Bitcoin BTC is nearing the end of it's bull flag pattern looking as if it would like to break out soon. Other indicators such as the RSI show over sold patterns as well. In this video, we also take a look at Ripple XRP & Ethereum ETH against the US dollar/Bitcoin.
In this short article, we will analyse the price of Litecoin during the last months.
After 400 days of bearish market, it’s incredibly difficult to see something positive from the charts.
In this short analysis I will show you two bullish signs on Litecoin.
Take a look to the volumes: Starting from November they started to increase...
Currently Pair has been in a small range
Long Breakout Trade
Entry on 15m Bullish Break-Hook-Go pattern @ .3128
1st Buy Take Profit @ .31725
2nd Buy Take profit @ .32025
Short Breakout Trade
Entry on 15m Bearish Break-Hook-Go pattern @ .3050
1st Sell Take Profit @ .29815
2nd Sell Take Profit @ .2930
Find appropriate SL
got a symmetrical triangle, inside a larger symmetrical triangle on the bearish side of things...on the bullish possibilities we have a inverted head and shoulder setup and the larger falling wedge pattern....probability in the immediate term suggest a breakdown as we are currently below the inside symmetrical triangle...however there i still time left for a...
The best idea to buy some after Breakouts of 3 points in Triangle. Approximately >
Risky to buy after 1st point ~ 0.31$ Possible fake-break and return to ~ 0.28$ Support .
Short idea with mini :D arguments . Thanks
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Not a whole lot to update here except we're still looking to be inside our channel. Short trade is still active but there is one thing I want to point out which will happen in the next day or two. Likely tomorrow.
Now XRP is in strong buy area , but we have compression to this support which increases odds of its breaking down . Also we have local down trend which must be broken to look for buy points and of course this breakout must be with big volume.
Signs for up movement
1) Strong buy zone
2) Lows are getting higher
3) Must be breakout of local downtrend
4) Must be good...
XRP may be the best pair to short for the next major drawdown. possible BTC pump in the near term to 4k should put xrp around 35-38cents which if you're patient can hold a short entry from there to potentially 12 cents if the triangle breaks down big. Thank you Kraken for gifting us the ability to Margin XRP
be careful out there
I usually don't do the btc' pairs, but these 2 patterns could be significant though. Since they show a mid/long term picture for XRP' and possibly even for the entire market.
On the left we can see a big inverse H&S while on the right we can see a big bearish wedge. At the moment we are still at the support line of the bearish wedge, so there is not much room...
XRP is in imminent breakout of a short-term falling wedge.
MACD made a double bottom demonstrating the exhaustion of the selling force and has the MAs pointed upwards, very close to a cross up of 0 line.
The OBV shows a growth in the buying volume in recent days following the movement...
Looks like XRP' is moving inside of a bullish wedge now, just like we did a month ago. During the weekend XRP' lost it's support of the bull flag in has been dropping since, but the drops have slowed down again. So it could be it has become a wedge because of it. Bitcoin' is also still on a sideways path, moving in a big bull flag now, but the low volume there is...
So, let's analyse Ripple again. I haven't analyzed Ripple in quite a while, which is unfair, since I made tha largest part of my profit in 2017/18 with XRP.
I entered back then at 0.25 USD, and sold from 2.85 to 3.35 USD, which was the best trade of my life until now.
Actually, I owe my financial freedom in the largest part to XRP.
So, what's the status of our...
Where i said yesterday we should see another small wave down to complete the right shoulder for that inverse H&S, it seems that small one was already it (yellow circle). It was there already in size, but i thought it was too small in time to be complete already. Also with the small pace of the market the past weeks, i assumed it could take days maybe for Bitcoin'...
The previous analysis after the pump where XRP' dropped quite a lot after the pump, i mentioned that it was likely to be a bad sign and an indication of a fake rally. Eventually we dropped almost back to the low again. The reason why i said that, was because after a big strong pump we had back then, it should never make such a big correction that fast again....
XRP' made a very strong rally yesterday, making several waves up with high volume. But because Bitcoin' dropped 50 points, XRP' gave away 50% of it's rally. Normally way to much. It's still above that green support there on the left, but from the looks of it, big chance it will break as well. Whatever happens, that purple zone on the right should hold for the...