Looking for higher prices in BTC/USD. Let's see...
Nice little shakeout here. Buyable dip, IMO.
We have transitioned from the BEAR to the accumulation phase. I don't expect $XRP to break the lows it's held for the last six months. I'm more #BULLISH on the entire #crypto market than I've EVER been. Let's get get it! That said, here is a doodle for the next few days.
Until we get a WEEKLY close below $2589.90 (30 week SMA) we have to operate under the assumption that we are still in a SECULAR BULL MARKET. We haven't even lost the 9M SMA or the 30 week SMA yet, so we can't call the bull dead yet. But, man did the last couple of weeks seem like a shot across the bow, or what? Maybe we should start thinking about what a cyclical...
Obviously, we will face resistance around the 200 day EMA & SMA at $10-$10.5K, but it appears that a run back to the 9 week MA ~11.5K is in order here. Lots of new "Experts" are certain that BTC is headed straight to $6k and are probably about to get caught in a MASSIVE SHORT SQUEEZE, which leads me to believe we will see $11.5K re-tested as resistance and...
We are in the midst of a LOW VOLUME consolidation within that beautiful triangle on the chart there and I suspect an upside breakout based on the sector strength alone. XRP is IMO the DIGITAL ASSET to own during the death of the WILD WEST crypto market. Let's face it, crypto became a NEW ASSET CLASS in 2017, it isn't going away. It has a real life use case. Moving...
I'm incredibly bullish on XRP long term as I've stated multiple times since July '17. I think this up move takes us to $1.58-$1.61 at some point in the near future, but honestly, I'm a little concerned with the lack of heavy VOLUME on this move SO FAR. I mean, don't get me wrong, today was good, but not great. We need great to go HIGHER. Dear Korea, Step UP....
Set a tight stop just below $0.89 and let's see if we get a continuation move. This looks like a decent entry for a relatively low risk/high reward trade. Bithumb is BACK and that is HUGE for XRP volumes. Let's see!
Keep an eye on this! Risky trade, but could be very rewarding! Place a stop below the triangle around $140 and let's see... Obviously, it would be safer to wait for the breakout and re-test to trade this pattern, but do what makes sense to you. Best of luck!
XRP is compelling in this area, but if $0.54-$0.56 area doesn't hold then we will revisit the $0.2226-$0.39887 range. Let's see if the 200 DAY and 30 WEEK SMA's can hold. That will tell us all we need to know for the short term... For the LT I look at XRP as an OPEN ENDED CALL OPTION on the IoV. Stable company, good management team in place, let's see...
This is a beautiful weekly candle if the bulls can close it. Should get a nice run into the $10K region AT LEAST. The bottom may not be in yet, but we are getting close, IMO...
I like LTC here as long as we stay above $137.57 which was the impulse low indicated in the chart. We've got what COULD be (not confirmed until break of $174.33) a double bottom with HUGE volume coming in, which is KEY. We appear to be making a falling wedge, and we have bullish divergence on the MACD and RSI. I think it's worth a trade here with a stop at...
Price retesting descending triangle breakout. If we lose $1057 looks like we grind down into the $950's...Taking back $1127 and having the 9 period MA cross back above the 30 period MA would make me reconsider this view.