Where's The Top ? XRP/BTC #xrp $XRP #BitcoinHere we see our daily Xrp chart from Binance. Xrp is around 47 cents right now which is already amazing but how high can it go ? $1 seems within reach but as Xrp has already increased since it's recent dump it's hard to say how much more it can go right now . Will it take a breather ? I don't know because massive amounts of Xrp have been pouring into exchanges this weekend due to rumors that a massive pump will happen on Monday morning . I'd personally be extremely cautious of these pump rumors as there is no way to guarantee something with as large a circulating supply as Xrp will pump or not ( it's 45 billion circ supply . ) But then again we are in the year of the Meme coin - as evidenced by Doge coin recent massive pump fueled by Crypto Twitter ! Good to keep in mind that we could be repeating the pattern of the massive run that Xrp had in 2017 in which it went from 100 sats roughly up to over 22000 sats ! So over 220 x - over 200 times up ! That's amazing but are we going to see such huge numbers this time ? Perhaps those gains will be smaller in 2021 but I would definitely say DYOR - Do your own research . And be cautious , as this could dump just as well as pump .
Dyor
BTC, short-term $9020, wick to $8920, possible drop to $8440
As last post suggested we broke down off the top of the now 4day descending channel with double resistance strong arming an already weakening price trend. With the current downward trajectory there will be chance for some support to bounce BTC back up starting @ $9140 in an attempt to re-engage resistance. I wont pretend I didnt see that insane $400+ price swing, perhaps a failed attempt to break upward here by big pockets.
It seems more likely we will break down to bottom of channel over the next 24 hours, bottom being around $9020 with potential wick to $8920. There is an additional horizontal support/resistance line that is starting to form around the same bottom that will likely assist in recovering from bottom of channel.
If it breaks below $8900, there doesn't seem to be anything to stop it from hitting the current ascending trendline around $8440. This trendline runs approximately $1000USD above the very strong bull, 5 year ascending trendline as outlined in some of my other long-term outlook charts.
Though I see likelihood of (short) downtrend here and even the slight possibility of touching the 5 year trendline again as an absolute bottom, overall these downward trends are natural downtrends within a larger bullish formation. We are looking for it to give proof we are in an overall uptrend by beating last Junes high of $14k and of course super bull, 6 figure long-term bullish if we pass our ATH of $20/21k.
This is not investment advice, you should do you own research always. Also I would like to encourage you to consider our site for some of your research. We are partnered with Tradingview to deliver our data (Still in beta) in the same beautiful framework you are used to here. Historical and real-time order books often signal ahead of price action, its kind of a hidden gem.
**Showing Market Depth Ratio(MDR) with a 1% Depth of Market
vcdepth.io
Sabbatical - by Satoshi Rastamoto (with Lyrics) Tribute to Patience (Sabali) by Nas & Damian Marley
-------------------------------------------------------------
Here we are, here we are, yeah
This one right here is for the people
Sabbati, Sabbati, Sabbati, cal years
Sabbati, Sabbati, Sabbati, cal years
No stress amigo
Sabbati, Sabbati, Sabbati, cal years
Sabbati, Sabbati, Sabbati, cal years
No stress amigo
Some of the smartest phonies can keep me safe like Egyptian mummies
let's go to the moon and we can find food for the starving tummies,
Pay mind to the cypherpunks 'cause it looks like the future depends on it,
Many coins in the pool, keep an eye some of them can make you big money
Don't listen to media pillages, on TV they picture us as savages in villages
Pseudo-scientists callin us scheme pyramids
Guru-Evangelists make a living ripping off accounts of little kids
typing big figures on chart images
And this is what the image is
Short bitmex 50x plus
And all of a sudden they think they Tudor Jones
An' a thief out the gold and a thief and the trolls and leave them in bare bones
Some of the worst Fibonacci's I've ever seen and I ever known
The worst chart on display so the world can see
And that's all they will ever show
So the ones that dont know best
Wont' be having a feast
And feel they could lose their home
Dem get tricked by the beast
But a where dem ago flee when the losses are fully grown?
Just HODL me and dem can't defeat ya cause them coulda never clone
Don't trade with ya whole stash, DYOR til you the trading Lord
Sabbati, Sabbati, Sabbati, cal years
Sabbati, Sabbati, Sabbati, cal years
No stress amigo
Sabbati, Sabbati, Sabbati, cal years
Sabbati, Sabbati, Sabbati, cal years
No stress amigo
BTG Long Term Inverse HS coming into play/ Consolidation phaseBTG has been forming a long term Inverted HS over the coarse of the past year, currently found a nice support ~18 dollar mark, but definitely has room to move down into the lower 17 dollar range.
BTG isn't necessarily a smart Long ATM.
I suggest continued TA, as BTG moves sideways between ~17-19 ranges as a considerable drop from Bitcoin (down to ~8.7k) could easily invalidate these charts at this point.
NOT AN EXPERT, DISCLAIMER!!!
I saw this forming and nobody had been discussing it yet, so i thought id bring some light to it.
As Always, DYOR and Good Luck
Civic showing healthy movement "update"CVC showing short term Cycles refer to Red/Green triangles as current cycles
As well as a massive harmonic pattern forming
CVC aiming to retrace last highs of ~13 Cents
Ive Been accumulating at the ~ 5 cent zone for some time now
Long position has been put in for me
Could definitely see Civic moving lower to form Inverse HS before that ever happens though.
Old chart in link attached at the bottom of this chart in the "Related ideas".
Short term long for BTC Back up to retest ~12k resistanceBitcoin forming Inverted HS on the 30 minute charts:
Could possibly see a rebound off the ~9,650 Dollar mark back to retest ~12k Resistance levels.
If Inverted HS plays out i see the the 11,800 being touched before falling back to to the 9.2k range.
If pattern doesn't play out most likely dance around the ~9,200-9,600 range before heading back towards 8.7k and lower.
NOT AN EXPERT, DISCLAIMER!!!
As Always, DYOR and Good Luck.
established trend line seems kina obvious that acb will bounce hard off that long running trend line, trying to exercise patience as this bearish channel plays out.
peace all
BTC Dump AheadMy Trend Precognition indicator is giving early signs of a bearish trend change for COINBASE:BTCUSD ever since it called the bottom perfectly.
See previous idea:
The A2+ algo is giving a 35% probability of a bearish trend change (30% is the minimum to trigger a signal, but needs weekly close for confirmation), the A1 algo is also about to cross bearish, and the RSI is about to hit a notorious resistance.