I think it's fair to say at this point that the theory was correct, that now the resistance has been broken, and we're seeing the start of a strong push upwards.
Today we're looking at intrabar activity that makes up the details of that move, how it relates to XRP/BTC, and setting a range for the move. As you'll see in the video, I speculate we'll see price...
Monitoring breakout from the line of resistance that has been active over the past year and a half, as it comes up against support at .277, which has been serving as resistance since 2017. I believe we'll see exciting times ahead.
We're coming to the conclusion of this pattern, and it's starting to get exciting- the real battle between the bulls & bears is about to begin!
In this video, we look at XRP/USD, BTC/USD, as well as XRP/BTC - so this is a 3 for 1 deal!
As you'll see, I believe we're about to see a rather massive parabolic shift in XRP/BTC as BTC is coming up against some...
Big day for XRP as some bullish price action kicks in after being slammed to support over the past couple weeks. I tend to believe we might see another response from the bears before it's all said and done, however I think we're about to see the end of the bearish market.
Let me know your thoughts!
Response to the falling wedge video I made (Pt. 19).
We discovered that the wedge is bigger than we thought it was- expecting this pattern to continue until mid to late May. Should be an excellent buy-in moment when it's complete- I'll do another video around that time unless the pattern is disrupted before then.
I tend to believe we'll see a slight dip back to the green line before taking off again. We're in a falling wedge pattern currently. Expecting to hit .305 or so which will conclude the pattern.
I'll do another video in a week or so to assess how things have gone, and identify the buy-in moment. Thanks for watching.
Taking a look at a previous trade idea as well as finding support & resistance for the next stage of price action. Looking like it could be a relatively slow Monday, but the rest of the week and particularly next week could be very volatile.
I'll be updating the tentative trade idea mentioned in the video- stay tuned for new developments.
Hard to believe I've done 17 of these, but glad I have- as XRP broke my 2 primary lines of resistance over the past 12 hours. Very encouraging, as this is one of the harbingers of the bullish market we've all been waiting for.
Hope you enjoy the video, and let me know your thoughts.
I've been thinking of doing similar analysis on other financial instruments-...
Seeing a falling wedge pattern emerge on XRP which aligns with strong support. Be sure to use patience and risk/reward ratio in your favor which I discuss in this video- also take a look at smaller timeframes when entering trades.
Thanks for watching, and good luck!
Very interesting small timeframe volatility today, despite that, all price action staying within the range I've been discussing. The market has a lot of uncertainty right now, everyone's waiting for someone to make a move and buy/sell into that weakness.
This is the sort of environment that an announcement can make a big change happen quickly, and March could be...
The range tightens even further as higher lows and lower highs emerge, and a breakout looks to be on the cards as price action squeezes in. Because we're in the bearish range of that trend, it feels like bulls are gathering momentum.
Looking closely at XRP for the rest of the month, and expecting a large breakout to occur when these trends collide. Thanks for watching.
Monitoring a lot of volatility as predicted since my last video. Tremendous price action. We'll see this continue until the market decides whether we're heading up or down.
I think all of you know what my thoughts are on that.
Big reaction to hitting support from last video- well done if you got in as I said. I see a potential H&S pattern, but ultimately I don't think we'll see new lows- only higher lows and lower highs until we see a breakout of this pattern, likely in about a month.
We're getting close!