Over the last 24hours xlm has finally reached major double support area . EWT also lines up not to mention the 3 touch bullish divergence . A lot of alts have reached important levels these last few days and btc has also successfully retested the 41670 support. This is a warning for whats to come. This analysis holds true as long as buyers hold control off this...
Whatever way you want to look at this, you can see the evident cup forming. This can also be seen as beginning of a parabolic run. The w formation also signals a upcoming impulse wave to break neckline, then retest before making the 5th extended wave, as this is a parabola.
Notice how xrp moves in 10x increments consolidating around 5 something. price tends to apex at trend line channel which triggers the huge breakout. With that being said, in .... I hope you will all see why the best way to trade any time frame is sticking to the outsides. We are at the fucking outside. Price. channels. from top to bottom back and forth. All i see...
XRP has broken out of MAJOR falling wedge. Lets see a strong daily close outside of it and a large rally will follow.
This should not even need an explanation. You can see what happens every time price goes down to hold this trend line, or the horizontal line as support. Large fast upwards moves come afterwards. But this time is different, because in the past only one of the two above situations happened. But this time, BOTH situations are occuring at once, making an apex. The...
There really are too many price action similarities to count. XRP created a double bottom, then a large impulse candle up, then proceeds to channel. Last time, XRP channeled until it reached its long term trend line support. the trend line support happened to intersect with the channel support as well, just like it XRP just did this week. The large wick which...
This is a closer version of the previous weekly chart i posted on BTC. here, you can see exactly where each daily candle closed which shows even more retests of major supports. BULLS have been gaining traction... I wouldn't be surprised if history repeated itself once again.
Btc is currently at an apex and the bottom of the channel it has formed via the weekly. candle closure above this will signal bulls won. I also have never seen a channel that only touches the top trend line resistance twice... notice the apex, when multiple lines intersect. notice the last two times this happened. WEEKLY MUST CLOSE ABOVE 33K
notice all the similarities both created a very subtle higher low both filled wick almost completely backtest of previous major resistance breakout and retest previous trend line this area MUST hold or a major 50% plus drop can occur.
DOGE has broken out of major trend lines and is currently sitting right on support. I expect it to hodd the support, as the daily opened right on it, and it has since held. .28 is my first target.
XRP has comleted its 5 waves down. I believe xrp is currently at a bottom as long as it can hold this support. Making higher lows and accumulating for wave 3 to begin on small time frames.
As seen based on this chart, XRP loves 5th wave extensions. With the lawsuit hopefully settling within Q1/Q2 this will trigger XRP to have the biggest wave any of us have witnessed. Not to mentioN Xrps infamous HTF bullish pennants.
Hello all, please enjoy my thoughts on BTC. BTC lines up with the majority of alts, showing a potential wave 5 to ATHs. Similarly to the last two bottom formations on btc, we see a falling wedge has formed once again. Honestly this is too easy at this point. Dont pick up analysis paralysis during consolidation zones. all you have to do is draw the outsides. This...
Xrp has retested most important support, and currently breaking out of its top trend line. News should be coming out this weekend/early next weel to align with how bullish the crypto charts look. .77 was the make it or break it zone and looks too strong to even think about a break at this point. Inverse head and shoulders as well.
SHIB has gained support on the top trend line of the previous channel and has been making a felling wedge outside of it. 55ma has just crossed over the 100 and 200ma today and we are coiled so hard between support and the top trend line resistance of the falling wedge. Alot of Alts look very similar, just backtesting their previous resistances.
This is now the THIRD time bitcoin has created its favorite pattern, the falling wedge . Every consolidation it has had this year has formed a falling wedge . And this time is no different. Those who have had anty fear must not know how to look at a chart because this is more than obvious. There was a curved sell off, as well as a falling wedge that coencided with...
BTC has been forming a falling wedge since its previous ATH at 69k. As we are getting to the end of this wedge we have seen price continue to coil, losing volume. This low volume may continue on thanksgiving but in the coming days expect a move to the upside, and watch out for a potential fake out to make one more low. They want to confuse all the retailers, as...
This chart speaks for itself. Bullish indicator on top of bullish indicator. I have been ademate about XRPs rally, and it has now retested breakout of the top trend like that has been formed since the previous high at around 1.85. Not only has it retest this tl, but also the neckline of the bullish inverse head and shoulders formation. Xrp is going to start moving...