If BTC makes a corrective move up and re-tests this region as support - this is what we think could happen. The tops/bottoms are never 100% accurate and change as market dynamics change - but this should give us a rough idea.
barring any black swan events - now that we have the new ETH release forthcoming, the bitcoin halving in the future, and the bear market behind us (fingers crossed?), this is the trend - we'll see some stops and volatility at the major support/resistances for trading. I'll just be holding for the next year or two. Less stress!
Adding another view to my previous idea removing the volatility between the move. Please see for an idea of what the volatility could look like: Key areas: Keep an eye on RSI momentum Keep an eye on major support levels which will be added as time goes on Use pre-established profit points - and DON'T fomo when the time comes. Pick your sell points and COMMIT...
BTC is showing strength in this channel. You'll see the bottom of the channel trends from top and bottom level support over the course of previous cycles. This looks like a really good area for BTC to consolidate before it's next run as it's found strength around this level. May have a dip below, but I'd venture to guess the monthly candle won't close below...
Nothing new - if bitcoin surges, the whole market will rise. Rising tide lifts all boats. These would be my views of targets. Barring any crazy Fud or some new major positive developments, which would move targets higher and/or lower. Even though my previous BCH idea hit all targets and built that as support range, no movement is guaranteed - trade at your own...
ETC has been fairly quiet since it's last rally but it's been in a channel and near some long supports. The weekly RSI has a clear level for resistance/support which I've circled. You can see where it's bounced and failed. It currently appears as if it's bounced and looking to rehold. if it does, I'm thinking a bounce to the top of the channel, retest of the...
We are at another fun inflection point. We either go up or we wave down before bouncing off of the bottom making another triangle. Good luck!
Litecoin on the btc pair is at a double bottom region on the monthly chart. I see two possible scenarios happening - we break out to the upside in both, but do we continue or do we retrace down and go into lower lows? The red line is the current downtrend so until we have proof otherwise, all upside is speculation. The green line is the path and FIB levels based...
If the fed drops the case against ripple in a timely manner and bitcoin continues it's leg up, these are what alt season targets look like for Ripple.
if the RSI bounce that just happened stays above the circle chances are we start the continuation in the ascending triangle. I have two targets for myself here. 1st is new the top of the triangle. The second is the ascending triangle breakout target, should it break to the upside.
We have a golden cross on the daily, with a macd turning bullish along with the RSI just barely below 50. If momentum holds up and this does play out, that puts a target of just below 14k, matching the previous rally high. The Inv H&S is a bit sloppy on the left shoulder but could still play out as a downtrend reversal. I'm a nobody so don't use my advice to trade!
Lucille has smashed XRP's face in from the previous long term growth channels. While I expect more downside, I still feel optimistic about BTC with the halving coming which had me thinking. At some point, when BTC runs, alt's will follow. Not all of them, as some are dying off, but what if the channel was incorrect. What if that Dec 2017/Jan 2018 blowout to $3...
This is with an assumption that the pump to $3 wasn't the real channel and the run prior towards 40 cents was the true channel... seems to fit - if this is indeed alt season. This is a monthly view update from my last chart: Quite unlikely this will happen but fun to see false hope!
I was looking at some charts this morning and this possibility just jumped out at me. The idea of mimicking the downtrend but on the way up. We've seen resistance at previous peaks as I marked with the corresponding arrows. If something like this plays out we'll see an ascending triangle with a target at our all time high. Not enough evidence to say this will...
According to monthly view, bottom of that channel shift is at the end of October
Based on the bullish crossover on the MACD and what appears to be close to an ascending triangle in the making there is an opportunity for XRP to make another run up to my target of $0.38. This also falls between the 0.5 and the 0.382 fib retracement levels which makes me feel like this is a likely scenario. That would make this a 18-19% gain if you played a...
There has been a descending wedge forming since the last high. It appears to be testing the top of the wedge to confirm a breakout. Bullish scenario takes it to .40-.45 (if market climbs) Semi bullish scenario (market stays stable) 0.30-0.33 Bearish failure, drop to 0.20-25
XRP seems to have found a resistance bottom, at least temporary. There also looks to be a bullish divergence on the MACD as well as an extreme oversold. If the market stabilizes, XRP could easily make a run to 0.36-38. If not, it'll move lower to 0.29 at the very least - probably further which would be pretty brutal for XRP seeing as it's almost at it's 2018...