This Elliot Waves rising wedge breakout is complete, minus the breakout, as out lined by the light blue trend line. Anyways, the TD 9 Sequential indicator flashed another BUY signal the weekly candle of June,15/2020. Since then it has kept retracing very tightly in the corner the large falling wedge. Compressed like a spring with no place to go but up! Why? Well, what make me even more BULLISH is the fact that the green line on the holy grail indicator bullish cross is imminent. The green and teal line on the holy grail indicator are highly reactive lines teal just less so. The first time the TD Sequential indicator dropped a 9 candle buy signal the green line came to existence within 2 weeks. The candle just before a 67% increase in price. Hmm... The second time the green line and a buy on the TD Sequential lined up the price rose a MAJOR jump of 164%. The 3rd and final time this has occurred on the chart the price shot up 70%. This is the 4th time these indicators have lined up on the weekly charts. Note it HAS NOT failed to rally even once! Something to keep an eye one... I've placed a few price projections there for general ideas. The break out normally occurs on the 5th-6th candle after the TD Sequential 9 Candle indicator. As of writing we are 1hr and 45 min from being in week 2 of 5-6...
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What does it mean if a alt looks bullish against BTC but not really bullish as comparison to USDT?
Drop me a like if you found this chart and info helpful! Thanks!
Open to comments and criticisms
What does it mean if a alt looks bullish against BTC but not really bullish as comparison to USDT?
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SORRY the pattern is a FALLING WEDGE not rising. A falling wedge is a bullish pattern!
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BTW XRP is BULLISH AF on all timeframes VS BTC and USDT!
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Here we have the same falling wedge but on the 6hr. Here we have another TD Sequential flashing a 9 buy signal lined up beautifully with the green pink and teal line on the Holy Grail indicator. Even more exciting is we have a red line creeping ever so closely to the falling wedge. The red line produces strong price movements. XRP is lined up beautifully on almost all time frames VS BTC or USDT! Exciting times for XRP holders...
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