Hello dear crypto friends, hope you're doing well!
Ripple (XRP) just got a nice break above psychological 50 cents: 60 Cents will be critical resistance from the previous attempt in September.
Bitcoin Cash (BCH) could've led to the break out with all other Alts through correlation, as it is seing a Hardfork coming: Right now building a bull flag with 580 as resistance.
Grandpa Bitcoin (BTC) is back in the previous equilibrium zone again, and has to see a break through 6.500 to see follow through.
EOS is very similar, with 5,7 as resistance, and will follow grandpa.
ETH has succesfully broken out of the previous equilibrium zone, and successfully retested 204 and 208: Now waiting for grandpa.
Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my video to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Ripple (XRP) just got a nice break above psychological 50 cents: 60 Cents will be critical resistance from the previous attempt in September.
Bitcoin Cash (BCH) could've led to the break out with all other Alts through correlation, as it is seing a Hardfork coming: Right now building a bull flag with 580 as resistance.
Grandpa Bitcoin (BTC) is back in the previous equilibrium zone again, and has to see a break through 6.500 to see follow through.
EOS is very similar, with 5,7 as resistance, and will follow grandpa.
ETH has succesfully broken out of the previous equilibrium zone, and successfully retested 204 and 208: Now waiting for grandpa.
Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my video to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Comment:
Profit taking on the Hourly for XRP with high bearish volume: Depending on what BTC does, we have much room to build 4H higher lows at 50 cents or even retesting the break-out zone at 47-48. This is also where the 4H EMA's come in.
Comment:
Nice Hourly EQ range with 55,5 and 56 cents as highs (without counting the wick) and the ranges of 52,5 to 52,8 as bottom. More descending pattern, as we've touched the bottom 7 times now vs. the highs 2 times. Volume & RSI have cooled off.
Comment:
Also, BTC on Coinbase in nice Hourly bullish channel, but has touched upper trendline of bearish channel on the 4H:
