erict99

erict99 Updated 

I have changed my point of view since publishing my previous idea (linked below). We will begin to break upwards in the coming days/weeks and test March 2018 highs soon (around late June or early July). The bullish trend will prevail, and we will never see 6000 again. I hold no Bitcoin at the time of writing (June 11, 2019).

erict99 Updated 

The bearish scenario of my previous idea (linked below) has come to fruition. XRP/USD has invalidated the ascending triangle formation by testing the lower bound and eventually breaking to the downside. The descending channel was then subsequently confirmed when support was found at the lower bound of the channel (as shown). With the ascending triangle having...

erict99 Updated 

I believe that Bitcoin has broken its parabolic uptrend and has now entered a period of re-accumulation, during which BTCUSD will trade within a converging pennant. I do not believe BTC will break below this pennant, as I feel that general sentiment currently in favor of buying dips rather than shorting. Medium term momentum is also still bullish. I also do not...

erict99 Updated 

XRPUSD is nearing a point of convergence between resistance of the short-term descending channel and support of the ascending triangle formation. I believe that within the next 24 hours, XRPUSD will test the upper resistance band of the shorter-term descending channel. At this point, XRPUSD will either break through this resistance, thus ending the pattern of...

erict99

One cannot deny that Litecoin has performed remarkably since LTCUSD bottomed in mid-December of 2018. Since then, LTCUSD has appreciated by nearly sevenfold, outperforming most major cryptocurrencies including Bitcoin. That being said, while I am still a Litecoin bull, LTCUSD needs to continue to show strength as we approach the resistance levels which were...

erict99 Updated 

XRPUSD has recently made a move to the upside earlier than I had anticipated (as can be seen in my previous idea which is linked below). While such price action is favorable to short-term bulls, the lower high which was previously formed (around 0.456-0.46 USD) has not yet been surpassed, thus XRPUSD could still be forming a lower high, followed by further...

erict99 Updated 

While there have recently been significant moves to the downside in the cryptocurrency markets, the ascending triangle formation on XRP is still technically in-tact. This has become more convincing to me personally especially seeing how the current daily candle at the time of writing (June 5) indicates a possibility of support being found at a level which...

erict99 Updated 

This is the hourly version of the XRP/USD Ascending Triangle Still in Play idea. While there have recently been significant moves to the downside in the cryptocurrency markets, the ascending triangle formation on XRP is still technically in-tact. This has become more convincing to me personally especially seeing how the current daily candle at the time of writing...