Using the 508 M.A. on

[@bobbyjenkins2565]

Great information. I like it🎉

[@boletterosenbergstengaard4044]

💪

[@RyanZapss]

Hey im struggling to create/find a MA that has the same properties as yours, could you link yours or show how to create it mine aren't lining up nice as yours and cant find one with the same smoothing options.

[@MetaShackle]

You want a standard moving average. Length 508, Source close, offset 0, smoothing line SMA, smoothing length 9. This only works on the 15 minute chart. Also, make a second one with the length of 805, and run the two together and see what you see.

[@RyanZapss]

@@MetaShackle thanks got it really appreciate this man! cheers to you

[@MetaShackle]

@@RyanZapss To you as well, Good luck!

[@ItsThaKingHomie]

ruined at 26 november 08:30 gmt +0

[@MetaShackle]

It's not ruined, it just gave us more information. I don't tell the world all my trading secrets, but here's another one. Now that the price has violated the 508 DMA, add the opposite - the 805 DMA, and run the two simultaneously, this will create a 'zone' for when price is trending down to help judge entries and exits for short positions, as well as long positions. And remember, "For every action, there is an equal and opposite reaction." - Newton's 3rd Law.

[@MetaShackle]

On the 15 min chart. Remember, nothing in trading is 100%, so choose your positions wisely.

[@Jonnyrockin71]

Woke up to a smash through the 508. Hmmmmm.

[@MetaShackle]

Indeed. I ended up getting stopped out of my first trade. Then, went short on the retrace and made a nice 5% profit by early this morning. Once that first candle closed below the 508 I knew the pattern was likely cooked. If XRP is going to gain ground again, it will likely be when the stock market is closed and nobody is paying attention, as there's an early close on Friday - through the weekend.

[@MetaShackle]

There's a good chance that XRP could go down to fill the gap at the $1.19 level and take out the sell-side liquidity anywhere from $1.08 to $1.16. There's no guarantee that will be the case, but it wouldn't surprise me.

[@MetaShackle]

The 400 D.M.A. is giving some interesting information since dropping below the 508 btw.

[@MetaShackle]

On the 30 min though instead of the 15.