Completed ascending triangle pattern. Price could be in parallel channel. If so, price can drop to and bounce at the intersections of the yellow lines. Sept 2020: possibly $2012 or $1735 Sept 2021: possibly $2012 unless price breaks below channel.
Wyckoff, Elliott Wave, and chart trends/patterns. Because you can't Long Vix directly, Long something like VXX or TVIX.
If so, price would reach at least 2082 by end of April. Price would then drop between May and June. Price would eventually quickly rebound at about 1177 sometime around August. It could reach 960-995 if it breaks below 1177.
Technically, price can throwback to $1.99 USD, the ultimate target price, but $.58 to $.78 is more probable. Bulkowski states Falling Wedges often result in throwbacks of only 62% target price. Note: Falling Wedges typically breakout at about 60% of the Wedge’s length from start to end. That is not the case here.
Yellow lines indicate possible completed ABC correction. Descending channel indicates possible completed Wyckoff distribution. Blue lines indicate possible completed Wyckoff accumulation. The Wyckoff patterns imply XRP could rally to at least ~$.48. The ABC pattern implies XRP could rally much higher.
All in the chart. W1 - W2: Great Depression and World War II W3 - W4: Great Depression revisited and World Biological Warfare (COVID-19?) W5: Not calculated. Randomly placed. W3 price fib ext of W1 depends on how you calculate it but is between 2.618 (3 - .382) and 4.
Xrpusd (pink) and adjusted xrpbtc (blue). Adjusted xrpbtc (by x1000) to chart together with its usd pair.
All in the charts. Consider contributing BTC to the trading wallet provided in my profile. If you gain: to support me continuing to create similar charts. If you lose: to support me creating better charts.
Here’s the play. Good luck.
Bitcoin has been outlining the world map by hemisphere and country. What does it mean? Perhaps, Bitcoin is trying to signal to us that it will become the world’s currency?
30min timeframe accumulation has ended. Perhaps finally time to embrace the bear wave.
More than one way to skin a cat but not BTC. Daily, weekly, bi-weekly, and monthly all targeting about 7200-7300. I consider this a wave 2 down. Therefore, expect alt-usd pairs to drop with btcusd. However, expect alt-btc pairs to pump.
Short and simple. Xlmbtc should pump while btc drops. Target indicated on chart. Will likely have subwaves along the way.
Correction to invalid Btc idea that is linked. Depends on if you value EW and at which pink vertical line wave 5 ends. If at first line, then we’re in a new wave up. If at second line, then we’re beginning wave C or Y down.
Assumption: BTCUSD has finished a higher degree Waves 1 and 2, and a lesser degree wave 1 of Wave 3 has been playing out. In lesser wave 1, a subwave 4 completed and subwave 5 has begun. Subwave 5 could rise anywhere between 300-361% based on subwave 1 and 3. However, overall Wave 3 target is much higher, indicated by the horizontal line. Trade together, paid together.
Possibly completed a wave 1 and 2, and has started a 3.
Primarily speculation forecast with some basis from 1 min closing. At time of publishing, accumulation playing out on 1 and 5 min timeframes. Pink lines represent 1 min targets based on actual closing prices. Blue lines represent 5 min forecast targets based on pattern and the 1 min targets. Yellow line represents potential ‘spring’ in 5 min timeframe. A spring...
BLUF: Bitcoin likely breaking out above a descending parallel channel. Assumption: Bitcoin has followed a more-traditional Wyckoff Distribution pattern while descending in parellel channel since its recent peak on 26 June. Hypothesis: Bitcoin actually has been in Wyckoff Accumulation while descending in parallel channel since peak on 26 June. Depicted: Two...