Ripple is cryptocurrency with great potential and yet it hasn't lived up to expectations considering how bullish the majority of the crypto's have been. However, it's just a matter of time before we see ripple start making strides towards new heights and this could potentially be the trigger. The market has come into a support structure and has clearly respected,...
Bitcoin cash has shed almost 44% of its value with the recent retracement and now it is approaching a support level at around 375, this will present us with more buying opportunities and if that happens then we can aim for our take profit target at the 141.0% fibonacci extension (963) of the last bullish impulse leg.
Litecoin has retraced back into a major support level and this is the perfect opportunity to go long because the market trend is very bullish and we could see a 90% rally within the coming weeks which will take us to the first target located at the 141.0% fibonacci extension of the previous impulse leg.
Bitcoin has retraced by around 25% of it's recent all time high of 58-59k and now It's approaching a very important area of support between 30k and 41k so we can expect a lot of buy orders to come in once the market reaches this zone. Short Term Neutral, Long Term Buy
Ripple is gearing up for a 100% rally which will like happen soon. This is based on the current market structure where we are seeing the market staring to form a bullish corrective structure so if you haven't yet bought ripple then this might be the last chance to do so before we start a very long bullish market. Short Term Bullish, Long Term Bullish
Bitcoin has been in a bullish corrective structure since the first week of January and there's a very good chance that that correction is about to end, which means the bullish trend will continue soon.
Ethereum has completed a leading diagonal reversal structure with bearish divergence on the RSI so it's just a matter of time before we get a major retracement back into the previous support level which is located between 552 and 650. This will represent over 50% decrease in price and that may seem unlikely but cryptocurrencies are very good at springing...
Ripple has been consolidating under a major structure level now and this consolidation is turning into a corrective structure which will suggest that one more impulse to the downside is very likely. If it is a 3 wave corrective structure then we can expect XRP to rally to around 0.42 before it starts descending. Note that this price is also the 127.0% fibonacci...
Bitcoin cash is one of the very few cyrpto's that will go down considerably before turning bullish. There's a very good chance it will retest it's 2 year low at around 71.50 and that will represent an 80% decline from it's current price of 400. So if you are planning to buy Bitcoin cash then you might want to wait for it to go lower before buying it.
Here we have the pound at a support level which i expect it hold and give us a move back up into previous structure. This is a simple technical analysis that doesn't any further explanation.
Good luck traders
After a 333% rally in the last few months, Litecoin is gearing up for another 180% rally in the coming months. Th market is currently in a corrective structure and we have a major support level between 82 & 93, that will be the best price range to look for longs.
There's no doubt that XRP will be bullish in the long term, however, in the short term i see it revisiting Lows we haven't seen in a long time. This will present us with a chance to buy or add to the positions we already have. Buy zone is located between 0.01 and 0.11.
So what kinda strategy do you think this is? Descending Channel? 5 Wave Corrective structure? Complex Contraction 2? Midweek Reversal? Well, it all depends on your view! Regardless, I'm expecting this market to head down in the next couple days so let's what the market will do.
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Hi traders we have a potential shorting opportunity setting up on GBPJPY. 2 different strategies are in play here, we have a potential bearish gartley pattern that is likely to terminate around 144.70 and the market currently putting in a bearish structure so watch out for a break to the downside in the next few days/weeks.
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Bitcoin has made an impressive rally recently and I don't see anything but a continuation, however, it will not go up in a straight line so i do expect a deep correction to happen sometime in the near future and possible when the market reaches the 2.618 Fibonacci extension so i will be monitoring this and expect an update as we continue rallying.
Good luck Traders