holtmeierbd

holtmeierbd

-After recent highs XRP is experiencing a downtrend with multiple breakout failures -If Ripple can successfully break through the 61.8% retracement zone ($2.75), we should see greener skies -Monitor XRP's 1-day chart and historical gains

holtmeierbd

-XRP impulse wave currently in wave 3 (the longest wave) -Rumors of XRP being placed on Coinbase has investors hoping to capitalize (regardless if they are true or not) -Ripple is very different technically than other cryptocurrencies and allows a technical diversification for investors -I expect XRP to face physiological resistance at @ $1.50, $1.75, & $2.00...

holtmeierbd

-New money over the next 24 hours will flood Bitcoin -Wall street opens @ 8:30 tomorrow morning and decides wether we go up or down at previous resistance -In the end the little guy cant move BTC like the makers and futures on wall street can and that is why tomorrow morning will decide a lot for BTC in the short term. -Careful trading, but new money over the...

holtmeierbd

-The long-term impulse wave in BTC is now showing a corrective wave pattern. -Following the long-term games of the Impulse wave (12345) we are now experiencing a corrective wave (123) -Technical analysis in the crypto world is currently very tricky and speculative with the overall market reactions following the BCH Coinbase reveal. -In the end BTC is still king...

holtmeierbd Updated 

-Watch for a downtrend in LTC over the next hour until we reach wave E in the Elliot triangle wave -Once we reach wave E I see another test at all time high levels

holtmeierbd

-Short-term ascending triangle forming at recent resistance of $745 -Looking for confirmed break of that resistance with increased volume later today 12/18 -Or watch for a breakdown to recent support around $700 -Looking for confirmation with short time frame formation

holtmeierbd

-Previously on the 10th we saw immediate sell offs in fear of the C-B-O-E futures, but never retraced past wave 1. (Rule 1) -Today on the 17th we see a similar sell offs following the C-M-E futures, but wave 4 did not break previous gains from Wave 1. (Rule 3) -Physiological affects futures stop B-T-C gains in the short-term, but believe we could see B-T-C all...

holtmeierbd

-XRP has been showing sideways movement since its recent take off. -First published idea, FIB levels still a bit confusing to me but have been correct in the past. -Let me know what you think and advice is appreciated