XRP is at a major decision point! We are out of the descending gold channel but are potentially forming a bearish pattern that could result in a 100% retrace of the entire recent move! The double bottom was not confirmed as a result of the failure to break $0.30. Watch this triangle formation for a break to the downside! Upside potential is at the top of this...
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BTC's supposed bull flag has broken down quite a few times now but has still been respecting this descending structure. We seem to have made It down to an extended area of this larger scale rising gold channel which is now being back tested as resistance. I have mapped out the possible plays that could unfold over the next few days here. As BTC...
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If you have been following on XRP, in an update on the the last post I placed a snapshot of the candle formation of the potential double bottom area. The triangle might have failed or just played out differently than expected. None the less, the range was being watched for support. We are now breaking the descending channel with the next target at $0.35!
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This is my current projection of BTC's next move! If price decided to break support and flip then we will be seeing the lows discussed in the earlier post.
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The rise in price yesterday has left us with a down sloping consolidation leading to an important level. The price has not gone below the previous high of $10,120 and is being held up at the moment by the support of the rising purple channel. Price is now back testing...
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If we simplify our charts we can visualize the down sloping channel that has formed after reaching the $0.325 top. Price has been grinding along the upper line like BTC was doing right before it quickly dropped to $9,500. We are on top of support but underneath the rising white channel. Price is stuck in-between two important areas and should be...
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lower high and higher low for LTC. Negative momentum is either running out or resetting. Watch for potential trend shift with this! Upper target it $84-$85. A rejection would re test the previous low near $73.
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I decided to show the BTC chart without the noisy price action. When we just focus on the short, intermediate and long term moving averages, it becomes quite clear as to where the expected buy and sell pressure will be waiting. The colored numbers represent these exponential moving averages'...
ETH has been trading in a rising channel, currently printing a beautiful looking bull flag. The target of the pattern is $240. Waiting for the base of the flag or a break of resistance and a flip as support.
This analysis is more of a breakdown of the price action and how it unfolds. I also show here the importance of waiting for signals and all the ingredients that make for a strong case when proposing an entry. Remember that trading assets is not about being right about the setup, but to find an edge that allows you to play the odds in your favor, and to make profit...
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Please reference my last 2 posts on BTC before reading this one!
BTC never went back under the 0.786 level from the previous analysis. We waited for a better entry level down at the $9,500 level but never got it. Throughout the day we had a consolidation pattern that...
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Last night we saw XRP give us a local top point as we feared might happen, and a deep correction took place taking out 2 previous highs. We need to hold this level here if price is to follow through to the upside. It was contemplated that a descending channel could be forming after the move to the upside - bullish...
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LTC might need one more drop here before rising up. BTC and LTC price development are almost exactly the same at the moment. XRP has already made the lower low with bullish divergence signals. Will the other coins be following XRP?
For more detail about these signals check out my recent posts about XRP and BTC!
Or...
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The move we saw last night was not the big move that BTC is getting ready for. This is normal market movement in preparation for such an event. The lowest point we saw was $100 under the 0.786 target we discussed in the previous post. After a "major" move to the downside we should expect a reaction rally to the upside...
The past few weeks might have presented the only chances left to enter into the ALT coins before a major retrace back up to resistance levels. If you take a moment to analyze each move, there have been some major spikes up throughout the years - with equally impressive drops. The 94% crash might have just been a major correction back to fair value until an...
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Last night BTC broke down from the triangle and reached the measured move to the $10,070 level we were considering as the next long entry. With buy interest waiting at this level there was a nice bounce back to the triangle but...
After hitting the $77.00 target LTC is struggling to get above. It seems price is printing a symmetrical triangle/ pendant formation just under resistance and over support. Last night there was a measure move off the rising wedge and failed to break to lower targets. Currently we should expect a break to the upside of this triangle due to the bullish divergence...
Good morning all. XRP is up nearly another 12% after the re-entry opportunity given at the base of the bull flag after yesterday's vigorous move to the upside. Price traded sideways along the 1.272 Fib extension before taking out the previous high and is now attempting what possibly could be its last rise in this movie. The 1H chart showed us less positive...
