Pepe0722

Pepe0722

Ok, long time since last post, it has been a very bloody 2018, but seems like the sun starts to shine. Lets see what we have. As you can see in the analysis I made early in January 2017 (you will find it below attached), I was early anticipating that the correction at that moment may will be longer than expected and that may be we could be in a real Bear Market...

Pepe0722

Not much to say that the chart cannot say by itself. - XRP has broken successfully on April 12 the big falling wedge and find support on the $0.62 - $0.64 area. - It formed a Bullish Flag Pennant on the 4hr chart, that has already been broken to the upside, next target is around the $0.88 area, which is the potential upside of the flag pennant pole. - The $0.88...

Pepe0722

After a massive selloff we are entering in a bullish Market in the daily chart. It is too early to call for a Head and Shoulders pattern, but you can see that, it seems that after the failed H&S formation of March 5, it start forming a new one, the Right shoulder which failed and ended in a bearish run, appears to be the Left shoulder of the new formation. Also...

Pepe0722

Ok, here we are once again While some Crypto (principally BTC and LTC) are making it huge on its bullish rally, XRP has standed up as the special cousin that don´t know what to do. It has been trapped for the last days without taking decision on where to go. Lets analyze XRP moment. - As you can see, and the chart speaks by itself, XRP formed what seems to be...

Pepe0722

Ok, here we are again. We have seen BTC having a very good bullish rally over the last 10 days, but there are still things to consider before we can say we are completely bullish. - For the next target of the actual bullish short term trend, BTC will have to achieve somewhere around $12K, this, considering the target of the inverse H&S pattern which is put at...

Pepe0722 Updated 

We have XRP starting to look bullish, let´s see why. - The double bottom failed piercing the lowest support of the correction at $0.88, this is something that we were expecting since our last analysis (you can find it attached below) and it achieved perfectly, entering the buy zone (the pink box) and rebouncing strongly after touching the lowest support of the...

Pepe0722

Ok, here you have it. After mostly perfectly achieving the Bear Flag formation and target of the last analysis (you can find it below), now we are seeing XRP trying to get back. - It have achieved a 100% retracement/correction of the last upside of January 17, having XRP making a double bottom at the moment. - We have TWO very clear bullish divergence over the...

Pepe0722

- XRP is forming what seems to be a bear flag, this pattern is usually a continuation sign of the actual trend, this pattern is showing us that there we have a last potential downs to the $0.88 area and maybe below (to determine where a flag pattern may end, you have to use the extension of the pole, and once the flag is broken, the price should achieved the same...

Pepe0722

By now, BTC is struggling to maintain inside the triangle that has fully respected, touching the resistance twice before, and rebouncing from there. In BTC Coinbase chart , price broke down but it came back to the triangle and close exactly in the support of the triangle. BTC is in a symetrical triangle that has not defined yet where to go, and has been forming...

Pepe0722 Updated 

As we have been following, BTC looks very bullish for the first time since January 6, it has broke up the downtrend line, and it also break the symetrical triangle pattern with 2 very convincing candles. One that puts BTC to test the downtrend line resistance, and another one to confirm the breakout. Next move is BTC may go upside for the next week to the next...

Pepe0722 Updated 

We are seeing a descending triangle pattern on XRP hourly time frame. Usually this pattern is a sign of a continuation on a downtrend, but there are some interesting things to analyze. - Stochastic is in the low area of the channel, and has just crossed, suggesting an upside movement is near (not matter if it is not to agressive but, considering that we are in...

Pepe0722

If we take the all big picture of BTC since 2011 in a Weekly chart, we will notice some interesting things. - It seems like the upside run for BTC might be in the end of a 3rd Wave impulse out of a 5th Elliot Wave Cycle. - If you look closely to the Stochastic, you will see that at the end of the 1st Wave, the indicador shows it was oversold, giving a sense that...

Pepe0722

Seems like XRP breakdown the symetrical triangle in a very solid movement. It failed to reverse the downtrend and now is going down. Next step, 1.13

Pepe0722

KRAKEN:XRPUSD I was analyzing what is happening with XRP and I found this seeing XRP/BTC chart. I have to say that I´m bullish on XRP and actually I´m trading a long position since last week. But have to say that this really caught my attention as it has a lot of similitude with the development the pair had in the past and it has being using some of the main...

Pepe0722 Updated 

- We can see what seems to be a inverted Head & Shoulders pattern. Price has broke above the neckline (blue line) and now is retesting it as a support, what should happens next to confirm, is a strong movement to the $1.5 area to confirm the pattern and the trend reversal to start Wave 3, in other way, if XRP close below the neckline and returns to the downtrend...

Pepe0722

Some interesting thing over here. - See how, for the first time since the downtrend starts after achieving ATH, XRP is breaking out the downtrend line in the 1hr time frame chart. Although we have to wait to confirm it is not a false break, it seems like trend is in a reversal move, we´ll see it in the next hours. - Also you can see that bears are losing...

Pepe0722

- See how exact is the development between waves 3,4 and 5 from the uptrend ( Wave 1 of the super cycle) and waves 3,4 and 5 from the downtrend (Wave 2 from the super cycle). - Both periods, from wave 3 to 5, took almost the same time (133 candles vs 139 candles). - We have reached a .78 correction level on fibonacci retracement. - We have completed 5 waves of...

Pepe0722

Ethereum is forming what seems to be either a Head & Shoulders pattern or an Elliot Waves pattern. Both have as price target the maximum achieved ($750 USD) still waiting to buy more if it falls to $600 USD if it complete Elliot Waves.