DrDovetail

DrDovetail

XRP gave us a tremendous breakout fakeout on the previous 1 day candle but closed above the neckline of the double bottom which is a very bullish sign...however we also closed under his pink descending trendline which is potentially the real top trendline of the descending triangle we've been in since back when the bear market got started. This trendline had been...

DrDovetail Updated 

The running of the bulls continues and xrp is breaking up from a double bottom right now. If this successfully triggers the target is $.59 cents! However that will just be the beginning as reaching 59 cents will also get us above the last remaining potential top trendline(in pink) of the descending triangle we were in all bear market. So we should see it blast to...

DrDovetail

This bull run has confused a lot of people but once you zoom out to the weekly chart most of the noise disappears and we are left with beautiful TA simplicity of a falling wedge break out and 2 weekly bull flag breakouts. Wild to think all this bullish action can be condensed into just 2 weekly bull flags but sure enough it really is that simple. Weekly char and...

DrDovetail

Moneygram finally made it official they would begin using xrp in cross border transactions and the price action has seen a very nice boost in reaction to it. Whether or not this will be enough to break upwards from our current triangle is yet to be confirmed...we all know the old adage "buy the rumor, sell the news" and considering how this seems more likely news...

DrDovetail

Simply put, our weekly candle just closed as a bullish engulfing candle...that means that it covers the entire previous weekly red candle and more. This is almost always a very reliable sign of incoming bullish action and I would think even more so on the weekly timeframe. I'm most certainly bullish and think 9.6k-10k before our first real 31-41% correction is...

DrDovetail Updated 

a very odd looking inverted head and shoulder pattern on btcusd's 4hr chart but still a valid one none the less...if we break above and close above the neckline...the projected target should take us back o 9k.

DrDovetail Updated 

Things are looking bullish again for btc but we must also keep in mind that this 1 day chart H&S pattern is still very much in play and although it's not something to be too concerned about just yet it's wise to keep a close eye on it. If we can see priceaction rise above the head we can then invalidate it but for now it's very much in play.

DrDovetail

Likely due to the halving that's set to occur in August I believe.

DrDovetail

4 hr h&s in play on btcusd. if it validates we will drop to the double reinforced support of the 4hr 200ma and the 7427 horizontal support. Even if this happens there's still plenty of ime left i the new candle for it to still be a bear trap / fakeout....act accordingly set smart limit sells and limit buys based on these zones...is what I would do myself *not...

DrDovetail

The weekly stochrsis ascending support trendline has performed phenomenally this entire bull run. It still refuses to submit or bend the knee. Each time during the bullrun i seemed as if the big 31-41% correction was finally about to happen the fall was stopped short as the bullish momentum was bounced up off of this trendline. Once again this has happened to our...

DrDovetail

SSIA

DrDovetail

there's still a chance this ascending purple line could be the bottom trendline of the rising wedge if so we will know by sunday at the latest. However current price action suggests the rising wedge is a lot longer than originally thought...long enough to carry us to 10788 before a breakdown...with an apex at the horizontal resistance line at 11694...if we were to...

DrDovetail

We can see here we have now reached the 8827 target we had for the breakout target of the small yellow falling wedge and have since broken above that. However, just above that we have found a candle rejection on a potential rising wedge pattern I have been watching develop over the past 2 weeks and this rejection is only giving further legitimacy to this wedge...

DrDovetail

We can see xrp has once again broken through the horizontal resistance at 46 cents and is now testing the neckline of the 1 day double bottom pattern. Triggering a breakout of this double bottom pattern can give us a target of 59 cents. Reaching that target should help us rise above any of the other potential top trendlines of our descending triangle pattern(...

DrDovetail

a look at the time between each 1day 50ma bottoming out on xrpbtc 1day chart 2015-now....1st one took 238 days, next 238 days as well which formed three 50ma bottoms each not as deep as the next which resulted in the biggest breakout ever against btc.... then 286 days to the next bottom followed by 278 days and finally we are currently at 256 days and the 50ma is...

DrDovetail

As I said in my previous idea yesterday, we were 1 day away from the 1 day chart's goldencross on xrpusd and it has now officially crossed. The market tried to shake some weak hands with a solid bear trap last night but I know all those who understand the utility and value of xrp did nothing but hodl through it. Well done all he held as now the daily candle has...

DrDovetail

I dont see the 1 day 50 ma (in orange dipping lower than this horizonttal red support line before the bottom is confirmed on xrpbtc. I expect it to start making gains against btc once the golden cross s confirmed.

DrDovetail

Exciting to see that it seems inevitable we will see the golden cross on xrpusd come wednesday. A small retracement on tuesdays candle is not a bad thing as it brings price action closer to the golden cross for the time it occurrs which usually tends to give it better odds of being a sustained golden cross. We might not see price action respond immediately but it...