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Cycleanalysis

This Could Be The Easiest Buy Signal Of 2019Since March of 2017 we have only seen 3 bullish crosses on the MACD for XRP/BTC 1W chart. I have circled those crosses. We are very close to a fourth bullish cross which means it is almost time to buy XRP. As you can see, the distance between the crosses is becoming longer and the returns seen after the crosses are becoming less. BUT, that doesn't mean that we aren't going to see some fireworks. With that said, I feel like the reason we didn't see huge returns last cross was because of the lack of interest in the market at the time. Price is reaching a zone that has strong buy support. People who have discounted XRP in the past are now thinking about whether they should jump in because of a potential pump that is bound to happen. I have outlined my 3 price targets conservative target:5550 sats, moderate target:10040 sats and extreme target: 17031 sats. This price in this support zone is almost too good to pass up and I believe this could be one of the easiest profits of 2019.
Long
by ParCrypto
24
Is the Parabola Broke or Correction to Buy Bitcoin?Its the question everyone should ask and coming weeks will help us answer. This is my current cycle count in a 55 day cycle average, but since this has been so vertical, I'm still a bit uncertain if its accurate. This correction will help us get more clarity. We have a parabolic move, a big drop, a recovery to the 79% OTE, then lose all those gains in a few days. We have massive volatility so we are in a dangerous territory. In my last post I talked about the dangers of a break in the parabola and certainly price action is telling us to be careful. But I'm not certain that its broken. It can just be expanding before the next move up. When markets get like this I get cautious. So I really wasn't doing much of anything since last time we hit $10k other than small day trades. I'm still net short since my last post. With such a big move up and down in the past week or so, it would be rare to see the $9600 previous low hold. Bullish Plan: If we do break lower then I want to see volatility calm down and I'd like to see some sideways chop in the $8500-$9000 area. If we get there this week I'll cover short and look to build a long. But will only be to sell a bounce for now. I'll look for another move down and re-evaluate price action when we near a potential cycle low. Bearish Plan: I don't want to see continued acceleration. Moving down too fast causes a lot of psychological damage and fear. I'm already concerned about the volatility. If we show no signs of support near $9k then I'm just going to hold. I guarantee the volatility has led to a lot of losses. Its a sign of too much leverage. Bears now have control and its a sign that traders control the market not investors. This isn't going to help us get buyers. Red line: I really prefer not to see the red line broken in coming weeks. That would be a bit too much. There's some support down here so a wick wouldn't bother me. daily closes under this point would be a big concern.
BITSTAMP:BTCUSDShort
by rzmb44