Nobody knows where the exact bottom is but IMO we are very close.
On the weekly chart we are creating a falling wedge pattern and currently we are testing major support. This area held between 2019 and 2020 as resistance and now we are retesting this zone and trying to make it as support.
IF we can hold this level i believe LINK can see a rally for about 60%. BTC...
We currently have so much fear in the market, so much fear that i'm starting to be bullish!
First of all it seems that we are in a multi year rising wedge formation, if this formation breaks we can drop hard but IMO we will first see one more move to resistance of this wedge.
We are currently testing the wicks of the rising trend line and take a look at where...
If the rising trendline can hold and we can find the way back up to the major declining resistance line then we most likely are creating a triangle formation.
Are we creating the same pattern as we did before? If indeed we are creating a triangle, a breakout can be massive
If i would tell you that we can get a 2000% candle?
Well let's take a look at history, things can look very ugly and we can see a huge reverse right after.
IMO we formed a cup and handle pattern on the 2 month chart. If we manage to break the highs i see us reach 5 dollar.
If the bulls continue i see us reaching 12 - 15 dollar?
If you think that's not possible,...
We have a possible falling wedge on the weekly time frame and if i wasn't balls deep in crypto already i would do it right now.
The risk reward can't get much better than this we are in a major support zone.
The bigger picture still looks bullish to me, what happens when there are no sellers left we will notice soon
XRP loves to create giant patterns, mostly when a giant pattern breaks out we see some huge moves.
Currently we are forming a giant triangle and this after an upward movement. There is not much room left in this triangle so we should see a breakout soon.
Will this breakout come together with the outcome of the lawsuit against RIPPLE? probably yes
Beside this we...
XRP is trading in a big triangle formation and at this point we are just searching for a weekly higher low.
I believe that it isn't a coincidence that we are in this triangle with the RIPPLE LAWSUIT. I believe this triangle will break with the direction how the outcome of the case will be.
If ripple win the case i have a target of 2.5 and 3 dollar.
If they lose...
We now touched 2 times major support and for now we are holding this key zone.
We are in a equilibrium pattern which can still take a while to play out. If we can break this tight range bullish we are going to 51K
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BTC pulled back to the breakout zone as expected.
Now we need to wait and take a look how the daily candle close will look like. If we close with a hammer and hold support i'm confident that we will move to the 51K zone
Thanks for taking your time to check out my idea 😎😎! Often, my ideas are fast gone from the front page because there are so many ideas on the...
XRP is holding support of the rising trend line and it seems that we are creating an ascending triangle.
We also have a bigger downtrending resistance line to keep an eye on.
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I will explain to you in a simple way what the next steps for BTC can be and how you can play this.
We currently hit horizontal resistance as you can see on the chart marked with the horizontal line.
At the same time we hit overbought levels on the RSI which means that the bulls need to take rest.
Now there is a chance that we will move back to support, that...