Total had a successful breakout of its falling wedge pattern. (55 day bear trend has broke).
Price is now currently retesting its breakout. (break & retest).
This super bullish As long as 1.37T can hold.
GET READY FOR A POTENTIAL REVERSAL!
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THIS IS A MAJOR FIND ON BITCOIN!
BITMEX FUNDING INDICATOR
NEGATIVE funding- Always bullish !
POSITIVE funding - Always bearish!
FYI- A negative funding rate means that shorts pay longs, and a positive funding rate means longs pay shorts...
It has been a very slow last two months. This may be close to an end!
Anticipated Drop has occured. In my last idea, I warned everyone of this and urged to take profits!
The blue line is the 50 week MA. BTC has never just broken right below after a new high was formed.
It has ALWAYS bounced. I expect the same.
That retracement is between 30%-50% of the drop from high.
That same retracement lands BTC...
The golden lines on the fibonacci would generally be considered the golden ratio and it has always shown great accuracy for a common reversal point during a bounce off a fall. If BTC can clear and hold the gold lines, it is then possibility to touch its high again and possibly break for ATH.
AS we can see with 2017 once the price rejected in this...
I have spotted a crazy accurate trend line on both market cycles! The green check mark shows how price broke above support, came down and confirmed, then rocketed!
The momentum has paced the previous week signaling a bullish move is coming!
XRP TO ATH IN MAY
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I have spotted a very important trend line that the price of XRP has bounced off. This trend has been well respected this entire bull market.
Anytime its above it has been bullish. Anytime below has been consolidation/bearish.
IF XRP can hold above the white trend line, It is still considered bullish. Important mark to break above & hold is $1.15....
Comparing the fractals of DOGE to XRP is fairly shocking. The structure seems to be very similar. The orange lines show how both coins got stopped near their previous ATH. After around a month of consolidation DOGE broke ATH.
This would put XRP at roughly $20.
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IS it time to be worried? The Log MACD signaled its first bearish cross since $10k. Each major cross above the .25 value on the MACD has resulted in a minimum -40% pullback.
To make this scenario more valid, there is a trend line that has been lowering over the years as each MACD top is lower although price is higher. This trend has 4 touches on it...