BREAKING NEWS, Bitcoin goes VERTICAL! Skip parabolic, this is a straight MOON SHOT to the ceiling! But what IS the ceiling??? BTC just broke through SEVERAL key resistance levels and every magical fib circle boundary that was directly up above that price line... without even taking a BREATH. It appears that the peak was at around $10,500. I did not see this...
The parallel trading channel has clearly been busted with the big red candles from October 22nd and 23rd. BTC has definitely influenced the action on the entire crypto market, and will continue to drag prices down in the short-term. What is the possible bottom point? I discuss the possibilities in my latest CrytpoPro video and give insight on what could happen as...
I've modified and cleaned up the XRP chart for this idea. Previously, we had discussed the blue ascending baseline as a critical indicator of the continuance of this trend. We poked through that heavy blue baseline a few times, but I made an adjustment lowering the slope of the line to make SURE we know what the critical base is just in case the candles broke it....
It looks like the price action played out closer to Scenario 2 in my last idea posted, but we are coming up on another pivot point. XRP is fighting to maintain that blue ascending base line that I have indicated. It briefly fell through the line a couple of times, and this had me worried. But it seems to be wanting to fight and stay above it. Take note, we are...
I've been experimenting with a new short-term fib circle set that might give us a little bit more information on revealing possible pivot points, and I believe I have found one. It is the Light Green set based on the time period of August 19th to September 24th. I found this a couple of days ago, but was hesitant to let the cat out of the bag. But as we can see on...
Notice how we are at the bottom of the oversold zone for the stochastic. I see a possible bounce, and correction coming. Here are my 2 scenarios, as per the All-Powerful Magical Fib Circles that have served us thus far with amazing insight on future movements. 1) I think a strong candle is highly possible, considering past action (even though past events don't...
Look for the next mini pump in a matter of hours. The stochastic is at rock bottom, and we're still in the midst of this micro up-trending channel. The blue baseline is the key. If we bounce off of the blue line again, which I think we will, it's going to get really interesting. Here's why... My eyes are dead-set on the orange line that marks the previous high on...
BIG RED PULLS UP PRICE & INTRODUCING THE NEW GRAY FIB SET! Okay ladies and gentlemen I have waited a few days before talking about this current movement, because I wanted to see if the XRP price line would fight all the way back up to the magical Big Red 4.618 fib circle ring. We have been bouncing around this line staying within its gravitational attraction for...
While all of the YouTube loudmouths are running off at the yap changing their minds every other day, I'm sticking with the same prognosis that I have had for the past several weeks: we are still in a downtrend. Just one week ago, a great number of Moon Boys flipped their opinions and started admitting that we were in for a long downtrend rather than a big upward...
What a nice spike to 0.28! While we've been in a miniature uptrend since September the 24th, the big question is whether or not we have truly reversed the overall trend. While this 0.28 spike is exciting for us bag holders, we've got to expect a nice correction now that we are flying high above the oversold stochastic area. The volume for this spike is less than...
Folks, as we can see, the magical fib circle boundaries that I discovered long ago are still holding their power on the XRP movements. Let's take note how the Big Green 4.236 has snatched in the price line, as XRP is currently crawling right up that ring. Previously, we broke out of the pennant formation before the crossing of the Big Green and the Big Red 4.618...
I'll keep this short and sweet. Notice how we have bounced around the Big Red 2.618 magical fib circle ring over the past several days? That's an indication of future action taking place along that line. Being that we are still in a clear downward-moving channel, there's a really good chance we will bail off of this ring and drop down to the next line, at the Big...
Just a heads-up, we might see a pivot very soon here. We are fast approaching the magical Big Green 4.236 fib circle boundary, PLUS the 4.618 Light Red boudary. The combination of the flag formation AND the apex appearing to fall directly on both of these known magical fib circle boundary lines tells me we could have a breakout. I can't give any prediction on...
Now that it is clear that we are continuing in the bearish channel, I've discovered a new fib circle set based on the time frame of August 5th to September 23rd, 2019 that could give us possible targets as the correction continues. There are many who still cling to the idea that BTC will immediately bounce out of this trend and move bullish, but the evidence for...
The main purpose of this post is to say "I told you so!" to all of the Moon Jockeys on YouTube. I have been so annoyed by all of the major breakout talk due to BAKKT that I could just scream. As per usual, we have experienced a dump on the day of great reckoning. First CME Futures. Then it was the ETF. Now BAAKT. Or BAKKT. Whatever the heck it is, it dumped. Next...
This will be brief. Did you notice how XRP wicked down to the magical 4.236 red fib circle boundary, and immediately bounced back up, completing a green candle? This is evidence that the 4.236 on my chart is still a "hot" line. It sparks action. It appears that the price line is headed back down to touch this fib boundary again. Now that we know it is still...
I had to get this in just to make a point. For months on end, we've heard nothing but moon-shot predictions from all of the YouTube jockeys concerning the BAKKT launch. Were they wrong? And are they still screaming breakout now? The answer is not clear. For the moment, we can say they were wrong. But that doesn't mean the story is over. One thing most people...
Guys and gals, I never would have guessed that I would be writing this post today reporting the fact that the price candles have hit the Big Red 3.618 magical fib circle boundary line. I thought we had a "chance" of a slight angle of ascent until we reached the next purple line, but XRP had something else in mind. The last time we crossed the Big Red 3.618 was on...