Support: Dotted Turquoise , Resistance: Dotted Purple Staring (point 0) from bouncing at resistance line, then: Wave 1 – Fib 0.618 : Dec 12 (touched support line) Wave 2 Jan 7 (touched resistance line) Wave 3 Fib 0.382 : Feb 5 (touched support line, , also last 9 months support line in red) Wave 4 Mar 5 (touched resistance line) Wave 5 (Guessing) by...
This is good and bad. Bad because it shows $20k was really a big hype. Good because we're almost on rock bottom
Market is bouncing back, everything looks green again. But, it's possible that we have the fifth wave ahead. Looking at last three years, there were always another recession in March (getting ready for taxes?)
XRP has proved it's resistance to price drop many times. Many are waiting for their new partnership announcements and 2017 Q4 report.
Coinbase was under pressure to add XRP to its platform from months ago. Now, XRP claims the 2nd market cap holder and it doesn't make sense to not have it on a major exchange. This will allow direct purchases of XRP using banks and credit cards by 12 million users. Imagine only 2000 XRP in average and that makes it more than 20 billion XRP demand. As stated many...
BTC was going up in hope of CME's magical influence, that would be in my opinion an amplified version of CBOE (CME has 10x more asset). We passed stage 1, and enter stage to just few hours ago. This time there is no good big news to push BTC to higher highs. Also take a look at last two years chars from DEC to Jan. BTC always crashes after new year holidays.
XAUUSD and BTCUSD emerging patterns. Seems they will meet each other again. Profit from either side trade!
Negative: Russia's Deputy Finance Minister Moiseev Claims Bitcoin Payments Will be Banned Shortly www.newsbtc.com South Korea bans all new cryptocurrency sales. www.cnbc.com The largest Korean holiday of the year starts today. www.reddit.com As Sanctions On North Korea Ramp Up, War On Crypto-Currencies Heats Up www.talkmarkets.com Amid Increased...