BTC in correction modegood morning #coinvestorarmy, what too say in these crazy days of #wallstreetbets
BTC correction is not done yet, think we will see a price below 30k $ is week and that should end the correction....hopefully ;-)
CRPTOCURRENCY
BTC TO BOTTOM @ $26K AREA (BIG POP AFTER THAT)I predicted this in early january. DO NOT PANIC!! It was simply time for a nice washout and we are almost done with it. Remember BTC went up 11x (1100% ROI) since Covid in March. So yes, it was time for a nice pullback. This was not only due but EXTREMELY NECESSARY if we're to then go on and make new higher highs.
If this level is respected I expect a very SWIFT BOUNCE THERE & $50,000 COULD BE HERE WELL WITHIN A MONTH OF THAT $26K BOUNCE!
XRP LONG SETUPXRP has a beautiful M formation from a weekly perspective, we are also at extremely strong weekly demand at this zone we saw price push up over 300%, we also have a inverted head and shoulders forming on the daily timeframe, but what we need to see first is a daily close back above resistance then we can drop down timeframes and look for valid entry for the completion of the weekly M formation.
XRPUSD BEARISH CONTINUATION... AGRESSIVE BEARS ON HER NECK with the current fundamental surrounding xrp market we may see the asset keep marking more sells, we presently have broken have broken the daily and 4hrs structure i see more bearish move....
GTR Another good gainGTR Looking good on the graph.
Can get some good gains
Uptrend
stop lost 35
Bull target 48cent.
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0.618 Fibonacci Level (bearish retest of uptrend) BTCIt appears sellers may want a retest of $31,999 ish and that will be the deciding zone for either continuation to the downside or more up. If we bounce here I'm expecting a retest of the downtrend trend line where buyers will either break out or get rejected to form a downtrend.
Patience my friends, never rush the process of trading.
Short Term XRP is Moving Lower Short Term XRP is moving lower setting itself up for a major potential long opportunity. With the formation of an ending diagonal in progress; with completion of the 5th wave looking to be in the $0.15 to 0.11 region. Watch this area for a major price move if the lower support level holds.
PARABOLIC BITCOIN MOVEMENT! 30K NEXT???A PARABOLIC MOVE CONSISTS OF 4 BASES.
Refer to the link attach here: pixiutrades.files.wordpress.com
From the chart above we can clearly see all 4 bases and we are likely in the fourth base now that could probably send us to $28,000 to $30,000 range in days ahead.
But be careful, usually after base 4 is done, a massive pullback will likely happen. In this case, it could send Bitcoin back to base 3 at around $20,000!
Wish you all good luck! God bless! Remember to follow me for more updates ahead!
Merry Christmas everyone!
Road to $30KThat's all folks for this year. Bitcoin had an amazing year. If you have been following my last two bitcoin price movements they have been pretty accurate. Now we are in a new territory where it very hard to predict on the basis of support and resistance because they are so few. BTC is not forming any clear pattern as of now so I think it will go sideways until the next year. Where we will be able to see bitcoin above and beyond 30k.
Cheers
Happy New Year
Close up of the BTC (crypto) crashPulling a hook and go off of the bottom of the rising wedge. RIP xrp.
BTC-2h.We are waiting for the breakthrough of critical points!On December 21, sellers had a chance to make a correction. Very quickly, the price of BTC tested the critical range of $22,500-22700 .
In the period from 17 to 19 December, buyers fixed the price above this range. Only after a firm consolidation did the price renew its historical high.
Given the importance of this range, we are considering 2 BTC Scenarios.
The first scenario shows that the market continues to consolidate widely in the range of $22,500-24,000. Buyers are gaining strength and preparing to storm $ 27,400. However, to consider the BTC in the long we will find only after fixing above $ 24,000.
The second scenario shows that buyers have lost the trend line and now sellers are preparing for a correction. However, a confident short can only count below $22,500. The first local target is $ 20,700.
So while the price is between the critical points you can view our Global BTC Ideas:
$BLT BLOOM give me my roses while I'm still alive Bloom has broken out still very early to get on this one before we have a locked in bull confirmation The EMA'S are still in a bearish settlement but from the raw candles you can see there is no resistance. No one talks about this one but I see some legit connections and relationships here
ATOMUSDTPrice breakout its downtrend and touch the pick of that,then strat to retrace for pullback and continue to move in the new uptrend.
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