Altcoin season is probably here folksJust look at the chart. Do I need to say more?
It is de chart for the Bitcoin dominance. It broke out to the downside (meaning bitcoin dominance in % is declining) en tested the trendline. It's most likely going to stay under this trendline, meaning altcoins are going to gain marketshare.
Xrp-btc
XRPBTC Well i like this chart that is full of pessimism chart,because is full of opportunities. We are in a accumulation zone since almost one year and also in a perfect triangle which usually in crypto is gonna break to the upside so yes in the following month (20-25) I expect to see fireworks here.
A month is the time and it is not very much comparing with the length of this bear market. It's time to shine
-CryptonikLion
SPXUSD the BTC, ETH, XRP catalyst for bearish bias.IMO bearish continuation pattern.
My prediction... We will see be some bad Corona news from the USA Tuesday ish and will tank most markets including commodities, don't forget the FED has unlimited liquidity so few o safe havens they can short anything to zero.
My target for SPX500 is just below the green area.
Cryptos day will come when the next round of QE is announced.
TRADE OF THE DECADE - HERE WE GOMarket making itself clear, so far today we saw a rejection of the 275 fib level 61.8%.
BUY PUTS AND LONG SPXU
Puts can be tough when trying to select an expiration.
SPXU, lower R/R but safer in case market swings up to $300 (next resistance).
Profit target- spy 200/220 next month or so
XRP Massive MomentumThis is to accompany my previous post where I analyzed the market phases and how we are about to explode in price. We are at the bottom of this massive long term channel on the weekly.
We show MASSIVE bullish momentum on the MACD with serious bullish divergence (purple lines), this happened 3 years ago before the 2017 explosion as well. I have those highlighted here too but youll have to zoom in on the candles to see the similarities. #HODL
XRP WILL SHINE SOONXRP WILL SHINE. Over 3 months of accumulation between the monthly and weekly levels. After accumulation we pump, thats how the market works. Im buying the monthly support black and buying a bit under to catch wicks. Xrp/Btc has been floating in this range between the 2 monthly levels for 8 months. I doubt we lose it. The monthly close was decent as well as the quarterly close. If anything deserves a pump its xrp.
XRP - Next Leg Imminent = $$$ This is a straight up analysis of XRP. Observing a larger view, we can see that things are in fact turning around. By "Turning around", I mean completing the bottom. I honestly think that we will not go lower unless we see something drastic happen that effects the entire world but per my analysis we are legging up.
The fib retrace through out this dip tells me so as well as some levels of buying and selling that I have observed. View the highlighted area to support the bottom and last leg up we've stepped and established support at before deciding where the price should head.
With everything going around now and gold and silver being hard to come by may lead people to digital currencies for a store of value. An asset in THEIR possession.
It is a tough idea to grasp but so is the entire world being in a pandemic causing the entire global financial infrastructure to come to a complete halt.
The crypto sector will definitely be seeing an uptick especially how people have seen it act over the last month or so in comparison to the stock market.
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Also, I encourage you to criticize anything about my view.
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XRPUSD intraday bias to longXRPUSD is breaking 2H trendline and we can see some bounce from the bottom as we
retested 0.5 Fib zone retracement and now breaking trendline.
If it stays above the trendline, it must break the highligted zone aswell... adding longs right after retest
of this zone.
Good luck.
XRP/USD NEW LONG OPPORTUNITY? DAILY ENGLISHI wonder where oh where BTC will go? 8.3? 8.6? 1m?
Well, right now, we saw a greater drop than I had previously anticipated, but the momentum is dying down it seems as we approach our historic 0.22 zone.
Watch bitcoin heavily to spot a new long opportunity in XRP, if you're a believer.
MoneyGram and Ripple are talking...have been for some time I believe (FACT CHECK NEEDED).