BTC is currently in a corrective phase. this could simply be a sucker rally before the next violent leg down. Lets not forget there is still a re-test of 15-20k as a minimum otherwise the upwards move just simply cannot continue.
XRPBTC has further declined however looking at the higher time frames the lower trend line seems to confluence nicely with a .786 retracement. This should conclude the downwards move with a violent reversal to the upside.
XRPBTC has now retraced back to .786. It looks ready to pop much higher.
After such a bullish weekend I'm expecting a Sharp pull back before moving higher. This is common on a Sunday/Monday to get an initial liquidity grab before blast off.
This pair has been dropping for weeks however we may be seeing a bottom. The reversal could be explosive.... Look look at previous reversals ;)
Looking for a drop to .786 fib. Dollar looking strong which will push this pair down
Potential bounce back upto .786 fib before continuing on much lower. Targets in the 30k region.
BTT could potentially pop from here. its all dependant on its bit brother BTC. Defo a good price to get in at.
Looking for a pull back to the fib levels. I've decided to take the short oppotunity with a view to then switch to long based on price action. BTC will probably lead the show on this one.
Potential trade setup on gold in the short term. this is a 4 hours idea. Gold loves the 0.786 fib and generally respects it well.
Gold loves the .786. Look for entries around this area or just below.
Xrp is currently in a corrective move. 0.16c is a reality at this point and would be a great buying opportunity.
Looking at a potential rejection off the top trendline to start a downward move.
lookg for a rejection of .786 for a gold short.
Looking for pull backs to the fib level for long entries.
Looking for a tap of the .786 before launch to 1698.
Simply trendline break and re-test aligned perfect with the .786 retracement.