interesting observations on btcoins price history.
--Bitcoin (blx coin) on 1W timeframe--
-aproxx every 53 bars, or 370 days before each block halving, the price finds a bottom:
(eg: oct/nov2011, june2015, and more recently march 2019 and march 2020)
Price coils inside the fractal trendlines (red and purple flag formation on 1W tf), then breaks out on/around the...
-As long as the white and blue line are above the grey area in the back, you make more $BTC..
The USD chart for $XRP is looking bearish atm, XRP-BTC on the other hand looks like it wants to head higher in the coming weeks.
-IF $BTC starts to drop from current $3286 (binance) levels, then XRP will probably rise further.
For a bullish scenario we need the grey...
As long as the white and blue line are above the grey columns, you make more BTC
The dollar chart for XRP is looking very bearish, BTC/XRP on the other hand looks like it wants to head higher in the coming weeks.
For a bullish scenario we need the grey columns (231 MA) to make a bowl shape, which will then indicate a jump in price possibly re-testing the...