Get started

Monthlychart

A clue of where xrp can head based on it being a fractal of 2016Ok this will be a slightly extensive dive into how the current breakout move from the multi year triangle that xrp just broke out of has a high probability of being a fractal of the triangle pattern breakout move xrp did in 2016 that yielded explosive parabolic bullish price appreciation. I want to start with this image on xrp on the Monthly chart to show how the first monthly candle that confirmed the breakout of the 2016 triangle went up 287 percent and the first monthly candle confirming the current breakout went very similarly to around 283%. So since we already have it following that same pattern there, I’m gong to extrapolate where price could head from here if we are needed mirroring that same explosive move of 2016 with our current price action. If so, the very first spot XRP had a pullback and then consolidated into a bull flag before heading further up was actually at the 1.038 fib level which is just 13% or so above its previous all time high. If we were to do something similar today we could see xrp’s first real significant pullback consolidation around $3.75-$3.77. This is in line with certain chart patterns breakout targets I have in mallet time frame charts that I don’t have shown here. Other chart patterns in those smaller time frames have a targets around $3.80, $3.84 and some as high as $4.06 and then on the logarithmic chart as high as $4.77-$4.85. I think even as high as $45 would still fall in line with a standard deviation away from the 1.038 fib and would still retain the fractal if we were to reach the top logarithmic target before having that first pull back. We can see on the left of the chart above on the first triangle breakout, after it moved on from the 1.038 level the net level it rose to before the first significant correction s all the way up at the 1.618 (in blue). If Xrp were to maintain the fractal in current price acton then the 1.618 should be its destination to before the first ajar correction, and as you can see the 1.618 for the current Fibonacci retracement is all the way up at around $26!
BITSTAMP:XRPUSD
by DrDovetail
5
Symmetrical Triangle on the XRP Monthly chart ready to breakout?This Triangle can also be seen well on the weekly…and also valid on the daily chart but you have to scroll over to see the whole triangle on the daily. I chose the monthly chart for this idea though because it’s the easiest one to see all the key valid touches on both the bottom and top trendlines of the triangle.That bottom trendline has been holding for 3 years now and is super strong support. We just had a flash crash on the daily dip down below it and threaten to trigger what looks like a h&s on the daily chart (not shown here) however that was quickly bought up and with very little volume to show is looking to be a classic fakeout breakdown/bear trap. Still a decent amount of hours left in todays daily candle but as long as that candle closes green it is a very good sign that this triangle will likely be breaking upwards. *not financial advice*
CRYPTO:XRPUSDLong
by DrDovetail
2
Monthly chart triangle XRP is reaching apex We can see this monthly triangle that xrp has been forming since 2020 is nearing an apex. We can also see that, barring some sort of black swan, XRP is fairly unlikely to stay above 40 cents based on the extremely solid support of the triangles bottom trendline and the fact that the monthly 100 ma is now overlapping that trendline for double reinforced support. The top trendline has the 3 touches needed to be a valid line so it is suggesting a measured move of over $2. Of course being a monthly chart pattern it would likely take may months to reach the full target. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
3
Updated monthly chart of the XRPUSD Symmetrical TriangleWe just had a big correction in the crypto markets and like clockwork the bottom trendline of this symmetrical triangle held exact support on the bottom wick of the current monthly candle. Will be interesting to see if that holds ultimate support as often right before a pattern breaks up there is a big pullback in price action similar to an archer pulling back their bow before releasing the arrow and letting it fly forward. So it’s also quite common to see price dip below the bottom trendline of a pattern right before the breakout upwards. Meaning, there’s still an opportunity for a correction that dips below this triangle before the break upward which would be a nice opportunity to accumulate a little at a discount if it were to occur. Either way the current dump we have experienced gives me confidence that a breakout is right around the corner. On the linear chart the breakout target for the triangle is right around $2.36-$2.40. The logarithmic measured move has us eventually reaching a target of around $11.47 or so but that is likely to take a fairly longer amount of time to reach the target of. I posted another chart of this triangle logarithmic mode and will link that chart link down below. *not financial advice*
CRYPTO:XRPUSD
by DrDovetail
3
An update on the monthly log channel chart from AprilI posted this chart idea originally all the way back in april when I discovered that all the major tapas and bottoms of the market since the 2017 top until now are all in a very clear set of rising channels seen best on the 1 month log chart as shown here. We can see since that time in April, Bitcoin has now broken back upward and is very close to retesting this super strong trendline just above it currently around 47-48k. This trendline is likely to be significant resistance, however there is a chance during a moment of extreme fomo where we could break above this trendline and retest the lighter green ascending trendline with a wick which is currently sitting around 56-58k on the current monthly candle. Ultimately my guess is the trendline just above current price action at the 48k zone is likely to maintain candle body resistance and lead to the next big market correction. It may even maintain wick resistance too but I still believe we can possibly wick above it and retest the trendline just above it with a wick before ultimately closing whichever candle gets above it’s candle body below the 48k trendline. Once this happens, the first zone I’m going to be watching to hold support is at the 1month 50ma shown here in orange. There’s a decent chance we could correct even lower than that but that will be the first zone I watch for a potential reversal back into the uptrend. For now though I think it’s completely possible to go as high as the 56-58k zone with a wick while still maintaining the trendline just above this current area as resistance but I wont be surprised if that trendline at 48k is so powerful we cant even get a wick above it either. Both seem quite probable to me at this point. I am going to attach a link to my original channel idea on this update as well so you can see where this channel discovery originated from. *not financial advice*
INDEX:BTCUSD
by DrDovetail
2
Something very peculiar is occurring with XRP dominanceUsually when the candles go upward on the xrp dominance chart, the btc dominance chart is going downward and the liquidity along the xrp dominance chart go up is coming from bitcoin liquidity. This time however something has changed. XRP dominance is rising substantially all while bitcoin dominance is also still rising. This suggests that the liquidity is no longer coming from btcoin but instead from other sources likely institutional investors. We can see the candle on the monthly has broken above the neckline of a large inverse head and shoulders pattern on the logarithmic chart. Will be interesting to see how well this plays out. Chart patterns don’t behave as they usually do when working with these kind of charts so it’s no guarantee what looks like a bullish breakout currently will behave like one. I will definitely be keeping an eye on this as it develops though *not financial advice*
CRYPTOCAP:XRP.D
by DrDovetail
XRPBTC breaking up from triangleYou never know when chart patterns will behave roperly when you are on the xrpbtc chart. Often times all bets are off on the usual chart pattern expectations with this pair. Suppose we were to actually follow through with the measured move breakout target from this blue triangle xrpbtc pears to be breaking up from well it would put price action even noticeably higher than the all time high between this pair that was set back in 2018. Let’s see if for once price action behaves like it’s supposed to herewith this pair. *not financial advice*
by DrDovetail
XRPBTC breaking up from triangleYou never know when chart patterns will behave roperly when you are on the xrpbtc chart. Often times all bets are off on the usual chart pattern expectations with this pair. Suppose we were to actually follow through with the measured move breakout target from this blue triangle xrpbtc pears to be breaking up from well it would put price action even noticeably higher than the all time high between this pair that was set back in 2018. Let’s see if for once price action behaves like it’s supposed to herewith this pair. *not financial advice*
by DrDovetail
4 potential top trendlines for monthly log chart xrp patternXrp has some sort of bull pennant that it has been forming since the 2018 top and there are at least 4 potential top trendlines for it which I have showcased here with different colors. The green top trendline would be if the most valid pennant is an ascending triangle, the light pink line is for a cup n handle pattern, the brown trendline is jut connecting the two red wicks, and the teal trendline is there because it was able to connect 4 key wicks. The purple trendline is the top trendline of a smaller triangle inside the pennant that has a breakout target of around $12 which means once it breaks out and its getting quite close to its apex, the momentum it brings on the way to its measured move target will take us well above the highest of all these potential top trendlines causing the chain reaction of the larger pennant validating its breakout as well. This is a monthly chart timeframe of course though…so even though the inside triangle with the purple top trendline is nearing its apex that breakout from that triangle could still be very possibly 1-3 more months away. I get the feeling around the time of the automated market maker amendment being implemented(march 22nd) we could see price finally leap up out of the triangle, if so I’m expecting a very bullish april for xrp The good news is the highest price for any of these potential top trendlines currently is around $1.56-1.58 or so and is not gonna be getting any higher so once we flip that price zone to solidified support then we can look forward to validating the breakout on the big pattern, and the fact that it’s a pennant means we will have 2 targets to look for in the long run: 1 for just the flag portion and then a much higher one based on the height of the pennant’s pole. I left the price target of the poles measured move target(in neon yellow) out of the frame of this chart idea but you may be able to drag that part of the chart down into the frame with your mouse or touchscreen if trading view still lets you. The reason I left it out of the frame is because I wanted to be zoomed in close enough to the flag portion of the bull pennant itself to be able to clearly see how the candles move in the coming months whenever I pull this chart back up and click the play button. *not financial advice*
CRYPTO:XRPUSD
by DrDovetail
1
Xrp moving above highest top trendline of linear trianglesThese triangle trendlines are most accurate looking on the monthly chart. I wll also post a weekly timeframe version of this chart and a daily time frame version thats zoomed nto the top green trendline so you can see how we have 3 consecutive daily candle closes above this extremely pivotal trendline and now officially have closed one weekly candle close above it too. Seeing as how the trendlines of the green triangle seem most valid on the monthly time frame however, i think the most important candle close will be once we have a 1 month candle closing a portion of the candles body above the line and the follow up monthly candle also holds the line as solidified support. This is such a major trendline to flip to support and as you can see, the breakout target for the green triangle of $3.75 is actually right around the same breakout target as the yellow triangle of $3.70 that’s very strong bullish confluence that should help increase the probability of hitting those targets as it has twice the bullish momentum potential as just one of the patterns would have. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
BTC’s logarithmic bullflag targets on the monthly chart Shown here are the two bull flags that have formed since the last bull market top. Since this is on the logarithmic chart, there’s no guarantee that we can hit any of these breakout targets in the current bull market, however the smallest flags breakout target of around 199k has a much higher probability of being reached in the current bull market than the others. That being said, there is still a chance we could hit one of the 2 potential targets for the 2nd bigger flag, and even hit the highest target shown here as well which is a breakout target from a flag from 2 full bull markets ago that hasn’t yet hit its full target. Considering that logarithmic chart patterns from the higher time frames (monthly and higher) usually tend to take 2 bull markets to be reached so that does slightly raise the probability that we could hit that highest target this bull run as it is 2 bull runs after that flags breakout occurred. This probability is bolstered also by the fact that the bull flag prior to that one only took 2 bull rackets to reach its target as well.Whatever the outcome, I feel fairly confident that if not this bull run we should definitely be able to reach the 280k target by the next bull market and also very likely to reach the highest target by ext bull run as well since then it would be 3 full bull markets since that flag confirmed its breakout. Patterns worth keeping an eye on anyways regardless of how long it takes for them to reach their full targets. *not financial advice*
INDEX:BTCUSD
by DrDovetail
Bitcoin’s entire history is just a series of bullflag fractalsOn the entire bitcoin history index monthly logarithmic chart we can see how Bitcoin is nothing but bullflags. The second bullflag we broke up from took 2 bull runs to hit its full breakout target. The first one however because of how insanely long its pole is, has still yet to hit its full breakout target. It is now the 4th consecutive bull market since it broke out of the first flag though so perhaps it will reach that target this bull market, if not this market I’m confident the 1st flag will finally reach its full target next bull market. The second bull flag in the fractal series was able to hit its full target within 2 bull markets which is typically about the pace the huge macro patterns on the logarithmic chart tend to take. The other Flags since that second flag also are yet to hit their full targets but if the next flag in the series is also able to hit its full breakout target within a 2 bull market timeframe, the flags after it will also have to hit their targets as well on the way yo hitting that 3rd flags breakout target. We can see each flag seems to be getting progressively smaller as the fractal continues so odds are good the time it takes each flag to reach its full breakout target should also be getting progressively smaller as well so that would make sense. Anyways I just wanted to post a new version of the entire bitcoin history’s bullflag fractal so i could easily reference t and follow its progress for the current bull run *not financial advice*
INDEX:BTCUSD
by DrDovetail
Potential Macro Channel on Bitcoin to keep an eye onThis ascending channel on the monthly chart has both pi cycle tops from the last two bull runs as key touches on the top trendline. The bottom trendline has lots of important key touches too. If we break above my other big wall of channels which I have posted in a previous idea, thie top trendline of this channel would be the next price I would be looking for for a potential bull market top. By next month the top trendline of this channel wlll be around 240k. The other wall of channels I have posted in the past has a current top trendline around 120k so it would definitely ahve to find aay to break up from that one first to have a chance to retest the top trendline of this one. Gonna keep a close eye on it. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Solana’s Cup&handle, Bullpennant, & symmetrical triangle targetsSolana already with a strong green candle on the Daly right now as price action is currently above the brown rimline of the cup and handle. Will be interesting to see how quickly it is able to confirm the breakout, still not completely validated yet but looking promising on the daily chart(not shown here). Since these patterns seem most valid on the monthly time frame it is going to take more than just one bullish daily candle close to confirm the breakout most likely. *not financial advice*
COINBASE:SOLUSD
by DrDovetail
Analyzing Bitcoin Monthly Candle ClosesA lot of notable traders are calling for Bitcoin to drop to 44k or even to around 20.5-21.5k towards an unfilled daily CME chart gap (see daily CME chart below). Before getting into my thoughts about whether or not we move up or down here, let's remind ourselves of some things: 1.) Bitcoin made its first new ATH back in March 2024, after closing right around the previous Oct 21 ATH in February this year. 2.) Let's also take note of two significant previous monthly ATH candle closes from 2021: March 21 Monthly Close - 58.8k October 21 Monthly Close (Previous Monthly ATH - approx 61.3k Recap of this year Next, a recap of what has happened since March 24's ATH: April's monthly candle closed just below that high, but above the March 21 high, losing the Oct 21 level that was broken in the previous month. Then in May, it reclaimed that Oct 21 high, held it for 2 months, and then lost it again in August with a stronger re-test of the March 21 high, and the strongest wick below it yet... but still closing just above it. Just after August, the September monthly candle yet again reclaims the Oct 21 high, but is now re-testing that area again this year, also in October again and with 21 days left to go until the monthly close. So what happens next? Scenario A - October monthly candle closes above 58.8k, we could still see wicks lower than the one in August, and we could see levels like 44k or even lower prior to close. Remaining above 58.8k still gives Bitcoin a chance to reclaim 61.3k and move up in the months that follow. Scenario B - October monthly candle closes above 61.3k, with a 2nd reclaim of the Oct 21 ATH, we likely move on up to test or even break this year's ATH. Scenario C - October monthly candle closes below 58.8k, if November doesn't quickly reclaim that level or 61.3k, we likely see 44k or lower, and may even revisit the unfilled CME gap on the daily chart. Daily CME Gaps Chart:
COINBASE:BTCUSD
by dudebruhwhoa
1
But GBPUSD Macro chart ( monthly time frame)Strong buy Signal for GBPUSD on monthly time frame. Entry : 1.329 Take Profit ; 1.400 Stop loss : 1.295 Buy Signal on macro chart can also be traded on 4H time frame by using MACD (12,26,9) by buying on each buy Signal with proper money management as per your account size. For 100 USD account only 0.01 lot size is recommendable. Similarly for 500 USD account size 0.05 lot size can be used. Take trade on each MACD bullish cross over on 4H time frame with SL & TP same as mentioned above for monthly chart Enjoy profit on huge trade signal Thanks!
Long
by Muslehuddin
Prism Johnson Ltd: Major Resistance Breakout with Strong Bullish📊 Prism Johnson Ltd - Technical View 🔍 Daily Timeframe: Resistance Trendline Breakout 🚀 Huge Bullish Green Candle with significant volume 📈 📅 Monthly Timeframe: Breakout of a long-term Resistance Trendline (since 2008) with massive volume 📊 📈 Indicators: MACD: Buy Signal ✅ Oscillators: Buy Signal ✅ 📉 Key Levels: Stoploss : 190 Target 1 : 235 Target 2 : 245 Target 3 : 285 Disclaimer : "Please do not base your trades solely on the ideas mentioned above. Conduct your own research before making any trading decisions. We are not responsible for any financial losses that may result from applying this study or from taking any early entry or exit in trades." #StockMarket #TechnicalAnalysis #Breakout #Bullish #PrismJohnson #Trading
NSE:PRSMJOHNSNLong
by Amankuckreja
2