I think this 4 years cicle looks similar as the bullrun in 2013/2014. My prediction is we will see a temporary top in mid 2021 at around 90k. Alts will probably go parabolic at this time. After we hit the 90k ish mark, we drop back to 45-50k area, where we will find our new bottom in the end of 2021. At the start of 2022 we will go bullish again and we will see...
Be careful with LINK longs.... Capitulation just started.
I've copied the chart where you can see the drop in 1929. It looks like history is going to repeat itself. We have seen a 89% decline in price in 1923. If we see a similar correction. We could see numbers back to 3000's.
We are nearing the strongest support for XRP/ETH this year. Let's us see some fireworks baby.
Bitcoin bearish cycle. (4 years) Dotcom bubble (4 years)
Xrp sitting at weekly/monthly support. Ready to make a nice push to the upside.
XRP is probably going to range for a while. Creating multiple bottoms for new long entries. Bottoms are interesting for Marketmakers to manipulate the price. Bottoms going to get tested and stops are going to whipe out. After the down push we can see a lot of bullish momentum to the upside.
Bulltrap in the making. Be patient. Don't be fooled.
This is how I see xrp in the next 1/2 years. We will see a round bottom creating around 12/8c. In the next couple months after the bottom is created, we forming a nice H&S pattern to the upside. Bitcoin will probably lead the crypto market. I also predict a bottom on bitcoin around 1000/1200usd.
Look how btc closed below the previous support, and the day after it went up again above previous support. So basically shorters failed to break lower. We tested support again and now going up. We can see targets around 4200/4400. Shorters be carefull.
Looking at the daily, xrp failed to break lower, tested the trendline and bought back up. Now forming a reversal candle to the downside on the daily to trap shorters. If we stay above the white horizontal line. We will go up to test the top of the channel. Shorters be carefull.