![](https://steemitimages.com/DQmdpt27Rfy7ySGJDVHdVGTyNxvD1hiBJhf4TqspnmCA4Zp/image.png)

<h2> No solid confirmation of uptrend</h2>

https://youtu.be/zEhli-tR6xY

BTC slightly attempts to break 55 EMA on a 30 minute chart, but is rejected with a long wick, which implies that even on higher time frames, it's not possible to be supported by 55 EMA. Also implies that even short term, a short term uptrend cannot break this 55 EMA as support.

We may now test 10K again and if that does not hold, we'll test sub 10K regions.

![](https://steemitimages.com/DQmXyuuXFugAPXuAcPJxw7KRVwrdX6UZhwEE87L4928EG6V/image.png)

-------
XRP breaks above the 55 EMA, but is instantly rejected and broke below, which gave a short term uptrend, though downtrend continues further until solid support is identified. Support regions currently stand between $1.12-$1.20. If these regions fail, we will test $1-$1.12 ranges again. 

![](https://steemitimages.com/DQmSKv6uV9S4RXfooMZRuKgXoJrTHiHb9K3xGxQzzKrXqZD/image.png)

<h2>Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders</h2>

Please consider these videos:

[Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex](https://steemit.com/bitfinex/@philakonecrypto/bitfinex-how-to-customer-and-set-up-bitfinex)
[Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy](https://steemit.com/reading/@philakonecrypto/tutorial-part-2-how-to-analyze-candlesticks-charts-with-strategy)
[Lesson 3- Let's learn Moving Averages](https://steemit.com/trading/@philakonecrypto/video-tutorial-series-to-help-beginners-let-s-learn-moving-averages-like-a-boss)
[Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy](https://steemit.com/bitcoin/@philakonecrypto/tutorial-series-video-4-let-s-learn-relative-strength-index-rsi-with-advanced-strategy)
[Lesson 5 Let's Learn MACD and Histogram](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-5-let-s-learn-macd-and-historgram)
[Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-6-let-s-learn-margin-trading-long-short-leveraging)
[Lesson 7 Let's Learn Basic Risk Management](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-7-let-s-learn-basic-risk-management)
[Lesson 8 Let's Learn Fibonacci Retracement Part 1](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-8-let-s-learn-fibonacci-retracement-part-1)
[Lesson 9 Let's Learn Fibonacci Extension Part 2](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-9-let-s-learn-fibonacci-extension-part-2)
[Lesson 10 Let's Learn Laddering](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-10-introduction-to-laddering)
[Lesson 11 Let's Learn Time Frames](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-11-let-s-learn-time-frames)


Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1

If you enjoyed this video, please like, subscribe, follow, share, upvote, or donate to Luna!

Luna's personal bitfinex account:

BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD

The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

DISCLAIMER:

Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.