Seems like we bounced off for the 3rd time on the descending trendline of the huge triangle.
From yesterday's descending wedge, we have formed a flag. If it breaks on the side of the descending trendline above 4010 at the moment we will start a bull run.
If we cross the kinjun-sen, and we enter the kumo with a bearsih Chinkou span, we will be in a confirmed Bear period for Bitcoin.
We have few days to see which direction it will take but at the moment looks like we are heading that way.
BTC showing nice reversal signals on the 15M chart, also the 30M looks promising.
We are above the Kumo and the bullish lagging line, RSI, and oscillators are confirming the start of the reversal.
Resistance levels at 2450, 2510, 2600, if broken confimed a long trend to test the 2700 level again
An update for the XRP situation.
There is BB squeeze and multiple stoch RSI signals that and inversion trend is imminent.
Expecting a sharp rise soon as we are reaching the converging ends of the wedge
XRP broke the rectangle with a bullish exit. Will be a bumpy way up after so much accumulation but the wait was well worth it.
Good entry once trend will be confirmed also by the crossing above the bearish kumo.
Also good news abot keeping 55millions of XRP in escrow for a phased released in the market is a genuine boost to the solidity of the investment.
We entered the cloud, stormy ups and down in the cloud until a definite pull to the other side.
Short term expecting first pullback just before 11k then down to around 10700 or 10500 then up again until a definite trend is shown on the other side of the bearish kumo