Ah well that nice green candle we just made got BTC TO 7.5K and helped alot! I see a couple of scenarios playing out now we are either still in that ascending triangle I have drawn or the upward pointing wedge. So we could make 8k with the ascending triangle and looks to be close to 7.8 with the wedge before a correction plus we are close to the weekend (low...
As you can see we just did close the daily candle with a green engulfing candle which represents a trend reversal... sure things can change on this next candle and send us back down but looks to me if we can break that 7.6k resistance level we could make it all the way to around 8k ish before we see any real resistance...
I went a little into the past to show every time we touched the bottom of the wedge while being at least -75 to -100 (Daily Chart) on the Aroon Oscillator indicator we made a bounce each time. Currently we are at -100 and nearing the end of the downward pointing wedge. Should see our bounce with in the next day maybe two and really I think it could happen at...
I being new to the crypto world since last year just scratch my head with all these whale shenanigans always trying to fool all of us to take the bait and I've learned the hard way personally and have made it a point I will not trade off of those short time scales any longer I am starting to focus more on the long term daily charts. Anyways I drew out a few lines...
With BTC about to make another dump to 7K (Very Likely) pretty soon XRP should see at least .55 cents. Its following very nicely and could even make it to .48 but it all depends on how deep BTC goes. As with most the alt coins when BTC is dumping the alt coins suffer. So when I read a TA pumping it for gains while BTC is in a downtrend it makes me wonder what...
Looks to me like we will see another day of downtrend but midweek it should start shooting back up... hopefully!
Well BTC just passed a major resistance area which helps all of the alts... looks to me we could possibly see XRP at .80 cents again this week if BTC keeps going up (major resistance ahead). After that XRP has a big hurdle itself, so things should get interesting!
I'm thinking TRX will make it close too 1300 sat this week before the dump... if it was me I'd make sure to be out of it before or on the May 31st it could happen quick.
Looks like we have an ascending triangle and could breakout upwards soon...
I don't know maybe I am just reaching here and just talking out loud but the two area's I have in green look very similar to me I even cloned the pattern and placed it on the other one (the current one) and it follows it quite well I think... Just something to watch I guess... if it trends the same looks like we will get a spike soon then fall down to the bottom...
XRP is showing the same bearish triangle BTC is showing currently so we should be breaking down soon. If the first support doesn't hold then looks like we will hit the 47-50 cent usd range. Of course its all off of how deep BTC corrects....
Just playing with an idea but as you can see big things happen in the channel I have made when we approach the bottom big things seem to happen! As you can see there is a wedge that has been forming and we are coming to the apex. The last time we rode along the edge we had that huge 14% spike in 1 hour... will we see something like that again in the coming days?
I'm seeing a broadening wedge that has been forming all day and you can see its starting to push along the top which is a bullish signal... maybe we will see some kind of action soon! Just wish it would do something ha!
Looks to me if we do not break 10k in the coming weeks we could see another deep dive down.... lets hope the bulls come back soon!
Looks like you can catch XRP on sell soon....
Hopefully we see a run up after another dip... BTC looks to be gearing up for something... but these quiet times and low volatility always makes me uneasy!