If XRPBTC breaks its current resistance level these are my targets for a swing trade.
If we take the low of July 16th, 2017 and draw a perfect 45 degree angle fib fan to todays high we can see that Bitcoin has made its way to its perfect 45 degree angle, which is the angle used in most trend indicators such as Gann indicators. Also looking at this fan we can see that Bitcoin has tested its Fib fan levels beautifully. This 45 degree line will be...
Watching CERS tomorrow for a continuation move towards the May 4th gap. CERS has had strong momentum recently after its very successful earnings call. Look for the move over 4 to 4.20, be careful of a $4 rejection. Looking for 10-20c. Im in from a previous position at 3.72.
Ethereum is approaching a battle zone around $300, these next few days and coming weeks will be key on its new trend. If it breaks it current down trend and heads upward the next resistance will be the double top around $400. If it breaks its long term uptrend then its support levels will be around $200 and $135.
These Fibonacci moves in BTC/USD are almost the same exact length. The first rally pulled back to the .618 retracement perfectly and then began this major rally up to $6000. Now Bitcoin seems like its losing momentum and beginning a downtrend, or it could be another fibonacci retracement to the .50 or .618.
My thoughts on BTC/USD if it follows it Fibonacci levels, which in the past it has followed very well.