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We can see XRP has completed it's first 5 wave impulse and corrective wave thus completing a EW cycle. This appears to be the first impulsive wave of a larger wave.
When XRP moves, we usually see large and aggressive buying and it seems we might have started one of the new cycles.
Targets of wave 3 are 1.618x the length of wave 1, or 2.618x the length of wave 1...
SC has seen a major correction and is now looking to establish support on previous key levels, Support level has held and we saw a nice reaction from these levels confirming the support.
Updates and additional charts will be posted in the updates below
We can see the following major bullish signs form on SC/BTC
- Daily bullish divergence
- Weekly bullish...
If we look at our daily chart we can see Bitcoin has made 5 impulse waves down and is now correcting with an ABC correction
We are currently in our wave C upwards, this wave C consists out of 5 impulse waves up.
We are currently making wave 3-4 of our 5 impulse wave within wave C
We can see major fib confluence and 200 EMA support on the daily around 4630 USD
SC looking extremely good here for a very high Risk/Reward trade.
- Been in the same zone for approx 150 days which usually indicates accumulation at the bottom of a trend
- Higher low on the weekly/monthly
- True golden cross on the daily (48,5/13 EMA crossover)
- Daily closes give trendline support (see updates below)
- Made a higher low on the daily and now...
XRP/BTC and XRP/USDT are both showing signs of support and also signs that rapid expansion may be comming soon.
The BBW indicator is a tool that is used to indicate the range of the bollinger bands, a tight bollinger band means a high volatility move is likely to happen.
At the moment the BBW is at it's all time low. indicating that we might see a big move up...
After our initial entry at 12 satoshi, we saw NPXS hit major resistance at 20 satoshi.
NPXS failed to break and close above this resistance and was pushed back by the downtrend channel as shown. We saw a fake out on the 28th of feb which was pushed back inside the channel immediately.
NPXS has been accumulated heavily which is confirmed by the weekly and monthly...
Maybe going for the long stops just beneath previous low and create a spring from there.
Target is first resistance line
Chart is self-explanatory and follows accumulation schematic 2 of the wyckoff method. See link below for info about Wyckoff
MITH looking ready for a big run here.
We can see an ending wave diagonal with resistance and support line converging strongly
the 4h/daily has made a higher low since a long time
Daily divergence on the RSI which is lasting for approx 1,5 month now
Resistance zones are shown in the chart
- 14 EMA curling up for the first time since September 2018
- Daily RSI showing signs of strength
- Price looking to trade outside of the falling wedge soon
- Strong accumulation zone between 11-12 sats which made the price compress. No lower low was made since
- 200 EMA has caught up to the price
- Short term EMA's (14/50) could...
If we fail to hold this golden pocket zone we will look for an entry at the OTE (0.705 fib).
As highlighted with the red lines, we can see both long and short stops still remain in the market.
Liquidity can be found beneath the long stops and above the short stops, market maket will look for these stops to grab liquidity.
What is OTE?
OTE is the Optimal trade...
EMA's looking good on 1h and 4h timeframe.
Price broke above 50 EMA on 1h and now tested it as support. 50 and 14 EMA also looking to cross bullish on 1h tf
Price well above 14 EMA on 4h tf which acted as strong resistance previously
appears to have made 5 waves down inside the falling wedge
Keep an eye out for this one, very nicely forming falling wedge which seems to be at it's end.
Declining volume meaning bears losing strength
Strong bullish divergence on the daily
Bullish divergence on the 4h chart
DGD inside a falling wedge on the daily graph.
We can see the RSI is curling up very nicely showing us signs of strength, RSI often confirms an uptrend before the price does.
14 EMA on the daily is currently acting as resistance, as close above this daily or a break above the resistance line will confirm a big price move.
the 4h is also looking very strong as...
Let's sum it up:
- Stop losses raided
- Very strong horizontal support zone
- 4h had bullish divergence
- Daily RSI oversold
- Very strong falling wedge with near perfect trendlines
- 4h candle closed above 14 EMA
- 1h candle closed above 50 EMA and is above 14 EMA
- 1h 50 and 14 EMA looking to make a bullish cross
- Making higher highs on short time frame