In my previous analysis on XRP/BTC (Linked) I said that I expected the Weekly Resistance of 2231sats to hold and for price to eventually reach the 1400sats Weekly Support. Since then price has broken through the 2231sats level, the Monthly Resistance of 2365sats and has now tested the next Monthly Resistance of 2815sats. We have seen XRP fake-outs in the past such...
Well, if you cant see this then you are blind. XRP is ready to "Break Out" and going against the trend is just not smart right now. Ofc, with BTC halving, thigs can get different.
If XRPclose this candle above 200Dma, I except xrp start outperforming heavily against bitcoin. This in rock solid bottom and huge potential to upside. Good way multiple your btc stack.
This giant XRPBTC wedge here, which has been in play since 2 1/2 years now, is about to break.
I think that initially XRPBTC will rally, but then BTCUSD will start pumping, prompting XRPBTC to dive again, and retest the previous resistance of the wedge, now become support.
Then at some point, around the time BTC will reach ATH levels in 2021, around 100-200K...
I see bitcoin dropping to $6500 at least and potentially $5K. Then we should see it Rocket up past $11K resistance, to reach our all time high of $20k zone.
What have we found here?!
In the 3 D chart we have a much larger falling wedge.
As of writing the price line seems to be making the
touch on the 3rd wave down. We are about to complete
the 3rd of 5 possible waves. As indicated by the yellow
price line breaking out of the wedge on the 4th wave.
Or there is a chance a bear trap will be set and price...
IS this is for XRP?
PRICE will like follow the curve downwards until it retests of .11
XRP will likely lead the bear market if spx and btc loses bullish momentum.
You can see the red trend lines highlighting a falling wedge on XRP on the 1 day charts. Falling wedges are a bullish pattern. Note the extremely tight movements in the consolidation, indicating that accumulation is ongoing and coming to a close. There maybe is a little bit more downturn left but this area is a solid buy zone for XRP. you can also see the colored...
XRPUSDT near to resistance, we are waiting for breakout and retest. According with Plancton's strategy we can set a nice long
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
In this analysis to make the bullish and bearish cases for alts. I'll start with the pros, then move to the cons and finally have a wrap where I put more of my own input. It will contain technical, fundamental and quantitative analysis.
My initial thesis before the halving was that we might had seen alts pop a few days before the halving, as Bitcoin wasn't really...
Good time to buy Ripple?
Approaching Halving we almost all expect a nice pump and dump (of some sort)...
If we can hold above 2246, I'd personally say it's a fair bet to get in with some more Ripple. Bitcoin has been rather bullish since the dump to 4k along with nearly the entire Stock Market. My outlook on the correlation between XRP and Bitcoin is rather...
