I think the trned has shifted enough to allow for this potential H & S formation to form, but not complete. People will short, bitfinex/tether will have an impact but there will be support at the neckline or just below. Then I believe either a gradual sideways trending up or an actual big push towards 6k
Three most likely options as I t see it.
As this is end of US day there could be a less likely 4th option of sideways.
Seems support has been building at neck line. but resistance is also strong.
Im personally long from yesterday's dip, and from October. If BTc falls more xrp seems to have established itself enough to recover from general market downtrend to...
Im expecting xrp/btc to follow the same pattern it has time and again. the range is condensing and it will break to the downside. It will find support at previous buy levels then bounce again. This is supported by fibs and gann fann
I have entered speculative longs from 9500-9600 since yesterday. I may add more if this support firms up and look for return to 10-11k range for next the next week followed by potential breaks above 12k in the next two-three weeks.
LTC hit the 50% retrace of its big move. Looks like the 5th wave of an elliot wave is inbound now. These are generally the same as the first wave up.
Fifth Waves (Wave 5)
Fifth waves tend to be less dynamic and display slower speed of price change than the previous waves. It will usually be accompanied by lesser volume and breadth.
Of course, if the fifth wave...