The last downside move measured perfectly with a 1:1 ABC move... i think we are ready for the next impulse to the upside. In the 70k region are 1500BTC sell orders on Binance... I am pretty sure they want it to get filled before we go down.
I am playing this current market conditions as a running flat before our massive final move to the upside.
I think we are currently building our next bear market floor after this cycle.
I hope that this month is going to close red. In this case we have a monthly demand zone here after our blow-off top.
This cycle is definetly not over yet. We need our final...
XRP has finished a 2 year ABC correction that stopped perfectly at the 1:1 extension.
We had our first impulse from the bottom with an 600% pump. That was our Wave one.
We got a massive 80% correction as our wave 2. We are now in the middle of our Wave 3 that should find its target in de 4USDT region.
I see 30 USDT as our (first) final XRP target for this cycle....
After our first impulse down Bitcoin created a nice flat correction (3-3-3) and Elon Musk gives us our last Impulse to the upside. (Maybe Michael Saylor phoned him to give him his exit pump xD)
It looks like we are currently forming a tiny second wave of the last 5 wave impulse down. The big 3 wave to the downside should follow in the next few hours (Big players...
Hello moon bullas! :D
I know that 95% of the people that read this will hate me. This is the amount of people that are in profit at the moment. But i do it anyway.
In my last long term analysis I was way to bearish on BTC and crypto started a massive rally.... But is this rally sustainable?
Now is the time that nearly everyone that bought Bitcoin at any time...
XRP formed a Falling wedge Pattern with a deviation to the downside.
Now it found support on the upper Trendline.
This could be the start for XRP to finally meet the Falling Wedge target.
XRP is also lagging behind compared to other alts. So it has some fuel left in the tank.
We are currently in the middle of a 3 Wave move that hit the 1:1 extension and I would call this the B-Wave.
I think the C- Wave will hit us with the same intension(Time and Price) as the A-Wave hit us.
We should use the history of the old cryptos to define the picture of what we could expect in the future.
As long as we can't close a weekly candle above 500...
This is my personal idea of the future bitcoin chart and my first idea that i publish here on Tradingview.
So please don't be too strict with me ;)
I am really bearish at the moment beacause Bitcoin is an asset where everyone is bullish and crying for new all time highs after the halvening.
The general meaning: Buy Bitcoin... you can't lose... it only can go...