Here we have the 4H with my previous overlay (using the fractal from April '21 highs). So far it has structurally played out very nicely. I do foresee one more pop to the upside around $1.25/$1.26 and then heavy downward pressure until sub $1.00. On the 15M chart you can see the trend line that we would need to break to invalidate my $1.26 short entry, but I would...
This fractal was taken from where the 2017/2018 bull run ended all the way to where we are now. I've overlaid it to fit on the 1D chart, and then zoomed in to the local 2H timeframe and pulled the fractal away and placed it below. I anticipate a retrace back up to the local .702 fib level followed by more downside. I know, I know, but XRP to the moon. Yes. I know...
Here we have clear repeating cup and handle patterns within themselves. I've seen it many times. Calling for .91 to .94 cents if we can break support around 1.02. Many won't see it coming. Which is EXACTLY why it will come. Happy trading! -Use a stop loss -No financial advice is contained in this IDEA! Thanks for your suppor!
*THIS IS NEITHER FINANCIAL ADVICE OR TRADING ADVICE. TECHNICAL ANALYSIS ONLY*. Well, it looks as though the short positions take a slight beating yesterday. This is not surprising however considering the price action has not budged over the last 14 days. Little bumps and dips, but nothing to give me clues as to price action. Yesterday, this bullish pump fits...
*THIS IS NOT FINANCIAL OR TRADING ADVICE. TECHNICAL ANALYSIS ONLY. Analysis shows BTC should reach target 1 sometime in the next 24-48 hours.
Looks like the right side of the H&S pattern is forming nicely.
***NOT FINANCIAL OR TRADING ADVICE*** We should see some bullish reactivation within the next 24 hours. Low leverage trading is always wise, so don't get caught holding the large bag if we go down. Likewise, don't forget to set your stop-loss if we go up. Building inverse head and shoulders. A downside turn to 6,100 area isn't a sign of complete bearish...