sebfoobar

sebfoobar

I really would like things to go up but the graphs are just not there. BTC has been a bubble and it appears that the right side of the Eiffel tower has been forming since January. We have to go back to 2012 data and look at things in log scale to find support. I look at someone like Chris Kimble kimblechartingsolutions.com and pay attention. On trading view I...

sebfoobar Updated 

Last time BTC broke the 7300-7500 EUROS resistance, it started a run up to 14,000 (see A). Right now it is at that same level which coincides with middle of the boillinger band (B). A break would IMHO signal a clear bull, up to 9600 euros in the short term. But it could also not break this resistance and head down to re-test the 5200 bottom of the boillinger...

sebfoobar

Before christmas XRP went on a tear and then entered a big correction following the BTC drop, it corrected more than 78% of the "christmas" advance found support around 0.45 EUR and started bouncing slowly. XRP has now clear the main downtrend going from ATH and is heading towards the middle of the BB at 0.85 eur, which would signal a short term run to 1.25 eur...

sebfoobar Updated 

Looks like we reached a bottom around 4800 euros which was close to a 78% retracement of the entire 2017 advance. We broke through short term resistance (A) and are heading to the middle of the boillinger band at 8100, which is also mid-term downtrend (B). We need to hit 8100, break and then head to the top of the BB around 10000 to break the main downtrend (C)...

sebfoobar Updated 

Not trying to be pessimistic but there is a lack of volume on this "crash", so it does not look like a bottom. We need to go back to the 2017 uptrend in log to find support levels. We just broke uptrend (C) and the 62% retracement. If we look at the fib levels of 2017 advance we get a 78% retracement at 4100-4500 EUROS. So we are not done, we need to see big...

sebfoobar Updated 

More selling pressure on cryptos all over the last 24 hours. With the CME futures contract expiring Friday we could re-test the lows. BTC could be heading down to 6500 EUR (78% correction which was not reached yet) putting even more pressure for other coins. XRPEUR could re-test its 0.72 EUR, i.e a re-test of its own 78% correction from ATH. Definitely don't...

sebfoobar

I will hold over night because the 4 hour view looks promising with the MACD crossing and high volume on reversal (i.e capitulation)

sebfoobar

XRP has retested its 78% retracement today and bounced again. It is now in an uptrend going up to the downtrend from that major retracement. We want a break of that downtrend, around ~1.2 EUR to see further upside to 1.7 EUR. currently the "stop and reverse" (dots) shows stength, the MACD is showing uptrend and we are at the top of the boilinger band. Looking...

sebfoobar

BTC is still showing weakness, it tested the 8500 level (previously mentioned). MACD shows weakness, SAR shows weakness (dotted lines), and we are at the bottom of the boillinger band. It could totally test the 78% fib level before going up.

sebfoobar

In two days around christmas XMREUR went on a crazy 100% swing, but the MACD on the daily crossed hinting at further weakness. Together with most cryptos (BTC, REP) XMR corrected violently to its 62% Fibonacci level computed from the pre-christmas advance The bounce on 62% fib is much lower that the lower boilinger band, the MACD is still showing weakness, so I...

sebfoobar

in EUR: On january 9th the daily MACD lines crossed giving a strong sell signal. XRP proceeded to correct to the 78% fibonacci level, computed from the big pre-christmas advance that started the 0.2 to ~2.7 run. There is now a small bounce on the 78% fib level, it could go up to the middle of the boillinger band around 1.7 , but before that it needs to break the...

sebfoobar

BTC is hovering at the 38% retracement of the Oct to December advance. Further weakness could push down to the 62% retracement before moving higher significantly

sebfoobar Updated 

This chart is in EUR. While most want XRP to go very high, I see more downside on the short-term. I believe it will hit 1.37 eur support towards the bottom of the boillinger band. This could be the completion of a corrective ABC as a 2 leg in 12345 uptrend. The MACD and SAR on the 4 hour is bearish. On the 1 day, the MACD has crossed over showing more downward...