Almost same chart as yesterday, we can see the progression of the H&S pattern building up. Tomorrow BTC-USD weekly MACD will form a deathcross. XRP is actually strongly correlated to BTC price, ready for the last bearish move(probably) before the bullrun. In my opinion it will start somewhere in middle of September or early October. As for price, I think we will...
I think the graphic is self explanatory. Strong price correlation right now, small H&S forming in BTC that could confirm a bigger one, and it should happen in 2 days, the same day weekly MACD for BTC will form a deathcross and push it to the downside. We will assist to a fast capitulation of XRP price, touching the 0.21$ (I think). Also, this will be the signal...
Price heading towards 0.21$, possible heavy pullback after that to 0.29$ to retest resistance. XRP price is actually closely correlated to BTC price, wich actually is likely completing a bearish H&S pattern. I think if we pass the 0.29 resistance, a bull run will occour to 0.375$ after retest of new support zone.
Let me know what you think!
No financial advice intended
Hello everyone, this is just a test and my first chart ever :)
I think that BTC will go to 9400 USD short term, if it goes lower then we are heding to test bottom again (6500 USD), if it bounces and start going bullish we are going to see the 12k level. If we get to 12k, we might be bouncing very hard to the 5-4k level and lower. I know the linen aren't perfect...
