BTC has been sliding continuously within the downtrend for the past 7 days. A retest of the 7700 level bottom is now occurring. Probable bounce to the 8100 level then possible breakout of the bull flag to retest fib 0.5 8800 and higher a lower low would invalidate or a breakout from the bottom of the bull flag formation of this setup. what goes down must come up
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Chart patterns on higher timeframes are usually reliable. Doesn't mean they need to complete or reach target. But what is does mean is, don't counter trade it.
XRP has a steady bullish trend with growing volume. Together with BTC bounce Ripple try to breakout above 0.3$ and chances are good. Next targets are 0.311 and 0.32. In case price get rejected from 0.3 resistance, it will pull back to ~0.287-0.291 support zone. That would be a good entry.
Price will choose its path. Bullish targets above 9000 and 9400 Bearish targets under 7300 and 6900 I personally like this probability: What is your idea on the Bitcoin?
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Someone pointed out that when buying within that box where there is an obvious support -one should never buy on that area but instead plot a fibonacci and enter on that 1.618 and expect an upward movement. I don't how true it is but let's see.
Looks like EOSUSD is on Wave C leg of the ABC pattern. If no extended waves I see EOSUSD going to $3.347 range.
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Technique poster: Triangle is a sideways movement that is associated with decreasing volume and volatility . So, the descending triangle in btc looks like form. Seems to be really, we have 3 touches in support. And a possible upward response. Its time to take a position.
Don't feel too much bullish about EOS despite hard fork it has. But in the end, all depends if current support at 3.7-3.75 will push price up, or let it through. Bouncing would be a very good signal for new uptrend and even if not, it will still be able to get to 3.88 - 3.97 - 4.05. If break down, next support at 3.55 should bounce the price.
Triangle is a sideways movement that is associated with decreasing volume and volatility. Descreasing volumen Descreasing volatility