"Persisting Bitcoin Bearish Sentiment: >30% Downside Potential?"Since March 2022, Bitcoin has exhibited a persistent pattern of lower lows and lower highs, indicating an ongoing bearish sentiment. Notably, recent price fluctuations have repeatedly failed to breach the 32,550 resistance level, which had previously served as a support zone. Instead, the price encountered this zone twice in retests before resuming its downward trajectory. This bearish momentum has been underscored by a significant breakout below the bullish trendline, accompanied by the emergence of an assertive bearish Marubozu Candlestick.
Furthermore, the formation of a double-top pattern is noteworthy, and a subsequent breakout from this pattern would serve as a compelling entry trigger, confirming the continuation of the bearish trend toward the designated target area. Collectively, these technical indicators suggest a sustained bearish bias for Bitcoin's price movement
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on BINANCE:BTCUSDT ".
XRPUSDT
TRADE ALERT - LONG XRPTraders,
We have waited patiently for this moment. Crypto, quite honestly, has just been annoying lately. But finally, XRP has touched my support and target down for re-entry at 58 cents. My buy order was triggered at .585 to be exact and I plan to hold this to at least the .995 target and potentially $1.17.
Take a look at the RSI. Notice the RED TL. You could have traded XRP on this indicator alone and made massive profits. And for the most part, my followers and I have entered at those touch locations with a few exceptions.
Anyway, today is your lucky day. Why? Because we are just about to hit that RED TL on the RSI once again. I'm a bit early in my entry just b/c I has my buy set at .585 and it was triggered. But ideally, I would have hoped the touch of the red TL would coincide with a price of .58 cents. I think over the next day or two you all will see that happen. AND. You just might be able to enter at a better price than I have.
Best of luck to you all!
Stew
XRP going upto 1.35$ !!!**A friend asked me if I think there is any hope for XRP to go up.
I am presenting this analysis to my dear friend. The reason for the validity of this analysis is the Ichimoku cloud gap method, which has a very high accuracy. Therefore, the long-term first profit margin of XRP is $1.35 (of course, as I mentioned in previous analyzes with respect to the Gan method, the target is $2.1). In other words, XRP has no choice but to touch those points due to the gaps it has left behind along the way. And the optimal and reasonable point is $1.35. But unfortunately, in the future, it will see 0.17 cents due to these gaps. Good luck.**
Ripple can continue rise to resistance line of downward channelHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that price declined inside the downward channel, where it first fell to the 0.6620 resistance level, which coincides with the seller zone. After this, Ripple broke this level and fell to the support line of the channel, but soon it bounced up and tried to rise. Price reached 0.6620 resistance level and at once rolled down and continue to decline near the resistance line of the downward channel. Also recently, ripple rebounded fro the resistance line and made a strong impulse down until below the support line of the channel and even later broke the 0.5170 support level and fell to the support line. Bit in a short time it backed up to the channel, thereby making a fake breakout. At the moment Ripple trades near the support line, which coincides with the 0.5170 support level, and probably price can bounce from the support line and continue to rise to the resistance line of the downward channel. For this case, I set up my target at the 0.5860 level, which coincides with this line. Please share this idea with your friends and click Boost 🚀
XRP- Back under support, not good at allThe news that XRP is not secure triggered a strong move for the coin with the price almost reaching parity.
However, after a normal correction and consolidation, instead of continuing to the upside, XrpUsd has dropped back under 0.55 old resistance, which should've provided support and it hasn't.
Now, with the price back under this resistance and with the selling pressure all over the crypto market, we can expect a new drop to 0.4 support.
I'm looking to sell with stop loss above 0.55
FIL/USDT 4H: ready for short positionIn the daily time frame, we can see that after breaking the trendline, it could not cross the static resistance (flip zone) and take back the last top
Weakness in price stabilization is evident
In the 4H time frame, we have an upward trend line that the price has penetrated twice and is currently moving tangentially with it. There is also a support zone that has prevented the price from falling
If the trendline and the support zone are broken, we can enter the short position in this area in pullback (according to the drawn scenario)
XRP price to beat.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Brook some big a big level but hold a pretty big level as well.
Not conviced the bull is back on this until there is a nice pump above .55 and a flip of this level.
Cheers
🚀#XRP Moon Math🚀IMO,
The Measured Move (moon math) will BREAK FROM the BLUE Pitchfork Trend line to meet the $429 ($589wick) in 2024, going into the bear market in 2025/2026 Time Frame.
The BLUE Trend line will meet BTC Halvening Date April 17, 2024 starting the moon mission.
- 2nd Orange Vertical line is Jan 2025
- 3rd Orange Vertical Line is Jan 2026
XRP Could hit $1.20 (0.702FIB) BEFORE the BTC Halvening date to bring the markets down again retesting the $0.77 trend line.
BOTTOM LINE:
Bullrun in 2024/2025
Crash in 2025/2026 to $10 by 2026 - 2028.
See you all the top by Jan 2025!
GL #XRPHolders
HelenP. I Ripple can break support level and continue to fallHi folks today I'm prepared for you Ripple analytics. A few moments ago price fell to the trend line, and soon it declined to the resistance zone, which coincide with the 0.6600 resistance level, but later Ripple bounced up and some time traded there. After this price continue to decline and firstly fell to the 0.6600 level and later broke it. Then Ripple tried to back up, but after it reached the 0.6600 resistance level, it rebounded down and continue to fall to the next level, thereby breaking the trend line. And when Ripple fell to the 0.4930 support level, which coincide with the support zone, it first traded near it, but recently price bounced up and now trades higher. I expect that Ripple can rise to the trend line and then start to fall to the support level. Also, I think that price can break this level and continue to fall. For this reason, I set up my target at the 0.4450 level. If you like my analytics you may support me with your like/comment ❤️
XRP chart analysisXRP came to a zone that last time worked as resistance
And also worked as support at the beginning of 2022 and in the middle of 2021
We see that the price has broken through 50 daily MA, but
if you look at how we close the day ,with a big shadow, we can assume that in this zone there will be a buyer's interest that will keep the price
We also see climactic volumes at the end of this drop on the 4H timeframe
To confirm a positive scenario and a good price bounce, we need a return back above 50MA
And will be even better, above the last descending high (0.666)
In this case, the price has all chances to go back to the zone 0.85 -0.94
The nature of the price growth to this zone (strong growth or weak growth) will show how likely it is to see another impulse soon (at least to the zone 1.3-1.4)
It is very important for the price not to fall below the 0.55-0.58 zone
And everything above this can be considered a range-accumulation before the next impulse.
Ideal if the price will accumulate above 0.7
XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, had significant declines on Friday, falling to a multi-month low of its own.
After climbing to a high of 0.5852 on Thursday, XRP/USD dropped to an intraday low of 0.4681 later in the session.
The move saw XRP dive to its weakest point since May 16, when the price traded around the 0.4300 region.
This drop saw the token marginally break out of a critical support point at 0.4600, wiping out all gains accrued following the ripple ruling.
price strength is now oversold, which prompted bulls to reenter, pushing XRP slightly higher.
the token is trading at 0.5087.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
XRP + XLM Local trend. Wedge + triangle (pennants).Logarithm. Time frame 1 day. Local trend.
Two cryptocurrencies are shown at the same time, as it should be understood that it is one and the same. Pumps (exit from accumulation) similarly began almost simultaneously July 13 on day 273 (code). XRP a little earlier by a few hours. I think it will be something similar this time.
Pullbacks after pumping up about +100% on both assets (exiting the long term accumulation zone). The reversal zones as well as the percentages to local significant resistance levels in case of breakout are shown on the chart.
This is how it looks on the linear without squeezes (market noise), although it is not necessary for local work.
The ideas of secondary trends (accumulation) to understand this local zone attached to this idea.
BITCOIN ROADMAP — HEAVEN AND HELLHeaven can be cold
Baby, baby, when you lose control
Everybody needs someone 🅱
Be careful in the night
He can hurt you more
Baby, baby, as he did before
Come on baby, keep your hands of him
In the gypsy night 😘
It will come and go
Everybody knows
You make your own
Heaven and hell 💔
Daytime traders love for sale
You make your own
Heaven and hell
Statements full of tears will tell 😭
He takes your heart
I know him well
You've got no time to lose
For heaven and hell 🎉
Behind the painted smile
Baby, baby, he is running wild
Everybody needs some love tonight
Be careful in the night 🥳
This publication is to introduce with BTC roadmap, unforeseen rocks and climbs.
// Look first. Then leap!
Good night - Altcoins | Bitcoin Dominance Carnage Continues (LN)
VC's continue to try sell Bitcoin to "prop" up their token to keep interest going.
Its not working and at the same time they're losing the only assets that matters, Bitcoin.
"BNB" losing power every time Binance tries to do this and they're running low on Bitcoin supply and USDT.
Ethereum also mimicking the BNB sell cycle.
Once exchanges start to adopt Lightning (USDT) (USDC) over Bitcoin its game over.
I can't help but see the repeat of 2002 where share holders off load useless non functioning business model companies and retail purchasing them at all time lows believing they will make a recovery.
There was 457 Initial Public Offerings (IPO's) riding on the wave of Apple, Microsoft, IBM, Intel none of the 457 made it out and went to zero.
We're in the final period where the market caps consolidate to the winner, Bitcoin.
-------------------------------------------------------------------------------------------------------------------
"Today #Tether announces the ending of the support of 3 blockchains CRYPTOCAP:USDT : OmniLayer, BCH-SLP and Kusama.
Customers will be able to continue to redeem and swap CRYPTOCAP:USDT tokens (to another of the many supported blockchains), but Tether won't issue any new additional CRYPTOCAP:USDT on those 3 blockchains."
"Yet we want to emphasize that Tether's team is rooted in the belief of leveraging the most secure, audited, and decentralized blockchain ever built: #Bitcoin .
In fact, we are actively contributing to developing RGB, alongside to
@bitfinex
and Fulgur Ventures, a client-side validated state and smart contracts system operating on Layer 2 and 3 of the Bitcoin ecosystem.
RGB has been postulated and boostrapped by
@peterktodd
and
@giacomozucco
.
You can find more info here: rgb.info
RGB functions both on-chain (Bitcoin L1) and on the Lightning Network ⚡️, promising unparalleled scalability. We firmly believe that RGB will usher in a new era for digital assets, smart contracts, and digital rights, garnering comprehensive support from major players in our industry. Once CRYPTOCAP:USDT on RGB goes live, the world will witness CRYPTOCAP:USDT on another super-powerful and scalable #Bitcoin layer.
If you didn't take a look at RGB yet, I strongly recommend you to do it.
It's community driven, fully open source, developed and maintaned by super talented minds.
RGB does not require any other token.
Simply secured by #Bitcoin built by bitcoiners ♥️"
Paolo Ardoino TO @tether_to + CTO @bitfinex
twitter.com
RIPPLE - Price can decline a little more and then bounce upHi guys, this is my overview for Ripple, feel free to check it and write your feedback in comments👊
Recently price bounced from resistance area to support line and then at once started to decline to $0.6060 level.
Also, Ripple broke $0.6600 level and later it tried to rise but failed and fell back to one more resistance area.
But soon, price bounced and made strong impulse to $0.6600 resistance level, thereby breaking support line.
Next price entered to falling channel, where Ripple in a short time declined to $0.6140 - 0.6060 resistance area.
As well recently, price exited from channel, broke $0.6060 level, and now trades below and I think that Ripple can decline more.
Then price can bounce up to $0.6220, thereby breaking $0.6060 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
it's time to going up for XRPUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want closed the position but our target is the third one)
be rich...
and
doing and living in the best quality *-*
(Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management)
*************************************************
if you want to enter in this position:
Enter Price: 0.7131
Target1: 0.8428
Target2: 0.9381
Target3(Final Target): 1.2386
Stop loss: 0.6306
*************************************************
XRP Monthly Chart OutlookWith the CRYPTOCAP:XRP court case likely reaching deliberation in coming months, I wanted to really get an idea of where the chart is at.
I located and plotted trigger points, boundaries and of course a time structure.
It is clear that there is a nice time pattern. Open the chart and see the months and see how they move in similar increments both by month and by number.
Interestingly, a bullish thesis is hidden in the chart;
1. Large Pennant reaching its end (decision point).
2. MACD Cross appears to be imminent (I recognize this is a lagging indicator and would not rely on it, regardless it looks positive all the same).
3. The time pattern (colors) suggest bullish timeframe should commence sometime between now and Jul 2023 (Whilst this trade is generically risky, risk should reduce the closer we get to the green window in July 2023 however so might the earlier returns).
4. Good entry points are the bottom of the pennant or when we close above the 20 month MA. If you want you could start nibbling at this mid point.
5. Hopefully exit TRIGGERS can reach the fib 1.0 extension @ HKEX:5 (sell majority here) and the 1.618 extension at HKEX:27 (small remaining allocation).
6. Risk return is ideal as the bottom of the pennant is your exit and upside it pennant targets noted above.
Preferable:
- Price above 20 mnth MA (almost)
- OBV to break trend line or progress horizontally through it (almost).
- MACD cross (almost)
- Majority de-risking @ $5. Remainder @ HKEX:14 - $27.
- These exit points would likely occur between Jul 2023 - Sept 2024 (So this is a long term trade on a long term chart)
Undesirables:
- If we close a weekly candle outside of the pennant. Exit trade.
- If we a strong rejection off the 20 monthly moving average. Hold off on entering trade.
This chart is another fine example of how timeframes can help us structure a trade. Please note that this is a long term 12 - 18 month trade minimum. You could be exiting at any stage over those months depending on the trigger events mentioned above.
Good luck
PUKA