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Matic looks like it has nearly completed it's full corrective cycle and appears to be ready for another large leg up
We can see a falling wedge forming and we can see a trendline support.
Weekly is looking very strong (will post chart in updates)
4h zone is a very nice S/R flip (will also post chart in updates)
Huge accumulation can be seen on the bottom of the chart
when MFT hit the bottom, a 2bil + MFT buy was done which was over 25% of the circulating supply.
We are nearing a true golden cross (13/48.5 EMA crossover on daily timeframe) + price is currently trading above EMA's
Price has been in this range for 74 days now and is getting very tight which could indicate...
A large part of the community has lost hopes in crypto and this is usually the moment we could see some relief.
Most analists have been saying XRP should go lower but there are some clear signs that XRP could be on the verge of another huge cycle
Reasons to believe a bull run is comming for XRP
- Weekly MACD cross
- Weekly bullish divergence RSI
- RSI oversold...
TNB is about to make a true golden cross on the daily timeframe.
For those who not know what a true golden cross is, it is the 13 and 48.5 EMA crossover.
Research has shown that this crossover is the most reliable crossover to predict a rise in price.
TNB has touched the supportline and created a...
For this analysis we will be looking at the chart of XBT/USD on Bitmex
This pair has been purposely chosen as this is the trading pair with the most leverage long/short positions. This makes it easier to spot where/when liquidity is being taken.
Pretty much the whole crypto space is waiting on the retracement to rebuy BTC.
Currently I am seeing alot of the same...
We need some more confirmation before we enter a short position here but we have spotted the following on the LTC/USDT charts
- Weekly orderblock resistance
- daily multiple bearish divergences
- Risinging wedge
- declining volume on rise
- already x6 since bottom
- Previous weekly formed an indecision candle against resistance
We are now 56 days before halving,...
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...