groveguy

groveguy

After a swing failure pattern, SLP went into an 8 month long corrective wave pattern as you can see in the above given chart which ended with a 4x rally last month. 1) A daily close above 0.0195 can give you an entry. 2) A daily close below 0.01733 can get you out. 3) Stochastic has crossed up. 4) Accumulation and/or contraction zone is about reach a break point...

groveguy

So here is the monthly chart for XRP as you can see. 1) XRP is currently sitting at the rising trend line support while the top line is flat making it an ascending triangle and we all know that ascending triangles are bullish pattern. 2) We have a hidden bullish divergence as I have highlighted in the chart, which yet has to confirm. A close above the blue line...

groveguy

Well, the moving averages that you see in RED and ORANGE are 200 MA and 50 MA respectively. When 50 MA crosses down 200 MA it is called a death cross and that means if XRP fails to close above 50 MA on a daily scale ASAP this cross will happen and that means lower prices. Also I want to mention here that the basic reason for the XRP low prices lately is due to...

groveguy

Hi, As you see the chart is pretty self explanatory but I think words have their own importance so let me guide you what means what? 1. You see two green trend lines they are in coordination to ABC correction as we have now discovered that the run from 3150 to 13900 was a HYPER B wave in reference to the ELLIOT wave theory. (It takes nerves to come out and say...

groveguy

Hi, I believe anyone who has spend 6 months in the crypto market can say BTC is a contrarian asset, anyways I have sought out a short term bullish scenario if it helps. 1. IF and ONLY if we manage to close above 21 EMA on the daily and with it the weekly close also happens by Sunday, I believe we could see a short term relief rally. 2. Do not be fooled if this...

groveguy

Hi, Well, extrapolating the finite data, I think this should be pretty comprehensive. So the chart here itself is pretty self explanatory but let me guide some points here. 1. To be bullish or if I may say, see any upside soon we need to close above 0.618 fib which is around $7600 on a MONTHLY. 2. A side ways case could emerge if we get stuck between fib 0.618...

groveguy

We missed MA 21 weekly by a small margin. It could be concluded that we have tested it although we did not touch it which we could still witness but it is highly unlikely for BTC to break down from that, I see everybody calling it for months now but here is some more evidence from history where we stand in the above given chart. I believe we will have side ways...

groveguy

In order to close above 50 Ma weekly today we need to break this resistance that you see in a daily time frame. A close above this resistance will confirm that we will close above 50 Ma weekly but if we manage to close above 50 ma weekly and also at the same time we do not break this resistance in daily then we will have to wait for BTC to retest 50 ma weekly and...

groveguy

As you see here today the weekly close will happen and if we manage to close above 50 MA weekly that is going to be a significant move. Now do remember the close that we are looking for is the candle body close above this moving average and if we do that it will give us the confidence to say that we have now officially entered the bull market. In a shorter daily...

groveguy

So as you see here 50 MA weekly holds resistance right now and in past we couldn't break it in first attempt which pulled us back to 200 MA weekly. I'm not saying that history repeats itself but it can rhyme so be ready. I have tried to put as simply as possible both cases here is the link to bullish case. DYOR It is not a financial advice.

groveguy

As you see here we see a bull flag which has 70% probability of breaking upwards and in support we have bullish MacD cross as well the target for that can be seen accordingly. This is probable in a short term scenario but if we manage to close 'weekly candle body' above 6700 then we might not be able to see $BTC go back to previous levels. I'll also be posting a...

groveguy

As you see here its about to touch down at weekly 200 MA which attracts all the heavy investors and just below that you'll find the long term trend line as support as well. I have kept it simple and easy for you to see as it is all about support and resistance.

groveguy

As you see here in weekly time frame we are resting on top of the weekly 200 SMA which I don't think will break as support. Looks like accumulation phase and with the larger picture forming it can be a cup which according to one scenario of Elliot wave confirms. I see it bullish because the market as a whole is picking up volume that would be great for most of the...

groveguy

1. If closes above the resistance shown in the RSI 2. Volume is the key here. ** DYOR It is not a financial advice.**

groveguy

1.Reached the end of the triangle 2.Already forming higher high's in the RSI 3.Also formed a higher low in the price action 4.Volume is nice. 5.Red line can be used as a stop loss. **DYOR Its not a financial advice** TRADE SAFE!

groveguy Updated 

As you see here we almost completed the inverse H&S another sign of the rally coming now lets see if we can break though with some strong Volume.

groveguy

As you see we just bounced off of the support in the RSI MACD crossover about to happen Stochastic RSI indicating an upward momentum Black Support line could be used as stop loss Fundamentals are behind it TRADE SAFE! ** This is not a Financial Advice DYOR**

groveguy

Hi there, As you see here we have been bouncing from EMA15 and also forming a bullish divergence on MACD Trend based RSI level beneath EMA 15 can be used as stop loss while the target can be a double top . TRADE SAFE! ^^DYOR ** Its only meant for educational purposes.