Who knows his shit doesn't waste time.
Two possible points of views. BTC has bounced off the 7625 strong support level. Will it reach the next strong resistance level? We'll see... BTC tends to form complex xyzwxyzwxyz correction models. This tells us, that the correction of the bullish trend isn't probably over yet. We'll most probably see another few dives down to 7400 level before the correction ends.
Don't trust this rekt coin. Even in the latest constrained bullish surroundings (all-known btcusd pump for that January), it shows such a bearish picture. I believe this coin is gonna dump ONE MORE TIME, and deep. Probably down figures again. It must correct - the waves are sooOOOo bearish that the Papa Bear himself couldn't draw better, even if he'd been the...
Expecting XRP to drop one more time before the high-table speculators kick in. It is still uncertain whether the price will pump. Better be bear, than sorry))) For a while. See the levels. I don't believe that the bottom is in.
Look at this nice 8333 support forming. Gotta play out for sure!
This is probably the most important value one should consider in this position... The nature of algorithmic trading makes this level very important for a wave model analysis. See the charts below...
I checked all latest retraces, the most common values is 0.5-0.618. We are almost touching 0.618 of the shortest fibo grid, and already passed the 0.318 and 0.5 values of two other possible perspectives' grids. Confirming that the possible bottom is, possibly, closing right now) Buy this dip) While you still can!
Simply providing a picture of the fibo retracements in terms of the second perspective. Plus, see on RSI 48 a noticeable buy signal. Buy, buy, buy!
Looking bullish, the price above 7667 is ok in terms of rally continuation. If we fall below this value, keep your heads up - means the bulls lost. But for now the defenses are giving a helluva fight and the bulls are getting only stronger as the price goes down))) Time is to hodl, gentlemen!
This is also a valid chart. Gotta have to consider both charts. What if this is a first leg - the whole upwards movement since December?
This is possibly another good opportunity to hodl another portion of BTC while you still can afford it! The beloved by market makers tripple zigzag formation has just finished evolving. See xyz-w-xyz-w-xyz group. And some strong bullish divergences on 5m confirm it. Let.s run this rodeo, bulls!!!! Prepare for the lift off! Await further confirmations from the...
I have lost the description, and... one who studied the theory doesn't require the explanation! So I'll be very short. The accumulated above 6.5k in the last few weeks massive group of initial waves(1-2-1-2-3, 1-2-3-1-2- or smth like that) seems to be planning a MASSIVE invasion over the 9k+ region. I mapped out (with all the cautiousness one ever may...
The very same idea, but the chart is m30.
A basic fibo declares the last z wave still missing, thus confirming the coming dump to 0.14. 0.14 - this may easily be the true bottom. A lot of signals confirm. A lot. Remember - don't long it until the last Z formed. Safe to short now. But be prepared for the incoming trend change!
This is more art right now than real science. But I've got a very good feeling about these fractal relations in somewhat golden proportions. They tend to work most of the times. TP levels see on the above chart.
Continuing the analysis on XPRUSD. See the previous three ideas, they are all parts of the same analysis (in the Related Ideas below). The chart tells all the data. I have spoken. See the charts closer and not so much: Pay special attention to 4 facts: 1.We are experiencing low volumes(consolidation phase) for months really. (the same happened already...
Welcome to everyone interested in the Ripple coin! I'm expanding my analysis upon this instrument as well(see my BTC posts). This idea is the root idea every other post on Ripple will be related to. I base my TA on the widely known Elliot's Wave Theory (influences as well: Prechter, Voronin(ov?), Frost). The base wave map will be carefully analyzed and all the...
I need proof! Do you wish to see some proof too? Walk with the General through the garden of Xyz, and nail every correction ever happened to XRP under the moon... As I explained in the previous idea #1, we can observe exactly 11 waves long correction wave model. This is one of the most widely encountered correction patterns in the crypto market on higher...