viranp33

viranp33 Updated 

I still feel like we are not out of the woods yet with the bearish sentiment on BTC. There are a couple of signs I am seeing that indicate to me we could still have more downside price action over the coming weeks. The Weekly chart breakdowns like this for me The break of the Ichimoku cloud The leading Ichimoku cloud has also started to crossover into the...

viranp33 Updated 

The lower time frame Ichimoku is indicating to me that we may have some short term shift in sentiment to the upside, especially considering how we have started the month on a small increase in price. Using the weekly Kijun Sen I would be looking at some resistance at the $42,500 zone and would wait for the weekly close before I change my overall bias on BTC. The...

viranp33

So after last weeks slump in the Dollar, we finished off below a monthly zone that I have down as a key level. Overall, the weekly is still slightly bullish and even cautious. I would start to change sentiment if we drop and close below the 95.000 region. I envisage a small recovery to the 95.900 zone market on the chart where I will monitor for strength. I...

viranp33

Monthly chart is quite interesting. Just a quick look on the trend and there seems to be a good strong level of support and resistance in that channel. Obviously this is merely a simple analysis and many more factors would need to be considered, especially on the lower timeframes, but this I am intrigued to see how this support level in the channel plays out.

viranp33

Using past data and performance I laid out a pattern which follows the current downtrend and ties in with Support and resistance levels. The main thing about the BTC dominance chart is that a decline in BTC market cap has a strong correlation to an increase in the value of altcoins - I use this chart as a confluence to determine the bias on XRP price action. Once...

viranp33 Updated 

Just something I have been working on, based on previous price action.