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BTC & ADA - Bullish Divergence (Daily Chart)

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- Double Top with Neckline breakout on volume - Price below SMA

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Uptrend: - Above 20 SMA - Higher Lows

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- Price near resistance of price channel - Hidden Bearish Divergence showed on RSI and MACD - MACD cross near - Stochastics on top

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Entry: 7800 Target: 6900 Stop: 8100 - Great Risk Reward - Hidden Divergence Forming - Stochastics turning down - RSI bounces off from the 60 level - Continuation of the downtrend

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- Continuation of major Down Trend - Bearish Hidden Divergence - Low Volume - Bull Trap

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A reflection on Ripple market cycles.

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FA: - Alts going down because of BTC correction. - I think BTC can go near 5200$ in a couple of days (0.618 Fibbonaci Retracement of the last rally). - Many BTC rallys had a 0.618 retracement . Entry: - Below $2.6. - Great entry due to low price. Its very unlikly the price goes any further down ( wedge triangle support line). - The price it's in a 0.768...

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FA: - Alts going down because of BTC correction. - I think BTC can go near 5200$ in a couple of days (0.618 Fibbonaci Retracement of the last rally). - Many BTC rallys had a 0.618 retracement. Entry: - Great entry due to low price. Its very unlikly the price goes any further down (wedge triangle support line). - The price it's in a 0.768 retracement of the...