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Magicpoopcannon

XRPUSD, putting it all together. The simple story of this whole market is this: Bitcoin's price is tethered to its 4 year halving events and the whole of the crypto market is tethered to the price of Bitcoin and so every 4 years we hit new ATHs market wide. You can confirm this, just google 'bitcoin halving dates', choose images and find many examples and observe that some number of months post halving the price of BTC hits a new ATH. And the rest of the market follows. One example is the July 2016 BTC halving, XRP didn't respond until March of 2017. That is approximately 8 months later with new ATHs coming months to a whole year after that initial response. As we all should know in the crypto space, the bitcoin mining reward is cut in half every 4 years. This essentially cuts the newly minted coin supply in half such that less are coming into the market and eventually prices respond to this. In this chart I show two of these halving dates, one of which has yet to occur next May. So the theory is that roughly 8 months after a halving event is when we see the whole of the crypto market BEGIN to respond to this halving event. And then sometime after that is when we see new ATHs. This is all in response to @magicpoopcannon 's analysis of XRP but I wish to show that the top line of his ascending channel is wrong because XRP hit an earlier ATH of 0.061 in early December of 2013 (one year after the November 2012 BTC halving). One can confirm this at CoinMarketCap. I linked to his analysis where he shows concern of XRP breaching the bottom of his channel recently with the market wide fall. But if you look at my chart with that XRP December 2013 high accounted for, you'll see that the run up he is (and the rest of us are) expecting is pushed out to early 2021. But we'll see. Blessings and good luck...I have to go help Mallory with her homework now ;) PS - You have to scroll the chart to the left to see the XRP December 2013 high.
POLONIEX:XRPUSDLong
by alexkeaton
21
Bitcoin Bullish to EoY - 1W CME futures tell the taleLot of reasons to remain bullish/ neutral on price - I'm standing to a consolidation channel (similar to what gold assets like GDX look like in months past) - if you play straddle contracts, this could be an interesting opportunity - no blowoff top volume happened during the 11-12k range - Stochs have moved to oversold while price gains held - Ichi cloud reamins bullish - fundamentals Baakt, and macro credit cycle are favorable - altcoin markets are (SO FAR) successfully retesting USD price bottoms -
CME:BTC1!
by noam_chom
BTC:USD Imminent; Parabola set to test resistance 60:40 BullishBTC is in a tightening pattern, with declining volume and the daily RSI in a descending channel all indicating we could be in for a break sooner then the general market thinks. Look for a test of the downward sloping (red) triangle line in the upcoming days. Second confirmation of a bullish break out will be a close above c.11k, with a target of c.14k (double top) If it breaks down we have the upwards sloping triangle trend (green) and 21 EMA (weekly) just below it acting as support.
BITSTAMP:BTCUSDLong
by Pigeon007
Bitcoin - This is an important update!Bitcoin was able to post an important up move that generated the first higher high in a small timeframe in a while. Bitcoin still has a long way to go and some obstacles to overcome in multiple timeframes for us to say that we are headed up. Let's go over the battles that BTC must fight. First, A while back on Aug 22, I showed you that when price crosses down below the 200MA on the 12H it tends to stay under for months. BTC did crossed down the 200MA on the 12H just five days after my warning on the 27th. Check out the link to that post below. As you can see the meltdown is not in one shot, it goes under and then above and under... Until it completely melts down for months. Second, The green trendline on the 12H has now become resistance, that green line represents major resistance, it actually is the secondary trendline. BTC needs a lot of strength to be able to penetrate and stay above this line, so far it has stopped right on that line. In this timeframe in order for BTC to post a higher high we need to go over the channel line (faded red downtrend line) and around 12K, and that will not be easy. So far in this timeframe, we are still going downhill. Third, In the 3D, we need to go above the pink trendline and the 10MA which is currently zapping the price. To post a higher high we need to go to 12.5 or higher which may not be easy. In other words, we are still headed downhill until we go over and above the obstacles covered here.
Long
by cryptoGats
1
EXK All the wayEXK is currently at 52 week lows. It is pinned in a descending triangle. The mounting pressure will lead to an explosion higher in the next few months. I'm going long. If you look back at 2016 people were ready for the election to favor a different president of the USA. As soon as he won the price flipped and reversed. Precious metals have been horrible ever since, then until now. There isn't much more room to go down from here. Volume is slowing and movement is tight. Besides EXK can't go out of business yet, we need silver to finish building Voltron! Let me know what you think about my first public idea. I have been on TV for a few years but never put up my goods. Good luck to you all, Love Voltron's hugesack
NYSE:EXKLong
by Hugesack
BTC Volume Gap and 4k consolidation: What's next?Well, as u might see on my related Idea, I was expecting a symmetrical bottom triangle breaking downwards, but seems like I was too early on the diagnose. As the market continued to develop it's structure, we appreciate an ascending triangle, pushing price above the 4k big resistance. This give us a consolidation level, and at the gate of a HUGE volume gap. And mkt depth give us the idea of an increase in volume on the last 2 months. Image: imgur.com Disclaimer: This is not a investing advice. The black forecast I draw is just one (1) of many possibilities, it all depends on the money flow, specially fresh money flow. At this moment I'm trading this idea, so it might be subjective. You must do due diligence.
BITSTAMP:BTCUSD
by BiO-618
2
Another Bull trap? Until i see the 3630 area broke and close on at least a 4 hour candle this is still bearish. Be careful in this area! Currently my eye is on the 3k level looking for a support at about 2850 approximately. My true target call for BTC at this moment is 1228. YES 1228! Give or take whatever but here are the facts this is a Bear Market and until the last person sells from panic or despair purely giving up then This is not over. IMHO I dont do alot of chart reading of others but i do check in on magicpoopcannon and Botjei and they both couldnt be more correct in the given time! Stealing a quote from magics recent post "Dont catch a falling knife"
COINBASE:BTCUSDShort
by 2Legit
2