XRP is about to come on a large comeback
Undeterminable due to the age of this market but new money is entering and bigger players can drive this cheaper to shake out weak hands. Always keep in mind what the big players are doing... If they choose to 'sell some coin' it makes a much bigger difference when they are moving 1000's of coins when you and I are moving closer to .5-2 coins. Upside selling...
Last bounce was off of an old trend line and it seems that whales might have this trend line in their systems as well. Therefore, anything under $7500 could be a time to buy. Also, beware could easily drop to $6k and faith and weak hands broken if this trend line is breaks downwards
BTC failed to break Ichimoku bear resistance. Bears to briefly continue a downtrend until lower bound resistance is either broken or re-established. BTC/USD continues its old trend before FOMO exub and reaching lower bound of previous trend channel($8200) before a bounce back
Ichi Moku signals developing. Lagging Span about to cross price action -> Buy Signal Price action to break out of Span A/B cloud -> Buy Signal Tenkan-san rises over Kijun-san -> Buy Signal RSI has gone lower signaling it is perhaps at a good buy price -> Buy Signal MACD has crossed over on bottom of cycle -> Buy signal What do you think?
Greetings there fellow trader! I am new to using XABCD pattern shapes and so if anyone can take a look at my Bearish Gartley and give me a note of whether it looks correct or if I need to make an adjustment for the future it would be very appreciated. Bearish Gartley with increasing Sell Volume, Market to test the resilience once more
Elliott Wave and ABCD Bearish all pointing towards houstin going down. Testing weakhands against $6,000 again
Resistance found on 68.1 Fib Retracement and end of 5 wave Elliott Impulse. ALB is off now to find a different trend and to test the %50 Fib Retracement bear resistance
RSI indicators indicate shorts have entered the market, so if you are a hold, pucker your butthole because its not going to get any easier for a while. OR hopefully you sold some and can get back in. My targets are: Buy under .0003, Sell .00055
Signals are pointing to a further drop to 78% fibonacci at 10.75
We could return to previous trend before Crypto exuberance kicked in. Remember how far this has increased this year. This is not 'the end' but a HEALTHY correction to previous trends before non investors jumped in trying to win $$ to get rich and blew the bubble up. Look at ETH to buy perhaps in 1-2 weeks
BTC is still dropping to its old trend. Expect another drop to 6000 but consider buying between 5000-6500 depending on your risk tolerance
It's not a clear buy signal yet but it looks like we are ramping up for one. Look towards STR for the next 1-3 days for good buying opportunity Momentum MACD is conversing Stochastics reached the end of its bottom range and looks as if it will converse ----- This is not advice, this is just my my educated guess
RSI Breakout MACD convergence Retreated to standard fib correction between 50-68.1%, now it can continue previous trend
Momentum shift, back to trending upwards after stalling for a long period
Profits have been taken down to 50% Fib retracement but resistance holds. Momentum will start to shift back to buying now and will recover back to $.70 cents within 1-2 days.