Bearish flag pattern of past week scares everybody who hodl that coin. We think it could be even worse, theres a big possibility Ripple can break to 80cents and then slowly recover after few hours/days. In our It'll be very fast race, as you can see at the chart, breakdown could happen tomorrow, but no one knows, XRP market is very unstable and forecasting it is...
To those that asked me yesterday, I indicated that if we cross $11,900 (GDAX prices), that would trigger a short-term buy signal from which we could get a range projection target of at least 800 points. As I write this, we are seeing a gain of 1000 points, give or take, and now the question turns to: "how much higher can we go?". BTC' has ignored the overbought...
Currently, we seem to find ourselves at a crossroad yet again. Is this truly a path to new highs? Yes, overall Market Cap has greatly increased, that is a clear given. Is institutional money already pumping futures-like volume in this sector? Yes, but haven't they already been doing that all year? Regardless, I digress. the blast through $8k is anything but a...
Currently, we are seeing BTC test the $6000 resistance which was attempted and rejected earlier this week. The upcoming Segwit2x fork is definitely in play here as we are a little over two weeks away from the 494784 block being mined (fork block). Current projections have that happening as of 10/16/17 (Thursday, November 16, 2017, 5:53 AM - per respective...
Over the weekend BTC crushed through the $4400, $4500, and $4650 levels. Who knew that the $4900-$5100 area could be in play so soon, and now its very tricky up ahead. I still have not taken in profits from the trade entry point of $4200, but have tight stop losses around this current level. Perhaps, I may exit if I have to catch some sleep. Only doing it so today...
The short-term consolidation that took place over the prior couple days appears to be slowly fading away as the $4150 support level held overnight. The ongoing post-crash advance, albeit slow and without fierce momentum at the moment, appears to be continuing. Crucial resistance still ahead as we aim for the $4400 level yet again, more resistance is found near...