Not sure why it seems like when XRP pumps you can expect BTC to sell off shortly after. I assume it's because BTC has greater liquidity and it's easier to sell off a bunch without fluctuating the price too much.
Could we be gearing to head to 6 trillion or are we going to see a decent pull back? Equities market seems to be ready to pull back, global economies looking rocky, trade wars leading to possible actual wars...I'm kinda leaning long now.
To me, it seems like BTC.D is going to drop. Combine that with the news coverage about the BTC bull market being underway, I can't help but to think ETH might be poised to see an ATH against BTC.
I have love/hate relationship with XRP. One thing I have to acknowledge is that there are whales on top of whales willing to feed anyone who dares to dream outside of their plan. Some curious algo targets pop out at me that I can't ignore. Also, XRP moon-boyism is at an all time high. I think XRP will moon one day, but not until the whales are done milking these...
Fib pull using different algo points to see if there are any potential reversals at hand, and it looks like we could be right about in the .618 and the target just coincidentally puts us right on top of the peak of the previous bull run, for a a new low price. Just an interesting thing, no?
I don't think I've seen such a bullish RSI before. I'm not sure if it's legit or just from coming off such a decline, but it's hard not to notice. The crypto regret machine demands that you regret something. I wish I had waited to buy as now I have to wait to drop the bags. either way, that RSI is looking good
Channels are interesting. We could bounce off the top of the channel, just as Charles announces they're implementing Shelley and avoids eating his shoe. I would look for it around the .5 line of the down channel, right there where it all started. If it goes down that low, you'd be stupid not to take it.
JUST FOR FUNSIES
Always assume the worst. Nothing is going to the moon any time soon, kids. Great setup if you know when to get out. Fetch is too new to have any faith in so just be careful. So far there is confluence in this channel and further confluence off the .618 if you use the projected low. Doesn't have to happen, just sayin.
Think this coin is going behave much like XRP where when you think it's going to the moon it reverses. Look for the fib resistance around the .65-.618 with the target at the -.236. Analyzing the relationship with a channel set around those price points some confluence appears. There is some good news around this coin which should give it a boost, but once the hype...
Unfortunately, we don't have a complete chart of BTC's life. So the channels are little off. For a full chart go to Coincheckup.com and use the INDEX:BTC/USD chart.
Anywho, I think we have put in 5 full waves which means we have a long time before any significant gains in BTC. I think we'll see a run up soon in anticipation of Fidelity launching the crypto...