It,s An update to my previous XRPBTC view but this time based on weekly chart. We were right mentioned to be careful and not to chase the price based on few patterns from the past ( you can find it here ) So where we are now ? Please have a look on that weekly chart. The weaknes we saw bfore massive rally ( red arrow ) wroked well as support after huge...
I like the breakout happened two days ago. For now, current pullback should be treated as a test and as long as 375/350 zone holds ( close on daily basis ) we may see 435/440 ( again ), then 495/505 and 590/600.
Some may call me crazy but I'm not bullish here yet. Looks like we may see repaint of one of the previous patterns ( visible on the chart ). My favorite is the first one from the left, means we may see attempt to break higher followed by sell-off. What I'm trying to say is that I would try to avoid to chase price here.
Looks like bulls decided for late push around end of the quarter/month and week. Are they going to have enough time to push and close above psychological 0,01 level ? I would like to see at least double day close above it with retest ( ideal situation ) that may open the way towards 0,014/0,016 ( as first possible target ).
Bulls need to hold 0,002 level and we are very, very close to that level. It's like last line/zone in the sand. Good thing is that we left downtrend channel but still lower levels possible. Anyway as long as we can hold 0,002 based on daily close rally at least towards 0,005/0,006 is on the card.
That's daily chart and both short and long term favors bears. There is a wall of supply in our opinion: short term 0,09 and 0,11/012, then long term all the way up to 0,15/16. Line in the sand for bulls around 0,05 . First sellers line up towards top of that downtrend channel.
These two bullish scenarios were created based on the previous analysis from daily available here We may see very tiny pullback ( based on rejection from daily supply ) as 1 to 1 or wider one both visible on the chart. Possible targets in that case 7400/7500 and 8000. This bullish case will be inavlidated with daily close below 6000/5800.
before the hurra-optimism will take over or we decide to turn light off... lets check the chart with cool head: We need daily close above 7000. Possible supply based on daily chart starts around 6800
Looks good on daily chart and with latest volume it's possible we'll see higher prices to come. What I would like to see is 2x daily close above 1100/1150.
Hi, the intraday scenario is based on our previous longer term analysis here . Todays price action is positive however we did not get full advantage of lower levels. We do expect intraday stop hunting to the downside ( see chart ) follow by higher prices after that ( as long as we do not make lower low on higher timeframe )
Clear, intraday stop hunt ! If your knew what to look for and were focused enough thats nice opportunity to trade intraday long side. On the other hand nothing has changed from higher timeframe perspective, still within the range. of course today price action suggest top of that range might be tested soon. Please check our previous EOS/BTC analysis based on higher...
Bulls were able to stabilize the situation on 7th of August when market hit possible demand zone based on weekly chart ( blue zone ) and lower shadow ( pin bar ) has been created. Even more, the rally we have seen was bigger in size than previous corrections. First test of psychological 100k rejected but bulls were able to hold 75k and as long as we are not going...
Substratum looks good on this 1hr chart. Down tren line has been broken and visible volume above the line. Current pullback hopefully will turn into simple 1 to 1 towards possible demand zone. Bulls need to show determination... and enough money to push above 1900 ( last high ) and 2100 ( so need to be vigilant if we see strong rejection around these levels ). As...
Its not rocket scientist or discovering America, probably plenty of algos "see that" as well... Check the size of the last three downmoves and size of the bounce.... Note: we are far from calling it as total bottom as we can't move the market but who knows ? Note 2:On 1hr chart we do have very aggressive channel so before blind long I would love to see failuer at...