marcopolo7

marcopolo7

Assuming BTC behaves, this is a bullish pennant in the making. Already looks like it touched all bottoms, so if we can break above the triangle, I would go long with a semi tight SL.

marcopolo7

For perspective only, my bias is bullish and the fundamentals are bullish with institutions getting in. However, can't deny this formation. That being said, long-term speaking, as long as it stays above 7700 or so, the structure since March is bullish overall (believe it or not). This is a pivotal point due to the fact we are close to a major resistance that keeps...

marcopolo7

I don't know about alt season, but it looks as though xrp has become a great investment at this juncture. Fundamentals are still solid. It can only go up from here, although a little laddering won't hurt ppl. Lessgo

marcopolo7

rising wedges usually break down, for now least target is ....2500-3000

marcopolo7

It's always fun to draw lines. But seriously, that puny drop just shows we have not reached the top yet. I estimate anywhere from 11k-11.6k as the final target before rushing back to 8500, fill some gaps. At that point you better sell your house because it's rocket time.

marcopolo7

So we broke the June channel, technically it doesn'g get more bullish than that. Even some pro's I follow keep saying we need to retrace, oh my my!

marcopolo7

My target is 7900, it definetely fits a Gartley chart (i.e. ABCD (X)) Not a high probability until we can close above 7350, however it is flirting with that level at this juncture. Not a pretty design I know, but I wanted to get the idea out. Long at 7350 with a 7200 stop loss. Don't forget the stop loss, save yourselves the anxiety and the risk taking, a lot of...

marcopolo7

Short term I am bearish on this pair, may move up to F and then drop to G. If it breaks G, I'll be looking to short. This is not a long term- view, just focused on this specific wedge at the moment. This type of wedge is considered a continuation pattern.