Using Fibonacci extension from the swing Low to the recent pump we see a relationship between the two. Now, I'm not saying this will be the case - but merely documenting to see if the trend continues. Validation would occur if next pump goes to $1 Final pump reaches $2.60 region Don't hold your breath :)
As BTC shows signs of weak recovery (on low volumes) it is about to: • Retest the 4 day rejection level around 7100-7300 • A break above 7300 could see a quick rise to 7600 • 7600-7700 is heavy resistance at the descending trend line. A break above this would add much needed confidence into the scene. Not financial advice.
With the development of a possible Bear flag we could see the converging lines fill out and then have a quick drop to $0.54 - $0.525. (Flag height method) Expecting to find good support and bounce at the Lower Long-Term (Log Scale) bottom trend line. Not Financial Advice. @XRPcharts project, aiming for 66% success rate or better :)
Here we examine BTC on the 4hr Bitfinex Chart. Showing a possible scenario based on: • Falling volumes • Bearish Divergence RSI • Valid Harmonic Bat Pattern (3rd or fourth repetition of a similar Pattern since Sept/Oct 2017) • Finding Support at the hard rising trend Line One would expect a substantial bounce from this region, so maybe don't get greedy. Not...
Here we show the falling wedge correlation with the overall Bitcoin Triangle formation. Expecting a breakout early to mid April. Not Financial Advice. Part of of @XRPcharts public project trying to keep success rate over 66%.