Looking at the bear fractal a few years back - the old support became resistance when the bear kicked in and BTC dropped below (blue horizontal support line).
From there it was some time before it finally built up and pushed through the now resistance (old support) which then became new support. BTC then overshot the support and corrected to retest support which...
Let's see where we go. On a larger TF we're forming a massive ascending triangle/cup n handle with res around the 10.5k sats (will post link to larger scale TF chart). Breaking above 10.5k sats will see 16-17k sats for my TP. Possibly with blow outs longer term to 20k+ or even 30k sats . Yep 30k sats ... craziness? We'll see.
XRP leading the way? #1 when? :)...
So hopefully everyone made some good gains on the stage 1 pump of XRPBTC.
I expect consolidation over a week or so before the stage 2 pump to 20k+ sats.
Looking at the big picture for XRPBTC you'll see the fractals and historic patterns.
Note in particular:
- 280 bars between cycles
- stage 1 & stage 2 pumps are approximately halving (50% less) than the...
I'm looking at the possibility of a rising wedge here and have taken profits on alts and opened small short positions.
If it breaks I will stop out otherwise we could revisit the 6200 area and retest the support of the old bear resistance TL. Timeframe looks like the next 24 hours for confirmation.
Irrespectively there's a nice bottoming out feeling for BTC...
Further to my last BTC idea, it seems the Wolfe Wave is playing out and that the final target may not yet have been achieved.
Potential dip to the 5600-5700 range as indicated would complete the Wolfe Wave pattern which is a line through points 0 & C in the wave.
Play conservatively and defensively here and don't lose assets on risky margin positions. While...
I think we're in PT2 accumulation phase as per the larger TF fractal which I'll link below.
Short term over the next few days/week I see sideways immediately which I'll be playing to sell spikes and buy dips while slowly building a long position. From there I'm looking for another touch on the top TL for a rising wedge or Wolfe wave which may have already...
Hi folks, I see an upwards channel forming here and see some sideways for a few days before the next leg up to 8k.
1 & 2 hour charts are above ichi cloud levels and the recovery/accumulation continues.
I proposed in an earlier idea that if the current dip to $7k pulled up short of the TL - that it could leave the door open for a new parabola to form.
Could this be it? :)
...should probably say something here like - "not a financial advisor"
Previous parabola's have formed in similar ways with one parabola breaking and a new one beginning after a correction.
With the continuing higher lows and my projected BTCUSD falling wedge breakout at around the $7800-$8000, that would make a 4th touch point and mark a solid beginning in the formation of a new parabola. Whether it continues or not - who...
As you can see the yellow circles are nudging the 200MA which is acting as resistance. Each rejection though is dipping less and less - forming an ascending triangle on the 200 MA.
Watch for the pink circle which is strong resistance - doubly for the 10k psychological plus the 200 MA. When it breaks 11k won't even get a look in as we fomo straight to $12k...
The target here isn't rocket science... more text book. BTC goes up, everything goes up but here I see an inverted H&S which will see us to a significant point of resistance @ 21.40.
And then? The moon of course.
I wish I bought in when it was sub $3. And I wish I bought the ICO before that but I'd never heard of it until the initial $5 pump n dump. ...
BTCUSD has now officially broken out the medium term bear TL and I've charted previously this larger Adam & Eve formation forming for a nice round curving consolidating bottom.
Price movements from here that I see happening (we're currently at $8860)
1. Up to $9000-$9100
2. Down to $7700-$7900 (right shoulder)
3. Up to $9000-$9100 (neckline)
4. Down to...