cbistriceanu

cbistriceanu

Here is my view on the current chart of BTCUSD. The price has moved and impressive 340% on the EW 3 since the end of November and the time for a correction is fast approaching. The fibonacci extension does have more room to go to $50k but with an excessive MACD way higher than 2017 and also a very high RSI, such a push may seem improbable. If history repeats...

cbistriceanu

Is it possible that the tech market is now in a second bubble? Although the valuation of the top 5-6 companies is accurate, what would the rest of the 455 stocks of the SPX are signalling on what is going to happen next? In my view, I believe that a few signs on the chart of the SPX does seem to indicate that a correction is due. There is a current bearish...

cbistriceanu

This is how I view the macro trend for XRP\USD at the moment. I expect the accumulation phase to carry on until August/September before a serious move to the upside confirming a change in the trend. The price may touch again the $0.11- $0.14 zone for a double-bottom pattern confirmation. The fundamentals for this asset are now stronger than ever and the catalyser...

cbistriceanu

If this bullish pattern completed as expected we should see a large more on the upside for XRP. Combined with the incoming "golden cross" it seems that a reversal of the trend may just be around the corner. Personally, I am still very bullish on XRP and I have been buying steadily each month for the last 10 months. The key levels that will need to be broken on...

cbistriceanu

On the daily chart of XRP\USD a diamond patter has seems to have formed. This usually indicates a major bullish indicator and a possible trend change. With the 21, 26 and 55 moving averages being very close to each other under the 100MA we should expect all three to cross. The RSI does still have room to move on the up side before hitting oversold could indicate a...

cbistriceanu

Yes, I am still long on both XRPUSD and XRPBTC as this asset has the strongest fundamentals in this market. There is a good reason why XRP has the most FUD in the market. The 100MA has already crossed the 200MA which represents the second "Golden Cross" event not long since the first one. A small retracement may still happen over the weekend but on Sunday,...

cbistriceanu

While another revisit for XRPBTC at sub 0.00005000 may be possible a quick reboud would be expected to see the price reaching a new ATH. The critical level where XRPBTC currently sits will be defining for the pair. Therefore, I am bullish biased looking at this chart and I would expect a big move from XRP within 2-3 weeks time. The RSI has plenty of room to move...

cbistriceanu

Looks like the accumulation period has extended and we're still in it. Would the next Elliot Wave move be the one? Here are my thoughts on what had happened so far and where we may go from here. I would be curious to see if the resistance at $0.4750 will be broken this time or not. We now have two MA crosses on the daily chart too where both the 50MA and the...

cbistriceanu

As the title says, are we going to see the price of XRP\BTC shooting up or slide further down? This would be the second time when the price level will touch the suport line. Personally, I would think we may see another break on the upside. The reason for my call is also the immenent touch of the 50MA with the 200MA on the daily chart on XRP\USD.

cbistriceanu

The testing of the 50MA on the 4 hour chart could indicate the completion of wave 2. Later this evening we may see the wave 3 in action. See the updated chart. The previous one stil stands but I have adjusted the time frames.

cbistriceanu

While some data of the previous accumulation is missing on this chart to provide some more meaningul data I think we are not far off from a price move soon for XRP\USD. In about two weeks time we will find out where this is going. For me this is looking on the up side, so it is a good time to accumulate.