I love the parallels between the previous market cycle in this one.
This is a projection based on the previous market cycle's price action. While time is difficult to predict (can't tell if Dec 2021 will actually print the next ATH top), price action should be fairly similar, keeping the monthly EMA ribbon as support and going into the euphoric parabolic rise...
I believe XRP has bottomed in March 2020 capitulation and has begun its 1st wave out of 5 long-term bull market waves going into 2021-2022.
Wave 1 began in March and completes around EOY at around 80 cents.
Fibonacci extensions and Elliot Wave theory is used to predict levels and targets.
I present the subwaves of each of the 5 waves that comprise the macro...
I believe this space (cryptoland) is becoming very interesting as dominance slowly is shifting away from Bitcoin into some major alts whose projects have excellent execution and increasing/promising use cases as time progresses. Bitcoin continues to be a great store of value yet some alts are beginning to steal the show. It is my conviction that...
Welcome to another very brief update on Bitcoin!
The chart presents a Bull/Bear Market Trend Analysis based on the weekly bollinger bands on the Weekly Chart of #Bitcoin.
Breaking $8,500 and closing a weekly candle above that level is a major sign that Bitcoin is back in a bull trend. Until that happens, we're still in bear mode & the trend is your...
Hopefully this inspires you to invest in Bitcoin.
Check the 2 trend lines, price action prediction based on previous history as well as targets and dates.
This is obviously highly speculative, but noteworthy nonetheless given the upcoming halving and Bitcoin's deflationary nature.
Based on this, 2021 will be Crypto year - 2020 will probably be...
With XRP, think long term.
2 targets based on this analysis:
1- Re-test previous ATH around EOY 2020 (yes, that's one year from now).
2- $16 target at the 61.8% extension by March 2021.
The 2 targets in the chart based on an inverse H&S and the 61.8% fib extension of the iH&S.
I prefer a conservative price prediction based on TA, rather than waiting for XRP utility to shoot it up to the moon. That will come, just not this year it seems.
Welcome to another update on Bitcoin where today we examine the bearish scenario.
The bearish scenario I am seeing has a $6,800 level target, with the following confluences:
1- Target of weekly bear flag
2- 78.6% fib retrace from ATH to bearmarket low
3- 50 Weekly Moving average
4- Historical (2 year) S/R line with significant VPVR
Best way to...
If you check out 2018's bear market and the beginning of the 2019 bull market, it can be summarized as below:
1) Descending triangle
3) Ascending triangle
4) Massive bullish breakout
Could Q3 & Q4 2019 be printing a very similar fractal but on a smaller time scale and within a bull market this time?! :D
I think it's likely....
Welcome to another Bitcoin update on the Monthly Chart!
As usual, it's all pretty clear in the chart. I take a look at the MACD, Sqz Momentum Indicator and RSI on the Monthly chart.
Assuming we are in a new BULL market (as of April/May 2019), here are some points to consider on the indicators:
1) A bearish MACD cross never happens when BTC is in a...
It's all in the chart.
My theory is that there is a possibility that a repeat of the previous macro rounded bottom is happening right now. XRP technically is at the verge of massive upside; it is immiment, especially as BTC trends sideways and even downwards in the coming couple of months.
A rounded bottom has a very clear target if and when it...
Welcome to another Bitcoin update. I present the ***Bearish scenario*** for Q4 2019. (so as to always keep an open mind and examine all options).
It's all self-explanatory in the chart.
Basically, this savage drop to retest the previous bear market S/R levels (which is the target of this Summer's Head & Shoulders formation) around the $6.4k...
Check out this trade setup for a long (buy) signal on Link. Makes for a nice swing trade.
After correcting to the 61.8% fib retracement and approaching the longterm (red) support trendline, I believe Link is ready to explode for a 200% pump over the coming month or so.
Target at $6.18 is a confluence of AB = CD extrapolation and the 38.2% fib...