Hope everyone is staying safe.
First thing to note is that this is still a little early to enter.
RSI - Breaking out and gaining momentum
PA - Appears to be forming a Inverse head and shoulders
EMA's - Appears to be holding and 55 will cross ema's
PA - Hasn't made a higher low / higher high yet
Ema's are getting closer to...
Whats going on guys?
I am seeing all kinds of crazy predictions on what BTC next target is and they make absolutely no sense!
So what I will be sharing with you guys is my predictions based on indicators and EW theory not just some blasphemy.
(I will be going into detail)
So here we are on the 4hr taking a look at BTCUSD and we can see that we have...
XRP is way oversold and is hitting the support line that its been fighting to the past couple weeks now.
Based on trends it looks like it might gain some traction I am only looking to make a few percents off of this swing for the day.
Also if you look at the Bollinger bands you can see its falling way out and its due for a correction so we can expect it to go...
So it looks like BTC might be breaking out of the downtrend channel and forming an uptrend channel. This might be an opportunity to get in and lock some profits.
It has already retraced at the 61.8 fib level on wave 2 and it is forming another wave as we speak. I am unsure on how high it will go but it is possible for it to break the resistance on the yellow...
So everyone is talking about where BTC is going to hit and all these crazy numbers. Just recently I spotted a few trends that might lead to some short term trades. (1HR Chart)
So you can see that BTC broke out of a wedge and looks like it wants to keep going to 10K+ and The RSI has a beautiful wedge as well as the MACD with a bullish crossover.
I feel like this...
So I was just minding my business then next thing you know I see XVGBTC forming a nice standard wedge on the RSI looks like if it can hold the beating it might break out.
Also if you look at the MACD you can see a bullish crossover so there might be some room to make some profits here.
It has good volume for the first 4 hours as long as it can keep that volume...
Its ya boy CoinMasterFlex and I am right now looking to make a few percents on $XRPBTC.
So right now I am viewing it on a 30 minute chart.
As you can see it's been having a bearish trend for the past couple days but it spikes back and forth. I am not looking to make a crazy gain but I do believe making a few percent gains safely multiple times is...