Zooming in on my previous idea, we can still definitely wick down to $7500.
Either way we are about to continue parabolic imo, and August/September should be bullish for BTC.
I just think we definitely have the possibility of catching a sharp wick down between the $7500 - $8300 area, with a rapid bounce to follow.
I won't stray from this idea until we...
As pointed out in my chart, during the last bull run we wicked down to the blue EMA or at least very close to it, every time we were extended above the white and in a consolidation phase.
There's really no reason to believe we won't this time.
It is fairly obvious we will go lower now, whether it be to $8300 or $7500, but I don't believe it will be...
I am currently looking at a pattern that has been point out by a few already, so I first would like to give credit to Crypto Savy, give him a follow on YouTube.
BTC is currently playing out a pattern VERY similar to Gold whenever it first had ETF proposal and approval, similar to the current situation w/ BTC and Fidelity, Bakkt, TD Ameritrade, ETC.
Unlike all of these other "traders" I'm not going to post a million different ideas, at least 5 a day about the same crypto, all with different outcomes.
That's worthless TA, instead, I'm going to show you where I went wrong and what I'm thinking next.
I'm still in the XRP trade, and as I've shown in my chart XRP is once again repeating historical...
I just wanted to point out that with all the ETF delaying nonsense... that's fine.
We have a crypto asset to speculate that's already traded on the NASDAQ.
AND one thing to consider is these "crypto" stocks are few and far between.
This fact alone will cause speculators to throw cash at them that are stuck trading in traditional markets, and their...
As stated in the subject line, I used to hate XRP.
I wasn't really sure why... I guess I'm a true crypto OG!
I mean, why would we want some "centralized" coin that wasn't mined or anything and isn't even a blockchain.
Plus it supports the bankers? Pshhhh!!!!!
But as a trader, I don't care.
You have to be foolish to be ignoring this opportunity.
XRP is #3....
Just as I stated in my XRP analysis, that BTC pump caught me off guard just as it did many of you I'm sure.
BUT alts won't play. They are there for a reason.
Crypto veterans aren't going to sit around and hold all of their BTC and not capitalize on the pump.
They will look for good alts to gain even more wealth off of.
Expect ETH and XRP to get some...
I was completely inaccurate, as were most of us with my last analysis.
I was very confident BTC was going to get smacked by the 50 MA and then if not the 200 MA.
But na, the party has started.
Don't forget every bull cycle, BTC will pump, but the price isn't as easy to move as the alts, and it probably never will be.
XRP has been in the dirt for a...
As seen in my last analysis, BTC obvious rejection at the 50 MA weekly.
This will continue to play out, as BTC is overbought and has no more short term upside.
IT WILL come down, and it will bring the alts down with it.
This is okay, this is our one last opportunity to maximize our long term entries.
Whether you are a trader or HODLER, this is our...
This one is easy.
On the weekly, 50 MA sent us back down to retest the previous bottom in 2015 as indicated in blue.
The same thing is going to happen again this time around, and it has pretty much made it as obvious as it can for us.
You can hold now and dollar cost average, great strategy.
Or, if you are a trader and would like one last opportunity to...
Everyone wants to get very technical with their price predictions and so on, and show how we are in an obvious logarithmic regression curve that leads to a specific price.
What they haven't considered is we could very well be in the tiny first phase of the chart development.
This can be seen in my monthly chart I've created, no need to get fancy or anything....