XRP is moving heavily on rumor. After SEC situation is settled price will go up. Crypto is universally valued based on speculation and perception of value.. SEC lawsuit has drastically changed that perception. As when any small company defends itself against a large institution like SEC, ripple will emerge as a hero among cryptos. And this perception will cause...
Very clean AB CD pattern potential. Fib shows possible 1.18 price by end of the week. This would be a full completion of this patter. GRT has been moving independently of BTC and this could possibly continue. But it is also possible that it will drop if BTC begins to correct. trading volume is very good which will make GRT very appealing to traders that want to...
XTZ price has been steadily moving while btc xtz pair has been moving down. Due to sudden spike in BTC, holders are moving out of xtz into btc. This has landed xtz in the oversold zone by a good margin. When BTC begins to move back to xtz price will spike. MACD will make cross above center line within about week I believe signaling trend reversal. But the bottom...
looking at the weekly xtz btc pair, price has touched the bottom twice and is leveling out. Moving average is leveling out, RSI is just touching the floor of being over-sold and volume has created higher low on the oscillator. Signs point to a strong move upward within a week to a week and a half. This chart also validates an evaluation I did recently on XTZ USD...
looking at daily chart and marking support/resistance zones. XTZ is staying in upward channel. could take a couple months to reach new highs, but if you were going to buy at the bottom and hold, the signals emphasize now to be a good time. Possible that we could see 1.85 before moving up but the risk/reward on the long term target is very good.
This chart is drawn based on the path from 2017s high at 20k. The support and resistance lines are drawn using a rough approximation from what they were in 2017. There is some deviation from these levels but this could be easily explained by external variables such as the FOMO that was introduced when BTC made news by breaking record all-time-highs in 2017....
looking at 3HR chart. BTC has moved with strong volume up +15%. Simply put, based on the current support and resistance, we could see a slow drop to 8450, where price could bounce up and climb up to next resistance near 9050. If price continues at 8500/8600, watch for break above 8750. Price could push up to 9050. if price drops below 8400 we could see...
looking at 4hr chart. BTC has broken above the descending channel and is moving sideways along a previous support/resistance line. three possible movements to watch for in the coming hours or day. (use chart to reference price action, not timeframe) 1 - price bounces off bottom of support line around $8100. If enough momentum, could push through resistance at...
Looking at the 2hr chart, BTC is potentially forming a cup and handle patter. The dip to 9,5xx has recovered back to original value or more. Watch for a slow dip to form the handle. In a proper cup and handle patter the move up should continue and break through resistance to reach next target. For us this is 10,5050. But if price continues downward and breaks...
BTC price has broken through primary resistance with ok volume and by a good margin. How BTC holds price at 10,400 level will determine next buy levels. I've marked two cases and possible buy zones. I expect some retrace, but possibly that it will not be a lot. Based on regular patters and .5 fib retrace puts possible buy back zone between 10k and 10,050. This...
BTC price is nearing the 200 day moving average (light blue line). Price is also bouncing off the resistance(dark blue descending line) creating a triangle which will intersect in the next several days. If price continues along current support until it nears 200MA. This could initiate a break out. I would predict that the break out would be upwards because a...
BTC is moving along the descending resistance line in light blue which is now acting as support. If BTC reaches the light blue curve which has been acting as support since rally to 13000 we can watch for reaction to this. I've drawn three possible reactions for BTC. first, BTC bounces off and moves up sharply to test the primary resistance around 11,200. second,...
On the chart you will see several support and resistance lines I've drawn. The primary resistance is in red and starts from BTC first rally to 13000. The primary support is the green line which shows support for BTC since the rally to 1300. Now I would like to bring your attention to the light blue lines. The beginning of a parabolic blue curve acts as a support...
BTC hasn't been able to break through resistance at 12k after 3 solid attempts. Movements are a bit chaotic, but attempting to visualize the different support and resistance levels I came up with a vague support line. If its right BTC may touch around 11,060-ish again before moving towards 12k again. Lets see what happens.
ALGO has printed a adam and eve pattern at the bottom of a dip that started in mid July. ALGO reached its ultimate low at .50 and bounced hard up to about .85. The adam and eve formed just before the news that coinbase would add ALGO on August 14th. There seems to be a lot of anticipation for ALGO. While most alts have taken a -5%/-10% hit today, ALGO has gained...
On the chart you will see the first rally in 2017 where BTC pushed to 7,800. Rally started at about 2,000. This is +290% increase. This took about 4 months. Mid March of 2019, BTC was at 4000 and climbed to 13,900. This is +240% increase... See the pattern here.. This took about 4 months. After both of these climbs they dipped. In 2017 it dipped -30% and this past...
BTC has had difficulty pushing through 10.6k. and seems to be forming the right shoulder of a H&S. If it doesn't break through soon I think it will begin a descent to retest support at 9050-ish. This would form a double bottom and BTC would be strengthened to begin a move up towards 13k+. See my XRP idea for my correlation between XRP and BTC. Thanks!
XRP is bouncing along its 2 year support. You can see recently where it touched $0.295-ish and was rejected hard. I suspect that BTC will take another small dip to test support around 9300/50 in which case XRP will follow suit, testing the two year support around 0.28 - .295 - This will be my prime purchase opportunity. Buy 0.28 - 0.295 1st target 0.37 -...