The first point is a little shaky since it was caused by the ETF crash - so I'm not sure if it qualifies. But otherwise the pattern looks plausible. This is also assuming the line starting at point 5 is not an Ascending Wedge (see my previous idea )
In my earlier ideas I theorized that we were breaking downwards out of an Ascending Channel (or wedge, depending on how you draw the lines). This hasn't been invalidated yet, but the fact that it bounced back up around $1012 has me preparing for a couple of Inverse Head & Shoulders scenarios that may form. 1) Smaller Inverse H&S (yellow): Breakout would be...
This is a followup to my earlier post about the russian-doll cup & handles forming. It's way too early to be predicting this so take it with a grain of salt, but it matches up very nicely assuming the latest Cup & Handle formation completes at 0.00001500 That seems to be playing out right now, considering we're in the middle of a serious spike that's already...
Either another handle is forming after completion of this larger cup, or we may see a double top. Personally, XRP is feeling very bullish to me and looks to potentially have a bright real-world future so I'm leaning towards another cup & handle - which would then lead to another, MUCH larger potential cup & handle. Will post about that later. Watch for this -...
Looks like we have a breakout of the falling wedge, and a cup & handle that may be about to break through. Look for a break above 0.00000965ish with volume.
This is a short term update to my previous post about a long term Cup & Handle. There was a nice spike yesterday, and it now looks like that Bullish Pennant that formed is turning into another handle. Going by the book, it should take us above the trendline that forms the top of the long-term triangle, but since it's so close I'm going to assume it'll stop...
This is related to my other idea about the Cup & Handle, but looking into it a little more it looks like an Inverse Head & Shoulders. The target roughly matches up with the top of the Bullish Pennant that's been forming for over a year. Around 0.005
Looks like we're near the top of an Ascending Wedge (purple). We're also at a trendline formed from the last couple tops and matches a few points further back (purple line). So I'm speculating that a drop is imminent (although this is bitcoin so who knows - my last prediction looked pretty solid and didn't pan out lol). Assuming it does drop, I have a couple...
Possible H&S on the 15 min chart - theory supported by the Ichimoku Cloud
Bitcoin's current falling wedge pattern ends pretty perfectly at one of the major long-term trendlines (zoom out to see more of the trendline). Opening a hefty long if it bounces off 830ish and stays above. Also seeing a potential double bottom at around 890 where the last curve of the Gann Square sits. So a couple of things to watch out for