MRF seems to be correcting and this could be a bear flag continuation of the fall. R:R is good for short here. but will wait for the breakout of flag.
Looks like a falling wedge For education purpose only. Will wait for the breakout to enter a position.
I think the blue trendline is being consistently followed. Its coming from the last run to 9.9k. I didnt draw it purposely. I just connected lower highs and the price is showing some connection to it. If this trendline is followed then 5.3k on the cards. which will mark 76% retracement from 900 - 20000 run. it might bottom there and then bounce or just fall like...
BITSTAMP:BTCUSD Test idea - 2
This breakout from 8k - 8.2k area had a large volume in small time. Could be start of the next awaited bullish move. This needs to be confirmed with a close above 8.8K Daily will turn bullish and money on the sidelines will start coming and might touch 10k by weekend.
This RSI dip could be like other Green circled ones but till now its in the red zone. Lets hope for green and be ready for red. Supports - 8800, 8500, 8200, 7500
Ripple waiting for its turn for so long, now with BTC, LTC rising high making atmosphere positive. XRP is breaking the wedge upwards and targets to look are $1.2, $1.35 in short term. MACD crossing, RSI going towards 70, Stoch RSI positive.
I have tried to point out similar scenarios from past, so we can understand what are the ways market can behave. Pull backs to 9050 or 8900 to open new positions for the upcoming rally. Overall a healthy bullish trading scenario. Keep your stoplosses intact though.
Is bitcoin in this channel or in this three drive pattern thing? Fall or arise chikun? Arise then maybe 9.2K - 9.5k this time Fall then 7.5K - 7.2K?
You are the best to decide, go long or short here. I have a short open after rejection from 100EMA and will look for the reversal to close it. Longer term still looking bullish (May be things start changing after chinese new year) Feedbacks and suggestions are welcome.
RSI - good, MACD just crossing over to bullish. Volume should increase to sustain bullish divergence here. Supports - 7600, 8100 Resistance - 8700, 9200, 9600
A small rehearsal before much awaited inverted H&S at 9.5K tomorrow!
Daily needs to close above 700.
Low volume suugests bottom is yet to be achieved. Capitualisation. Remember Ripple has bagholders. Its dangerous that way.
How long this fall might continue. looks like 50days MA will finally stop this fall and give an uptrend signal. 15th Jan expected date.
Might not bounce before march. Looks well supported and restricted.