Well.. right after I posted the bull flag on the 1D chart (a few hours ago), BTC dumped and this impacted the whole market. However, I want to point out that the bull flag pattern observed on the 4H chart a few weeks ago (see my past ideas) seems to be repeating on a larger scale. XRP price just bounced off EMA20, which is something we have seen 3-4 times while the price was oscillating in the pennant (on the previous flag)
I am starting to think the 4H chart flag we had 2 weeks ago is now repeating on a larger scale, with the exact same behavior. If the past is garant of the future, then when EMA50 enters the flag, we could see a breakout of this one, as this is exactly how it happened last time. If this turns out right, then this is fractal behavior.
I am starting to think the 4H chart flag we had 2 weeks ago is now repeating on a larger scale, with the exact same behavior. If the past is garant of the future, then when EMA50 enters the flag, we could see a breakout of this one, as this is exactly how it happened last time. If this turns out right, then this is fractal behavior.
Comment:
We just broke out of the bull flag on the 1 day chart.
target: 1.30$
target: 1.30$
the low volume makes me think we may be waiting for BTC's golden cross on 1D to happen and for BTC to breakout as well. (unfortunately)