XRP is clearly one of the worst shitcoins in all the crypto space with the worst looking chart for the last year i has been dumping and bouncing doing only lower hight every time weaker. Due to that all tends to look like a massive dump is coming and we should know it soon.
We can see how ETH is slowly bleeding down since last weeks drop what is a bearish sign also we can see int he 4h a possible s&r flip while the volume is going down what mean that some volatility is about to come.
For the last week BTC has been ranging with no significant moves not looking to interesting and than 'll probably with a big move that currently looks like a pump it the price keeps the blue like i'll look good for the bulls.
After todays breakout of the treaingle BTC looks very weak so i would be suprised to see it ranging between the 2 red zones even with zone spikes going inside the zone.I think that we 'll be ranging for 2 days in that zone and then i'll dump to 3300 probably first dropping to 3500 but i dont expect it to hold so finally it would go to 3300.
If BTC breaks that upper trend line im 90% sure that BTC reach 5500 . we can see the formation of a triangle and also is a head and shoulder vert bullis imo.I'll just wait for the breakout and then long.
Watching to the BTC we might be seeing the . forationg of a bull flag what should be very bullish to BTC. Due to that i'll be looking very close to the tren lines of the bull flag and to the support and resistance to decidie if i open some longs.
For the last week i ve amlost been only watching the charts and i havent traded trying to have clear vision of were bitcoin is going to go and i think that it may to to 4200 if we have a breakout of the symetrical traingle were i expect the price to drop to th resistance zone. Acumulate and then have a breakout.But if it breaks in the down side that will be way to...
The onli oportunity to btc to go to 5500 i think that is if we see the formation of a falling wedge and this one breaks op finally formin a h&s what would make btc go almost a 30% up but if that 's not the case and it goes to the 3300-3400 zone the h&s would be invalidated and . So i'll just wait to see if that falling wedge takes place and then see if we see a breakout.
We can see that we might be in a simetrical traingle what taking in consideration that we already went down the least day that could mean a continutation pattern. but i will wait for a confirmation to short or maybe long .
For the last week i've been looking for that descending pennant and i think tha tthis is the final form of the pennat and the smollar pennat ad a breakout what should be a sign that we 'll go to 3600 fast but im still waiting so see if its not a bull trap. the main think tha ttake in considetation is the big pennant.