After observing carefully, I see that there is a pretty good correlation between bitcoin period 2018 - 2022 and dow jones for the period 1956 - 1961. And it turns out that the btc-dji correlation is also likely can be applied to some alts. Below are some examples I've tried to correlate. $XRP to $10 $XTZ to $40 $RUNE to $90 This post is purely for...
On 4H TF, it's clearly seen that $XRP printed bullish divergence in a bullish pennant from Oct'13th - Oct21st. Furthermore, 50% fibonacci level maintained as support which indicate that $XRP is still bullish. So if a breakout from its pennant followed by retest to upper pennant trendline, I'll expect to see $XRP rally continuation to 161% fibonacci level.
Just forget about macro economy, bitcoin and dollar index for a while as some coins/tokens has shown signals which is ready to short squeeze.
Based on fractals on the green box, I'm expecting $XRP last rally up before drop to demand zone maked by red line
Based on fractals on the green box, I'm expecting $XTZ rally up before drops to demand zone marked by red line
I suspect that there are similarities between the bitcoin fractal in the 2019 - 2020 range and its fractal in the 2021 range to today. If examined more carefully, its fractals pattern forms a big descending triangle pattern, where the last upward rally in that pattern begins with a double bottom. However, there are high uncertainties regarding how accurate the...
$BETA fractals repetition suggest a big move up before a drop to its unknown demand zone.
XRP fractals repetition suggest a big move up on after its botttom's in.
Are you ready for pretty cheap tezos ???? . . . . And here we go!!!!
As we can see on 1H TF, both RSI and STDev are converging which suggest the dip might be in. Furthermore, its trading ranges maintained inside an ascending channel which suggest a bullish continuation. If breakout from $2 resistance zone takes place, we could possibly see a rally up to 161% fib retracement.
As we can se in 1W TF, $XTZ price range is still tightened on 50% - 61% fibonacci retracement range (see violet fib retracement). An upside breakout from yellow ascending triangle might be a catalyst to start $XTZ bright season.
Based on the chart, $BTC has been corrected to 20,700 which is above 50% fibonacci retracement. So, in the short term TF we might see $BTC trading range tightened in 21,700-23,800 range. If breaout from 161% fibonacce could take place, we might see a bulish continuation to 28k - 29k price range. This TA is purely my personal opinion and is not financial advice. keep DYOR
Based on the chart, $XTZ has been corrected to 1.48 which is around 50% fibonacci retracement . So, in the short term TF we might see $XTZ trading range tightened in $1.57-1.72 range. If breakout from 100% fibonacci could take place, we might see a bulish continuation to $2.2 - 2.3 price range. This TA is purely my personal opinion and is not financial advice. keep DYOR
Based on 1W TF, There seems to be a good correlation between DJI chart (Mar'09-Mar'20) and BTC (Mar'20-today). Based on fibonacci retracement, We can see that after DJI had reached 1.6 retracement marked with a double top pattern, a correction to 1 retracement took place. Interestingly, these things are also seem in $BTC, as $BTC reached 1.6 retracement marked...
As Both MACD and RSI are still showing short term correction, a retest to 0,016-0,017 could be a good entry. If its next rally up could reach 61% FIB retracement, then 12 cent might be its first moon. This is not a financial advise, so do your own due dilligence.
Lets make some money on radix in next few days. Not A Financial Advise
Let's make some money on $SLP in next few days. #NFA
SLP price on 4 hour tf still can't break $0.023 resistant. So It's probably a retest to 0.01-0.012 could take place first before SLP continue its rally, as both price action and RSI are still forming a falling wedge pattern while OBV oscillator still maintains bearish divergence. This idea is not meant to be as a financial advise, Thanks.