Xrp is probably going to shake out hodlers, expecting a possible false breakout of the pink smma, followed by a fast reversal to hit around .50$ area, a correction, and another impulse to the .90$ area (timeframe is not accurate).
Would also coincide with the Monthly Smma.
Scenario possibly to happen even if Btc...
-Market recently over speculated on alts by greed and lack of understanding the nature of what a cryptocurrency is (2017)
-It damaged Bitcoin and severely lowered its market dominance
-Market seems to be readjusting the natural Bitcoin dominance
-Alts could have plenty more downside remaining, Bitcoin probably has a lot of juice remaining
-Punishment of the over...
Pressurizing the resistance, market seems to be ready to reach 20k and the path to price discovery...
This last week uptrend was actually very very, very very very, very, important
A look at the Daily, slight possibility to hit the green box(es) because of the 12k resistance rejection
If it ever happens that Bitcoin closes...
50-50 bear market continuation / bull market start to me.
This type of pattern is a real possibility for Btc in case this is a bear market rally.
A retest of 3k, with the market beeing scared to buy there thinking it will keep on dropping below and going to 1k, which would be the exact moment where you want to actually buy.
Followed with a brutal V reversal as we...
After a bull flag sent Btc to its flag target, an head & shoulders just broke below its neckline
Alts in Usd are therefore now more susceptible to gaine value in $.
Btc could bounce on the pink Smma, which would be an Altcoin Usd sell signal, and a Bitcoin Usd strength continuation
Market is not expecting a large correction at all, which is exactly why it could happen.
This double top looks like a major local topping formation, inflection point.
Market seems to have all the characteristics of a B wave with over bullishness, lot of delusion still present, and almost nobody expecting a bear market continuation.
Market average correction...
I am becoming more and more pessimistic about this market: 50% bottom is in, 50% might revisit 3k and even hit slightly lower 3k.
-the bottom is not clear yet with such a parabolic pattern
-the parabola is unsustainable in my opinion, and went too high for the proper start of a bull market
-the parabola is too close from the 1st parabola to create a sustainable...
Comparison of a same bubble structure between the Silver bubble and the total market cap of crypto (exl. Btc)
If alts don't produce a higher high around here, then new lows are to be expected, with a slow and long decling of several years.
Of course maybe a few alt coins will probably survive this pattern and will show a more bullish pattern than shitcoins and...
Ether is soon to form a daily Smma golden cross.
Late compared to Bitcoin, but hey it's an Alt coin.
When the golden cross will form, the target will be the monthly main resistance
Support at 220 is going to be strong, support at 190 is going to be very very strong.
Lot of upside potential, not a lot of downside...
Good R/R Long swing T:
2Hours Support on Smma 200 (pink), followed by a breakout of the Smma 50 (blue)
2Hours Support on the Smma 50 (blue)
Confirmed both Smmas as supports on the 1Hour chart
Confirmed local support on the 15 Mins chart, both Smmas (pink, blue)
This is to hold long term, not for swing trading.
Daily is showing some clear support on the daily 50 Smma, after having spent the bear market below it (except for false breakouts that lasted only some days/week).
The pattern is clearly showing more buyers than sellers, raising over this blue Smma and using it as a support.
The Smma 200 in pink is more resistive,...