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4hr

Golden Cross on 4hr chrt as XRP clears 200ma on 1 day chartNow that we have hit over 50 cents and for a brief few hours xrp became number 2 over ethereum by market cap it is consolidation time....this is very healthy as both the 1 day and 4 hr charts were very overbought and we want xrp to sustain this price range and not just experience a pump and dump...SHown here is the 4hr chart to illustrate the 4 hour golden cross but on the 1 day chart the price action is also well above the 1 day 200ma now which if it can sustain these price points can and it just starts ceating bull flags that it breaks up from which judging by the weekly descending triangle pattern we busted up from it likely will then we should see a golden cross on the day chart before too long as well..hopefully by early october...a 1 day chart golden cross would be a mega bullish sign...and I'm still hopefull that we can climb back above $1 an even $2 within the next month or so....of course keep an eye ot for any bearish chart patterns to start forming to avoid any dumps that could occur with parabolic pumps....this one fortunately has decided to take a breather which means its price is more sustainable than if it had just continued to skyrocket.
by DrDovetail
Breaking upward from current bull flag can take us to 6.9kCurrent resistance form the 4hr charts 200ma (in blue is causing us to form a bull flag...the pole of the bull flag should send us to a target just under 6.8k and allow us to finally surpass the 200ma and hopefully flip it from resistance to solidified support. I have a feeling FOMO will send us slightly above the 6.8 zone to 6.9k and possibly even to test the psychological 7k line if we are to have a successful bull break. I'm feeling optimistic about the likelihood of a break upwards so I'm listing this idea as long. Of course I will as always be prepared and ready for the exact opposite outcome as well.
BITFINEX:BTCUSDLong
by DrDovetail
11
GBPUSD - 1H BAT 4H CYPHER - ADVANCED PATTERN POTENTIAL Hi Traders, we have 2 potential advanced patterns setting up on GBPUSD Keep these on the radar and look for entry opportunities. If your an aggressive trader then make sure to front run your orders as we know the markets can easily hit entry and roll over to targets if your not prepared. As always Entry, Stops and targets on screen. BAT D completion looking very close to the even handle 1.28000 These patterns will be invalid if we break below the BAT A Leg - or for the Cypher if we close beyond the 141.4% Fib Ext I will also update these patterns if we get closer to the D Completions, as price action moves around we may also form Gartley Enjoy and happy trading
Short
by Oztrade
Ugliest inverted h&s I've ever seen but technically still valid.After one of the most massive bullish 4hr volume candles we've seen in a long while, We shot all the way back up to the neckline of the inverted head and shoulder pattern that never quite got invalidated but is now looking rather ugly. Had I been watching the charts when this bullish volume spike occured and saw the rejection I would have exited at the neckline as a very safe spot to then buy back in a few pips above it if it breaks out or accumulate a little more whenever it finds a resting place after getting rejected but I was unfortunately preoccupied with other things and wasn't watching the charts. Either way because of just how massive that volume candle is I have a feeling up will be the path we ultimately head. If this turns out not to be the case and we break down from here I will be prepared and may ladder out small portions but I am optimistic we will hopefully be heading up or sideways at least. The RSI on the 4hr seems to suggest we are reaching the overbought zone but I ahve yet to look at it on the 1 day chart.
BITFINEX:BTCUSDLong
by DrDovetail
GBP JPY Long PositionFundamental Analysis: Although at the beginning of last week there was a decent bullish rally a lot of ground was lost towards the tail end of the week. Depending on how much time is spent on the trade it should be unaffected by scheduled economic events apart from the CPI release on Friday. Brexit always remains an uncertainty and strong volatility can always be expected on this pair. Technical Analysis : Flat bottom triangle. Pinching and breakout in either direction is imminent. We have reached resistance zone that can be seen on the weekly chart, hoping for a potential bounce back to the upside. This trade is more of a price action trade than a fundamental one. This is my opinion on this pair. Always happy to hear other opinions. Good luck.
Long
by cboch123