BTC has been forming a falling wedge that started on February 4th, 2021. There has been strong bullish momentum off this level as this is now the second retest of this trend line this month. This has been a very prominent resistance for 488 days and has successfully turned into support. No one is truly expecting whats to come... great timing with mass fear from...
BTC has been leading the show this last week but it looks like that is about to come to an end. XRPBTC is ready to break out. It just retested its demand zone like it has every time before an impulse wave. I am expecting XRP to lead the show coming up here soon.
BTC and many other alts have all created the same structure, but are simply at different phases of it. This is considered a bear flag but we can see many examples such as XRP and DOGE. BTC has held previous supply zone multiple times now and has also broken out of its previous downtrend and has been creating higher lows. BTC tends to follow Major indices but has...
Sure, many can call this a bear market on lower time frames, but when you look at the big picture across the board, the uptrend is still very much so intact. A trend must touch at least three times on the bottom trend line to create a strong enough trend. That is what XRP has done. The last three daily candles all have wicked at the same place, which is showing...
The market is currently underging the long-awaited capitulation. Some coins look better than others, but ETH is one of the only coins that has just retested the 200MA on a 1week TF, wich BTC very close to doing so. It has also retested its previous ATHs from the top of last bull market, not to mention is sitting at the channel support. A strong hold and close...
BTCUSD DEMAND. Shall this level hold, i suspect a test of 34700. if 34700 can successfully hold, the uptrend will begin. Nothing is bearish about this right now. I am sharing this so that we are all aware of the pivotal levels and can see it play out in real time. If 28777 were to break, the next downside target is 23344. But as of now this is the definition of a...
DOGEA IS currently the only coin up on the day, and it has been a strong performer these last few weeks as well. It seems this week that ELON will announce the next steps forward with his future social media. Whether that be his own, or rebranding twitter. Either way, this platform be ran off crypto. DOGEs chart aligns with this belief as it has simply retest...
I just noticed another bullish formation XRP has had. It has created an Adam and eve. as seen by the V shape correction and then the parabolic curve that has been forming since the last bottom. This is a continuation pattern, which that is an uptrend. Neckline sits around 1.34
I Hope everyone has been taking advantage of my charts since the bottom back in the beginning of the year. XRP is already almost up 2x since and i expect us to multiply fast after that. Everyone calling for a BEAR market when theres red candles but that is because they are based in FEAR. When our major support levels havent even broken once on the weekly time...
The dollar has just got rejected from the top resistance. This is gonna be a crazy trading week... keep your eyes on this chart throughout the week.
XRP has been consolidating within the bottom half of this channel for the last three months and this cannot continue. That is because price consolidates to get prepared for an impending impulse move. Time will tell if we get a capitulation to grab all the liquidity in the very bottom trend line. The weekly candle did close finding support on the .618 support as...
Lower time frames look just as strong as higher time frames. Pay attention.
This is as self explanatory as it gets. Trend line has been reached. This is the best opportunity ive seen in the stock market i have seen in years. Take advantage of it, and don't fall into the fear that those around you may put upon you.
As mentioned in my previous post, BTC has reached its wicking zone. This was the area price wicked 3 times to form our bottom last time and has just done the same thing again. This is btcs last chance. As long as this area continues to hold, my view remains the same. NOTHING important has broken strucutrally.
BTC daily candle closure is looking great. the perfect retest that i have been anticipating in the back of my mind... i am confident... i have seen this too many times. also if you look back on the weekly btc channel we retested both of our uptrend lines as shown in one of my previous charts. The weekly candle wicked right at the apex. BULLISH STRUCTURE IS STILL...
Pay close attention to how xrp reacts. This has a high potential of being the bottom, so prepare accordingly.
US30 is too easy from a technical standpoint ill just keep it at that.
BTC had a nice throwback, but without any candles closing outside of trend line. clean retest of wave 1 resistance. also notice the apex of this uptrend line, as well as the bottom trend line of this descending channel. As well as the horizontal support that the 4hr just closed on.