XRP Monthly approaching 0.17-0.20$Hi everybody. Here's simple and super clear chart of XRP price action.
Break of 0.26$ would open a way for 0.165-0.20 range. Keep in mind that reaching 0.18$ would repeat historical % drop from the top.
Also interesting point: Etherium and Bitcoin did retrace by historical percentages already and IMO not going lower than 2018 bottoms, while XRP is lagging behind and opens up a PERFECT OPPORTUNITY to invest if somebody believes in XRP and whole RIPPLE project. Also XRP/BTC is bottoming out very soon too.
I also checked possible time for XRP to reach 0.17$, that would bring us to the beginning of November, then we should start seeing a shift in trend.
0.165 should be DEAD BOTTOM with spikes lower on MONTHLY.
***This is the update and slight correction of previous idea on XRP, check out the link.
**This is not financial advise!
Have a great weekend my friends.
BITSTAMP:XRPUSD
Cycles
BITCOIN TO 100K?THE FUTURE OF CRYPTOS|PREMIUM[Long-Term]ANALYSISBTC|USD : Series Cryptocurrencies [ Part 1 ]- Aug 21st 2019(8-9 minute read)
EDIT : The Fibonacci spirals always get distorted when posting. Check the last update for the correct Fibonacci Spirals setup.
Truth being said, despite that I initially started with trading solely in bitcoin, I have not been actively analysing/trading bitcoin for the past couple of months. But, it's time for some really deep, thorough and accurate long-term analysis . Why now? The fact is that an increasing number of corporate portfolios are starting to including cryptos in their composition. Mostly done because of diversification benefits . Before I get into the monster of a chart above, I will start by analysing the Weekly Bitcoin chart .
The wave 1 buildup was really illogical to me and apparently to many other traders based on EW. The expectations were that it would top at around 10k, but once it broke 10k, it snowballed all the way up to 14k . However, right now things aren't looking so bullish. In the very short-term it seems that it is starting to build up for a Wave 2 . As it can be seen from the chart, the strong support currently is the 21 weekly EMA(light blue line) . This trendline is also one of the best indicators for momentum . 2 Consecutive closes below the EMA would imply a momentum shift , followed by perhaps a formation of Wave 2. Sometimes a correction, can be quite healthy for the long term buildup. The EW labelling in the chart, for now it is quite far fetched. Now, before I get into the monthly chart, have to say that the Weekly pitchfork is much more realistic .
The best way to analyse macro time frames is by contrasting some of the most significant fundamental factors . Both the bullish and the bearish scenarios are labelled. As it is labelled on the chart, one of the reasons for the current spike can be said to be the May 2020 Bitcoin Block Reward Halving . Contrary to the typical FIAT concept - Bitcoin is based on a deflationary/scarcity concept . This is the primary bullish factor in favour of bitcoin.
ibb.co
There are 2 Fibonacci Spirals . The Purple one is smaller for obvious reasons. It is much easy to climb from 1.2k to 20k than it is from to climb from 20k to 100k+. Hence, the Purple Spiral is based on the Fib Golden ratio(0.618) used in the calculation. What also fueled run of the Green spiral is the good economy enabled by the US recent Tax Reform. This may not be the case in the buildup for the Purple Spiral(See link #2-The Vix). In addition to the Spirals, the essence of the chart is the long term Macro Pitchfork. If the Pitchfork is carefully analysed, it fits practically every single candle/pattern within its bands. Even the current buildup to Wave 1(14k) on the weekly, stopped at the Median(Red line). I haven't seen a similar Pitchfork on tview yet. I could also say the same thing about the Spirals. The orange cycle lines on the bottom are just a cherry on top of the wholeness of the chart.
To conclude this analysis , Am I Bullish on Bitcoin ? - Not yet . From the chart, one can say that everyone should be invested in Bitcoin since the targets for the next 2-3 years are in the range of 100k-150k. What am I looking for? A cross over the current closing monthly resistance of around 14k or 2 candles above the grey line. The Monthly Ichimoku cloud hasn't turned bullish yet which is another worthy factor of mentioning. Currently I'd say that bitcoin is in a neutral market . What I am really fearful about, is a regulatory action from the governments. When they stepped in and intervened with quasi Facebook's Libra idea , I interpreted this as a warning. Next time Bitcoin breaks above 20k, it will attract quite a lot of attention . The regulatory status-quo is the best environment for Bitcoin to be in. This will hurt bitcoin, but it will absolutely annihilate the altcoin market (my old NEO Chart, See link#1) . Even if such action occurs, I am quite optimistic that there are other coins that fit in the niche of Monero , which will continue to prosper.
(Share your charts and give me some feedback people, don't be shy! If you disagree, that's even better; it'll just make up for a great discussion in the comments)
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-----> I will attempt on doing more long term TA's on altcoins when I have time. Send me a chart of your altcoin with a short news update.
1. NEOBTC |NEOUSDT : The Altcoin Bearish Markets' story since the start of 2018
2. PART 1-VIX: Volatility Index
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Watch out for another drop :) PMA is going to drop down again.
As we can see in each sycle MACD reversal means drop of PMA.
MACD looks like it wants to reverse.
Also BTC looks like it can go up again, so all altcoins will go down.
All in all - I'm waiting to pack bags at 1 satoshi :) Let's get rich :)
BTC - Bitcoing Moving Average ComparisonAll explained in the ctart -25MA and the 99MA on the weekly - Looking at how the 'peak' of the MA coincides with the previous ATH.
The 25 and 99 are already about to cross 13 weeks before the 'peak' is due - leaving the possibility that they cross and cross back a couple of times before the 25 finally moves up when the 99 drops away.
USD CAD SELL VENTAIM WAITING FOR THIS ELLIOT AND CYCLES CONFLUENCES, IM WAITING FOR A ENTRANCE TO SELL IN 1.34300 - 1.33000
ESTOY ESPERANDO LA CONFLUENCIA DE ESTE ELLIOT CON CICLO ALCISTA, ESPERANDO A VER SI EL CICLO ALCISTA ACABA Y DA A LA CORRECCION A B C BAJISTA DE ELLIOT, CON UN PATRON DE VELAS SERIA UNA BUENA ENTRADA A VENTA HASTA EL 1.31400 POR LO MENOS. SIEMPRE USEN GESTION DE RIESGO.
CMT BTC Macro AnalysisCMT BTC has an long and wild history and has brought in alot of trading volume recently, sparking at all time lows. The bearish momentum appears to be low due to there being no more descending fibonacci fan trendlines coming down from the all time high. The sine lines and horizonal fibonacci show the periods in time where i expect to see price movement. There is a W shaped reversal pattern on the local timeframe, which may lead me to believe that this alt coin has bottomed out; however i wont be making any trades on this pair until we see some confirmed upwards movement. I will use moving averages analyse the momentum in the short term.
Not an expert, not advice.
Biffy
Euro / U.S. Dollar 2019 AnalysisHi again,
First time doing Fiat Analysis, but why not? :P it;s the same for all charts so, i believe it's a good time to start moving around to some interesting Charts.
So, again, this is only presentation. Ill be working with this one in larger time frames because it's a lot different from cryptos and it does not have the same volatility. It moves all different, and that, i like it as a challenge ;)
We are moving on a downtrend channel as you all know. I Expect the price to keep falling from now till 21 to between 1.05 and 0.97.
i'll get into deep every time i can so. Let's just start with this part by now since there's a lot of information going on already in a Month Chart, but ill be moving around in different time frames.
We got the Channel, Fibonacci and Chuvashov in Place. And as usual, there's a Fractal going on that ill try to explain later on.
So, hope you find as usual interesting and helpful to a better understanding on how markets works with fiats.
Stay tune! ;P
Cheers!
Charter X
XRPUSD 2019 AnalysisHi again,
Another #Crypto analysis, and not an easy one to follow actually. Maybe it seems so and i had my good profits with this one but to be honest, now i have my doubts at this very moment. Last year i decipher the fractal that was being used, or at least it was going in cycles every time.
The last uptrend changed all the rules some how because the fractal it is completely different. It is kind of inverted and that made me think (a couple of hours actually) on the theory that it may fall. Do not take me wrong, because there's a lot of signs that indicate that price could go up like hell, but i've learned in my short life as a Charter, that before the high, the low it's present almost every time.
With XRP, it's starting to happen what it did with #btc. The lows where almost at the same price. It could not rise again until the crash of last year. Besides, as a trader as in life, i have learned that its wise to be prepare for the worst and at the same time to have the doubt of thinking on almost everything. And when you are not completely secure on something, it is better to act cautiously.
At the same time, there are good signs as #XRPBTC pair which is at the deep and possible end of cycle. So, if #btc is going down, lot of people will migrate to altoins to start the cycle time for this coins. So, i suppose we should be alert on that.
Whatever it is about to happen, is important, but something is about to happen.
So, this is just the presentation of the study by now. After publishing this ill upload the detailed study for a better understanding.
Hope you enjoy it and you find it helpful and as usual and as a reminder, everything ill post are just personal ideas and not investments advise! Use as your own risk.
Cheers!
Charter X
Bitcoin Grand Cycles - Sinosoid + HalvingThe graph depicts the halving of Bitcoin along with sinusoid. The Big Picture is the most important for long-term investors.
As per graph, after each halving the Bull Run starts. The top and downs of sinusoid are generally a benchmark where the bull and bear market respectively begins. Although the downs are not exactly the lowest points, the high points of sinusoid clearly the top of the cycle.
Thus, the next highest price point of Bitcoin will be in December 2021.
The bull run begins after each halving.
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.
Nasdaq Rally Over ... Short TermNasdaq100
NQ1!
I'm focusing on the larger down move that can occur at this point:
An area (red) that I will look to trade short in, between 8015 and 7980 with 2 targets in mind
7930 and 7815 (green)
However, if there happens to be a move down at this week's open, I have a level it bounces from at 7910 (yellow). Targeting the SELL area above it.
Despite these forecasts, while I'm trading I'm still ALWAYS open to sentiment changes and will reverse on a dime -- sometimes I may even take profits sooner, then let opportunity present itself again before entering back into the same directional move.
Less and less, I'm trying to NOT to predict the ultimate direction and more so the best probable move for capturing profits in the shortest time period. Although these larger cycles will present themselves, it only serves as a 'bigger picture' guideline.
Twitter (TWTR) 2019 AnalysisHey there again,
So time for some #Twitter #stocks charts analysis based as usual on #fractal #cycles. This has been done on a week/month time frame chart to analyze the whole panorama, and went deep until 1hour chart.
So as usual, this are just first images with some indicators stills. Pay attention on time frame on every image cause ill be posting some variations. As every analysis i post, this are just my ideas and not investments advice, so use it at your own risk.
Hope you find it interesting!
Happy trading! :)
Cheers!
Charter X