Get started

Coinbasepro

Bitcoin Correction is Over --> Buy Support, Not Resistance!Look at the chart to see how I've traded since the second of January. Update: Forgot to draw a downwards arrow at the 8400-8500 range, which was the 0.5 FIB on the move from 10500 to 6400. It's one of the trades where I switches a big long into a small short for awesome profits. Of course, I have been proven wrong to think that the correction bottom was not yet in. It was mostly the double bottom that made me think this way, on top of that, we broke the golden zone with more than 5% closing below the 0.65, but did not reach that 0.786 around 5400. For this reason, I filled up a big short between the 14th and 19th of January (range of 8900-9200). Luckily for me, I was able to sell it off at a nice average profit of >5% (1/4th got stopped out at break even). I always advise people to use low leverage, on top of that I will tell them to put a stop los at ALL times. For those that got in short days after I was spreading my idea, and then did not listen to me when I told them a daily close above 9200 meant the correction was completely over, your losses are on you, not on me... It is incredibly funny to see how small fish tried to short all the way from 9200 to 9800 without doing any research or technical analysis. You should have seen that short ratio increase after every pump on a near daily base. Instead of that, smart traders were longing dips that had high volume support. After that close above 9200, I bought all 3 wicks that went towards the 9150-9000 area with limit long orders. So, what happened next? I sold my bag when the little fish finally started changing their shorts for longs at one of the only resistance levels I was able to find on my mid term + long term charts, this was between 10100 and 10200. I don't understand how this can happen every time again and again, there is one resistance level and it is so far away... Everyone could have easily grabbed +10% in a week. Still, those little fishes keep going short and finally jump in at that one resistance level that has been there during the past 7 months... Does this mean that a good correction of 10-30% is incoming right now? Of course not, why would this be the resistance that causes that correction? Sure, the little fish all jumped in at the first resistance level we came accross, BUT they are very easily scared out of their positions or even liquidated. By the time we fill that volume gap towards the 9500-9350 area, it might be that the short ratio has increased dramatically again and we can go towards the next resistance zone which I.M.H.O has a much bigger chance of dropping the price with a good 15% if not more. So where lies that resistance zone? As always, most important would be the golden pocket of the entire correction from the past 8 months.
COINBASE:BTCUSD
by ItsShowtime
Bitcoin Weekly AnalysisWelcome back traders, Bitcoin has been all over the place lately. The bulls are holding out strong, receiving support from the 21 exponential moving average(EMA) at $8,221.40 on the weekly. It is likely not a coincidence that we saw trend support at $8,233.00 the week of October 14, 2019. A weekly close above the 21EMA is crucial for the continuance of BTC's current uptrend, displayed on the graph. Assuming that the local selloff is complete, our first major trend resistance/support falls at $8,700.00. If reclaimed, $9,300.00 would be the target for the weekly close. It is noteworthy that we would likely see resistance/support around $8,500.00, which would be supported by charts with shorter time-frames, such as the 12h. A weekly closure below the 21EMA, however, would indicate the bears may be taking back control. The Volume Profile Visible Range(VPVR)'s strongest Point of Control(POC) at $7,944.50 demonstrates that this will likely be an excellent support/resistance line. The 50 Moving Average(MA) at 7895.50, coupled with strong trend support at $7,861.00 from the week of September 30, 2019, suggest a likely range for support if 7944.50 does not hold. This may also serve as a possible area for wicks if our 21EMA is broken on this close as well. If these support areas do not hold, $7,350.50 and $7,100.00 are the next trend supports from the weeks of December 16, 2019 and December 30, 2019, respectively. It is also noteworthy that when we saw trend support at $8,233.00, RSI bottomed at 47.21. If these levels do not hold, our next support would likely expect RSI to bottom around 44.93, such as when we bottomed at $7,861.00 at the end of September. Disclaimer: This is NOT trading advice, NOR financial advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with huge risk, which should be managed with extreme caution. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any financial loss or damages. Thanks for reading!
BITMEX:BTCUSD.PLong
by CryptoRichCrypto
Once again,it was all way too easy!Since breaking the Shiff Pitchfork Channel, all you needed to chart for a perfect trading plan, were the FIB retracements ... The recent past A.K.A I told you so! - As I told everyone before, the perfect place to long was the golden pocket of the 6400 --> 7700 wave which was sitting at the 6800 to 6900 area . - Short entries would have been correct at 7700 some weeks ago, or 7520 a bit later, shorting the top trendline resistance. - After breaking the shiff pitchfork, there were still 2 FIB resistance levels left from the 10500 to 6400 drop, mainly the 0.5 at 8470 and the golden pocket area from 8900 to 9100 , once again FIB retracement turned to be the TA causing every major move so far, a short at these levels at that moment would have been your best move. - For the short term traders a second long entry would have been possible at the 0.5 retrace from the 6400 --> 8460 leg, in the 76xx area. SO what's next??? - As I have been saying for weeks if not months, 8900-9100 was the last hope for our BTC bears, it is therefor an area of HUGE interest. - Minor support levels can be found at 8190 and 7940 as seen on my chart. - If we break those 2 minor support levels, we have to admit that chances are big that the correction bottom is not yet in, 5400 has a big chance as being the 0.786. 4100 however has some importance as well, there is bearly any market acceptance between 5400 and low 4k levels, keep that in mind if you plan to go all in at 5400. I do want to appology that I don't post that many ideas, nor do I update them as much, I keep most of my stuff private and I am considering changing that behavior!
COINBASE:BTCUSDShort
by ItsShowtime
This entire 7 month correction was made to to get rich from!This entire 7 month correction was made to to get rich from! And I told you how to do it from the beginning! Outcome of the Pitchfork Shiff Trendline that defined entire 7 months of correction so far (I drew this in August and published this to you in October): The Pitchfork Idea form October is linked!!! First touch: 9k and price up to 10k second touch: 10100 and price down to 9300 third touch: 11000 and price down to 9050 at this point I drew the slightly increasing lower support trendline fourth touch: around 12300 and price down to 9450! I shorted 12321 myself and told people in the Bitmex Trollbox I aimed for 7250 as 0.618 of entire impulse wave, they called me insane. fifth touch: 11000 and down to 9750 sixth touch: 9750 and up to 10700 seventh touch: 10700 and down to my support trendline at 9300 then it makes 7 touches in a row where you can make almost 10% of each bounce 16th and 17h touch: 7700 and up to 8550 18th touch: 8550 and down to 7750 then it makes 5 touches in a row but only about 5% to be made from them 24th touch: 9400 and down to 6800!!! I took it to 8600 25th touch: 6800 and up to 7900 I took this one as well 26th touch: 7700 and down to 7050 27th touch: 7500 and down to 6900 Told the Bitmex trollbox once again then 6800-6900 (FIB range aka golden pocket) took it and told trollbox then a break of the upper trend line!!! Told trollbox if we close daily above 7400 it will continue to 8500 minimum then 8470 (FIB) took it and told trollbox Upcoming: 7450 would be 0.618 FIB of the second leg up from 6850 to 8450 8900 would be the 0.618 FIB of the downwards move from 10500 to 6400, with the golden pocket reaching till 9100. A daily clos above 9100 would i.m.o. negate any possibility that the correction bottom is not yet in. Ideally though I would say that we get stopped at the 8900 to 9100 area to go for a last leg down reaching 5400 being the 0.786. Now most poeple I talk to in the Bitmex Trollbox believe me instantly, which is not a good sign because DYOR. However, some people still call me mentally ill when showing them how it works, which is too bad for them...
COINBASE:BTCUSD
by ItsShowtime
EOS CRITICAL LEVEL WHATS NEXT?? EOS has been trying to break the down trend since the recent low on November 25th and is currently trading just below significant resistance. There has been a few unsuccessful attempts in the past week to break this level, however, sellers have failed to make new lows; longs have been able to maintain the upward movement (dashed yellow trend line). More importantly, this is all happening within a significant downward channel, with the upper trend line of the channel converging with significant horizontal support at $2.7. It goes without saying that this market is risky right now but this is a great opportunity for EOS to grow. If we see strong upward movement with significant bullish volume above $2.7, I think we could see a major reversal to the upside.
COINBASE:EOSUSDLong
by mdcieri37
Let's Flip a Bitcoin Issue #2Good day, today Ladies and Gentleman, It's your host xR, welcome to Let's Flip a Bitcoin. Let's take a look at what's been popping on Bitcoin. Shall we, jump into it? Last week we provided you all a continuous update through the mountainous peaks and valleys. Bitcoin displayed no mercy towards thousands of over-leveraged investors. In our previous analysis, we uncovered Bitcoin's final signal at seven-thousand four-hundred dollars per Bitcoin before it billowed back above the two hundred day moving average. Hitting a height of ten-thousand five-hundred dollars price per Bitcoin. Viewing the fifteen-minute chart you will observe a confirmed Bullish Kangaroo Tail Signal at seven-thousand three-hundred eighty dollars price per Bitcoin. Although the signal failed on Bitmex, it was confirmed and led by price actions shown on Bitfinex Exchange. China's commitment to adopting Blockchain technologies amplified its effects. These recent events confirm previous suspicions of the expected outbreak. Let us take a close look at the widened perspective to assure we are in the correct alignment to secure a proper market entry for our HODL position. I have outlined the two hundred day moving average in green. We broke clear above its trajectory. Ballistics might have a different opinion about the path of direction Bitcoin is taking though. This isn't the anti-gravitation projection vehicle we were hoping for this year. The slower gradual wavelength of the two hundred day moving average seems to be supporting this formation. I would anticipate we will have a much more subtle climb back to higher price regions. I'm looking for a formal entry with clear signs of market fatigue. The projected course of this wave would indicate that period being sometime early next early. We are entering lower zones within the projected zone of strength from the formation that led to a height of fourteen thousand dollars price per bitcoin. In a bullish scenario, I'd prefer to see price stabilize above the sixty-eight Fibonacci zone. Additionally, we are in alignment with the projected downward trendline. This minor consolidation doesn't display the strength I'd expect from a parabolic movement upwards. I'm still quite bearish. I suggest building a low leverage short into semi-higher price points around ten-thousands five-hundred dollars price per Bitcoin. Thanks for tuning in for this update on our Bitcoin Price Analysis with me, your host, xR.
BITFINEX:BTCUSDShort
by Krewbacca_xR
You remember that Shiff Pitchfork? Yeah that's STILL in play!Same Shiff Pitchfork as posted earlier in my Idea linked below is still dedicating the short term swings correcting last week's 43% pump. Hey guys, let's agree at least that this pump was worth its money, even if we retrace 50% in a few days. I mean come'on guys, I have been trading Bitcoin since 2016 and this is completely out of the ordinary. In fact, at this point we know it was the biggest pump in less than 24h since the 10th of May 2011 (and it didn't even take 12 hours to fully complete the first impulse wave). This is the third biggest pump in Bitcoin history, one we have been waiting on for more than 8 years, that should be celebrated! For the bulls out there that missed the first run, I hope you picked some up at 8.9 when it perfectly hit the 0.5 FIB line, I was too late to do so, and am waiting to get in at the 0.618 lining up for the next big move. Here you can see the opportunities you had to make money during the correction on that move, I hope you didn't miss all of them! PS: Since I am short term short and mid + long term long, I do not have the balls to set the Strategy at short right now. I am also not advising anyone to take the short right now, unless you know what you're doing!
COINBASE:BTCUSD
by ItsShowtime
Bitcoin correction (Wave 2) aftermath and final support!Shown are the technical pivots that had influence over the past months during the Bitcoin correction. The high came very close to the .65 Fibonacci retracement resistance based on the entire bear market from the high 19k to the low 3k levels. In fact, it perfectly hit the .64 Fibonacci level drawn on my chart. .65 is also called/believed to be the golden pocket by many traders, although some prefer .66 for that. Before today, I never used the Shiff pitchfork myself, but I have seen good results in charts from other traders. After using it, I was very impressed by how some technical pivots perfectly alligned with the lines of importance of this pitchfork as well as how the chart beautifully stayed within the pitchfork territory. I drew the .618 and .65 of our recent 1 wave to predict the low that will hopefully hold because of major support. Note that the .382 of our bear market also finds itself within this support structure. If we were to break and close a daily candle below 6700, I expect a major rally downwards towards prices around 4k where we find the first support levels based on previous resistance with high market acceptance. I do not expect bears to go that far, but please keep this possibility in mind when trying to trade the absolut bottom of this correction without decent confirmatioins!
COINBASE:BTCUSDLong
by ItsShowtime
1
LTC UPDATE: 10.10.19: ALTCOIN OVERVIEWHello all and welcome to this detailed update for LTC! Leave a like and comment if you find value in this! Before I do get into this analysis I would like to mention one thing. That is the definition of YEHOK. It is ancient Mayan and means to speak or say. So speak up ! Speak out! Your opinion holds more weight than you think! Share your thoughts! We have one life to live so get to it! In a previous post aimed towards the Alternate coins I believed the bottom to have already been in. Clearly I was mistaken and price has gone even lower. I specifically mentioned LTC would not get to $50 and the market proved me completely incorrect. This space is very humbling and we must always remember that anything can and will happen. Let us start by looking at the larger time frame on the 1M We could have an inverted hammer marked here by the arrow at the end of this downtrend with a doji/spinning top forming as well. If LTC can end the month like this we should see a reversal for November - assuming the reversal does not happen this month. 1 W chart MACD has shown us less negative momentum on the recent low point indicative to a reversal. The RSI is on a crucial support level with price falling in a wedge formation. The movements here are a general idea of where we might end up based on retrace values. Each move will take time and consist of its own rises and falls. The 1D chart shows us a consolidation period at the support line of this falling wedge attempting to rise and test the resistance. This will perhaps be the most important factor moving ahead here. This resistance will need to flip as support if the wedge target is to be met. Now looking at the shorter time frames. On the 4H we were tracking a rising triangle pattern that had a bear trap towards the apex. Price broke to the upside and is now attempting bullish consolidation before reaching the ultimate target just over the 200 EMA. If price can get over and turn it as support, it will be on its way up and out of this macro wedge pattern that has been falling for months now. The 1H chart shows much more detail to the price action and potentially a hidden bullish divergence with the recent drop in price from $60. If price fails to hold the current value, further breakdown will most likely be seen. Please feel free to share your ideas with me! Don't forget to hit the like button! This is only my opinion and should not be taken as trade advice!
COINBASE:LTCUSD
by YEHOK
2
BTC UPDATE: MONDAY 10.7.19: 0.886 RETRACE.Good morning all and happy Monday! Please hit the like button and comment if you find value in these posts! Feel free to message me for a more detailed analysis! On the 1H chart there was a bullish divergence leading to the 0.886 level just under $7,800. In prior updates it was discussed that price could have been in a falling wedge or channel making its way past the 0.618 or even the 0.786 Fibonacci levels, however price has been in a descending broadening wedge instead, and has made it to the absolute bottom price for a reversal. BTC is attempting to break out of this pattern with targets back at the $8,300 level. Currently at the resistance line once again, volume is needed for a break of this. A close above and follow through might push price up even higher than the target mentioned. Ideally we would see a break and a flip of support on top of this descending resistance line for continued movement. RSI has provided a bounce off the 30 level with MACD attempting a momentum shift on the 4H. Let me know what you think! I would love to hear! Thank you all for the support! This is only my opinion! Not financial advice!
COINBASE:BTCUSDLong
by YEHOK
BTC UPDATE: FRIDAY 10.4.19: BACK TO $9,000?Good morning all and happy Friday! Leave a like and comment if you enjoy these updates! Last night BTC fell to $8,000 again. In this analysis I will attempt to make the case for a possible return back to $9,000. Price might find its way down to the 0.786 target mentioned in the previous update at the $7,850 range, however using the 0.618 target we can see a few things happening at this level. If we are to flip the Fibonacci tool and use the recent low as the new 100% anchor, price will need to hold the 0.236 level here above $8,130 and continue moving up out of this descending wedge/channel. If price fails to break out then the white circle represents the last point of support. The rectangles mark the price levels to watch for rejection although price could always push right through it. 15 minute. As price fell the RSI and MACD showed divergent signals and a bounced happened off the $8,000 level. This shift in momentum will likely make its way into larger timeframes and possibly provide a much more substantial move up. 1H chart. Price has been falling in a down-sloping consolidation after hitting $8,538. Both MACD and RSI are showing bullish divergences with the recent low in price at $8,000. It is likely that this momentum shift brings a push up out of this channel before reaching the 0.786 however hitting lower lows cannot be discounted. 4H chart. If we examine the RSI closely we actually see a higher low on the recent low in price. 1D RSI support and possible momentum shift on the MACD. Let me know what you think! Feel free to contact me for any questions or concerns!
COINBASE:BTCUSD
by YEHOK
XRP UPDATE: THURSDAY 10.3.19: CHANNEL BREAKDOWNHello all and good evening! Last night the prospect of a long was shattered by XRP's inability to hold support over the upper descending channel line and has now fallen below the rising white channel. The technical target would be the support at the 0.618 of the recent low and high points marked by the squares. Of course price can always return back into the rising channel if volume comes in. 15 Minute chart. Descending purple channel straight out of the rising white one. 1H chart. Technically a bullish divergence as price is moving lower. 4H chart. Negative momentum might be reseting although we might not see a shift to green. It is ideal that when/if we see lower prices, that the MACD has a lower negative values before shifting to green. 1D chart. Recently rejected from the midline of the broadening structure. 1W chart. Negative momentum seems to be running out at the top of this marked area historically a very important price range. This is where XRP was right before it spiked 1,200% 1M chart. XRP is potentially showing a bullish divergence on the 1M as well as the 1W with the MACD. This is only my opinion! Let me know what you think!
COINBASE:XRPUSD
by YEHOK
BTC WEDNESDAY UPDATE: 10.2.19: STRUGGLING WITH 200 D EMAGood morning all and happy Wednesday! Leave a like and comment if you enjoy these updates! BTC failed to get above $8,600 and started a downward consolidation currently broadening. The RSI is on an uptrend coming from a bullish divergence seen at the recent lows. Price might continue along this path to the end of the structure, however could also break out early. The 0.618 area will be an important level to hold. In the current situation BTC is holding the 0.382 Fib level after coming down from a decent move to the upside. Upper targets of a break above the 100% retrace over $8,550 could reach $8,800-$9,000 and even higher if the conditions are right. 15 minute chart. Last night price fell to the measured move from a small symmetrical triangle. If price continues to follow this cycle down we could go as low as $7,885 before reversing. The RSI should be watched for a trend change, currently being held under by the down sloping resistance line drawn. 1H chart. Further downside to the 0.618 or even 0.786 is possible to play the descending structure to the climax. The RSI is also in a down trend at the moment. MACD could possibly be getting ready to shift back to positive. 4H chart. The MACD is reseting and should be watched for continuation up or a shift to negative. 1D chart. Price is struggling to get over the 200 EMA wit the 13 in the process of crossing below it. 1W chart recent support at the 55 EMA also historically an area of support and resistance as marked here. 1M chart support at 13 EMA with range marked here from mid $7,000s to around $6,000
COINBASE:BTCUSDLong
by YEHOK
4
LTC UPDATE 10.1.19Hello all and good evening! LTC hit $50 as a low recently and has been rounding out in the lower 50 range since. There was a bullish divergence signal on the 4H for both the RSI and MACD. Currently RSI is attempting upper territory with MACD reseting positive momentum. We should always be on the lookout for bearish signals as well. If we see price attempt higher highs with less positive momentum, this would be an indication of a rejection. This would present itself as the MACD showing a lower positive value on the histogram relative to the prior with the RSI underneath the previous high point as well. 15 minute chart, price is printing a descending broadening structure to the curved support line. Breakout target would be above the top of the wedge. 1H chart we can get a sense of the down sloping consolidations leading to the curved support line, then breaking up towards the upper curved line. 4H chart zoomed out. 1D chart RSI bullish divergence with MACD reseting. Possibly making its way back up to the 13 EMA at $59.79 Let me know what you think! Has LTC hit a bottom?
COINBASE:LTCUSDLong
by YEHOK
LINK/USD - Coinbase Daily Chart -- LongI am liking this setup. We broke the red resistance line that I created. not only that, we are getting a convergence of the two MA with the 20 potentially crossing up the 55. Things I like about this setup : Above the 20 MA Broke the red resistance line Forming an uptrend (green line) Above the two Ichimoku indicators (conversion/base) for more support I like to play this a bit conservatively and wait until it comes back down to the 1.77 region. if we can get both 20/55 MA to come together tightly and we are still above the green uptrend, I would place a buy and have a target of $2.00 before its first "correction". According to my chart, that will be a 11% increase, not bad at all. I do have a tight stoploss around 2.5% that you can adjust given your risk tolerance. As much as I would like to extend it to say 3%, my risk management senses are telling me no. I can see this also going further ahead and the price could be in the red cloud by the time the MA's converge. If that's the case, you could place a stoploss below the two MA's. I would prefer the price comes down to my setup but if not, then I would have to take a look at other factors like Volume at time of bounce etc... if we can get above the cloud and hold the uptrend, I would feel comfortable getting in again for the next wave up
COINBASE:LINKUSDLong
by rezon
2
LTC/USD - Coinbase Daily Chart - not longing just yet LTC is a tricky one to predict. Consider that LTC has been leading the way earlier this year and not BTC. Although BTC gets the news, LTC was usually the first to move (pump) with BTC then eth/alts. LTC topped out June 22 '19 with BTC following June 26 '19. While BTC is playing more of a traditional DOW theory thus far (and I use traditional in the loose sense here in the Crypto world) : swinging up uptrend topped out --selling-------------------------------------> stabilizing (Accumulation , Public Participation, Distribution , <-we are here -> Public Participation, Accumulation) 1 2 3 4 5 LTC seems to have taken a quicker ride up and down. That is why its hard to say if we are still in the early stages or latter stage of public selling (#3->4) . I would say short but if we are in the latter stages of selling... wouldn't it be worth it to wait till it we start accumulating again and go long? I have two green lines that represent the uptrend LTC was on. The Black circles represent the head and shoulders pattern that was drawn and confirmed as they broke both uptrends. Not only that, we established a clear downtrend (red line) that has been tested twice and failed. Moving Average 20/50/200 are all above price along with the Ichi Cloud. Only thing I see as support are the support lines I drew around the 51.20 which held up for now. Now normally (and most likely still do) I would say not to touch this because I usually want to see the price above a MA to feel safe however there is a clear channel that is happening (purple line). The falling wedge has at least 3 points where it bounced. Not only that but the RSI is in the undersold region. Perhaps for a scalp it would work but for a long hold I am skeptical. Falling Wedge w/ undersold RSI and stabilizing MACD vs Price under all the Ichimoku indicators and below 20/55/200 MA as well as Bear market sentiment. As you can tell I am not hype about longing LTC. Consider me interested if the following happens : We fall to $39-42 region We break my Solid Red line and retest it (must pass the retest obviously) Until then, just let everyone else fight it out and sit back with CASH in your account.
COINBASE:LTCUSD
by rezon
1
BTC UPDATE TUESDAY 10.1.19100 FOLLOWERS! Thank you all for the support! Leave a like and share if you enjoy these updates! Yesterday BTC broke up from the descending resistance and followed through up until $8,500. Currently BTC is hovering over the 13 and 21 EMAs - in the process of crossing up - and might print one more long lower wick down to around $8,200 before possibly continuing up. RSI has hit a resistance level at 58 and will need to break it if $8,500 is to be retested and broken. $9,000 is the upper range of the brooding structure's target with sell zones along the way marked in purple. 1H chart possibly weakness showing. A failure to break above previous highs on a bounce would indicate downside pressure. This is only my opinion! Let me know what you think!
COINBASE:BTCUSDLong
by YEHOK
XRP UPDATE TUESDAY 10.1.19Good afternoon all! XRP has been consolidating bullishly after breaking out of the weekend triangle. If we reset the charts we can see a rising channel with a potential target area of just under $0.28 if this Bull pendant/flag plays out and pushes up. 15 minute chart. Possible pendant formation with breakout moves mapped out 1H Chart Rising channel for XRP currently forming a possible bullish pendant. 4H chat zoomed in down sloping consolidation over moving averages after a major move up. 1D chart rising channel met with resistance at the 13 and 21 EMAs. Upper targets are at the 0.5 and 0.618 fib levels.
COINBASE:XRPUSDLong
by YEHOK
XRP MONDAY UPDATE 9.30.19: PATTERN BREAKGood morning all! If you have been following us on XRP we were expecting a break from the rising triangle but did not see any decisive volume over the weekend. This morning the decision came at the tip of the falling wedge after revisiting as support. We have just hit the upper limits of this recent move since bottoming at $0.21, however if bullish consolidation occurs here and move up it could reach the 0.618 as mentioned in previous posts or even get to the 100% retrace. 15 minute chart price formed a bull flag at the top of the wedge before shooting up. 1H chart we see price just under the falling wedge after moving sideways out of the rising triangle. 1D chart we had discussed the possibility of this similar triangle pattern playing out once more and has now done so to its fullest extent. Whether XRP continues to move up will depend on the market as a whole. BTC is the governing factor here and should be watched closely.
COINBASE:XRPUSD
by YEHOK