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
We have a falling wedge in XRP, once this closes, prices are looking to go up.
On the 6th of March both the CEO of Ripple and the CEO of coinbase will be in the same interview at CNBC, they might make some market-moving announcements which coincide with the tip of the Wedge.
All-in-all bullish signals for XRP, but volume needs to return for any of this...
I've been told I've drawn my ABC not correctly as B should be lower than A, but at least the chart follows my lines :-) as I expected the price would play out.
So, previous analysis is still valid, looks like we are going to 13000 for a completion of long wave 5 and then we can take some profits.
Still expecting new ATH in May.
Happy trading all,
I drew the waves as I see them developing from today until well into May, evidently I don't have a crystal ball and evets can change prognoses, but this is how I see things in a general trend.
We completed a short 5 wave up, and are now correcting in an ABC pattern, this pattern wil form a Bull flag, which will lead us into 13000 by Tuesday.
Then we will...
XRP seems to be lacking from a total lack of investor interest at the moment.
Every day new partnerships and beta tests get announced, yet no price movement, no volume.
The daily mini-rally from 0.91 to 0.94 is quickly followed by a red candle undoing the whole thing and that's that.
Let's see how long we can stay in this awkward situation.
My prediction: A long...
Very bullish signals form on the BTC 4h, we have the widening triangle and the green candles setting higher lows and looking for a higher top.
The only warning signal is the low volume, which could upset the bulls.
All-in-all target of 13000 remains.
So, looking at the 4h chart we can see a widening triangle appear, above the resistance level.
I'm looking at this as a bullish sign.
Going to call a target of 12800 - 13000 based on this.
Good luck everybody.
Hi all, BTC is currently sitting at, or slightly above the resistance level at low volume.
She is being indecisive about her future, their our two paths, here, the continuation of impulse wave 5 towards 13000 or the start of correction wave A towards 10200 and 9800.
Time is running out, she can't make up her mind, one final push will do it, will it be the bears...
We need 200-300 BTC points more of upward tempo to breach resistance, sunshine and rainbows after that.
If we fail to break we are left with an evening star on the day chart, which can result into more bearish sentiment.
All-in-all at the moment I'm giving the bulls the 66% advantage.
Putting money back in at 10900, stop loss 10200. Target 13000 before re-evaluation.
It looks like we completed down wave (4) and are creating the last wave up (5).
BTC will now face heavy resistance at MA50 and the downtrend channel, if it can break 11.000 the bulls most likely have won the battle and we are up and away towards 13.000
If the bears prevail, we are going back down and will face first resistance at 8800 with a likely target of...
Prervious Analysis is still Valid, if we have selling pressure today, 8800-8900 can be reached, if not, the 50 day MA will prove to be resistance.
Would advise to put the buy orders in around 8900 stop-loss around 8600 as that would be a clear break of trend.
Excepting a small surge from 8800 to 10200 and then we will have the real test for BTC, giving us...
XRP is looking to be one of the top performing coins in 2018, being one of few coins which start to get real-world use cases.
A cup and handle is currently formed, indicating potential to the upside, however since BTC is under a lot of pressure to the downside, a larger cup may form in the accumulation zone.
You can consider adding to your position in this...
I drew the elliot wave as it is playing out at the moment.
Currently in the leg 4 down untl we hit the support for MA200.
Then we start leg 5 up, has potential to complete a reverse Head-And-shoulders and rally upwards, can also find to much support for the bears and start a new down correction.
MACD also looks to converge and add to bullish sentiment at around...