GenesisLedger

GenesisLedger

Look at the chart but ignore the noise of the false breakout earlier in dec 2020.. It looks like a huge descending triangle is about to break out on the weekly timeframe which can bring it to the green box (target). Not coincidence that this pattern reconciliates with the timeframe for the lawsuit.

GenesisLedger

I think the market will play out like this in Q4 untill the end of January 2022 with a market top at around $ 85.000.

GenesisLedger

The Bitcoin dominance has hit its resistance (Daily moving average). Has trouble climbing back up and taking more market dominance. That's another indicator that altcoins will continue to boom in the coming months.

GenesisLedger

Yesterdays market bloodbath scared a lot of people, including me.. but the dust has settled a little and I'm not expecting a breakout lower. This is what I'm looking at now. A continuation up.

GenesisLedger

See title

GenesisLedger

LOOK AT THIS F**** CHART DICKHEADS. DON"T MAKE ME STATE THE OBVIOUS.

01:29

GenesisLedger

Just a small thing I noticed.

GenesisLedger

Just look at the chart. Do I need to say more? It is de chart for the Bitcoin dominance. It broke out to the downside (meaning bitcoin dominance in % is declining) en tested the trendline. It's most likely going to stay under this trendline, meaning altcoins are going to gain marketshare.

GenesisLedger

The same goes for de ADA USD chart. Look at my other XRP USD analysis for a bullish case for altcoins.

GenesisLedger

You can see the purple trendlines on the chart. This makes for a diamond chart pattern. A diamond chart pattern often means a reversal. This specific pattern has a high probability because it's on a weekly chart. Look at my other analyses, this all indicate a bullish case for crypto and altcoins. I wish the market would be bearish for another year but I'm...

GenesisLedger

The chart says it.

GenesisLedger

I think so. Look at my longterm LOGchart. It has hit the bottomline like back in 2016/2017. Might hit that line again, but from there --> perhaps moon!

GenesisLedger

XRP/USD looks like it has broken out of the longterm triangle. It went out out and found support on the upper trendline afterwards. This is a very positive sign. But don't jump the gun too soon! It has to stay above the upper green trendline.. the longer it stays above it, the more likely it is that we will see strong moves. This is a longterm view. Follow me...

GenesisLedger

You can see that the price is testing the upper descending trendline. I interpret the pricemovement as following: The price is making higher lows, this means that the BTCUSD pair is strengthening. The more it knocks on the door(door=upper trendline), the more likely it becomes that BTC breaks to the upside and kicks down this door. It'll be important to keep an...

GenesisLedger

All 'traders' forget to add the peak of 2-12-2013 inside the longterm channel of this chart. Follow me @GenesisLedger where you can follow me for more insights and ideas. You're welcome.