Brandon_Cooper

Brandon_Cooper

The long awaited Break out of the previous downward trending price movement has come to an end, BUT not an end that most would expect. As the price was nearing the strong levels of support within the golden pocket which was slowly pushing it like a spring into decision it bounced out to the bulls in a very 'boring' manner. Although this is still an extremely great...

Brandon_Cooper

Although the double bottom formation broke out to the bulls, it was obvious that the resistance would play a role in keeping the price from moving up to the predicted level of 40k for the short term. How ever just because we had a strong bounce of the downward trending resistance does not mean we are going to extreme bearish levels, but there is always a...

Brandon_Cooper

The price has officially broken and consolidated within the golden pocket, this is a great sign as it shows that the bears are not able to bounce the price off the key level of resistance. Therefore the price is sitting in a situation where it is between the support of the golden pocket as well as the resistance of the double bottom neckline. Theoretically this...

Brandon_Cooper

As I was doing some restructuring of my previous lines on the chart i came across a slight switch up of future direction in the medium term. Based on my time adjusting my BTC chart i have been pushed slightly more to the bullish side based on both technicals and fundamentals which have arisen, and are slowly shifting the narrative over the markets. My reasoning...

Brandon_Cooper

The pressure is building up slowly but surely like a spring ready to burst. A strong move is bound to happen as we near the completion of the bearish pennant, from a technical standpoint it should break out to the bears, BUT the bulls are looking promising from a fundamental standpoint so uncertainty is very high amongst the retail traders. Decision will be made...

Brandon_Cooper

The day is looking victorious for the bulls as we have broken into the golden pocket, which represents that the bulls are fighting harder than the bears can "bare" no pun intended. However we are not out of the ball park yet as we are currently still within a bearish formation, BUT i shall present you with some bullish technicals in the lines that follow. I have...

Brandon_Cooper

Today was a slightly better day from a technical standpoint, as the price has bounced off very strongly off the support created in the pennant formation. This sign still doesn't mean we are out of the dark yet as we are still within a bearish pennant. The price is over 70% through the current formation which represents a solid movement is due soon as well as...

Brandon_Cooper

The double bottom was discussed in my previous article about XRP and as you can see the price fell below the 'potential bottom' and hit the support of the downward trending bullish flag formation. This alone is a very bullish signal as there is already talks about a potential alt coin season arising from the current situation BTC finds itself in, and when BTC...

Brandon_Cooper

Here is a perspective that is reasonably likely where ADA could move in waves as it did in the first quarter of the bull market. The chart in the first quarterly has seen to have 3 major spikes before coming back down to the strong level of support which is non other than the Golden pocket, as well as a phycological level of at $1. the following point of...

Brandon_Cooper

We have come to the point on the daily chart where we have formed this double bottom, But based on the BTC chart there is a likelihood that XRP could fall slightly below this level and bounce off the downward trend support seen on the chart as the white lines. Regardless this market structure is seen as a double bottom. BTCs continuous retracement could result...

Brandon_Cooper

For some investors this situation we all find ourselves in might seem very scary and many are very fearful and on the verge of selling their bag at a loss. The question you have to ask yourself every day is, "how long do I plan on holding my crypto assets?" and "what is the reason behind my decision to hold these assets?". This might sound simple but most people...

Brandon_Cooper

There are 3 obvious outcomes for the current death cross and they are as such: 1) the cross can result in a further retracement of the price resulting in levels such as 20k which cannot be ruled out. For those people who are long term hodlers as well as new to the field, this is a dream come true as we are given a second chance to get a revolutionary bargain on...

Brandon_Cooper

As predicted in my pervious report on XRP, the price has broken out of the bearish flag formation and is on its way to the key support level of $0.65 (orange dashed line), which can be seen as bad but if you see the level is a strong support and resistance level and should act as a bottom. A signal of confluence seen on the chart is also a double bottom which is a...

Brandon_Cooper

Anyone with a basic understanding of technical analysis can say immediately that XRP is bearish based on the formation displayed in white. That assumption is correct to an extent as the price is in a clear reducing triangle formation, but there is a lot of support that will hold the price up from falling below the level of support of the formation. if you look...

Brandon_Cooper

We are currently sitting at a cross road as we have retraced slightly below the reducing trend formation, but price has come to a bit of a halt and time will tell whether we will fall lower, bounce off or retrace on this level of the golden pocket on the daily fib retracement indicator. My question for all that are scared or skeptical about the future price and...

Brandon_Cooper

What can be seen clearly on the 4 hour is a inversive head and shoulders pattern within a current bull pennant which together form a strong confluence for a break out of the pennant in the short term in order to meet the levels shown by the H&S. The level predicted for the H&S is set at $1.80 which also happens to be the top resistance of the Bollinger bands on...

Brandon_Cooper

What i discuss in this article is not financial advice along with all forms of analysis i post. BTC has hit a strong level of resistance which i feel the price wont fall below. This level is nothing other than the golden pocket derived from the Fibonacci retracement indicator. The entire base of this accumulation phase or consolidation phase lays on the golden...

Brandon_Cooper

With the release of smart contracts on Cardano coming soon it is obvious that the market is going to run, either leading up to the smart contracts release or it will consolidate until the release where it will break out. These theory have been back tested to many times not to be one of the outcomes leading up to this huge news for ADA. My reasoning behind my...