DCCryptoacademy

DCCryptoacademy

XRP/BTC is looking really good right now (at least short term). We have created a strong trendline and created an ascending triangle. However, we still have to break out of this one and close the daily candle above to confirm, that's where we have failed previously. when we break out, targets are at 3500 sat and they go all the way up to 4000 sat. An Entry at...

DCCryptoacademy

Currently we are in no mans land, however below the important resistance marked. As long as it doesn't break, we have the bearish targets, market in the chart, in play (simular to my Ethereum chart). You can short as long as we don't break the resistance or wait until we touch the resistance again and then start shorting. Put a stopp loss above it the resistance....

DCCryptoacademy

The "last hope for longers" (see previous chart) held and we saw a reversal and went up and didn't hit the bearish targets. At this point there are two options: We retest $9800, bounce back up and create a right shoulder for our inverse head and shoulders and go directly up. Second option: We just pump straight through everything... Have to do it fast or we will...

DCCryptoacademy Updated 

That was quicker than expected. So we took the red path, didn't bounce off immediately off the wedge, therefore dumped. All downside targets are still in play of course, last hope for a small reversal is $9959.

DCCryptoacademy

We saw the selloff, because we couldn't the the support zone ($10074 and $10085) mentioned in my previous post. We almost hit our target to nearly perfect precision, however the bears weren't strong enough to hit it directly, which shows the strength of the bulls. Right now we have a new resistance area at $9903. If it doesn't break (watch 4h close to be sure it's...

DCCryptoacademy

We broke out of the first falling wedge we discussed earlier. The target for this one is $10300, depending on if we can hold the marked area. At $10300 algorithms will take profit and that's where we can expect a dump to occur.

DCCryptoacademy

We have to important falling wedges in play. The first one (smaller one) is imminent. The breakout of this one will lead us to $10300. Depending on if $10300 breaks, we will go higher and even possibly retest the $11000 region. If we break out to the upside. Looking at the bigger timeframe we can see a giant rising wedge. This rising wedge supports the...

DCCryptoacademy

Depending on if we break above $10300 we will see our targets below $10000 being met. We will eventually fall to the lower $8200 region, where shorting algorithms will take profit, if we break the previous low.