XVG is looking very Bullish and it outperforming BTC enormously. XVG is currently trending above all EMA's. Watch the trendline, when this trendline is violated we can expect a sharp decline. For now just hold
We can see that the 1st DEATH CROSS occured late 2013 and was the start of a 550 day bear market. A death cross is when the 50SMA (pink) crosses beneath the 200SMA ( blue). After 550 days the market recovered and started an uptrend. But after 1200 days the previous all time high was reached. At the moment a 2nd death cross is almost on its way, we will have to...
Since the all time high from December, every dip of BTC has been a big buying opportunity and produced a higher low on the MACD. On the 4HR chart we see that a HUGE bullish divergence (higher lows) and symetrical triangle is forming on the MACD. My prediction is that we wont see a reversal until the MACD reaches near the apex of the triangle and breaks out.
We did'nt cross the RSI 60 line but bounced back off it. Therefore we are nog yet in a bull market.
Looking at the previous bull run we can see that RSI must move above 60 and stay above 60. Bear market starts when RSI moves under 60 on the daily chart. Current situation: Look for the daily RSI to move above 60. If RSI touches 60 and bounces back dont go long.
It looks like XRP has bottomed and is now slowly moving upwards. By projecting fibonacci extensions from the low to the high and back to the previous low we can determine possible resistance lines. These resistance lines can be used for profit takin spots.
BTC is still in a clear bearish trend on the daily chart. The 61.8% Fib. Ret. level of the recent swing low has been tested a couple of times. No clear signs of a reversal yet. Look closely to the 20 EMA (Orange) crossing the 100 MA (Bark blue). When this "death cross" occurs it will most likely trigger alot of traders to sell. The next support to look out for is...
Cup and handle pattern on bar charts resembles its namesake, a cup with a handle. The cup is shaped as a "U" and the handle has a slight downward drift. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities. Fib. Extension lines are drawn to show possible points of resistance before trend will move...
After the swing low ELF has finish 12345 Elliot wave pattern. It is now finding resisttance at 23.6% Fib. I expect a ABC correction before going up again. What do you think?
The pole is the result of a vertical rise in XRP and the flag results from a period of consolidation. The breakout from a flag often results in a powerful move higher, measuring the length of the prior flag pole A=B This also an important Fib. Resistance level (23.6%) What are your thoughts?
BTC will correct more and finish wave 5 before going up. This is also the the 61.8% FIB. Retr. Tell me what you think.
Almost finished the Elliot Impulse Wave 12345 Fib level 78.6% already tested 3 times. I expect a upward move after another test. MACD is in the Bullish zone. STOCHASTIC bullish crossover What are you thought?
- Major correction of XRP - Support at 50% Fib. Ret. (1.48EUR) - STOCHASTIC is in the oversold region (1st time since the bull run) - ABCD Elliot wave is forming - AFter D, If the 100% Fib. Ret. is hold, we are up for another Bull run - Look for long position at 50% Fib. Ret. - Sell Targets fib. extensions.: 138% (3.7EUR) and 161% (4.3 EUR) - Watch for daily...