bearflag target is .329 , big fib target is at .319 so this is the target range.
Moving averages need to catch up so maybe we get a false breakdown from this bearflag to retest .111
if we stay cleanly inside the lfag / above the .618 fib at .132 that woiuld be very bullish indeed
Buy dips but not below .111 because it might retest lower - 0.07 zone - which would...
Noun, echo, promise, nostalgia, rememberance. Yesterday. Diminishing
Should it exist?
im in a short at -16% ( shorting the bottom at .29. emotional in the moment, wanted to cover, kraken(Fitting, for the sea metaphor) went down.. and when it was back up i was at -15%. Times Five. big position. Silly. Kraken is another chart..
fib confluence informs targets. Death star candle on 4h signals the top, and ofcourse ada will fall with btc which also looks toppish to me
expecting pretty energetic bounces at each of the fibs and moving averages. I've identified a few where i expect bounces that might be worth longing on the 1m
although i guess you could sit on this pattern on the 1m for the...
chart says it. Two bearflags. One broke down with a target of 0.
Last few days (25-29 of december) has seen.. not a rally but a correction/retracement
Then on 29 the bearflag made by the retracement broke down. Target, as measured by flagpole length: Zero.
The drop overextended / found historical support at .17 cents and performed another...
Potentially bull run rout of steam here, if we take the preceding run - which also had a lowering RSI without new high ranges - as a fractal precedent.
Confirmed on a daily close below the 20-day moving average.
Reconsider on a succesful retest of the 50-day moving average.
Eitherway, a divergence between the 20,50/200 isn't sustainable and RSI is dropping....
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...