BTC UPDATE (2H)According to the wave count and the fresh demand range, it is expected that if the price reaches the green range, it will be rejected upwards.
If the price reaches the green area, we will look for buy/long positions in this area.
The targets are clear on the chart.
Closing a 4-hour candle below the invalidation level will violate the analysis
Due to the dominance of altcoins, some of which are very bullish, it is possible that some altcoins will rise multiple times with the rise of Bitcoin.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Btcsusd
RIPPLE - Bottomed Reached.Late last year, we posted a Ripple analysis with the view that we will be reaching the 0.55 level. We have finally reached that level after a drop of almost 40% from our last analysis!
Now that we're at the bottom, what next?
We need to see if this level holds. As Ethereum and Bitcoin have not quite bottomed out, XRP can still sit at this level until the others join or we can move a little lower.
For higher timeframe confirmation of reversal, we can wait for the descending red trendline to break. On lower timeframe, we can look for reversal patterns such as double bottom or descending wedges - which will tell us that there's a reversal coming.
See below for our educational post on reversal patterns:
Let us know what you think.
Goodluck!
BTCS:USD Third Time's the CharmBTCS has had a healthy correction from a downtrend and is gaining momentum towards support zones ~$12, ~$18, and ~$28. If past patterns continue, a rise to ~$170 could be seen as well.
The market movements within Crypto and BTC itself have given a desire for investments in traditional fiat based stocks to broaden the investor portfolio and leverage liquidity in all markets. As a prominent entity in the crypto space, BTCS aims to provide a wonderful return for the long-time hodlers and believers.
Out-flows from BTC's current downtrend and all of crypto as well could be in-flows to stocks like this. With a Market Cap of around $2Trillion, that is a lot of liquidity for these stocks to absorb...
Bullish Hunchback almost formed!! Quasimodo is here!Bullish Benji here. Bringing you more Bullish action. Bitcoin is poised for a Yugeeeee Upswing! As you can see by the obvious Hunchback of Notre Dame pattern its reached the Hunch on the right shoulder! This means its very close to a swing up. Will see how it plays out over Easter weekend. Once its breached the right shoulder of this ugly bugger its poised for a rise up to 19K and upward and beyond! Quasimodo is here ladies and Gents. Stay calm and HODL. BEARS not welcome!!
I specialize in Hunchback trading patters.
Always bringing the heat, slanging this Bullish knowledge on my fans!
- Bulish Benji out.