renemtz

renemtz

I am guessing that crossing 21 EMA (weekly chart) currently around $43,500 and if weekly candle closes below that yellow line, it could be a point of no return and price could continue go lower forming a descending channel

renemtz

Possible Cup and Handle Pattern Target $20.85

renemtz

After observing price is finding resistance at $20.00, and Stochastic indicator is at a level of 92 (pverbought), price might move downward to a lower low, probably $19.50 I am personally entering a short position STOP LOSS $20.02 TARGET 1: $19.70 TARGET 2: $19.60 TARGET 3: $19.50 Not financial advice, do your own research...

renemtz

Best case Scenario BTC at $100,000, I would like to rebuy below $20,000 if possible...

renemtz

DO NOT PANIC if you see price BELOW $10,000 again, just buy as much BTC as you can and keep them for 3 years until next bull run

renemtz

Be aware of Main Stages in a Bubble, next phase is DESPAIR and price might go to unseen values below 10 cents, Do not panic, just wait and start Dollar Cost Averaging at $0.10, $0.09, $0.08, $0.07, $0.06 and even $0.05 You will be doing unbelievable entry points and an excellent average price of 7.5 cents per XRP (if buying always same amount of money Example:...

renemtz

As ETH is close to Resistance 5 ($750) and Stochastic Indicator looks extremely overbought (Monthly basis), you might consider taking profits and buy back at 61.8% Fibonacci retracement Good luck !

renemtz

Maybe it is a good time to take profits... Do not be greedy, let the last dollar to someone else... Good luck !

renemtz

Hit : ( As an XRP holder my heart is broken, as analyst it hit right on the spot Hopefully we can now have better news and price start climbing from now on Good luck !

renemtz Updated 

$0.33 is right a Pivot Point and it can also be an epected value for EMA 200 (daily)

renemtz

Still on track After observing XRP price retracement action I am assuming the following Wave 2 = 0.618 of Wave 1 (Completed) Wave 3 = 1.618 of Wave 1 Wave 4 = 0.382 of Wave 3 Wave 5 = Wave 1

renemtz

After entering at $19.70, now it is time to look for a long term target. Hopefully this is just the start of WAVE 3, that could move price upward to $31 pesos per USD Good luck !

renemtz

Historically (past 6 years) price has bounced at EMA (200 weekly), Stochastics is at very low Hopefully this time can do it again

renemtz

Nothing has changed...everything seems on track, finally we can determine ABC correction Hopefully $0.56 is our new low resistance....

renemtz

trying to findout 5 waves of WAVE 3, following same rules as in Part 1, except for WAVE 5....If wave 5 is extended -wave 3 needs to be longer than wave 1, otherwise Elliott Wave count is wrong. Other option is that WAVE 3 would be of an extension of 2.618 instead of 1.618... I guess we'll find out soon

renemtz

After observing XRP price retracement action I am assuming the following Wave 2 = 0.618 of Wave 1 (Completed) Wave 3 = 1.618 of Wave 1 Wave 4 = 0.382 of Wave 3 Wave 5 = Wave 1 and those are the expected values

renemtz

Possible entry point at $14.50 0.618 Fibonacci Retracement

renemtz

According to Stochastic Indicator in the Weekly chart, Tezos is extremely oversold and potentially forming a rising wedge heading to $7.73 usd, retracing and then heading to $11.40 usd (resistance match fibonacci extensions) What do you think about it?