In the weirdest price action ever, BTC price in USD and Shorts for BTC are structurally moving up together.
Is this fuel for the biggest BTC rally ever?
Does this mean we are in for the biggest dump of all time?
Whatever is going one, this exciting and interesting stuff.
If anyone knows what to make of this, please post in the comments.
Due to the potential explosive situation in Syria, Russia might come back to haunt the Ukranians and take more territory.
On the technical side of things we see a possible rejection of the Bearish MACD crossover on the Daily chart.
To be watched, this might surge.
Looking at Amazon, we can see that the parabolic Monthly RSI now has reached 82.
The weekly is also heavily oversold and, most importantly, we have a divergence on the Daily MACD.
If not this week, then probably next week we will see the morning star appear on the weekly, and we can start shorting.
Facebook will lead the way down.
Goldman Sachs just gave...
On this news (source reddit, NY times)
Rackham: “The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like bitcoin.”
We pierced the...
If not for the attachement to BTC, this would be the bottom of our chart and we would have strong reversal from here on.
- A Divergence on the MACD, both on 1h and 4h
- A falling wedge
- A low RSI tending to Oversold
- same Divergence can be seen on the 1h BTC chart
I have to put a long call here, at least for the short term, expecting also XRPBTC to...
Sharing this for consdiration on the 1h.
- We have a falling wedge in BTC.
- We have a rising MACD with falling prices.
- We have RSI tending to Oversold
This might be a good time to stop shorting.
I'd like to point your attention to the giant Bull Flag currently formed in XRP.
It completes the entire ABC-correction wave of the lasest Bull Impuls wave.
All-in-all, I'm sure BTC will have the last say in the direction XRP will take, but on this chart at least, I say a lot of Bullish potential is going on, including the Oversold RSI and the compressed...
I've plotted what to me is the most plausible scenario for BTC right now.
A drop down to the Fibo retracement and high of the 3rd wave in the previous cycle, then a slow grind around this level before we make the next move.
The bear will exhaust all the weak hands in crypto now, it will get some monet out of the market, but a lot of the money will stay...
As XRP touched the red retracement level, we have to wonder, did we see the bottom, or will BTC drag us down further into oversold territory?
Two things are important to know:
A. BTC is in Bear territory after failing to make higher highs and retracing past 10200.
B. XRP seems to have fully completed its correction pattern from the December high,...
Please check my previous analysis to have some more explanation of the the bigger picture.
This analysis attempts to draw the critical support lines for buyers and sellers in the coming month.
It might be blown to pieces in two hours following the hyped CNBC interview, but I felt I had to share it to allow people to make up their own mind about the...
There are many lines on this view, but here are the most important ones:
The Blue line marking the upside pressure (day closes) on the first retreat of the December breakout wave and the bottom of the wedge starting on January 22.
The thick Red line which marks the lows of the first December retreat and the resistance for the start of the February rebound.
This is the big picture view of XRP where you can see what is going on in terms of Price action and resistance levels.
We see that at the moment we are trapped between the 50 DAY Moving Average, the resistance line on the top side and the support level coming up from the two most recent major lows.
The support line is more important than the resistance...
Is it FOMO?
Is it anticipation?
Is it BTC moving to alt?
Is it short contracts being cancelled?
Whatever the reason, we have broken out of our pattern and used it as a support to rebounce.
Let's see how she rolls.
As predicted we are currently creating a bull flag on the hourly chart.
Target of the bull flag is 12800-13000, we are operating above two support lines, so in case we fall out of the flag, they should act as support.
Nothing has changed in terms of short and mid-term bullishness.
BTC still following my lines like a charm, didn't have to adjust a single thing, expecting 12850-13000 to complete wave 5, then consolidation and prepare for the next ATH 20.000+ end of May, start of June.
Not much else to say, check my previous charts to see I've been calling this pattern for the last four days.
Good luck in trading