julio24albert

julio24albert

CHR is showing us major correction on possible wave 4 structure and this is the solid 5 waves structure we need to watch on current structure. - Following the rules of alternation. If wave two is complex, wave four is likely to be a flat correction - Wave 2 bounced right after it touched the .786 Fibonacci retracement level of wave 1. - .382 Fibonacci retracement...

julio24albert

It has been long time since my last update about Ripple. This is one of my favorite coins based on its project, fundamental and the CEO's background. However, the movement in the short term can be variable depending on current situation in the market. A lot of people say that this is the time to buy because the next bull run is going to start again just because...

julio24albert

During the time we do analysis, there are several things we need to know in details. Trading is not only about how to determine the strong price level in the horizontal basis but it is also about how will the market reacts in psychological way, whether the interest is still controlling the market or the fear is winning the battle. That's why we need to compare the...

julio24albert

Hello all, this time I will do a very details analysis about bitcoin which cover the technical analysis from price action and wave analysis. Although the price is now entering the consolidation pattern, we can still see some strength occurs in the crucial area of support in the lower time frame. However, many have doubted about this current strength whether it...

julio24albert

Happy Monday, we've seen the price of the Bitcoin keeps dropping since the last weekend. A huge corrective movement since the $59000 toward the $44000 which is pretty significant and has affected the whole crypto market which we see the huge downfall of another altcoins since its peak. The majority think that this downfall is because of the Elon Musk's tweet about...

julio24albert

Bitcoin is actually one of the most gainers asset in the 2021 or during this pandemic where we can see that it has been a huge gain since early of 2020 when the price met its bottom of this year's bull run. However, the $65000 became a huge hurdle for Bitcoin as we see the price lose a lot of momentum and the shifting from the the positive into negative sentiment...

julio24albert

Hello all, welcome back to the technical analysis about bitcoin. This analysis will cover the bias in long term about Bitcoin and what is my personal opinion about the yesterday's drop that affect the movement of the majority in altcoins. First thing is that I want to remind you that the price of the Bitcoin has already grown for more than 1500% since the low of...

julio24albert

Hello all, this analysis is still about the bitcoin's potential movement in the lower time frame which we know that in higher degree the price is still trending in the consolidation zone which provide with less volatility. But, in the lower time frame, we still can get benefit from the lower time frame's volatility with short term possible price action. In the...

julio24albert

It's been a long time since my latest update about bitcoin as the mother of all cryptocurrency. We know that the movement of the bitcoin's price will highly affected the movement of most of altcoins whatsoever. With current price movement of the bitcoin, We never know whether it's already at the top or the price will shows us another surprise in the future....

julio24albert

Although the price has already had a spike after a test at the $44000 zone at February 23rd, The bears are now taking over control for the whole market structure. A huge rejection since the .5 Fibonacci retracement is another confirmation of the potential drop in the future. The real essence of doing the Fibonacci measurement is to identify the significant levels...

julio24albert

This is the short term perspective of the bitcoin. I see in the 1 hour time frame, the price has shown us a significant price action as there is some levels below that can be touched in the near future. Currently, price is testing the support zone which is moving in alignment with the black support trend line. Considering how parabolic bitcoin's price has moved,...

julio24albert

This analysis is about the long term perspective about bitcoin which I see a potential decent gain in the future. but before that analysis, I have to remind you that this analysis is only the wild assumption based on the technical analysis only and not cover the fundamental analysis that may occurs in the future. I make this assumption only based on today's market...

julio24albert

Hello fellas, this is the newest update for bitcoin. In this idea, I'll cover the scenario that could occur in the next 3 months. These scenarios are pure from the technical perspective and not covering the fundamental perspective that can cause more volatile movement in the market. - Best case scenario For the best case scenario, this is the scenario that is...

julio24albert

If you ask me about the current Elliott wave structure, I believe it will be a difficult question for me as there are still a lot of doubts that occur in the current structure. However, I'll share with you in another perspective that also can be valid. First point that I want to share is that the price has already shown us a rejection since it touched the black...

julio24albert

On every decision point we are going to take, we need to identify some reasons and the main driven factor for the current price structure. If we are able to identify and find the main driven factors, it might be easier for us to identify the scenario and the perspective of doing some analysis. Here is my 2 scenarios which for me is the most logical scenario at...

julio24albert

In the last 4 days of trading session, the Ripple has been very volatile. It went up from $0.25 to the very high level of $0.75 which in other word gives the extra 200% in the last 4 days. But, on the today's volatility it has a decent drop too from $0.75 to $0.39 region at the time I write this content. There are a lot of pros and cons regarding the latest days...

julio24albert

Here it is when you see the price is moving in the consolidation pattern after the previous bull run, the bias is likely to become bearish. If you remember about my previous post about the market cycle, there are 4 phase of the overall market cycle that usually becoming my benchmark to identify the trend. There are accumulation, mark up, distribution and the...

julio24albert

To start this analysis, I want to tell you that this analysis will not cover the Fundamental analysis of Ripple which we know that the latest allegation from the SEC has brought a very difficult time for most of XRP's holders. However only in this paragraph I'll take a little discussion about it. It refers to the Brad Garlinghouse's statement that 95% of the total...