Here you can see that only one time in the chart history of Bitfarms has it diverted against the BTC chart. I take this to mean that they are heavily correlated, with BTC being the driving mechanic.
The chart is self-evident, we are at an event zone. Will be interesting to see what happens.
This is a third in a series of a developing Macro Cycle based analysis of XRP/USD. On this iteration, I am taking a more granular view of the point of transition in the 4-year cycles (note this doesn't have to fit 4 years perfectly that is more of a normative average). In this updated chart I have added two resistance curves (Orange dotted curves) that play off...
My Fellow HODL'ers, I wanted to share this perspective with you. Here we see a Zoomed Out perspective of XRP/USD. The yellow horizontal line is the noteworthy 30 cents level. The horizontal red line marks the bottom of the consolidation that bounced price to the 3 dollar area. The red zone that spans the bottom of the price action is what I consider to be the...
Hello again friends of the Cryptoverse! I hope all have been well and enjoyed some healthy take profit from positions. I figured it is time to update my previous idea on XRP. Here I am taking another macro analysis of price, trend, and momentum. In order to provide this insight I am utilizing Heiken Ashi, RSI, EMA, MA, Fib Retracement (price), and finally Fib...
Fellow Hodlers, Allow me to explain the chart a bit. the S-curve (blue) shows the general demand and supply over time. The vertical green dotted lines are the yearly intervals that comprise the cycles of accumulation and distribution. The horizontal Yellow and Red lines are key support and resistance levels in the current price cycle. The broadening wedge...
Cryptonians, I am here to provide a sequential structure of the fractal that I believe is in play. Earlier I posted about the price structure, here I will detail it sequentially. This chart presents a sequential perspective of the one I just posted earlier regarding the same idea. Thank you for your time. In service, Vuven DYOR, Not Financial Advice.
Hello Cryptonians, I hope you all are doing well. I would like to present to the community this idea I noticed recently. I have a split chart post, XRP on the left & OMG on the right. Most of us know that OMG|USD had a recent blast off upon its CoinBase Pro listing and the anticipation of its Mainnet launch. Please note that OMG had a nice Diamond pattern play...
Hello Cryptonians, I hope you all are doing well. I would like to present to the community this idea I noticed recently. I have a split chart post, XRP on the left & OMG on the right. Most of us know that OMG|USD had a recent blast off upon its CoinBase Pro listing and the anticipation of its Mainnet launch. Please note that OMG had a nice Diamond pattern play...
I hope everyone is enjoying the take profits from this great intro to 2020. The broader crypto markets are enjoying strength and momentum. Let's take this opportunity to look at what lies ahead for XRP. I am feeling very bullish for XRP! The basic pattern I see that maps the price action is a Cup & Handle formation. The pattern is macro in structure and spans...
Wanted to upload a chart that I have been considering. XRP seems to be one of those projects that people hate or love. Let's try to see past that and just look at the chart. It looks as if the 200 MA has aligned with the Fibo to provide support for the current price action. The channel in the Fib has bounced the price action well a few times and it stands to...