NorthernEdgeGroup

"My 5 year plan for NASDAQ's ETQ (QQQ)" Update: Nasdaq's ETF QQQ , has a historic support on the weekly 200 Moving average (MA) as shown as the dark blue line-indicator. I will do a brief TA breakdown of the indicators, charting & future steps. At point (A), we visualize the start of a zone-block & trendline rejection zones, which will later become a breakout point and wick support on point (B) in pair with a 200 MA indicator support zone. Now at point (B), we also see the same 200 MA indicator support zone, followed by a previous support zone-block visualized by a left arrow. Finally on point (C), we observe price action find support at point A's zone-block & MA zone, after rejection by 50 MA. What to expect: After APR 25, we see bullish price action and can expect to hit 'target', calculated by FIB retracements. We are visualizing this chart to foresee bearish price action that will trigger buy-limits at both buy zones (555.60-493.80), with a trailing stop-loss at 388.00, being activated at 400.00-407.00 zone-block. Indicators & Tools: 200 & 50 SMA, FIB RETRACEMENT (-0.618, -27, 0, 0.5, 0.618, 0.786, 1), rectangle (support/resistance/buy-zone) & trendline. Below is the link to the original idea. https://www.tradingview.com/chart/QQQ/IC1tQnSq-My-5-year-plan-for-NASDAQ-s-ETF-QQQ/

This is not meant to be a complete idea, more for tracking purposes. A full BTCUSD idea is coming later today. Check the references below to compare the years BTCUSD has rallied upward. References: 2013 2017 2021

I’ve included two percentage ranges to 1. Bring into perspective the amount of risk I will take & 2. Contrast the risk to reward ratio of such investment. They will also be a reminder to account for manipulation as was seen Jan 2017 before the rally. https://www.tradingview.com/x/FIjsAMn6I also invite you to view my previous prediction of XRP back in 2020!

I believe we most likely won’t reach 12,000 mark but always have a contingency plan. This is just an observation of a trend, nothing more.

I’ll most likely get rejected around .37 price range before we do go to .41, where I will sell that position out. The price of .36 give or take might be another buying opportunity (SHORT TERM) I will keep updated on. Our other long term position that was hit is something I’ll just let time take care of, especially with XRP. If by any means we do drop to .32 again I recommend to enter another 30% total funds allocated for CRYPTO . These are very rare buying opportunities that will pay in the future, even if we do break .30 support I’ll hold my .31 position for at least the year.

Aiming for 20-25% profit with a 3.5% max loss for our first position, I don't expect XRP to hit the second lower position but always have a contingency plan.

Some wick manipulation here and there, I’ve personally gone long closing one of my positions at around 35% profit and a yolo amount to close at 63-80%.

Personally I’ve chosen to go bullish for some fun profits.

XRP