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Positive Trends

04/20/2019 10:51

What is lurking in the shadows?

Things look great for cryptos at the present time. And my assumption is always to give trends the benefit of the doubt -- that periods of uncertainty normally are resolved in the direction of the dominant trend. I view the dominant trends to be up. But, there are several things that would tell me it is time to check our enthusiasm.

 

A decline and close below $151 or so by ETH would be a yellow flag.

 

A decline and close below 60.00 by XMR would be a yellow flag.

 

A decline and close below $4778 by BTC would be a yellow flag.

 

A decline below $.3100 by XRP would be the biggest yellow flat of all -- and a move below .$2800 would be an outright SELL signal.

 

For now I am holding strong, but one always needs to know where the exit doors are located.

 

plb


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  • 0

    Thank you, Peter!

    W
    Submitted 1 month ago by G Lebowski
  • 1

    This may be the best post you’ve ever made… at least for me. Thanks!

    L
    Submitted 1 month ago by Cryptrader
  • 0

    Thank you :)

    Submitted 1 month ago by HoWoo76
  • 0

     

    Hi Peter ... thanks for all your great analysis! You have mentioned many times that XRP is manipulated and you see it on the chart which I dont doubt but could you please explain the implications of this going forward? if its manipulated wouldnt it mean that it will be pushed up at some point so "they" could sell at higher levels? Why do you see this as a really negative thing and advise people to get out if it breaks down? I would really appreciate your expanded explanation on this. Thanks in advance!

    Submitted 3 weeks ago by Kiki

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