reycripto

reycripto Updated 

Just an idea. The chart explains itself. We'll see how it plays out. I think up.

reycripto

Short term several traders like @haraldoxrp @pentosh1 @360_traders have noted BTC might go to $18k before moving past $20k. XRP has a similar scenario except it takes a lot more to move this coin. In this scenario I agree with Haraldo when he says XRP could drop to 40c more or less before moving on upwards. If that support breaks we are looking at a possible...

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It's weird. ETH chart shows a bearish setup while BTC chart looks willing to bust above 12k. I'm currently in an underwater short that I could close but my intuition tells me price is going way lower for the moment. The brief hope to cross 12k I think was created by whales manipulating the market, as proven by the previous million-dollar sell walls that drove ETH...

reycripto Updated 

That falling knife had the XRP community holding its breath for a few minutes. The last line of defense. I don't need to say much. EMAs look grim but reversals have happened in scenarios like this. Look at Fisher Transform, tell me what you see. Gigantic double bottom formation. Break coming in the next weeks/months. Have your bag ready.

reycripto

I can see a double bottom forming for BTCUSD. BTC dipped under the 150 MA but held at the previous support (roughly 3700 on Bitfinex). If this level holds on several time frames I can see Bitcoin climbing above the 150 MA, which would "sling shot" the price well over the 200 EMA on 4h. You see this sort of squeeze often, look at historical charts and see how...

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I posted a similar chart for XRPBTC. I expected a pump despite the general bearish sentiment, likely a bias after a year-long downtrend. I was not wrong. We saw a typical impulse upward with 5 waves with an ABC correction. I believe this is wave 3 starting as the impulse and correction form wave 1 and 2 in a macro scale. This retraces close to the .618 which is...

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- Inverse H&S formation in long term view - Looks like Wave 1 and 2 have completed and wave 3 would require a clean breakout above 10.5k - 11k satoshi (breakout point) - Volume is up (Bullish) - Whole market is going up - If this follows the EW rule of alternation I could see wave 3 having a stronger impulse with a shorter timeframe (simple correction) than wave 1...

reycripto Updated 

It seems a fourth weekly candle is forming to signify a solid bottom highlighted in the blue rectangle. One more day for the weekly close. My take on XRPUSD right now is that a wave 3 will likely begin if this weekly candle closes above its current price point, signifying a strong bottom for the past 4 weeks. Volume is low however so I would not trade this area...

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Seeing as XRPUSDT is still seeing a higher low, I can see a scenario where the price is currently correction from the large impulse wave up from Sept. 17 - 21 2018. The chart has a lot of noise from the dump that allegedly originated in the ETH network and propagated to other cryptos. If you look at XRPBTC or XRPETH the higher low is much higher. The EW I've...

reycripto Updated 

I love TRXETH because the pair remained relatively stable throughout the downtrend even though TRXUSD can't tell the same story. Price is still holding great at around .000087 ETH, having gone above .0001 ETH in recent months. It's a long downtrend and the entire cryptosphere is full of fear, uncertainty and doubt. I believe current sentiment does not reflect the...

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I have set the length of each rectangle to coincide with the length of each CME Bitcoin futures date. The height of the other rectangles is irrelevant as we don't have end date prices for those futures contracts. The blue rectangle is the only one where we have both open and close information. It seems to me that manipulation is obvious but I can't say that for...

reycripto

I made this chart because I wanted to visualize the dates when more USDT (Tether) was printed. I don't see much of a pattern but interestingly price pumped after the latest print. I made this chart the day of that print though. BTCUSD futures open interest is rising which might suggest a weakening of the downtrend. I'm still bullish on BTC in the medium and...

reycripto Updated 

I look at XRPBTC as both are currently moving in tandem. XRP saw a big increase in price around April 12th onward and it seemed as if Bitcoin followed this trend. While price has managed to stay relatively over the Exponential Moving Averages I have set up, it has worryingly gone under several times. While the weekly, monthly and daily time frames look much...