Would love to see this before going higher with XRP/USDT.
While posting this post, my alarms went off. Target been hit let's see if it holds.
Some nice confluence in this area we can expect a nice reaction from here. Let's see how this plays out.
This chart can help us by giving us more information where the other markets are heading.
XRP got rejected from trendline and and now heading to my next target.
It's been a long time since I posted anything but I am happy to be back. This is my plan incase we losing market structure. These are the levels where I expect a high chance for some good longs in this market. For now I remain in my short.
Maybe a bit early to say but these are the target we can look up next.
No sign of strength atm. Protect your capital because this could get a bit messy.
47K region will be a massive resistance, as long we don't break this important Resistance level and flip to support.. i'm looking @ 28 to 23K for a juicy Long (swing) trade!
Is the overall Bull trend over? Or are we in the middel of this cycle? According to this analysis we are in the middel of it and have not reached the cycle top yet!
This make sense if you look what happend in the past. This cycle should end in December. Let's keep this in mind;) for me i just trade what the charts are telling me. First we have to reclaime some important levels before i flip bullish.
We could break out from here. But, if you are not in a position this could be the next one. No financial advise;)
Everybody is drawing a ascending triangle, but that is what the big boys ones you to believe.
This is what I expect for the coming months for bitcoin, I believe we will range for a while around 30 K Also we can expect a short squeeze before revisiting 20K for a backtest of the previous ath. My exceptions for 2022 is Down till the end of the year.