Hello everyone here's a quick look on BTC performance so far, in my opinion, btc has started a movement in a downward channel due to its correction. It's likely that it keeps moving within this channel towards 0.382 fib level. everything is indicated on the chart, so not much to say here.
the alternate scenario will be we break the channel resistance to higher...
The anticipated bull scenario from the previous analysis of mine played out, make sure to check it in the related ideas.
The chart explains itself, there's a big chance for BTC to get to higher highs in long term. the next target will be 7000 - 7100$
Here's a quick look on BTC. I am more bullish as : - all candles are closing above 200 EMA on the hourly chart
- it's testing the channel support line which has been tested before few times
- MACD is up-ticking on lower time frames
>> First target will be where the major resistance line and the channel resistance line meet, which is 6800-6850$ range.
Here we have an overview of bitcoin's performance. Since January, BTC has started a downward journey due to its correction. Assumingly, an ABCDE type of correction has been formed which is fitting in a descending triangle pattern.
Major Support and Resistance areas have been drawn where the support line coincides with 0.786 Fibonacci level. Moreover, you can...
Here's a quick review of XRP.
My statement stays the same as mentioned in the previous analysis. In fact, we anticipated the current formed waves precisely. Make sure to check it out in Related Ideas section.
I believe now we are on wave B of the overall (possible) ABC correction pattern. Therefore, I'm expecting a complementary corrective wave C. Of course, we...
Here's a quick analysis of XRP. We have 5 waves upwards, now it's time for correction.
Not much to mention here as the chart explains everything. However, if you have any questions, state it in the comment section.
Unmistakably, XRP broke upwards as we discussed in the previous analysis. Make sure to check that out in Related Ideas section.
Here's a quick look on XRP. There is a strong resistance around 0.93 region. In the comming up hours we are going to test this resistance, if we would be able to break this line, we can confirm the start of wave 5.
Because wave 3...
As discussed in the previous analysis, you can figure that we've hit our target by only 0.007 $ difference. Make sure to check out that analysis in the Related Ideas!
Here's another analysis on XRP from a swing trader perspective.
As you can see on the chart, This is a correction stage. A symmetrical triangle of type ABCDE seems to be forming within the...
This is a detailed Long-Term analysis on Bitcoin, considering different indicators.
Bitcoin had five waves upwards, where it hit all time high of nearly 20,000 $. Then, Since January we started a correction stage. Corrections are always necessary!
From a technical analysis point of view:
Correction:BTC has corrected to around the Fibonacci golden ratio of...
Here we have a detailed analysis of BTC. Make sure to follow me for daily analysis of cryptocurrency! Also, let me know your opinion in the comment section.
I believe we have started our journey in wave 3. Third waves are never the shortest, for that matter, we can target at least x1 extension of wave 1. However, x1.618 Fibonacci level (or higher) could be more...
Here we have XRP on the weekly chart. Unfortunately, As we can see, Ripple was one of the cryptos which retraced the most. To almost a 100% of wave 1!
After 5 minor waves up, so far we have an ABC type of correction. If we assume that we are done with the correction, we can anticipate the start of wave 3 which is often the longest wave! However, we could get an...
Here's a quick analysis on Ripple. let me know your thoughts in the comments section!
Wave (I I I) has already extended x2.618 of wave I which is typical for the third waves.(Third waves are often the longest and never the shortest)
As illustrated on the chart, wave II has only retraced to 0.382 Fibonacci level. This causes that perhaps wave (I I I) retrace to...
Let's have a detailed short & long term analysis on Ripple!
Make sure to check out the previous analysis from Related Ideas section and please let me know your thoughts in the comments!
Here's is a bigger picture of XRP from a long term perspective:
Because wave 2 only retraced to low Fibonacci levels (0.382), it is...
Here's a detailed analysis on BTC 0.65% from a swing trader perspective.
As illustrated on the chart above, we had 5 complete ways upwards, then we have done an ABC type of correction.
Based on what has happened, we have two scenarios which I am going to discuss it here.
Knowing that we have had an ABC correction, we can assume this ABC is the...