Keep in mind these two possible scenarios, they could play out
Currently, BTC is moving in the expanding triangle pattern This scenario valid until we have the resistance between 38.2% and 23.6% of Fibonacci retracement level and the price dumps from here
1. Yellow boxes looks similar 2. Fed officials say bond taper could still start this year, November 3. Mid-autumn festival of China on 18th ~ 21st of September - there were huge drops before
The current patterns moves exactly as the market crash on 5/19 and also bulls of BTC has no strength so far Therefore, there will be one more time for bears
1. W 1/HH 2. Maintain between 0.382%-0.618%(50%/61.8%) -W 2/HL 3. Both side reached to 161.8% - W 3/HH 4. Candle closed on 100% both on 127.2%- W 4/HL 5. Maintain 127.2% and bounced to under 127.2% on Fib. wave 2 and wave3 - W 5/HH
XRP is drawing short corrective phase Wave ABC -Wave A on 8/1 Gan fan line and Waves B will be high as left shoulder -Wave C will be go as much as Wave A falling if it goes further then TP: $1.14 - $1.25 SL: $1.08
XRP is drawing short corrective phase Wave ABC, if it goes further then TP: $1.14 - $1.25 SL: $1.08
1. W 1/HH 2. Maintain between 0.382%-0.618%(50%/61.8%) -W 2/HL 3. Both side reached to 161.8% - W 3/HH 4. Candle closed on 100% both on 127.2%- W 4/HL 5. Maintain 127.2% and bounced to under 127.2% on Fib. wave 2 and wave3 - W 5/HH