The Parabolic Channel (Bitcoin)This is a follow up idea to my previous TA and prediction of 185000 cycle top for this bull run .
In my last TA i go over how 185000 Bitcoin could possibly be the cycle top and today I found two potential different paths leading towards that target.
White Trend Line
The first path is this white trendline, you can see on the chart we have created this very strong support line since October 2020 , if Bitcoin does continue on the trendline we could see a cycle top much sooner than we think.
Cycle Top
July 20th- August 15th 2021
Yellow Curved Trendline
Cycle Top
November 15th - 1st December 2021
But by far the most important find for me has to be this parabolic channel, its a very interesting channel which shows when Bitcoin enters its final phase before the cycle top, the average percentage increase when entering the channel is 169%.
If Bitcoin price increases 169% when entering this parabolic channel that would put a cycle peak at a potential 182000 to 185000.
CRPTOCURRENCY
Polygon (Matic) Buy Opportunity! Potential 50+ % Gain Polygon (Matic) Buy Opportunity! Potential 50+ % Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range. Buy zone 0.618 Fib retracement level @ 0.1507. Matic seems to have found some resistance short-term at the 0.50 Fibs, wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys.
Bitcoin domination - altcoins in danger?Many were waiting for the head and shoulders to be worked out - but this did not happen
Altseason is canceled for now, as there is a possibility that dominance will go up.
Be careful those who like to trade altcoins.
Maybe I'm wrong - but I'm looking forward to a big drop in bitcoin, and better places to buy alcoins in the medium term.
We'll see.
We're broke the descending resistance and heading upwards. Bearish for altcoins. It is better to just stay away from altcoins and not enter anything this week. Target is 65.5-68%.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
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XRPUSD - Symmetrical triangle breakout.Right here is the symmetrical triangle. We can see price moving in between the two trendlines.
Therefore I expect price to either break the resistance trendline upward to $0.64327 or break the support trendline downward to 0.41000.
Either way, I expect price to go long.
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BTC TO BOTTOM @ $26K AREA (BIG POP AFTER THAT)I predicted this in early january. DO NOT PANIC!! It was simply time for a nice washout and we are almost done with it. Remember BTC went up 11x (1100% ROI) since Covid in March. So yes, it was time for a nice pullback. This was not only due but EXTREMELY NECESSARY if we're to then go on and make new higher highs.
If this level is respected I expect a very SWIFT BOUNCE THERE & $50,000 COULD BE HERE WELL WITHIN A MONTH OF THAT $26K BOUNCE!
XRP LONG SETUPXRP has a beautiful M formation from a weekly perspective, we are also at extremely strong weekly demand at this zone we saw price push up over 300%, we also have a inverted head and shoulders forming on the daily timeframe, but what we need to see first is a daily close back above resistance then we can drop down timeframes and look for valid entry for the completion of the weekly M formation.
0.618 Fibonacci Level (bearish retest of uptrend) BTCIt appears sellers may want a retest of $31,999 ish and that will be the deciding zone for either continuation to the downside or more up. If we bounce here I'm expecting a retest of the downtrend trend line where buyers will either break out or get rejected to form a downtrend.
Patience my friends, never rush the process of trading.
Short Term XRP is Moving Lower Short Term XRP is moving lower setting itself up for a major potential long opportunity. With the formation of an ending diagonal in progress; with completion of the 5th wave looking to be in the $0.15 to 0.11 region. Watch this area for a major price move if the lower support level holds.