(XRP) Could catch a falling knife with this beautiful confluenceIf this local potential bear flag plays out exactly to the dollar on a resistance that is a directly on a trend line, a daily S/R level and some fib levels with market cipher b showing 1 hour divs and lower timeframes showing clear bullish divs as price hits the level it could make for a nice trade as XRP clearly likes to drop quickly and come back up.
Cipherb
Some potential range scalps/Day tradesContrary to my other post price could just come up to the top of the range into the resistance of a 0.886 fib level a monthly s/r and a naked daily point of control. If this can happen with mid timeframes showing momentum divs and money flow continues down price is likely to come back into the value area and down to the low of the range where it could either once again bounce back into the range or continue lower creating a lower low.
BTC Local range scalps If the bitcoin price can retrace down to the golden pocket that is sitting just outside of the value area low of the range and market cipher is showing some mid time frame (20-30min) momentum divergence' with lower timeframes showing money flow coming up toward the 0 line and momentum divergence, then it it likely to bounce back into the value area making it more likely price will get a move up back to the top of the value area where there is a well respected Fibonacci level and price could start to print a very broken down anchor and trigger wave (would look more like an anchor and trigger higher timeframes) that could bring price down for a lower low or obviously it could just continue to range.
Large potential head and shoulders 30k soon????If price does reject from this resistance (Hopefully it doesn't) and come back into the macro value area price could hit the golden pocket retracement of that move up which has a lot of confluence such as an old and very respected weekly s/r a naked daily point of control and a daily s/r. If price can bounce from that area with market cipher printing a trigger wave on higher time frames and lower-mid timeframes showing clear divergences on momentum and money flow price could probably make its way up to make a new high creating a huge head and shoulders with a target of 30k which just so happens to be the target for some other analysis I was doing.
While trading make sure you manage risk properly
But most importantly have fun.
Some potential range scalps/Day tradesAs price comes to these levels I would look for either a divergence on the 1 hour or just a trigger wave with the lower time frames showing clear divergences with money flow going in the direction of each trade and the vwap curving towards the 0 line also in the direction of each trade
BTC 4h Moving?BTC 4h is pointing towards a move higher here, Cipher B is showing all indicators are moving higher and a bullish trigger wave has formed here giving us a signal for a potential push higher.
We need to close a 4h candle above key 4h resistance for us to make a move towards the top of the pattern.
BTC 4H UpdateBTC 4h looking like we could print another trigger wave on cipher B and see some more short term upside, potentially even break the previous high which would be the ideal scenario, but I am still leaning more towards a bearish scenario where we come to retest the bullish daily OB.
Money flow is still in the green and we are sitting on on 4h support, we could hold either of these 2 levels and continue higher, but seeing as we currently have a lower high on the daily I think this is less likely to happen.
BTC Daily, Pull Back AheadBTC is over stretched and all the indicators are telling us we are headed lower, Daily signals are strong, I am looking for entries between 37 -40k
OB's will be key Zones to look for a reversal.
Cipher B is showing us a setup is close for a very nice Swing long if we get a bullish trigger wave below the zero line. Currently printing a sell Dot, if confirmed we could have a week of downside/ranging to come before our next move.
Cipher A is trying to print a bearish diamond.
Trade safe guys.
Updates coming...