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Zigzag

XRP - Whales will start buying XRP here. But first a 55% DROP! This head and shoulders pattern on the weekly chart is almost ready for a breakdown, so this is your last chance to sell XRP and save your money! On the other side, it's a great opportunity to short XRP on the futures market, as I already did at the top of the right shoulder (see my previous idea)! But be careful; XRP is the beast, and I know XRP very well, more than most other people. Overlaps between waves are common, and movements can be difficult at times, but they are doable. If you ask me when moon for XRP? I can tell you that after we hit 0,1 - 0,09 USDT, the whales will start buying massively. The whales are going to send XRP to the moon! And I am telling you it will be massive; you don't want to miss it, so hit the LIKE if you think I am right. But let's be realistic; this is the biggest bear market in history, and it's better to buy XRP at a cheaper price. XRP is stuck in this parallel channel on the weekly chart, and the bears are in full control. There are no signs of a trend reversal at all. No buying alerts from whales As per my Elliott Wave analysis, this downtrend is so incomplete. We are in the middle of the bearish trend that started on April 13, 2021. But we are basically finishing the downtrend that started in 2018. It can take another 1-2 years for XRP to bottom out. XRP is ranked 6 on CoinGecko, which is pretty impressive. Transactions on XRP are extremely fast and extremely cheap, so it's a pleasure to use it for payments. But it's not a digital gold nor a store of value and will never be, this can only be Bitcoin. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
71
Bitcoin - Secret pattern no one is talking about! Bitcoin is bearish on higher timeframes, but on the 4-hour chart, BTC could reach 17,300–17,550 in the near term! There is a massive opportunity to short Bitcoin at the top of two parallel channels or at the 0.618 - 0.5 FIB! We can go straight down to 10k after we reach this important level. From the Elliott Wave perspective, it makes sense to complete the C wave to the upside. There are many shorts that must be eliminated before bitcoin experiences a historic crash! The previous uptrend from November 21 to December 14 was nice, but unfortunately, there are a lot of signs of weakness in this particular move. Example: There is an overlap between wave W and wave X. It looks like a WXYXZ triple-three (ZigZag) corrective structure. The subwaves look like zigzags, not impulses. That's why I am being a little bit pessimistic about this previous uptrend. I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. 15487 is the next major support, and I believe the market wants liquidity below this level. All stop losses should be hit first, and then I expect a bullish pullback. I will inform you in my next analysis, so make sure you follow me! It's better for Bitcoin to crash to 10k immediately, so we can eventually start a new bull market sooner rather than later. Probably the last thing you want is for Bitcoin to slowly rise to 21k–30k and then dump to 10k. Check out my related idea about "Bitcoin - Merry Christmas!" in the related section down below; you don't want to miss it. I think we will see more major players capitulate, so stay safe! There is an opportunity to wipe out big players out of the game now or never. Thank you.
by UnknownUnicorn2537518
67
Microsoft - 2016 Trendline is breaking down! 43% CRASH. First Netflix, then META, TSLA, and now MSFT! The major trendline from 2016 is breaking down with a successful retest. This is not looking good. MSFT is still pretty strong compared to others, but the question is how long it can last. The next support is the base trendline from 2009. In this case, a 43% crash is possible. I don't see any good, strong support above the trendline. If we take a look at the MACD indicator, we can see that the histogram is very negative for the first time in a long time. It clearly broke the major uptrend. As per my Elliott Wave analysis, this whole uptrend is done. MSFT's uptrend was brutal, as it always is, but the impulse wave has been completed. Now we are looking for a retracement. The previous all-time high from 2000 is pretty much the worst-case scenario, just in case it starts to free fall like META. Buying Microsoft on this support is a once-in-a-lifetime opportunity. We are experiencing a historical crash in stocks and crypto. A lot of investors get rekt and it will be even worse. Great to be alive or not? :D I am not here to spread negativity, but I cannot pretend that everything is bullish. I don't want anyone to lose money with bad investments, but when the big players decide to crash the market, no problem for them. Thank you.
NASDAQ:MSFTShort
by UnknownUnicorn2537518
35
Ethereum - Bears will shutdown ETH! Short here. The price of ETH is moving into brutal resistance, and the bears are waiting patiently to shutdown ETH to lower levels! It's going to be very extreme because the resistance is huge! I will tell you why in this analysis. It's the previous structure's POC + 0.618 FIB + the previous trendline's breakout level + the start of the GAP. As per my Elliott Wave analysis, this whole structure looks very complex and corrective. I would love to see some capitulation and a strong rebound, but it's not happening. What's more, the downtrend from December 14 to December 19 looks totally strong and impulsive. It's the main direction of the trend, which is bearish. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. So my plan is to short ETH once it reaches my specific resistance. I am telling you, it will be a massive rejection! If the ETH/BTC pair falls below the main support level, ETH can effectively free fall relative to Bitcoin. But this is a different chart and a different analysis. I don't even know if ETH can reach the strong resistance; we will find out very soon! Thank you.
Short
by UnknownUnicorn2537518
50
DOGE - Extremely bearish pattern, buy/long here! Doge looks very bearish, but this coin is definitely stronger than others. In this analysis, I will tell you where to buy DOGE for a short-term trade! Doge is not going anywhere; this coin will survive even the most hard-core crash, together with Litecoin and Monero. These first-generation altcoins are solid. Unfortunately, the chart is printing a descending triangle, which is not bullish. There is a lot of liquidity below the triangle, so the market wants all orders. I am buying doge exactly at 0.06112 for a short-term profit. I will trade it on the futures market, of course, but you can do it on the spot market as well. Don't forget to set your orders! From the Elliott Wave perspective, the previous uptrend looks like a 3-wave ABC corrective structure. Not the best sign. I remember before everyone was buying DOGE like crazy, and now everyone is at a loss. The crypto winter is real; nothing is bullish pretty much. The only way to make money is to trade futures. I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, profit target, expected duration of the trade, risk-to-reward ratio, or timing. Why buy doge at 0.06112? because it's the last high-volume node on the volume profile and also because we have an ascending trendline, which should work well together. What's more it's the start of the massive gap. The 200-day moving average has been tested three times, and it's just too much. It looks like buyers are running out of steam. There are 2 most likely scenarios. The first is that we will spend more time in this triangle. The second is that we will breakdown very soon. Thank you!
Short
by UnknownUnicorn2537518
47
Bitcoin - Bear flag, January is an extremely bearish month! Sell before Christmas because this is the time when Bitcoin falls like a rock pretty much every time! January is also a deep freeze for Bitcoin. At this point, this overlapy uptrend from 15450 to 18400 looks like an ABC correction to me. It shows all the signs of a correction. Altough I believe there will be a lot of buyers at the 0.618 FIB retracement because this uptrend can be considered a strong trend by some traders. I am buying here for short-term gains. The 0.618 FIB is a strong support because it coincides with the POC on the volume profile, the previous breakout level, and the beginning of the GAP. I give you the most professional outlook on bitcoin, so hit the like right now! Thank you. We can clearly see that Bitcoin is moving in an ascending parallel channel, or you can call it a bear flag as well. This is a big problem; you probably don't want to see this pattern at the start of something big. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. After we break this bear flag, Bitcoin can continue to drop to new lows and potentially hit 10k next year. I hope it happens very quickly, so we can start a new bull market as soon as possible. Of course, I don't want Bitcoin to be stuck in some range for another six months and then slowly bleed down. At this point, I cannot be bullish because of the DXY index, and if I take a look at altcoins, it looks even worse. Thanks for your attention!
Short
by UnknownUnicorn2537518
67
DXY will trigger a huge crash! Best to stay in cash. Everything indicates that the recession in 2023 is pretty much inevitable. And when the Fed pivots, a market crash is almost guaranteed. Nothing is for sure, but it's based on historical statistical data. The DXY index is currently sitting at the strongest support ever created. It's the rectangle line + wave (3) + wave 1. As per Elliott Wave rules, in an impulse wave, wave 1 cannot overlap wave 4. Only a small wick is permitted. I think this is the best place for a trend reversal and a strong dollar again. Let me know what you think about the recession and the strong DXY dollar in the comments! I want to know your opinion! As you can clearly see, this is the monthly chart, and the price is following this ascending parallel channel. Since 2008, we have been in an uptrend, and trend is your friend until the end. I think if DXY drops below 101, then it's over and this channel is going to break down. The dollar will be weak, and the bull market is imminent. But now there is no point in speculating on a weak dollar; why would you do that? I don't think it's a good idea to short the support and long the resistance. But the majority of traders do that, which is a paradox. This is my update on the DXY index. The dollar is still in a strong uptrend, and from a technical perspective, the uptrend is intact. But let's see if the big players still want a strong dollar. We will discover soon! Happy trading!
TVC:DXYLong
by UnknownUnicorn2537518
66
EURUSD - Massive 22% crash to 0.82! Lifetime opportunity! The EURUSD is going up right now, but it looks like a dead cat bounce rally. It was a nice short-term bull market! We need to focus on the main direction of the trend, which is bearish. I think EURUSD will go up to 1.06311, where there is an extremely strong resistance that should be a reversal point. This is a once-in-a-lifetime chance to short EUR/USD!Follow my calls. As per my Elliott Wave analysis, we need a final impulse wave to the downside to complete a major impulse wave. Typically, wave 1 serves as strong resistance, which in this case is 1.06311. 1.06311 is a strong resistance because it is the 2020 COVID swing low + wave (1) + 0.382 FIB retracement (wave 3). You can take profit at the previous POC of the triangle from 2000–2002 (0.88691) or at the previous swing low from 2000 (0.82311). This is not a trade setup because there is no stop loss, expected duration, risk-to-reward ratio, or timing. I post professional trade setups elsewhere. This is just an analysis. I am more than happy to provide you with these analyses, so if you like it, hit "Like" and "Follow"! Tell me in the comment section what you think about EURUSD. It looks like everyone is now extremely bullish, which is definitely not a good sign! The majority is usually wrong. Stay strong!
Short
by UnknownUnicorn2537518
79
Bitcoin Bogdanoff - Can this pattern predict the bottom? The Bogdanoff twins claimed they participated in helping Satoshi Nakamoto build Bitcoin. Is this true or not? Let me know in the comment section right now! The question is, can this weekly chart's falling wedge and bullish flag predict Bitcoin's bottom? I think it's definitely possible and maybe even likely! Bitcoin is still very weak compared to the stock market or gold. A lot of people hate Bitcoin and spit on it as well. This is one of the possible Elliott Wave counts that can predict the bottom as well. As you can see, the previous impulse wave from 2018–2021 was pretty much a textbook wave. What traders usually do is wait for a bearish retracement to buy the DIP. In other words, they wait for the ABC correction to enter the market. In the current situation, the ABC correction is still developing, and we need at least one more huge swing low to complete this pattern. At this moment, it looks like an impulse wave and we don't want to buy it. The 0.618 FIB of the previous impulse wave, as well as the start of the POC on the volume profile, make 10 300 USD a strong support.I would not be surprised if the market takes liquidity below the previous swing low of 9825 USD. I really want a bull market because everyone in crypto is toxic, and of course I don't like it. I like it when the majority of people are happy. Also, I want to open an investment position on bitcoin, but not now. Maybe the bottom is in and we will go up from here, but I doubt it. The likelihood is now around 25%.I am waiting for the main yellow trendline to be broken before I can change the probability to 70%. If you disagree with me, let me know in the comment section why. I look forward to your comments! For more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
61
Ethereum is bullish! | Bull flag is ready! This bullish flag is absolutely ready for a breakout! I am bullish on ETH, and I opened a quick long position. I will exit at the resistance, and after that, I am going to short ETH! As you can see, the price is in this rectangle range, and usually the market is ranging 75% of the time, so there is a huge chance that the bears will step in at the resistance! I recommend shorting ETH later. In my opinion, there is currently only a 25% chance that this rectangle pattern will be destroyed by the bulls on the first try. I expect a strong rejection and will go back to the POC that you can see on the right side of the chart. There are a lot of stop losses above this flag, so I believe the market wants the liquidity. From the Elliott Wave perspective, it looks like a corrective tripple zigzag pattern (WXYXZ), because we have an overlap between the major waves, which is not a good sign for the bulls. This overlap is a problem. It shows the weakness, and I don't like it. Let me know in the comment section what you think! We have a double bottom pattern on ETH. The neckline needs to be broken to confirm this pattern, but it's not going to be easy. I don't know what about you, but I am now temporarily bullish on ETH, and I have my orders set to close long and open short at the resistance. I wish you a lot of fun during your trades! I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. For more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
55
Bitcoin + Crypton (CRP) - This hidden GEM will 100x! Crypton (CRPUSD) is a hidden GEM with a 100x profit potential. I recommend buying this coin before it's listed on exchanges! The current rank is only #895 on coinmarketcap; that's why there is a huge opportunity for growth! This coin is extremely powerful, not like others. Focus on low-cap coins with great potential. After purchasing this coin, it is important that you inform your friends and others about it so that the price rises and the opportunity for massive gains increases rapidly. Crypton (CRPUSD) chart: The coin is holding its value extremely well during this massive bear market. The technical analysis is very strong! ---------------------------------------- Coin: Crypton - CRPUSD Potential profit: 100x (10,000%) CoinMarketCap rank: #895 Crypton current price: 0.64 USD Market cap: 4,736,720 USD Volume in 24 hours: 222,977 USD ---------------------------------------- What is CRYPTON? Crypton (CRPUSD) is the monetary unit and digital currency of the Utopia P2P ecosystem. It is a decentralized cryptocurrency where transactions are instant, irreversible, and completely untraceable. When Cryptons are sent, the Peer-to-Peer network of Utopia confirms the transaction immediately, without delay. There is no centralized, or decentralized, authority capable of reversing a transaction on the Utopia network. uWallet balances of Cryptons cannot be seized or even identified by any authority. Crypton transactions are completely anonymous and cannot be tracked on the blockchain. Only the sender and receiver have any record of a transaction. Newly mined Cryptons are distributed every 15min block to nodes helping to maintain the network which meet the minimum requirements. What is UTOPIA? Utopia is an ecosystem designed to protect the privacy of interactions and to preserve the security and confidentiality of each participant's personal data. The network went live on November 18, 2019, and is supported by the people who use it, based on Peer-to-Peer (P2P) technology. With no central server involved in data transmission or storage, it has no single point of failure and is truly decentralized. Each node, including your Utopia client, transmits network data using secure Curve25519 high-speed elliptic curve cryptography. The data transmitted cannot be intercepted by any third-party, only the recipient is able to read it. All personal account data is stored on a Utopia user's local device in an encrypted file using 256-bit-AES encryption. Utopia enables users to bypass online censorship and firewalls, allowing them to freely communicate and interact with whomever they want, whenever they want. Users can privately send instant text and voice messages, transfer files, play games and create censorship-resistant group chats, channels, and websites, as well as make and accept payments denominated in Utopia's fully integrated digital currency, Crypton. -For more ideas, hit "Like" and "Follow", right now!
by UnknownUnicorn2537518
59
ETH - The most bearish pattern is confirmed! This is a very bearish 3-wave corrective pattern (WXY) double ZigZag. This pattern is now confirmed, and ETH could drop significantly! It's not looking good for ETH at all. The bear market is strong, and ETH can potentially reach levels below 1000 USD. The most important yellow trendline has been destroyed by the bulls, and the bears are back in full force! I recommend longing ETH at the 0.618 FIB for quick gains. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. The ECB (European Central Bank) recently warned us about a massive crypto crash; this could be true. 1235 USD is a key level, and the bulls weren't able to sustain it! This level was important because it was the peak of the first wave (W). The possibility of an impulse wave has been invalidated for good. I hope you guys are doing great and take care! You must look at my ideas about Bitcoin, Gold, EURUSD, and Oil in the related section down below. For more ideas, hit "Like" and "Follow", right now!
Short
by UnknownUnicorn2537518
58
Bitcoin - A new Twitter coin! Elon Musk, Lightning Network! Bitcoin is still very bearish because the current price is below the main trendline and below the swing low from June 2022. I am not buying bitcoin at this moment because I feel like it is too risky to catch the bottom like this. But if Bitcoin breaks above 21,480 USD, then I will do more research about the stock market and gold , and I may open an investment position with a target of around 150,000 USD. I would rather buy bitcoin at a price above 21,480 USD than at the current price of 17,000 USD. I don't know what you think; let me know in the comment section! As per my Elliott Wave analysis, there are two possible scenarios. The first is that the huge dump was only a WXYXZ tripple zigzag correction, which is unusual but can be true. The second scenario is that this was a strong impulse wave, or the fifth wave may still be in progress. This would be very bearish , and Bitcoin could drop to 6,000 USD. On the chart, you can see strong levels on the road to a new all-time high. Expect a strong reaction here. Use these strong levels for your trading strategy. I am not interested in Bitcoin at this moment, but I do trade bitcoin intraday. This is my opinion on Bitcoin; I hope you like it! Now let's take a look at the Twitter coin. For more ideas, hit "Like" and "Follow", right now! Twitter coin - LOGO - Users could buy coffee and checkout at Starbucks, or send remittances across the world using just their Twitter app. What Does A Twitter Coin Mean for Dogecoin And Bitcoin? -The crypto community is currently speculating what the alleged revelation could mean for Musk’s favorite coin, Dogecoin (DOGE) but also Bitcoin . At first glance, a proprietary coin from Twitter is bad for DOGE and also BTC , as it would eliminate the need to integrate both cryptocurrencies. -However, the leak of the API could indicate that Musk is not just focusing on one cryptocurrency, but multiple. DOGE and Bitcoin could thus be complementary to the Twitter Coin. Thus, the crypto industry as a whole could benefit from a crypto wallet integration from Twitter . -Elon Musk had shared as recently as Nov. 27 his intention for digital payments to be integrated into what he calls Twitter 2.0 – “The Everything App.” -Although Musk did not mention Dogecoin in his tweet, the DOGE price skyrocketed. The community apparently speculated that DOGE was part of Musk’s crypto plans for Twitter . -Moreover, rumors about Twitter’s crypto wallet plans surfaced already back in October after Wong speculated in an Oct. 27 tweet that the company had already begun work on a wallet prototype. Does Musk Have Lightning Network On His Radar? -Jack Mallers, CEO of Strike, commented a few days ago that Twitter could be become a payment app by adopting Bitcoin . -Mallers said that by adopting the Lightning Network, Twitter can be a payments business and has the “opportunity to build payment experiences which traditional Twitter can’t.” -“Because they cannot get into the business of debt and all the regulatory and fixed costs. Chase has that business on lock and now that is not a requirement anymore,” Maller continued.
by UnknownUnicorn2537518
58
OIL to 62! This has never happened in history! USOIL is breaking down! The trendline from 2020 has been destroyed by the bulls recently, and we can free fall to 61.76 without any problems. On the monthly chart, you can see a falling wedge, and all patterns should be retested. This is a chance to retest the wedge on the breakout point at 61.76 or even lower at the trendline. This chart is totally brutal, and I am very happy to see such huge volatility. What goes up should come down in the same way. Oil was traded at negative levels in 2020, which has never happened before in history. Why did it crash? There are a lot of speculations. For example, they wanted to wipe out all the long positions on the futures market, so it was a huge manipulation. Why not? Tell me in the comment section right now! The breakout point of the trendline + the POC of the previous structure + double bottom + high liquidity zone make 61.76 a strong resistance. No one is providing you with such a strong and detailed analysis as me. Don't forget to share this analysis! If you do not buy oil at 61.76, then I am not saying anything! There are lots of stop-loss orders below this swing low that need to be taken. If we take a look at the recent 2 monthly candles, we can see "shooting star" + "bearish engulfing" candles. This combination is extremely bearish; the likelihood of further decline is high. Check out my related ideas about GOLD and EURUSD in the related section down below! It is critical; you must see it! For more ideas, hit "Like" and "Follow"!
TVC:USOILShort
by UnknownUnicorn2537518
44
GOLD - Wall Street doesn't want you to know! Huge dump. GOLD is currently very close to an extremely strong level, which is the previous swing high from August 2022! The market will probably want liquidity above this swing high. I expect price to break this level and touch the top of the parallel ascending channel. As per my Elliott Wave analysis, a classic impulse wave is almost done. This is a simple pattern that may work in confluence with other indicators. What do you think about gold? Let me know in the comment section, because I look forward to your opinions! I recommend you short gold once we break the previous swing high or once we touch the top of the channel again. Of course, you can set a limit order or wait for some reversal pattern at the critical point on lower timeframes. I hope this analysis will help you with your trading decisions! Keep in mind that this is not a trade setup. There is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Where should you place your profit target? You can use my level, which is the breakout point of the previous trendline (1681.94). You can also long gold here in the future once the price reaches this important point. Wall Street doesn't want you to know that 99.9% of gold is paper gold in the form of contracts. You may say that the physical supply of gold is limited, which can be true. But they can "print" an infinite amount of paper gold backed by fiat. For more ideas, hit "Like" and "Follow"!
OANDA:XAUUSDShort
by UnknownUnicorn2537518
55
TWT Trust Wallet - The pump is over, buy at these levels! TWT is a great token, but it looks like the price is too high at this moment, which is why I recommend buying the dip at lower levels! As you can see, the chart is printing a descending triangle at the top of the uptrend. This is definitely not a good sign at all. Descending triangles have a higher probability of breaking down. I made a descending parallel channel projection on the LOG scale, which can be very useful in the future. Usually, triangles turn into channels. The impulse wave has been completed, and we are looking for a retracement. I will give you the two most important levels where you can place buy orders. 1.46 USDT and 1.22 USDT are great levels to buy TWT. If you missed the pump, it's not a problem at all. I will trade this altcoin once it reaches my levels for short-term gains! The first level on the log scale is the 0.618 FIB, which is, of course, a very strong support. We should see a lot of buyers at this particular level. The second level is based on price action. We have an unfilled gap from the previous uptrend that can be filled in the short term. On a higher time frame, it is also a breakout level of the previous market structure. The platform was acquired by Binance in July 2018. So there is a huge expectation for the Trust Wallet token. Binance is currently the most reliable crypto exchange in the world. A 26–40% correction is possible. I will take this opportunity once the price reaches my targets. For more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
41
Bitcoin - The bears will crash BTC again! (Great opportunity) From November 21 to November 24, we had a pretty nice uptrend. It lasted only 3 days, and the structure of the uptrend is bearish. As per my Elliott Wave analysis, it was an ABC correction because I can see only 7 waves, which is a typical correction with an extended wave A. Bitcoin is the most bearish asset, and it's absolutely a pleasure to short Bitcoin or Ethereum! A new week started, and Bitcoin broke out of the symmetrical triangle pretty hard. October and November are extremely bullish months for Bitcoin, but this time we dumped, and Bitcoin continues in free fall. The right question is now: When will we reach 10,000? not if we reach 10,000. After we reach 10K, I think we will have a massive bounce back to 15K or so. Make sure to follow me so you do not miss important information on this expected bounce! If you want to trade bitcoin, the best strategy is "short only." So wait for pullbacks and shorts. I expect the ultimate bottom for Bitcoin to be between 6500 and 10300 USD. I am very happy to provide you with these analyses; stay strong!
Short
by UnknownUnicorn2537518
64
XRP - When moon? I'll tell you when... I will tell you, when the moon is for XRP, but first, let's take a look at the technical analysis. On the chart, you can see two major downtrending trendlines, and the price is below them. The bears are in full control, and I cannot be bullish at this point. The previous uptrend from June 13 to September 19 was a 3-wave structure (ABC). This suggests a corrective counter-move in the main direction of the trend. The trend is indeed bearish. I want to see an impulsive structure before even considering becoming a bull on XRP. What's more, the price is printing a head and shoulders pattern, and the price is currently forming the left shoulder.  Basically, it's a shorting opportunity if you want to catch the local top. Or wait for a breakout below the neckline for a confirmation. Your profit target is at the bottom of the parallel channel on the LOG scale. XRP can drop by another 50% or 80% to 0.1 USDT next year. It's very likely, in my opinion. If we take a look at the MACD indicator, we can see that the bulls are losing steam on the histogram, and the bearish crossover can occur very soon! So when moon for XRP? There is no indication from whales that they are buying XRP at this moment. It looks like they want to buy cheaper XRP at 0.1 USD. I think XRP can moon next year in 2023, it's possible, why not. Happy trading!
Short
by UnknownUnicorn2537518
73
Bitcoin - 1 million USD (You have never seen this before) You see this ascending parallel channel for the first time! The channel is projected from the start of the bull market in 2018 to the end of the bull market in 2021. The road to 1 million will be full of traps, liquidations, scams, and frauds. But if you are ready for a roller coaster, you can hold your bitcoins in cold wallets such as Trezor, where they will be frozen to death. This is a projection because, of course, no one can predict the halving dates. I want to show you how Bitcoin can behave on the road to 1 million USD. This parallel channel should be sustainable over time; there is not too much pressure, and we can reach 1 million in 2037. But for now, we are in 2022, and the current price is 16,500 USD. As you can clearly see, Bitcoin could reach 6,500 USD next year to touch the bottom of the parallel channel. I don't see any problem with that. Who will get rekt after FTX? Let me know in the comment section right now! Bitcoin is extremely volatile and dangerous asset, they said. If you bought the peak, then yes, it's dangerous. Thanks for your attention!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
116