BTCEUR and BTCUSD price actions did stay in between the bearish trend line established in February and the recent bullish retracing trend line of this August.
To complicate things the region is also crossed by the resistance level around 6400€ / 7500$ that we have already seen earlier this June and July.
I still am very positive on this market and BTC is probably...
It looks like a double bottom formed in the last 12 hours. Market is likely going up to find resistance at the .618 Fibonacci Retracement at about €7640. The region was the strong support on the previous fall of BTC so it may stop an retest lower values.
XRP escaped the tiny range in which was bound few days ago without going below 0.70 and recently bouncing at 0.88€.
I believe a Gartley might be forming which will close at 0.93/0.94 € around the same level it topped on saint valentine day to go back to 0.70/0.77 and up to 0.97 (top of 17/02/2018)..
What do you think.. could this be accurate?
XRP is trading rangebound inside a very tight range, with resistance on the upside at $0.98669 and support on the downside at $0.85.
If the bears break below this tight range, a fall to $0.72 is likely. If the bulls break out of the range, a move towards the 50-day SMA is likely.
(citing Rakesh Upadhyay here)
I've noticed 16 hours ago the formation of this...