BTC weekly chart shows long wicks, and overbought RSI. Historically since 2014, BTC retraced to almost half of its value when that happen.
I think a retest of 6K is not out of the realm of possibilities at this time.
The upcoming weeks might be really ugly for BTC. Im not sure what that will do to the ALTS, but it probably wont be nice either.
Sorry for this...
in my opinion, BTC needs to close its weekly candle above this last July 2018 spike to confirm the end of the bear market. solid pump for the last two weeks. The market is green across the board. Volume is up, indicators are getting ignored, for goodness sake's, even the google trends site shows a spike on BTC.
be careful. I strongly believe we need a few HH...
MACD and RSI seems to show bullish divergence on the 4 hour chart for XRP.
I was expecting a retest of the ascending line thats currently sitting around 0.297$ on bitfinex, but it might not be right away. We might bounce back upward before retesting it... or not retest it at all.
at this stage.. Im tihnking of buying a few extra XRPs and selling them around 35...
Simple. RSI daily is rising since June.
MACD as well
Three ascending lines were valid since July, the yellow ascending line was tested, then the red.. then the most aggressive one that seems to be valid now: the purple line. That ascending line has been respected yesterday during the mini-dip. Price has bounced off it and indicators have shown bullish divergence...
Well.. right after I posted the bull flag on the 1D chart (a few hours ago), BTC dumped and this impacted the whole market. However, I want to point out that the bull flag pattern observed on the 4H chart a few weeks ago (see my past ideas) seems to be repeating on a larger scale. XRP price just bounced off EMA20, which is something we have seen 3-4 times while...
It is very possible that a bull flag is forming on the 1D chart for XRP. That combined with a golden cross is bullish. I am not 100% convinced because i am also watching a potential cup and handle pattern forming but this looks promising. Target would be around 1.30$ or so.
We might see a breakout in the next few days if this turns out right.
Now, keep in...
So about 3 days ago I presented the idea of a bull flag for XRP, with a target of 85 cents. We can see that yesterday the breakout happened, combined with a crossing of EMA50 - EMA200.
I think today - Thursday April 19 and Friday, we might see a continuity in this breakout with a target of 85-86 cents, perhaps a little bit more towards .90 cents.
I am not an experienced trader nor TA expert, but it seems that XRP is forming a bull flag (considerable size) on the 4 hour chart.
EMA20 has started crossing (in yellow) the flag. We might be looking at a breakout soon. especially if EMA50 enters the flag as well.
The target would be 0.84 cents in the next couple of days.
However, This could ultimately die...
Yesterday I published the idea that the pattern was in fact a double bottom. It seems to be going down a third time, forming a triple bottom.
If this is right, we should be reversing to the upward soon, and back around the 0.90 cents range.