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XBTUSD 4 hr Chart:Where will the blood end? Looking back in timeWe are currently in this current range of $3550-$4498, with more downside on the horizon looking increasingly likely. We have yet to see a violent reaction that would indicate a bottom or reversal, so looking back to lat Aug-Oct may shed some light as to where we may find that. $3k seems all but certain at this point, but as each support broken becomes resistance, I'm starting to look more towards $2600-2800 for the potential big bounce . Trade safe out there folks.
BITMEX:BTCUSD.P
by UnknownUnicorn2934042
Will XRPUSD achieve the golden cross or just a fakeout?This is currently as close as we've seen a potential golden cross on the xrpusd chart. The question now is whether or not it will actually be sustainable or a fakeout. The next candle the 50ma will filter out is a red one but the next candle the 200ma will filter out is a red one that is twice as long...so It's still currently rather hard to say whether or not they will cross or bounce off and repell eachother instead. I've hodling this whole time and will continue to do so,unless I see a clear rejection but also a dip in the xrpbtc pair as well.
BITFINEX:XRPUSDLong
by DrDovetail
2
XRPUSD Pair about to trigger a gldncross on the 1 day & inv h&sTake a look at this picture perfect inverted head and shoulder setup on xrpusd's 1 day chart. Also take a look at how close the 50ma(in orange) is to rising above the 200ma(in blue) for a 1 day golden cross. Now factor in how the stoch rsi indicator has plenty of room to head upwards and is already suggesting its ready to do so. Lastly, factor in that we have already triggered a golden cross and inverted head and shoulder breakout on the xrpbtc pair...the golden cross on the xrpbtc pair has been sustained and didnt become a fakeout which is leading to huuuge leaps and gains over ethereum and btc...all this considered means the golden cross on the xrpusd pair should be sustained with similar results as well. While the rest of the crypto market has been in a free fall..XRP hs held steady making those gains against btc. Yet it hasn't been able to break out of the 48 cents-50cent range yet...once it sustains the golden cross on the usd pairing however we will definitely see it start to make 50-100% gains. First resistance will be back at the inv h&s neckline at 54-55 cents....once we break up from there the next target is the 75 cents range. This is of course just my opinion though so don't take it as financial advice for a financial advisor I am not. Thanks for reading!!
POLONIEX:XRPUSDLong
by DrDovetail
2
A look at the XRPUSD pair almost at golden cross!Normally my xrp charts are looking at the XRPBTC pair...but with more and more exchanges now enabling the XRPUSD fiat pair I think it's important to factor that in as well. We are currently right around 49 cents but will likely be heading upward soon...you can see the price action has been consolidating in a falling wedge which most of the times break upwards...you can also see here that if we were to break up from the falling wedge at this point where we are now testing its top trendline...the breakout target price would conveniently be right at the neckline of the inverted head and shoulders pattern now forming on the chart as well..We seemed destined to trigger the inv head and shoulder pattern on the xrpbtc pair so I think the xrpusd pair will inevitably trigger its inverted head and shoulder in the near future as well. So I think probability favors XRP breaking bullishly upward from this falling wedge fairly soon as well as a golden cross happening as soon as the next day candle to 3 days from now. Overall very bullish looking indeed.
BITFINEX:XRPUSDLong
by DrDovetail
XBTUSD 4hr Mex Chart: Bulltrap scenario, where's the bottom?Could see a possible bulltrap if we sweep local highs right before another dive down. $5k, $4k, $3k all seem like very real possibilities at this point for a bottom. $5400 being defended by bulls for the past 24 hours gives me hope that we are at least close to bottom, and of course we could just hold this range and get upward expansion, but I don't rule out if $5400 breaks again, things could go really fast, and $5k will be a blip like $6k was. capitulation
BITMEX:BTCUSD.P
by UnknownUnicorn2934042
ETHUSD 4hr Mex Chart: Looking pretty much the same as BTCETHUSD looking pretty similar to BTC on the 4 hr chart, possibly more downside, but a lot of these larger cap alts with USD pairings have faired pretty well on BTC pairings after the initial dive down. When BTC would spike down yesterday, ETHBTC, XLMBTC, and others held strong, while XRPBTC and LTCBTC actually had some substantial gains. A market that is less reactive to BTC movement is a very good thing, and the more coins that have high volume trading again Fiat pairings, the less reactive the entire market will be to BTC movement. The difference is small currently, but gives a glimpse to how trading could change in the future. I have bids scattered from $165 down to $145, but the bottom could very well be in for ETH, it has held up very well after the initial losses in spite of BTC continuing to go down.
BITMEX:ETHUSD.PLong
by UnknownUnicorn2934042
XBTUSD 4 hr Mex Chart: In search of bottom, yes, still.A $5k bottom would be somewhat poetic, as breaching the $5k line on the way up was a big hurdle before last year's bullrun. These lower wicks are evidence of some pretty strong buy support at these levels, but not quite enough to turn things around yet . I could be wrong, and things just consolidate here before they pop off, so I'm not looking for shorts unless there is an obvious LTF top I may try for a scalp, but mostly I am setting low bids that I expect to hit on some wicks.
BITMEX:BTCUSD.P
by UnknownUnicorn2934042
XBTUSD 4hr Mex Chart: In search of bottom$6300 hasn't proven to have much buy support as the slow ride down traps bears and bulls alike. The small bounces we've seen and lower and lower wicks downing liquidity makes me feel more and more that we have further to go. Possibly all the way down to $6142 level for a strong bounce, but hoping that $6209-6183 serves as the launch pad for a strong bounce off buy support(and hopefully market reversal). We could see something less dramatic, with a longer walk down to those levels before we see a strong reaction, but we all know Bitcoin loves the drama.
BITMEX:BTCUSD.P
by UnknownUnicorn2934042
XRPZ18: Hunt for a new long entry, short opportunityXRPZ18 has been a great long for me recently, and I still have a moonbag riding open long, but I think it may have a retest of some previous supports before it can move back up out of the current range. Would love to see this play out something like this, to give me a chance to re-open a long: some more sideways action before a deep wick down to 7440 sats with a strong reaction from buy support, followed by some consolidation before another breakout attempt of our current level.
XShort
by UnknownUnicorn2934042
XBTUSD Update: BitMex 30m chart, more downward movement incomingMy short down to a long played out perfectly early this morning,. Closed out short at just over a double up, caught a long, but closed it at entry and caught a lower one for a quick scalp, attempting this short down to a long play now for the 3rd time. So far 2 successful executions in the past day. Bids spread from $6333-$6319 then a stop before even lower ones. This could keep going like this down to $6200, and if it does, I am trying to scalp as many bounces and dips as I can.
BITMEX:BTCUSD.P
by UnknownUnicorn2934042
Stellar achieves a gldncross! Rches brkout target of fllngwedgeFor those of us who were already holding some xlm the slight fomo above the breakout target that created the current candles bullwick would have been an excellent place to take some profit. Props to anyone who acted quick enough to take advantage of that. We can ee here though that much like XRP, Stellar has also triggered a golden cross on the 1 day chart and shortly thereafter has broken bullishly out of the falling wedge it was in. Now is a good profit taking zone because the target has been met , but for anyone thinking of adding stellar and the long term hodlers of stellar there is more bullish action to come after this current consolidation if probability wins out. The golden cross on the 1 day chart is an extremely bullish sign. I of course always wanna be prepared for the exact opposite outcome should this be a golden cross fakeout. If I was adding to my position here I would wait for an indication it will continue to break upward. If it starts to consolidate into a bull flag I would then wait for the clear break up of the bullflag to add to my position. for now I think I'm gonna trade my previous holdings into BAT and XRP since BAT has been listed on Coinbase and XRP has had a slight consolidation dip that to me is a smart buy zone considering it seems like it will sustain it's golden cross and the bullish news about r# and SBI. I will always try to retain a small foundational amount of stellar though as I believe it will likely serve as xrp's competition with xrp having the verizonesque dominance of the market and stellar being the more affordable less desirable alternative (TMobile).
Long
by DrDovetail
1
Golden Cross on 1 day chart official on XRP. The golden cross is now being shown on the 1 day chart. We also closed the last 1 day candle above the top trendline of the bull flag we have been consolidating in. I anticipate a confirmation of a bullish breakout of the bull flag on the current 1 day candle. We also have closed above a 4hr chart inverted head and shoulder pattern that had developed inside the 1 day bull flag. This is also bullish...but of course with both the flag and the inverted head and shoulder patterns we need confirmation on the next candles and also bullish volume to go with those candles as well. There is still a low probability chance that we could get trapped with a fake out but odds of that are very low. Worth being prepared for all the same though.
Long
by DrDovetail
2