Senate passes 1.9T Stimulus package... now it's time for the House to say yes. Next level for the DXY is 88.00
If Bitcoin doesn't break ($50k) during this Bull-run price is likely to crash back down to $9k-$12K region, which is a fresh Quarterly, Monthly Institutional Demand Zone.
Just a follow up from my previous BTC analysis. If price breaks through $11,500 - $12,000 easily then i expect price to reach $17/$18k next...
Just for future reference... next bull run for XRP, $2.50
Once price forms a clear break & retest of the EMAs and trendline on the Weekly chart i expect the next Bull run to start. Targets will be around the 22K level. However if price breaks-down from here, i'd be looking at 3,500 to be the next downside target.
Forget to upload the "after" post from the SPX500 call i made 6 May. As you can see price melted to 2730. Going to be letting the stock market play out for the next few months before i make anymore calls.
As we are approaching that 3,000 level we must think about what happened here before. Price has just formed corrective price action towards this level in an Ascending pattern. I am expecting price to reverse from this area, although I would not be surprised if we slightly break it, catching people out thinking price is heading higher then it will slam down. If...
Check last post where I called XRP to reverse from $.28 level.
XRP is now in an important area. I do believe we will get some sort of reversal from these areas. The most interesting point is the trend line which has been respected for a long time and it lies around the $0.28 level.
We are now at a point where we need to see some more development in price action. I'll give the SPX500 a few more months before I make my next call.
Let's see what the end of the year brings.I don't think we will see much this year but next JAN-FEB-MAR will be interesting.
Downside levels are drawn in. My floor is $3,000 (I don't see it dropping beneath that level)
These next two months could be surprising.
So today we got a perfect spike off the '2,600' level which was my first downside target I had marked before this crash. I'm expecting to see some sort of recovery around this level.