BTC weakly looking a bit on the weak side .
But... ! BTC still has to complete the move to 5/6k to wrap up this play. This move should come after a bounce at 3.2k.
This bounce will be the first lead-in for the bottom move and BTC should then move to 5/6k. This first lead-in move will also be a bull-trap
The second and final lead-in move is at ...
The weekly shows XRP failed to break past .38 and dropped to .32
The retest of . 34 also failed and XRP is heading back down .
Anything is possible in the wacky crypto space and and XRP could bounce off .32 yet again and take another shot at .34.
However my thought is XRP may move to .29 /.28 for a very strong bounce upwards
BTC dropped out of a descending triangle and failed a retest at 3800.
This has resulted in a drop lower to the next levels down . This could be a move down to 3580 ; however BTC can also recover at around 3690 .
I have a second graph which ill add to this graph which shows an alternate play BTC can make
This market is currently unpredictable and im playing ...
BCH dropped out of a bigger descending triangle with an end move of around 85 dollars .Whether BCH completes the full move to 85 remains to be seen,
Currently BCH is moving in a smaller descending triangle which has drop to the 106 area,
However BCH could also move up to test the bottom of the last larger descending triangle which is at around 146.
Anything is ...
XRP currently moving in a falling wedge and needs to move past .35 .
XRP faces very strong resistance at .36 which was the last strong support .
If XRP cam move past .36 it can head to .38 and take another shot at .41
BTC needs to move past 3865 (the green line) for a possible move to 4186 . Nice looking bullish candle but ill error on the side of caution and wait for a move past 3900 for my entry.
This is also a 9 candle on the 12 hour which means a possible 1 to 4 Candle move up and then possibly down .
ETH failed to break 163 and is heading to
108 . A much better move would be to move to 85 for a strong bounce upwards .
This would also signal the bottom for ETH.
Note ETH shows that its heading to 180 and 210 after the movement down completes
BCH failed to break past 197 and is going to drop to 110 for a bounce ,
A better move would be to drop to 78 for a double bottom as this will signal the bottom for BCH.
Note :BCH also shows that its going to hit 399 and 500 after its completed these moves down,