xrp is nearing apex; with h&s pattern almost complete; A break through yellow line will dump price to further, vice versa with purple lines; I'll be updating xrp on this thread;
Well now BTC is weaker than anticipated. I expected a stronger breakout from the falling wedge, however it seems I overestimated BTC. The problem is the high longs: It looked as if shorts would increase again, but this is not the case. Together with the extremely weak breakout, I think that the chances for new lows directly, without bounce from here, are starting...
BTC is heading into a very tight wedge, with the 200 MA as a confirmed resistance. Volume is also drying up. It will break out either up or down but since in November we saw the exact same thing then we are probably going to break down unfortunately. We will have to see.
Hello again everyone! hope you all had a great new year. Despite a whole year of a bad run, I want to congratulate everyone who is still hanging in there. According to wall street cheat sheet, I would say we are officially in the depression phase. this is the final stage of the bear market before the natural cycle flips. In this post i will go in depth why I...
First of all , there is a fractal, if you can call it that . In order to make it works, the asset has to dump in the next impulse. If we look at the RSI, we would see that on the rising price wave, the RSI oscillator updates the previous bottom, corresponding to the beginning of the rising wave (marked with yellow vertical lines) . From this fact we can conclude...
BTC wants to go to overbought again on weekly timeframe. It would be ultra weird if not. Weekly stoch RSI has not been on overbought since a very long time, probably the longest time in BTC history. It needs to be overbought again on weekly, so that it can prepare for the next dump, which hopefully will be the final one. At least there is a high probability it...
So, we see a drop to Fib 0.786, but if you look at the entire history of the Bitcoin price movement, you can see larger plums: in 2011, the price rolled back to -94% (from $ 35 to $ 2), also this year there is a drain to -83% (from $ 12 to $ 2), then draining in 2013 to -82% (from $ 259 to $ 45), then there was a drop in 2015 to -86% (from $ 1140 to $ 150), and...
not going to play exactly like this ofc, but keep in mind that this can happen. Dont get too euphoric yet.
This might have been just a price contraction. Awesome R:R, this pivot candle wick is our reversal indicator.
Ahhh LTC, my old friend. I bought a lot of you back in 2015, and I didn't regret it. Of course, I was a bit pissed that ripple, ETH, and dash pumped much more, but I don't hold a grudge, because for me, it all started with LTC. That is the restart in 2015, because when I started with coins in 2013, I managed to lose all XD Well, now let's take a look at the...
It is important to understand the following. BTC hates you. Yes, it hates you, every single one of you. And it tries to destroy you, wherever it can. When you're long, it dumps. When you're short, it pumps. Why does it do this? Because whales play us. They can play this low volume market easily, and play the market contrary to what the mass of people do. So I've...
Whats next? This is the only area i'm watching right now
Chilean Stocks. Pure Technical Projection. Correction phase. Seems there's an H&S pattern in process and near to complete. If it breaks to the downside, it will complete the last leg of a big Bat. The opportunity is to short and trade the reversal at the showed targets.
Now on ETH we must break trendline and MA 55 for some retracement. Or we will do last leg up and than bigger move down. Arthur is smiling while we are bullish. So be ready on short.
So I notice that this stock has significant decreases and bounces. The price dropped yesterday, and the bounce is starting to happen. I am looking for a good indicator, and a spot to jump in. I think this is a pump and dump, but I am riding the pump lol. This stock has pumps like clockwork. "I may be wrong, but I might be right, and if I am wrong, I could have...
Studying this chart it seems clear that we are seeing a larger wave playout based on the first impulse fractal, which would be wave 1 on a small scale. The overall picture is playing out with a clear downtrend to the 90 cent zone (or lower).