Theory
Preparing For The WorstWhat if Bitcoin has always been in a Bull Market. What if we are entering the Bear Market for the first time?
Among many things Bitcoin is a tremendously valuable asset, there is no doubt bitcoin is a token that heralds the birth of an industry. But what if we do not have the mass adoption necessary to sustain current prices? There has been speculative weather for some time now but for how long has bitcoin been a speculative market? Did it start with big exchanges introducing margin into the mix? Or when Tether began pumping prices? I'm not going pretend to have the answer of where the source of the problem is. However, I think it's self evident the technology is still in its infancy. Engineers have less than a preference for blockchain they downright ignore it. I see a lot of new ideas in the space that will redefine the future and some of them have actually manifest. But I am not seeing the masses flowing into the space like the previous cycles, and I am not seeing the technology get to a point where immutable, trustless systems are ready to be deployed on a widescale. The scale has been very selective and contained within the niche technology space.
The idea came to me that if this downward trend of a speculative market continuously correcting itself and consolidating up until the Halvening, we could be in store for a lackluster halvening. And that will spell absolute disaster for the market.
20191017 XRP Possible Target and MovementsHi there,
I know it sounds a lot presumptuous to try to guess what could be target and how XRP it's playing the cards and why it has been moving the way it's moving, so as usual, this is personal idea and not Trading Advice! Use as your own risk.
I believe they are trying to touch the 0,3 euros area and there's a really good explanation for it. Not because that's a good number or else. it's because what i will explain in the next update.
There are going to be ups and down, etc. So be careful.
I must say that i've been surprised how they have managed to do it without break down a lot, even in moments when btc have been going down at some points. i'm surprised cause i've been studying XRP for more than a Year by now and they have changed after fall of btc last year in November and a couple of weeks ago i have seen really good moves between RSI and Price. You may have notice that RSI have been going down but price going up. Or some indicators of Head and Shoulder but it havent break down.
I wont be surprised that there's a deal between coins because of the movements between pairs but that's another just a theory.
Maybe Ripple finally may have found the way to get pass through all sells and new algorithm to make it stronger than it was.
Time will tell us but anyway, hope you fin this helpful or interesting to meditate and how to trade it.
Ill update in a mins, just need to prepare some graphics.
Cheers to all!
Charter X
Trading the Elliott Wave Principle - Part 1 - (3)This chart is part of our educational article "Trading the Elliott Wave Principle - Part 1."
BTC Dominance Rising Wedge Theory
Each trendline has three points of contact and are logarithmically getting closer together: rising wedge pattern.
BTC Dominance beginning to look overextended (TD) and overbought (RSI) while testing resistance between 72-74%.
This is far from a perfect rising wedge as it excludes the September 2018 head fake, but a theory worth considering.
BTC.D closed above it's 200 Week MA (70.5%) for the first time ever last month. A close below could be fatal.
Currently expecting a January 2020 "mini altseason" with full-blown altseason in Winter 2021.