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
Better be bear, than sorry)))
For a while. See the levels.
I don't believe that
the bottom is in.
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!
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 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
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...
Just a good idea( with the help of Sampdm8 , respect! ).
Will track it for a while for fun.
This is a Descending bullish Triangle.
In bullish markets,
while being formed as a correction(always)
relative to the global bullish trend,
signals about the PARENT trend continuation,
i.e. the previous movement continues...
not vice versa!
I don't like to speculate too much, thus I am very cautious when mentioning
anything further than a few days from now on into the future.
This idea was born as an answer to the question pitched
by fellow trader - nickrandy1 . Respect!
Simply two charts. The #1 major reason why we are going sky up
is mapped above - the FINISHED correction model...
This is a continuation of the analysis on BTCUSD
(see older posts to get the full picture).
The market is evolving exactly as foretold.
Now the new "impulse 12345+xyzwxyz correction" combination has been
formed, that means that the higher trend( global 12345 bullish trend)
is about to continue.
Also there's some confirming this divergences, on 5m.
I guess 56 hours of non-stop analysis payed off
in a form of followed 56 hours of pleasant observation,
of how the forecast predicts
with 95% precision all the price movements)))
Now this is the time for the bulls to get into play.
Probably on Monday, or even in the following 4-5 hours
we will observe a huge price.
A lot of confirmations kicked in,
The view from the above.
See the very same pattern?
It is the expected hard trend breakage.
It is already happening!
That's why there's so many confusion around.
The same pattern, the same conditions, the rally is still on!
If we fail then a new WXYZ will form:
The failure can be confirmed with the price moving below...
Always prepare for the worst. This is the mmost bearish scenario I
This is the plan for the battle if a longer correction takes places...
And it seems that we are sliding down to 6800.
at least 1 group of xyzwxyz corr.waves is coming.
Finally we are observing some volume - that is good news!
A very strong triple reversed bearish divergence c.A has just kicked in.
This is a sign of a great bearish pressure.
But a small return fire finally came from the
(asian? already? hard to keep up with everything...)
markets and we have consumed a lot of the impulse related to this divergence
by another small divergence - but this time a reversed bullish...