BTCUSD puts on the big gains 10+%DogeUsd bounces back
Some of the biggest daily Cryptocurrency gains today as BTCUSD chases the breakout-zone and now sits within striking range.
BTCUSD is still part of a 3 x Top system on monthly, weekly and daily charts. Right now it seems be retracing down in price but I don't think it will move down much further as its immediate and intermediate Gig is to breakout past 75,000 very soon and taking Cryptocurrency with it.
DogeUSD puts on more than 14% during the last trading day.
TRON TRXUSD is in a fantastic setup now on the higher time frames, see my Post on TRON and the setup, why it's one of the structurally strongest charts in existence and why I see a bullish turnaround in its price very soon. It's price is still under 20 cents and its only getting fatter going forwards.
Crptotrader
TAO/USDT EXPLOSIVE MOVEMENT!!! TAO SMASHED through buyside and VIOLATED the hourly imbalance. Where is it going next??
After TAO smashed buyside and violated the hourly imbalance, we must look for our next area of interest.
Looking at the hourly chart, we see that there is a volume imbalance that needs to be rebalanced AND an hourly SIBI that needs to be rebalanced as well!
Looking to see how price reacts when it reaches these levels.
IF it violates these levels, then it's telling us that it wants to take out more buyside liquidity.
IF it respects these levels and shifts in market structure lower, then we shall see a reversal to the downside.
There are always multiple outcomes so it's BEST to be patient, and RESPOND to what price is telling us rather than REACT!!
Remember:
THIS IS NOT FINANCIAL ADVICE. I AM NOT A FINANCIAL ADVISOR. I AM SHARING MY IDEAS IN HOPES OF OTHERS SHARING THEIRS WITH ME AS WELL SO WE CAN LEARN AND GROW TOGETHER. TRADING IS EXTREMELY RISKY SO BE CAUTIOUS AND TRADE AT YOUR OWN RISK. DO YOUR OWN RESEARCH. ANALYZE YOUR OWN MARKETS. AND TRADE SAFE!
Bitcoin Update 2023The bitcoin market operates in repeating cycles, like clockwork. The left chart shows Bitcoin's performance in April 2019, after a significant increase, taking it out of a capitulation range. The right chart displays the current situation, and the strategy so far has been straightforward: just look at history. If the cycle repeats, we can expect a breakout in 10-15 days with a target of 35,000.
35,000 is a crucial level for multiple reasons, including being the 0.382 Fib and the highest CME gap. This level could potentially be the top of the relief rally, but it is expected that human emotion and FOMO will drive the price higher.
Mayer Multiple bands
The chart is clear , the cycle is repeating. We even formed a small base over the yellow band just like in 2019.
The only concern currently is the descending wedge in USDT on the daily, which could impact the move to the upside.
In a short time, Bitcoin is projected to reach the value of 35,000. The inclination to purchase, accompanied by an emotional disturbance in the abdomen, is commonly referred to as Fear of Missing Out (FOMO).
XRPUSD BEAR RALLY CONTINUES 5th week of Trading Ripple and we are extremely STUCKINPROFIT
I will be looking forward to our first target this week, Take Profit at immediate support.
Breakdown, accumulation, retest (BTC) $55,555Timeline of events:
1) Downtrend started on November 10th.
2) Broke the uptrend from July on December 4th.
3) We broke above the downtrend on December 23rd with an impulse candle.
4) Retesting the broken uptrend would take us to around $55,555.
Thesis confirmation: since we broke the downtrend from November, in terms of probabilities the next thing to happen could be a retest of the uptrend.
Possible 2020 March Virus Dip scenarioDear fellas, Yesterday night we had seen so powerful bear momentum which pushed BTC from 57k area to 42k area, many altcoins suffered about %40 dip.
There are two scenarios here either we will go back and retest 20k-30k zone or we will retest previous HL area for potential LQ before we up again. As far as we will not see big moves this weekend due to big guys are sleeping, upcoming week needs to show us powerful momentum, otherwise we will go back to 20k-30k. My estimation we have retested and preparing for up moves, use proper risk management and do not investment all your savings on one element
Etherium (eth) update from 1 hour chartUpdate :
The white arrow candel seems like 50-50 bear vs bull could be the boundaries of consolidation zone, let's wait and see which side price will break.
The pink arrows are marked indicating a small double bottom forming near resistance, this means price tends to remain at resistance zone forming a bullish sign, looks good on long side build up, let's see if it break above and retest halt above the zone,
As trend identification
Move >> consolidate >> move pattern (on either side) currently it is in pause phase and range bound
Rsi looks strong above 50 lvl and no divergence
XRP USD DAILY TECHNICALS (4/29/2021)Good morning- crypto ger here for another xrp update- today is Thursday April 29, 2021.
Before we get into the technicals and all the fun stuff- please know that this is not financial advice, this is my opinion and my opinion only.
Lets talk a little about the current trend and yesterdays performance before we get into the daily outlook.
The price of xrp is up 450% ytd
Over 100% on 3 & 6 month range and 37% on the month
The weekly technicals support long positions and are now more favourable than last week- performing well above almost all moving averages-indicating a strong buy position. the oscillators are mostly neutral with a couple of buy indicators. Rsi values are in the high 60s (compared to low 70s last week) & cci is now 163 compared to over 200 last week- these indicators on their own are both neatural compared to sell last week. The bull bear power index is now a 0.6 compared to 1.1 which is still neutral and lastly the macd is still reporting a 0.21 which is a buy. Weekly technicals are a buy
Recapping yesterday-
XRP declined by 3% reversing a gain of 3% the day prior.
XRP hit an intraday high of 1.44 before hitting reverse.
XRP broke through the first major support level before hitting the late intraday low of 1.33 and broke back through major support levels
For the day ahead-
XRP will need to move throught the pivot level to bring major resitance levels into play.
Support from the broader market will be needed to break back through the 1.45s.
Failure to move through the pivot brings support levels into paly
XRP should steer clear of sub 1.20
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XRP USD 7 - 14 day wave pattern7-14 day outlook / short term trend
wave 1= breakout to 1.10 (short term target 3 set last month)
wave 2= pattern has held a pennant as suggested by 2017 fractals (previously outlined in white triangle)- from today forward probable low in this pennant is 0.9200
wave 3=breakout target 1.80-2.20
1.80=2017 fractal lift
2.20=0.236 FIB level 4yr trend based fib extension
possible april 11-13
wave 4=target zone 0.86-0.59617
correction range large variance
high=0.86/probable support (long term support trend)
low=0.59617 is the 0.50 FIB level on 4 yr trend based fib extension
wave 5=target zone 6.20
possible april 16 - april 20
File Coin Breakout Majority of alt coins are in a downtrend.
The next couple of days we could possibly start to get a better understanding of the markets and start to see some consolidation that can lead to bullish momentum for the alt coins to rise.
Just my opinions and tracking my journey and markups