XRPBTC made a nice rally after the completion of the harmonic butterfly. We had a nice swing until the .618 fib region. Expecting a further decline overall for all *BTC pairs here as BTCUSD prepares for another run up. Buying again in the 21xx range. Expecting stability or upwards movement for XRPUSD.
Crude showing strength as the dollar collapses. Next stop $50.
Wyckoff spring in play
Trendline hit plus bullish div. What else can you wish for?
It’s time gann said. XRP has been hugging the 1/1 line long enough for a breakout to happen sooner rather than later. A new cycle is ready to come and will start with a straight up. Santander/Apple pay or the G20 top could be triggers.
After the descending trendline broke we had a succesful retest of the trendline meaning hidden bulls are in the game. We’re seeing a descending channel now with broadening wedges. thepatternsite.com Observing the break of these.
The pivot point has been a great guidance for EU. As long as we're below stay bearish biased.
GU is resting in a support zone after BoE's rate hike. The support zone is combined with the yearly pivot giving the zone some strength. A trend line is going upwards supporting the price. We're in an upwards linear regression channel as well.
nzdusd retraced strongly but made a nice reverse on the .382 fib.
TP1 should be hit fairly fast. Stops to BE and hope for TP2