In my previous analysis, i posted a possible bear flag trade. I have change my mind on this now since the movement of the past days is starting to look like a bullish wedge now. My trade did not even get active, even though it followed the blue line quite well, but i did not like that squeeze up earlier this week. Because the bigger picture suggest a drop is more...
Since my last post on XRP, the crypto market was in real panic mode. But ever since the bulls have stepped or the bears have stepped down. That is of course the big question. As you know from my Bitcoin' analysis, i have been calling for a possible double bottom since yesterday's drop failed again. But things are still not in the clear though, hard road of...
So yesterday we i gave 2 possible targets, one around 3200 (which would be a bear trap move) and the second around 3050 which would simply be the target of the bear flag. We saw that short squeeze happen out of nowhere, up to 3550. It was a 300 point squeeze, which usually is a big one, but it got sold off so hard and quickly again, it shows a lot of people were...
AION/BTC had a strong move up to about 450 before seeing a massive sell-down to the .236 fib level around 350. Currently, AION is consolidating on the .236 fib level, with resistance at the .382 fib level around 370. We are seeing prior support become new resistance; as for the .382 fib level around 370 was a prior support zone that held for about a week to a week...
XRP' is still following the path of this bear flag. It has found some support around the 0.345, similar to the 3800 of Bitcoin'. If these break we can see another wave down. I have added this decending trend line from the highs, showing a possible triangle. If that breaks on the upside, we could see a move towards the 0.365 or even 0.375. If we get above the last...
The targets of the previous analysis have been "reached", but the movement is probably still not over yet. Even though we have dropped quite a bit already since the 4250 high of the weekend. There is simply just no panic selling or any high volume to be seen yet. Only at the break of the 3800 support (where price had found some support several times) caused some...
So the previous analysis has been quite perfect so far. As the general waves lately as well, it's just so great we have our volatility back again. Anyway, the big ABC correction i mentioned a while back is still in play which means this whole move could be the start of another impulse wave down. For that to happen we have to stay below the 4100/4050, simple as...
We can see an aggressive rejection from the high to the current level. At the moment it will probably form a bear flag. I am going to do 2 trades here, a swing trade and a normal day trade. For the entry, i will wait to see it form the bear flag first and for both i will short the first 50% when i see some rejection from the bear flag and make them normal sizes at...
XRP' has been moving exactly as i showed in my previous analysis where i expected a small bounce up to make a lower high inside this bear flag. So far this is a very bad sign, the way it has been moving. The only thing that can save it, is a higher low above that green support around 0.365. This is typical bear flag movement so far, with the dropping volume...
In my previous analysis i talked about that failing to reach the 4600ish target would be a sign of weakness and that we would probably make a decent drop. Bulls were so weak they were not even able to complete the bearish wedge and instead an H&S was formed. A big drop was no surprise because of that. I had the target set around 3800 (and a bit) but we did not...
Not seeing a very strong bullish reaction after the big move down. This consolidation is very low volatility and appears to be forming a bear flag. Next target is $3,800 if the pattern confirms.
Friday at the close there was an attempt to break up but instead it got rejected and sold of. Now that trend line have been broken and we got a sell signal on the 4H candle as well. If we open around the current price i might short it with a half size and wait and see how things go first. We can still see a retest of that former support line. I want to see that...
In my Bitcoin' analysis i showed a big bear flag in the making for XRP', so far it is playing out since we dropped to low again. Well this coin got pumped so much 2 months ago and as all other alt coins, it has given away most of the profit again. It could drop much more, depending on Bitcoin' of course. On the right we can see a resistance level, this shows that...
We had some bullish movement on Sunday and the bulls had the reversal in their grasp, if they would have broken the 4100 and closed the daily candle at 4300/4400 that day. There was even a big bull flag in the making around that level which broke up but failed completely and simply took the price down again because of that weakness and resistance level of 4100....
The previous trade overreached it's target by a lot, so i am going to take another trade on this one. It's not a beautiful bear flag, but because of the extra profit i am going to take it on. Good risk reward as well. On the left we can see a possible long term scenario. If this play out, i will try and make trades during those waves, assuming the general...
Not so sure the bottom is quite in yet. . .it could be and we could be just accumulating here but as we saw with the recent green candle that got rejected at the bottom trendline of the previous bearflag we are still in dead cat bounce zone so more downside is more probable than this being the current bottom...I really can't see it goign lower than 2.8k but its...
Going to keep this one short since we are dumping as we speak. That 4400/4380, a level i kept showing and mentioning, never broke the past days. Showing the weakness in the market. To my surprise we have already dropped, on a Saturday night, something that has nog happend in a few months. On the right we can see the Bitfinex chart, which makes things a bit more...
A break down from the flag is the most probable direction here...most likely just in time for Black Friday...the stoch rsi seems to concur with me...I will be taking advantage of those Black Friday prices and stocking up. You make your own decisions though because financial advice is not included here. Thanks for reading and good luck!