’re a bull. We’re seeing continued signs of strength throughout the market. EOS and Ethereum have broken above key areas of resistance, while Ripple has been on an unnatural bull run that smells of insider trading. I discuss this more in my video analysis at the bottom.
EOS Key Areas of Support/Resistance:
Ethereum Key Areas of Support/Resistance:
Ripple (XRP) Key Areas of Support/Resistance:
Volume is steadily increasing and market sentiment seems to be shifting in favor of the bulls. Shorts are falling off the board as longs begin to rise. It would be easy to FOMO in at the moment. I would encourage you to exercise restraint. It’s not a bad idea to dollar cost average in, but take it slow.
In today’s video analysis, I discuss where price may go from here, traps for avoid and MUCH more.
Video Analysis:
If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
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by Workin2005
Good advise! I missed the low low of early this week, and already got wary... but you re right. Patience is the key as always...
Thanks @conceptskip. I believe there will be plenty of opportunity going forward.
Another solid price analysis post as usual, thank you! I have the same feeling you do: If someone is ready to buy in (especially XRP) take it slow and wait for the short term selloff so you don't pay this week's top dollar price.
Thanks @spivey
Best Content in Crypto-Trading!
Thanks @alpacho78. ;-)
People love to FOMO. I'm on record early this year on my radio show telling people if they bought BTC at 19K I would find them and punch them in the mouth LOL.
Haha...I hope they listened to you.
Starting to look at my ETH position and thinking about moving into something else with this latest ride but may wait until we get some better signals. Looks to be an interesting weekend.
That's a tough call.