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! ;)
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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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.
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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.
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Also, BTC on Coinbase in nice Hourly bullish channel, but has touched upper trendline of bearish channel on the 4H:
Also, I am holding ripple since 0.46 but with no leverage so I'm hoping to take profit at +0.60! Fingers-crossed. Greetings from Venezuela!
Edgy_
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@Coronandoando, Yeah let's see. We just had some profit taking with huge bearish volume, but it's normal: We have to see 4H higher lows for some healthy consolidation.
Coronandoando
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Man, your videos are the best thing in all this platform! Pleasure to watch! Would you say BCH has a chance to break through 600 this week? maybe the fork makes it go down?
Edgy_
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@Coronandoando, First of all: Thx for the kind words brother, it's so nice to hear your appreciation! ;) Second: very good questions: Right now we're building a bullish pennant on the Hourly/Bullflag on the 4H. Should we break that, we will have made a huge milestone for BCH: We will have broken the weekly lower highs which are at 600. So yeah: in most Harfork cases, once we're near it/after it, it goes down again. But price action is more important than anything: The break of 600 will signal the weekly trend change, esp. if big brother BTC follows along.
Pijnacker01
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Well done. I agree, sixty cents is the next stop. Likely will be the new support for the launchpad to $0.90, oh heck, let's call it a $1.00!
Edgy_
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@Pijnacker01, Thx for your opinion buddy! Yeah, I'm very curious what's gonna happen once Bitcoin breaks the weekly lower highs and changes the trend.
Pijnacker01
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@jack777, Indeed, BotCoin (granddad as you called him, LOL) is a key part of this. Have a great day.
asgcorp
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BCHUSD. recommended loading 410-420 2 weeks ago. 40% gain followed shortly. click play button. )))
Edgy_
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@niceryders, Thx for sharing! ;)
TradeIndicators
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Great call man! We saw the same thing on our charts and it was a very nice ride up on the 1-hour chart. Cheers!