XRPBTC appears to be in a massive falling wedge (black downward trend lines) spanning Jan-18 thru Mar-20
If you scroll to the left you will see a similar falling wedge play out: Aug-15 thru Mar-17
Time will tell, but if this is a falling wedge, we may get a larger bounce than most I have seen publish expect
Over the coming several weeks, we could see a drop in xrpbtc value to ~0.000016 (40% drop from where we are at).
Some struggle with this, but remember, a drop in xrpbtc value is a drop in xrp's value relative to btc. This does not mean xrp's price is decreasing necessarily. It may be because btc is increasing at a higher rate versus xrp (e.g. btc is increasing, xrp is stagnant).
If you scroll to the left you will see a similar falling wedge play out: Aug-15 thru Mar-17
Time will tell, but if this is a falling wedge, we may get a larger bounce than most I have seen publish expect
Over the coming several weeks, we could see a drop in xrpbtc value to ~0.000016 (40% drop from where we are at).
Some struggle with this, but remember, a drop in xrpbtc value is a drop in xrp's value relative to btc. This does not mean xrp's price is decreasing necessarily. It may be because btc is increasing at a higher rate versus xrp (e.g. btc is increasing, xrp is stagnant).
Comment:
Check out the 3-week view, I just noticed this:
Golden Circles show the prior 2 times MACD crossed we saw large increases in XRPBTC pairing.
The current 3-week calendar began 3/30 and is just beginning to cross.
Golden Circles show the prior 2 times MACD crossed we saw large increases in XRPBTC pairing.
The current 3-week calendar began 3/30 and is just beginning to cross.
Comment:
Should have also noted the positive divergence on the Stochastic RSI (same relationship existed during prior 2 large spikes. Plus the prior 3 times we crossed and created this level of a high we saw a large spike)
Nothing is a guarantee, rather we use TA as a means of probability in assessing future price action
Nothing is a guarantee, rather we use TA as a means of probability in assessing future price action
Comment:
5 day view mirrored with prior cycle
Comment:
Showing I am expecting an initial move up between 4/20 - 10/02
Vertical lines only show initial move up, not ultimate high this move will result in
Vertical lines only show initial move up, not ultimate high this move will result in
Comment:
Don't sleep on this, we possibly see our first move up by June of this year
Comment:
I currently see a bottoming soon around 0.000013
I see positive divergencies on RSI, MACD, Stoch RSI
We could see a drop to the thick solid green line & still be in valid falling wedge
My initial target is between the 2 extended vertical green lines