I'm a strong believer in a fractal universe.
Nature is self-similar across scale.
Human behaviour and market valuations are natural phenomenon.
What i really like about this particular fractal is the scale at which it operates.
We can use a smaller portion of the chart
Against the entire one
to help us understand something.
Now a big, big unaccounted for...
Putting down some plot points to have a look at what we could be seeing. Don't see a lot of movement for ripple in 2019, to be honest. Well, no ATH at least , and a break of the downward trendline is unlikely but not unthinkable.
Maybe it will break down and end up in a ditch.
Current pattern is not a bottom, it's a bearflag. Projected target is around the 2500 zone. Expect bigger moves early summer.
Bullish resistance is at 4700 at the moment, and quite strong. Bat pattern forming inside this bearflag pointing at the downward trendline and that solid resistance area.
We could see serious bullish momentum if we get above these.
Below the 0.236, below the 20ema and 50ma on the 4h, and inside this wedge thing, we are headed for another touch of the bottom trendline. around 0.57 USD
Zoom in to watch it retest and fail to breach the 20EMA. On top of that, there is the double top at the 0.236 fib. @ 0.93
So yeah, bullish above 0.95 if we retest that level - false breakouts can happen.
Decreasing volume, classic topping patterns, predictable fib level resistance appearing.
The whole rally got stopped by the daily 200 moving average; there are some interesting patterns going on on the daily to suggest this is just a little correction in a downtrend.
Short below the lower of the two thin black trendlines for a bounce to the thicker one, back up...
So, what kept it up? I don't even know. Some fib no doubt. Interesting part here is:
Nothing did. Just some whatever trendline.
We bounced up to this 0.382. Then we bounced to the 0.236. Then we dropped, hard, and now we bounced off the trendline between the two lows. But we' re already running out of steam.
We're going down lower. We're going down a lot...
I've identified some fib levels which we can look forward to reaching in the next 12 hours if we break above 1.5912
I don't believe we'll go much further than this for now, since bitcoin/usd is - as you know, see related ideas below - still due for another leg lower (anywhere between 8k and 6700).
So, for now looking for XRP / USD targets of up to 2.39, perhaps...
while a short term buy to the top of the channel is a possibility here,
I don't see it going higher before the following conditions are met:
a breakout above the green line. A close above the 200MA. A retest of either with a turn higher.
Until then, I expect it to go lower still, along with the rest of the crypto market.
Draw a high from the previous high to the bottom of it's real correction (4h retraces to the 20MA, in BTCUSD's case, work.)
Now, extend to the current peak.
Is it failing to retest the 0.236? Get out, prepare a to buy at the 0.618 if it holds.
0.618 holds? buy but prepare to sell at 0.382.
0.618 fails? try at 1.0
Buy at 1.0 but prepare to...
Still believe we have a few more steps lower to go.
There's great 10-15% swings to be made up and down tho, on the way there. Might start getting into that
We keep getting turned away at the 15-minute 50, and whenever we get above the 20 people get super excited thinking 'OMG this is it, back to a million from here'
We shouldn't be looking to buy until noone...
What we see here is .. some thin vertical lines which is a period projection i put on over 6 months ago and is lining up both with last decembers big rally as well as with this big dip.
I think this is 'the' dip.
Projected down from the last hourly head and shoulders, 8800. This also lines up with still quite a bullish trendline drawn in Yellow,...
In my opinion,
If you find AION an interesting investment, then Look at this hourly 200 moving average pullback for a buy entry.
It is also the 0.5 of the entire move higher, and we are consolidating quite nicely around it.
This is the dip you'd want to get in on. AION already bottomed when everything else did and is headed back to test 7461. If we go above...
So, Seems that verge is ready to go up again. Beautifully broke out of the wedge consolidation and the bunched up moving averages, came back to retest the breakout right where the moving average 'broke out' with it. Now it's going higher. It's as buy here and I will be doing so.
Entering trade around 1417 satoshis.
I still like 2827 - 3167 and...
I'm not convinced it won't go down to test if it will close above the 4h 50 yet, but I do not agree with the bearish sentiment saying "this is the road to 11k / 8k"
it would take a titanic dump for it to go below 15k. Forget 14105 barring.. an IRS crackdown on private traders.
Look how oversold we are, look how long the RSI has been flatlined at literal...
So, Aion decided to break out. Good stuff. We can use the fib target it broke above on it's way up as a stop, which is quite close at ~6000
Targets are previous high at 7178, but north of that we have the next fib targets: 9053 and 12087
Note that it would take quite a lot for it to got above the red trendline, so would be very bullish if it happened before the...
look at this coin.
It's working to stay above the 200moving average - partly by staying above it, party by dragging it down with it.
Once we open and close a candle above it, we will see a good rise in this coin, with a big upside if you're willing to wait a few months.
Now, the reasy i like it today, is because of this hourly...
Here we see siacoin having found support at the 1.272 fib. Coincidentally, below this level we should consider getting out for another pullback.
Now, we're breaking out of a flag pattern. For confirmation, closes above 388 and 407 should do.
Upside targets are the fibs, but most notably for now the 550-570 level, because we can identify a bullflag here, and this...