XRP October 1, 2021 - Message ReceivedWe posted a few days ago that the next 48-72 hours, XRP would have to either obey the trendline and head higher, or obey the fractal and head lower. After a few days of coiling and delaying its decision, XRP broke to the upside today, briefly nearing $1.06, but settling back down to around $1.00 and trudging slightly higher throughout the day to where it sits now at around $1.03.
We think this is enough to declare that XRP has chosen to trend upward pursuant to the trendline, as opposed to lower pursuant to the fractal. We are NOT out of the woods yet, however - BTC is facing a resistance line that it has failed to clear several times now. I posted a chart about that, I will link it below.
We have a few choices now. We can head back down and scrape along the bottom of the trendline, or we can head up to around $1.15 and face our overhead resistance. Either path will coincide with how bitcoin acts. In fact, the entire crypto market as a whole seems to be facing interesting decisions like we see here in XRP and BTC, and even the altcoin market cap.
The most volatile market in the world is in store for....volatility.
With that said, depending on how things shake out tonight and perhaps tomorrow morning, we intend to update our analysis and point to where - or should I say, "when" - XRP is in its fractal. It excites us to think we could be as far along as "October 6th" according to the fractal. The fractal there suggests $1.30, but depending on how things play out, we think $1.15 might be good enough. We will have to see.
Either way, hope your bags are mostly packed at this point. We believe capitulation is less than 2 months away - and indeed could be sooner even than that. More pain is likely on the horizon. We predict there will be at least one more terrible shakeout immediately prior to capitulation, but that is for a later time and I will sound the alarm as far in advance as possible. Things are always exciting when it is a green day, but remember that it also means paying more today than you did yesterday.
Best,
Buster
Cryptocurrrency
CAKE - looking for longs Here is cake on the 1h timeframe, the reason for us being interested in this coin is that we have a daily uptrend which we have identified, it also looks like now we are about to see exhaustion to that trend and also a 4h level of buy pressure that will send price to the upside. For this trade to be valid we need to see full and complete exhaustion to this level and the uptrend then wait for entry confirmation which will be a significant pin bar on the 1h or a bullish engulfing candle signalling buyers are coming back in.
BTCUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
BITCOIN (BTCUSD) – Week 25 – Nothing clearParaguay’s Deputy of the Nation, Carlos Antonio Rejala Helman, has confirmed that new legislation in regards to Bitcoin will arrive in July. This comes amid growing adoption in Latin America led by El Salvador, which could be followed by Panama as well.
With Bitcoin (BTC) mining concentrations increasing in North America, Miami Mayor Francis Suarez wants to make his city a crypto mining hotspot. Mayor Suarez told CNBC on Thursday that he has invited global mining firms to explore setting up data centers in the area. According to Suarez, Miami's abundant nuclear electricity supply could entice Bitcoin miners wanting to switch to clean energy sources for their operations, particularly given the current focus on crypto mining's alleged carbon impact.
In other news, according to a recent press release, BBVA, Spain's second biggest bank, is now offering its first cryptocurrency trading and custody service to all of its private customers in Switzerland. The bank will start with Bitcoin trading and custodial services, possibly expanding the list of digital assets in the future.
Technically, Bitcoin is still moving in the range created by the resistance and support areas. In the short term any move up or down is 50%-50% in our opinion. Once the price reaches a certain area of S/R then we must study the structure and decide if it’s going to break the range or continue to trade in it.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Cardano consolidated for long enough to explode higher!Not much to say here. The listing on Coinbase is a big plus, for a coin many people talk about and is ready to move higher. All support levels have been retested, we had a big drop that took everyone out and now it is getting ready to move much higher. The setup is just beautiful.
BITCOIN Bounce Off Support.Here's a quick look on Bitcoin daily chart. A couple things to note here:
1, BTC finds support at 100ema and Fibonacci (secret) level.
2, Rejection wick on the daily candle and RSI near oversold level.
Who knows, this rally could retest the high and possibly make a new high, or a lower high and perhaps a continuation lower.
P.S. Yes, this is my other exclusive chart template. ;)
Happy Trading folks!
Cheers! :)
ZEC/BTC Main trend Channel The price is at the channel resistancThe main trend. Downlink. The price is at the zone of its resistance. Below the downtrend, a triangle-like formation with a base of 123% has formed. The price has overcome the secondary downtrend quite a long time ago, during the formation of this "triangle".
A breakout and price fixation above the downtrend will reverse the trend.
It is also worth noting that this is an "anonymous coin" that will be used in a future FUD news game to guide prices from BTC. I think everyone understands that there is no anonymity, everything anonymous is created only in order to find out that you have anonymous.
Big News: Cardano Holders are ready in this bull rally!!!Guys, the time it's now for Cardano. For me, as Cardano was beated by XRP. As XRP it's another giant cryptocurrency. I don't have any doubt that Cardano it's a giant cryptocurrency, and also, for me, Cardano it's the best cryptocurrency. For that, I want to bring you what comming on in Cardano. Right now, Cardano price it's around of $1.30 USD. And we see in Daily timeframe that Cardano form a big simetric triangle, that it's an accumulation cycle that Cardano need to take off before to continue exploding more. For now, I believe that Cardano it's very soon to explode toward my next target at $2 USD. At the moment, I do not going to trade as I have another trade, but I can to make my proyection, but yes, my analysis are excellent.
Cardano it's extremely prepare to explode in this bull rally in cryptocurrencies. And the historical maximum price was around on $1.52 USD from 2017. Right now, Cardano it's up in the historical maximum price. For that, Cardano holder need to know this informaton. Cardano it's extremely prepare to explode in the rest of 2021. For that, don't sell your Cardano coins. This cryptocurrency it's the first in my list that I always reccomend for amateurs. If you buy at least 1,000 Cardan coins, just hold and don't sell, your profits will be brilliants.
Now, for your convencience, I bring you this screenshoot. Cardano need to arrive up one of these targets for 2021. For that, Cardano it's extremely bullish and big fundamentals it's incomming soon for this cryptocurrency. Also, I add my target #5 in $200 USD. But well guys, the probability that Cardano make their adoption it's so biggest. For that, this it's the best cryptocurrency. when I knew this cryptocurrency on 2020.
Chainlink $LINKUSDT Target PTs 35-100 long term Chainlink Price Forecast: LINK primed for a 30% advance
Chainlink price struggling with short-term resistance at $32.00.
Whale transaction count registered a spike on April 2.
Topside trendline comes into play around $42.40.
Chainlink price trended sideways for more than a month and on below-average volume every day, but one. The price action in mid-February, early March, and now point to $32.00 being a psychologically important level. If the level is overcome, the altcoin should rally more than 30% in the coming days.
Chainlink price bottoming out versus Bitcoin
Data from ByBt.com shows that Grayscale bought 115,570 tokens for the Grayscale Trust from March 17 until April 1, which included a large 65,570 purchase last Thursday. Heavy buying like that gets the attention of market participants and may have been behind the 8% on April 2.
Santiment data showed that the number of mid and large holders owning 100-100k LINK tokens notably accumulated during March. Additionally, the so-called whales holding 100,000 to 1,000,000 LINK tokens increased 6% from April 1 - April 3.
The March high was $32.00, and that is the level that LINK has been struggling with over the last few days. A trade above $33.15 will confirm the April 2 breakout and set the stage for a quick advance to the February high at $36.92. The next target is the 2.618 Fibonacci extension of the August 2020-September correction at $40.53.
A 33% gain would accompany a rally to the topside trendline at $42.51, which was resistance at the February high and resulted in a rapid 40% decline. For now, LINK should not be reviewed as a trend trade but a short-term opportunity.
The first level of support is at the intersection of the rising trendline and the 50-day simple moving average (SMA) at $24.83, followed by the February 23 low at $21.00. The last gasp support level is the August 2020 high at $20.00.
ZECUSD Entry Price 162.17ZECUSD. Entry Candle. Date 2021 April 01. Time 21:00.
Closing Price 162.17
Exponential Moving Average (10) 160.51
Exponential Moving Average (20) 158.63
Low 158.76
Note: You want the closing price to be in the zone area of the two exponential moving average. Or you want the closing price to be above both exponential moving averages. In this trade set up, closing price is above both exponential moving averages. Closing price of the retest candlestick is near the price value of the exponential moving average period 10.
Bitcoin : The Rocket Is Ready to be Launched Again 🚀🚀🚀💡 Trade Idea
📈 Buy Order BTC/USDT @ 50810.03
🎯 Target Profit 53808.27
🛑 Stop Loss 49314.50
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price yesterday tumbled with a huge selloff toward the daily key level @ 48124.65. The price posted a fake breakout with a form of double bottom. Currently, the price is bouncing on the neckline of the double bottom which might lead to a move upward to the 53808.27 level.
-------------------------------------------------------------------------------------
Please press “Like” if you appreciate the trading idea 👍
“Follow” for more trading ideas in the future 👀
“Comment” below to share your thoughts with us and other traders 👥
-------------------------------------------------------------------------------------
Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Litecoin, Next Formation Completes In Schedule, Continuations!Hello Traders Investors And Community,
Welcome to this update-analysis about Litecoin, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect the upcoming times. As mentioned in previous analysis Litecoin has built this major ascending-channel which was likely to complete as a bear-flag which then also finally happened and Litecoin moved on to form the second bearish formation within the schedule, the ascending-triangle which also recently completed bearishly, all this giving Litecoin the bearish edge here and therefore I detected all the important levels and likely outcomes we should consider with Litecoins established structure and the upcoming destinies.
As when looking at my chart we can watch there how Litecoin now fully completed this ascending-wedge-formation bearishly to the downside with these strong moves to the point in which it is trading now. Currently, we can expect the bearish pace to move on and continue as there is so much evidence given, the big question then will come how Litecoin further continues when it moves into the lower support and possibly bounces from there, in any case, the bearish perspective should not be underestimated here and especially when Litecoin increases with further bearish pace after moving into the targets and do not manages to stabilize from there this can indicate further bearish pressure continuation. For now, it will be important to elevate how XRPUSD reacts to these supports and how it will move on further from there, it will be an interesting development.
In this manner, thank you for watching the analysis, have a good day, great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
ETH/USD -- new ATH rally poised for a consolidation down to 660$Aside from trend indicators currently in over-bought side, accumulation/distribution ratio on ETH has been skyrocketing within the last trading days of 2020, and will continue to do so throughout 2021.
Nevertheless, a small consolidation to expected for January 2021 -- down to 650-660$ at first target -- before another leg up above 770-780$ later in Q1-2021.
SHORT ETH/USDT from 730$ on a small timeframe to play consolidation levels for first days of 2021
$3000 move to the downside ($25,999) possible s/r flipMy last post was a weekly chart which won't play out for at least a week or two, probably close to a month maybe longer, but the 30 minute chart shows some juicy data/information. 👍
I've founded this ascending channel we've been steadily climbing since December 16th. Please note we've reached 3 validation points on the downtrend trend line (this is a bearish sign of sell pressure in future price action) It takes 3 touches to confirm a trend direction and we only have 2 on the downside. So, if i was placing a bet here i'd say the probability of the next move is more so leaning towards the downside.
$30,000 is a massive psychological resistance level and im expecting -30-70% pullbacks in Q1 2021.
Get ready for another super volatile year trading or investing into bitcoin and the crypto community.
Mass adoption is coming in the next few years.
XRPUSD, In The Channel, Here Is How A Breakout Can Establish!Hi my friends,
Welcome to this analysis about XRPUSD, we are looking on the 1-hour timeframe perspective, the recent events, the current formational structure, and what to expect in the upcoming times. As suggested in the previous analysis XRPUSD was likely to continue bearishly to the downside after completing the triangle-formation on the local perspective, this now happened and XRPUSD also protracted with bearishness till the structure it is forming now in which I discovered worthwhile signs that are likely to be the determining source within the next times when XRPUSD manages to show up with the right confirmations in the structure, therefore I detected all the important levels and likely outcomes we should consider with XRPUSD.
Structural Developments:
As when looking at my chart we can watch there how XRPUSD has now built this huge decisive descending-channel-formation marked in my chart in blue with a coherent wave-count established within the formation and already completing waves A to C in the structure to the point where XRPUSD is now testing the 1400-EMA in green that is likely to be the source of the next wave D to the upside running into the resistance-cluster marked in my chart in red, this cluster will highly possible be the origin of the wave E to the downside which will finalize the whole wave-count and move into the lower supports where stabilization can be considered within the back-up-cluster and especially as the wave-count is completing then this can lead to a bounce further.
Upcoming Perspectives:
Next times will show how XRPUSD will develop under the suggested and given circumstances, when completing the wave-count and moving into the lower back-up-cluster it is necessary that XRPUSD manages to show up with strong bullishness to the upside from there as such a price-action will lead to a breakout above the upper boundary of the channel and activate upside targets in which XRPUSD will test remaining resistances further ahead. In this case, it is of high importance that XRPUSD does not increase with bearish pressure further to move below the lower boundary and invalidate the bullish breakout, this possibility however is at the moment quite marginal and the former more likely breakout case should be preferably expected.
In this manner, thank you for watching the analysis, have a great day and weekend, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
Updates: Bitcoin formed a simetric triangle flag!!! Good signalWe're in Bitcoin from Friday and Bitcoin is prepare to a up movement!!! So, investor are buying in this simetric triangle of re-accumulation!!!
As we are in consolidation and re-accumulation in this zone, Bitcoin is prepared to a bullish movement!!! So, I believe that it's arukk a good signal to continue buy more Bitcoin. But, as I have 0.06 lots inverted between these 2 trade, I just trade with 0.06 lots that i still open up these posiiton one from Friday and one from yesterday.
And also, guys, we're forming a elliot wave analysis using this model that I am to prepared for you to understand in the cycle of trend. Remember that my own target is $12,000 USD.
We're in profit in our first trade of Friday protecting our long position and then, our second position is in profit, so at the moment, the break even it's keep in this zone until we see any updated for tomorrow or the next days!!!
Good luck on this position!!!