Alts are dying against BTC, XRP is no different. Token approaching very strong supply zone which should hold and mark the bottom against BTC. From today's price we can look for another 12% decline until we hit that green box.
Bitcoin just completed ABCDE correction and is heading towards 16300$ (1.236 Fib of wave 3). Check my previous idea on Bitcoin weekly to have a better understanding of macro outlook.
Like always, some OPIUM for all xrp lovers. I had this pitchfork drawn on my chart for months now, I thought I'm gonna share it with you all. XRP is too easy to predict looking at this chart. Using LOG chart it's clear what's next. Any spikes below lower warning line should be the bottom for this cycle. Very safe play would be loading on XRP after it breaks...
Gold broke important 1420$ level on monthly chart. If XAU/USD can sustain the gains and even close above 1500$ in August, then we might have couple of months in 1530-1500 range with possible spikes to 1579$. We are literally sitting and that crucial 1495-1500$ zone on weekly, which I believe is bullish. Failure to close above 1500$ on monthly would signal a...
Silver is out of range on weekly. Closing above 16.60$ and retest of greenish box might give as a boost to 18.68$. Not much to add here. Precious metals are in very early stages of huge bull run.
Hello everybody! I am back from vacation and decided to share my thoughts on BTC/USD pair. (*Going to do more on other pairs too.*) Bitcoin needs to close above 11490$ on weekly to get a chance for 16000$. If we close below, which I believe is not likely - more consolidation and decision time might extend for at least couple more weeks. Only weekly close below...
Hi. I've been very busy and couldn't post more. Not going deep in techincals as I'm using my smartphone fore this idea. I don't know how many times I've seen this false break-outs to either direction. Btc should consolidate within 7850-8050 range during the weekend. People who day trade might want to buy at GREEN zone (7820-7870). And RED zone (8200-8240)...
Hi everybody, Drew this long term curve with much more realistic prices than I posted in my previous idea. Have a good look at where we are right now. You can draw a medium curve inside of that bigger one and then determine of where we are going next. I see more sideways action until we closd above 0.70$ on monthly candle. 7-9$ per xrp is very realistic looking...
First of all, I want to draw your attention to similarities of today's price action and what we saw in 2015. Bitcoin bottomed at 150-200$ back in 2015. While xrp was at the peak. After that we had a VERY long accumulation period. Bitcoin went up and up, while XRP couldn't hold any pop up. This token was lagging behind Bitcoin, but once it broke that...
I'm using Log chart on monthly time frame. Dow Jones Industrial currently trading in very similar fashion of how price action looked before Dot-com bubble. Index must break 27000$ and trade above it for a while in order to continue higher. If we cannot get above recent top, more choppy action to follow based on almost identical structure we've seen before. If...
Bitcoin is in strong daily channel up. I made this Elliot wave count on recent waves. We're seeing these bullish triangles and keep making new highs on 4h. Although we are struggling to make larger moves to the upside. I see final push higher to 4143-4159$ region if we can hold 4060-70 on 4h. Failure of climbing higher than 4190$ and closing above would cause...
Bitcoin is facing strong longer term resistance(Black trend line). I don't think we will break it before we test 3500-3600$ support. I see this Elliot wave as a possibility.. Tried to make it as simple as possible for you guys. It's not precise so use it only as a guide and on your own diligence. Shorting every pullback. I'm not buying until we breach Long term...
In given chart I'm showing you almost the same structure that happened before in this descending channel. We might see one more re-test of 0.236 and then go much lower looking on daily. Good risk reward trade with TP at 0.618. Trade with caution! Hope you get something useful out of it. FX:USDCAD
As you can see on 4H we are ready for final leg up before going much lower. 0.786 fib extension is possible target. If you scroll back ant look at weekly perspective, you would see huge channel down. All 3 times we touched the upper channel trend line, we fell of a cliff. I don't see why it shouldn't happen 4th. Dollar index should go a bit lower before...
Monthly chart of Dollar index suggesting further upside. DXY bounced off 0.5 Fib with precision, broke 0.382 and now closed above 0.236 with a strong weekly candle. Retest of 102-103.5 is imminent in my view. * Consider US stock market topping behavior as of late, strong dollar would push stocks and commodities under more pressure. Although this is temporary...
Bitcoin already broke ascending triangle on a bit elevated volume. For a bigger move we would see more volume coming in. I see WXY as a possibility. Target @4040-4090. *We have Daily 100EMA at 4040. *Weekly fib resistance at 4090. Also if you make a fib retracements 1.618 is my target based on recent behavior. If you are LONG taking profits just above 4000...
We already have double bottom in monthly chart.. Although I believe we are going to see 10-12$ range before starting strong up trend. I'm not going deep in fundamentals of why it cannot reach that target. Odds would be against me. BUT if we cannot break 16.20$ and close higher on monthly, 10-12$ is on the cards TECHNICALLY. Even if we do not crush recent lows,...
Made this chart based on 2015-2016 chart. It is possible that we would not get lower than low of Dec 10. It's a speculation chart based on historical pattern. Although, if this is what we get than we are consolidating between 4500 and 3400 until ~ August. Long term bull run to start in the end of summer 2019. Also look at blue arrows, you can clearly see it...