So.. now that we are in the 'Stratosphere of Crypto'
TNT Sunrise did some TA this morning posting a Fibonacci pullback to 21200
Such IS possible...if you do everything by TA
But sentiment and whale activity affect TA greatly.
They use it too.. and they work with it or against.
I do both TA and whale theory..
How to interpret my Charts...
I am a day trader of crypto. Doing this three years.
To make profits, I have to call price direction correctly 70% of the time.
Note: TA is right 50% of the time.
DON'T LET ANYONE ELSE TELL YOU OTHERWISE
For example...
a super POPULAR author (arrogant who thinks he is always right)
Did an XRP chart condemning it to .40 and below (yesterday or day before)
A statement by someone else in the room.. a humble newbie
said his TA showed the opposite...
And so did mine.
The comment I wrote got flagged and removed
All I said was that if BTC surged, the newbie would be correct
Mods tend to be overprotective of big authors
Which was wrong for them to do in this case...
But case in point..
Myself and the newbie were dead accurate
Lesson? Know your whales and think like one!
Forecast
Prices will continue to run up and down $ 20 to $ 25
Big FALL still coming.. after XMAS
XRP is a great coin with terrible technicals...
but you can trade its dips and make a killing
Just DO NOT STAY IN
BCH, Litecoin and Stellar also make regular gains
You have to chart them to predict when they respond to BTC runs