Bitcoin started a Long-Term Bull Market on December 2018, after an 11-month Bear Market. It climbed from about $3,100 USD to about $13,900 USD, in a 5-wave structure, a move that I will call Intermediate Wave 1, that lasted about 7 months.
After that, we had about a 9-month correction, from about $13,900 USD to about $3,900 USD, in a 3-wave...
As you can see in the chart, Ethereum just broke a mayor, mayor resistance, the February highs, which stands at about $290 USD.
We made a Double Bottom, www.freeonlinetradingeducation.com , and now we broke out above the previous highs. This is huge, I think a powerful move has started in Ethereum, one that could last...
As you can see on the chart, we just broke a mayor, mayor resistance, one that has held back XRP for almost 3 months, the 200 day moving average. This is a mayor, mayor break.
This break could lead to a move to about $0.30 USD soon, maybe as soon as next week.
Next mayor resistance would be $0.35 USD, the February highs. If we break that one,...
As you can see on the chart, there is a Possible Inverted Head and Shoulders Pattern on the hourly chart of Bitcoin.
It will need to break $9,300 USD to confirm it. If it does, the price target would be $9,800 USD.
I hope you find this interesting.
Good Luck to You
XRP made an important bottom with huge volume on March 13, 2020, at around $0.11 USD. From there it started a 5-wave move to the upside for about 48 days. Followed by a 3-wave decline to about $0.1688 USD, which lasted about 58 days. It declined a little below the 50% Fibonnaci Retracement which is common for Waves 2.
What I would expect next is...
As you can see in the chart, we have a huge Bullish Divergence on the RSI indicator on the daily chart, for the XRPBTC pair, where the price is going down while the indicator is going up, which is bullish.
Not to mention we are kind of breaking out of a falling wedge also.
Seems like this could finally be the bottom for XRP in terms of BTC. We...
As you can see on the chart, Bitcoin seems to have found bottom at the lows of March of this year, with huge volume seen on the 12 and 13 of March.
From there we had a 5 Wave Impulse Higher, which I will call, Minor Wave 1, to about $10,085 USD. After that we had been seen a complex correction, which could be a Double Three, if it is already...
As you can see in the chart, there is a possible Inverse Head & Shoulders Pattern on the Hourly Chart. A move above $0.1943 USD would be required to confirm the patter. If it does, the price target would be around the $0.2070 USD.
Also, there is a Positive MACD...
As you can see in the chart, Bitcoin has been inside an Ascending Triangle for about 36 days, and it could possibly last another 10 days of so. But eventually, it will need to break out of it. In the meantime, it is accumulating a lot of energy, so when it breaks out of it, it should be a powerful move, one that could easily take Bitcoin to 15K...
As seen in the chart, XRP has broken short term resistance level of about $0.2086 USD. That was a resistance that held for about two weeks, and now we had finally broken it.
The next resistance would be the 200-day moving average, red line, which we are currently testing right now.
After that, the $0.2362 USD level. And after that, the big...
As seen in the chart, Ethereum has broken mayor resistance at the $228 USD level. That was a resistance that hold for about 29 days. The next level of resistance is the $290 USD level. It seems like we could reach it fast.
In terms of Elliott Waves, we seem to be making the 5th wave to the upside towards the next resistance zone.
I think this...
Okay, here is a strategy to make more money using leverage, while at the same time risking less money, because your hedging your position with options. In other words, make more risking less.
But let’s put things into perspective. Option A: You buy Bitcoin at current price, $9,400 USD. If it raises to $20,000, as many expect, you make $10,600 USD or 112.77%. And...
Theta had a huge parabolic move of about 1,400% in the last 75 days, from about $0.04 USD to about $0.60 USD. And now, a big correction started two days ago.
The correction does not seems to be over, we had an initial down move, which I will call Wave (a), which clearly tracks 5 waves to the downside, and now it seems like...
As seen in the chart, Bitcoin is inside of what looks like a Symmetrical Triangle Pattern, www.freeonlinetradingeducation.com , those are consolidation patterns, that usually ends up wasting a lot of time and going nowhere. A powerful move is to be expected once it breaks out of the pattern.
Looking at the weekly chart of LBCUSD it seems that it has made a major double bottom at around $0.066 USD, after being in a downtrend since it started trading. www.freeonlinetradingeducation.com
The double bottom was confirmed when it climbed above $0.036 USD, the January 2020 highs. And now it seems it is back testing...
As you can see on the chart, there has been a massive printing and/or creation of USDT coins since January 2020 till now, from about 4.1 billion to about 8.8 billion, that is 4.7 billion USDT printed for trading that will eventually found themselves in the Exchanges and be Exchange for Bitcoin and other cryptocurrencies. Pumping the price of...
Looking at the chart of Bitcoin, we had a mayor bottom with huge volume at around $3,800 USD. Coming from there we had a 5-wave move to around $7,500 USD, which I will call Minor Wave 1, then we had a 3-wave move to around $6,500 USD, which I will call Minor Wave 2, and then we had another 5-wave move to around $10,000 USD, which most likely is...
As you remember in my previous analysis, which I’ll put as related ideas, XRP bottom at around $0.105 USD, a bottom of a 2.3-year-old Bear Market. And now we are at the starting point of a new Bull Market on XRP.
Coming from the lows, we have a 5 wave move to about $0.205 USD, which I will label Minor Wave 1, then we have a 3 wave move to the downside to about...