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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 falling wedge on btcusd reaching its apex on bitstamp.We currently have 9 consecutive daily chart candle closes above this falling wedge. You cant see that here because it is the monthly chart. I think we will need at least 2 weekly candle closes above the falling wedge to confirm its breakout however. Other exchanges charts have had price action above their falling wedge patterns for even twice as long as this one has so that adds to the bullish confluence and probability that this pattern will soon confirm a break out upward. A breakdown from this pattern would result in an impossibly low measured move target so odds favor the break upwards. May still take a couple months to confirm however. (Not financial advice)
BITSTAMP:BTCUSD
by DrDovetail
10
#TheStrat BTC 13k to 16k Still a Possibility!4hr Chart shows the small broadening formation we are currently inside of I would watch the price action closely in this broadening formation and the longer term formation from my last post and look for bullish reversals (ex. 2u-1-2d, etc) on the daily and weekly timeframes. Keep in mind that the monthly timeframe is still red, my humble prediction for the reversal and recovery of bitcoin would be within 2 months . This is so that the monthly chart candles have a chance to form an actual reversal (ex. 2d-1-2u). Educational purposes only, not financial advice. Thanks for reading :)
COINBASE:BTCUSD
by fuuuqeht
BTCUSD testing bottom trendline of monthly wedge!This is a super pivotal moment for the bitcoin correction. The candle is currently holding support on the bottom trendline of the wedge. However it wouldn’t surprise me to see the candle send a brief wick down to the monthly 50ma (in orange) which is double reinforced support with the grey line of the logarithmic regression rainbow. I could see us sending a wick down there then bouncing up and closing the monthly back above the bottom trendline of the wedge. I anticipate a fakeout breakdown first to draw in shorts. We will see what happens. I expect the 20-22k area to at least hold candle body support on the monthly at the very worst but as always this is not financial advice. Lowest I anticipate a wick goin is 14k but then again there is a gap still left infilled somewhere around the nonsensically low level of 9.6-9.7k so who knows the market loves to leave everyone in complete dismay so anything is possible. Personally I will be accumulating small amounts once we reach the gray regression line and slowly laddering in ever further rung down and seeing anything lower as a buying opportunity. Again not financial advice.
BITSTAMP:BTCUSD
by DrDovetail
My XRP perspective my long term!!!I found out a possible big accumulation for the next years in XRP to take in your eyes!!! Because as we look, we're in the bear market that I suppose a crash to $0.22 cents. I planning to buy a massive amount of XRP coins to hold and make a compound interest by long term. Because I see in the future a good opportunity that I can't to miss in this cryptocurrency I hope that this idea support you!!! I consider the monthly timeframe to logn term, but I'm in short in weekly and Daily as XRP has a bearish perspective to reach $0.22 cents.
BITSTAMP:XRPUSDLong
by harisonhbn9718
3
VETUSDT is testing the monthly support The price is testing the monthly level after a breakout from the daily support. On the 4h timeframe the price lost the dynamic support inside the descending channel. How to approach it? The price could have a pullback until the previous daily support now new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
Xrp appears primed 2 make close to 1500% gains against ethereum The XRPETH monthly chart does look like it needs to make a decision soon. To the me that decision seems like it will be a breakout upward, but of course these kind of pairs charts don’t behave anywhere close to as predictable as the usd pairs seem too so this pattern may not trigger like it usually does in traditional TA. Regardless even if it does break upward, since this is the monthly chart it may take 6 months or more to reach its target. *not financial advice*
Long
by DrDovetail
3
Crazy price target on xrpusd rising channelOn the log chart we can see xrpusd has been in this rising channel since it’s inception. Now, if it were to revisit the top trendline again the lowest price we would reach it at would be $138. Odds are it would retest the top trendline way later than that though. I know this price seems absolutely absurd but thats what this pattern is calling for. I will have already cashed out most if not all of my xrp before any crazy price targets like these ever get reached but I do hope it reaches 3 digits one day.*not financial advice*
BITSTAMP:XRPUSDLong
by DrDovetail
11
Still speculative Mobthly bull flag has 126k targetOk so at this moment this thing is still speculative even though it is indeed a valid bullflag in its current form…,if it doesn’t break up out of the bull flag on the next retest of the top trendline then odds are pretty good the flag will then start to grow too long get nullified as a flag. It would still be valid as a rising channel though. Anyways, let’s say we do break upward from the flag the next tIme we retest it’s top trendline. I arbitrarily placed the dotted measured move line where I think the next top trendline retest will be at, and at least from that area btc would have a breakout target of 126k. At the moment, this is a valid Chart pattern. The good news is we will know by next top trend line retestif it is or is not a bullflag. For now its valid but also “speculative”. *not financial advice*
COINBASE:BTCUSD
by DrDovetail
2
BTCUSD Monthly - Coppock Curve = The Perfect Buying IndicatorWhen Will I See You Again? and Patience is a Virgo TL; DR - waiting for the Coppock Curve indicator to hit 0 on the monthly chart has proven to be an excellent move so far for long term buying of BTC. What is the Coppock Curve indicator? + Coppock, the founder of Trendex Research in San Antonio, Texas, was an economist. He had been asked by the Episcopal Church to identify buying opportunities for long-term investors. He thought market downturns were like bereavements and required a period of mourning. He asked the church bishops how long that normally took for people, their answer was 11 to 14 months and so he used those periods in his calculation. + The indicator is designed for use on a monthly time scale. It is the sum of a 14-month rate of change and 11-month rate of change , smoothed by a 10-period weighted moving average . + A buy signal is generated when the indicator is below zero and turns upwards from a trough. No sell signals are generated (that not being its design). The indicator is trend-following, and based on averages, so by its nature it doesn't pick a market bottom, but rather shows when a rally has become established. Here is another idea I published back in Jan 2019 regarding BTC and the Coppock Curve (click to open): Any counter arguments or praise for my ego, please leave in the comments below. Thanks for reading.
BITSTAMP:BTCUSDLong
by fifty2kph
4
A possible 280-300k bull market top in MayLooking at the monthly log chart on bitcoin I have pieced together a bit channel that has on the monthly alone over 13 significant touches rom price action. Based on Plan B’s prediction of 280k or so this bull run plus many of tech dev’s charts that suggest we could reach a target of somewhere between 270-300k, I used my own knowledge of basic TA, to assume that we could reach a bull market top by hitting this .5 Fib line (in green) around May at a price of around 280-290k. This lines up perfectly with the measured move from the current bull flag price action is in on the monthly here, however I’m much more confident in the measured move technique on a linear chart instead of a log chart. I have seen many patterns on log reach the same type of measured move that a linear chart would offer so I think it is definitely very probable we see a breakout that hits this target. Of course we could hit this target even and somehow still not be finished with the bull run but I have a feeling i we go this high in may it probably will be the top. I will also be paying close attention to the daily pi cycle top indicator, as well as the RVI, RSI, Stoch RSI, NVT, and MACD on the 2 week. I believe all of these indicators in aggregate should give us a fairly clear idea of when the bull market is over. I initially thought the next fib line above the green one i currently have the bulls eye placed on would be where we topped out at but now believe its more likely to be the .5 green fib here as topping out at the one above it will lead to a end of bull market price of over 400k and that seems a little too extreme for this bull market. Of course crazier things have happened but for now I think a top at the .5 green fib is more probable. *not financial advice*
BNC:BLXLong
by DrDovetail
4