Today is bad day for BTC/USD. It plummeted to 5500 dollar. It was Fibonacci retracement price. Now we can carefully expect that this price is last change for buying with lowest price. If the price is plummet again with breaking the support line 5500 dollar, We have to escape !! Run !!!
After upper breaking of falling wedge XRP/USD completed inverse head and shoulder. We can expect target price half of height between shoulder and head.
Yesterday, XRP/USD down trend in middle period was broken. After re-test, XRP soared and has been making new channel with up trend.
XRP is making falling wedge after big soaring. If break out is generated for upper, it can be collection wave. In this light, we can expect impulse wave. Of course we have to keep strict watch next flow.
Bitcoin dominance is making cup-and-handle pattern
BTC price plummeted and rebounded near lowest channel trend line. We can predict that the price can soar like this and can appear second huge plummet. Maybe it can be 6-5k dollar.
Maybe this famous analysis about XRP/USD was over
BTC price was rebounded around last line of down trend tunnel Sure, if it has retest of trend line, it can be broken or more soaring.
BTC/USD can start to 3 wave with falling wedge breaking. We can predict 2 targets.
ripple / bitcoin chart had very long period down trend channel. After the point of inflection, channel trend was changed 2 times. Now XRP/BTC is making up trend channel. Now the slope of channel is very low and it can be increased or not. We can check buy zone when the channel is changed with higher slope by breaking of channel.
Big falling wedge of BTC/USD can be trigger of 3 wave. And now lowest price is Fibonacci Retracement. So, we can guess the end of correction wave before new lowest price. this price can be buying zone. target price is 20000 dollar and stop loss is lowest price ~ 7250 dollar
XRP/USD price is making falling wedge in day scale. If this pattern is broken by soaring, we can predict 3 target. first resistance, second resistance and the highest price.