In this chart we have a potential IH&S forming on the 2 HR charts as well in lower time frames below. Soon we will see if this idea is valid or not, with the development of the right shoulder. Later I will go into the higher time frames of XRPUSDT to try and find more reversal signals. Which would help extend bullishness into XRPBTC pair. MACD looks bullish...
This chart may look a bit different then my other XRPUSDT charts because it from Poloniex. I chose this one because it has a longer chart history and to see if we could find another POV that coincides with my other XRPUSDT charts. Well it certainty seems the breakout is close for XRP. Yes I'm still bullish! In this 1 month chart you can see the bearish cypher...
Other Bearish Factors for BTC compared to ALTS: MACD also has a fresh bearish cross! -DI is curling upward indicating selling pressure increasing +DI heading downward Then there is all the fresh breakouts for alts lately! I do believe we are on the cusp of an ALT-COIN EXPLOSION!
DROP me a like PLEASE! This is an update I believe worthy of a extra publication. I do believe that we will see BTC price break down as the chart shows, but truly only time knows?!? In this update we have that same head and shoulder, and rising wedge break down as first published on June 30th 2020. In the chart it shows the head and shoulders pattern has...
An update to an Existing Idea. Wedge Breakdown, forming right shoulder as we speak. Love it when a trade goes according to plan!
What have we found here?! In the 3 D chart we have a much larger falling wedge. As of writing the price line seems to be making the touch on the 3rd wave down. We are about to complete the 3rd of 5 possible waves. As indicated by the yellow price line breaking out of the wedge on the 4th wave. Or there is a chance a bear trap will be set and price...
As you can see the monthly close for June formed a bearish harami candle. Which has undeniably been a reliable down trend signal in the monthly chart for BTC. Will the Inverse head and shoulder pattern provide the breakout for the bulls??? Only time will tell...
This is the 30 min chart bearish signals continuing for BTC . MACD ready to tank! Keep an eye out for this formation on the higher time frames! Here is a head and shoulders which is a reversal pattern from a up trend. Further TA supporting the collapse of bitcoins price, which coincides with the bearish point of view with other charts that I've released for...
This is the 30 min chart bearish signals continuing for BTC. MACD ready to tank! Keep an eye out for this formation on the higher time frames! Here is a head and shoulders which is a reversal pattern from a up trend. Further TA supporting the collapse of bitcoins price, which coincides with the bearish point of view with other charts that I've released for...
Here is another similar set up on a different smaller time frame. ANOTHER reason I am SUPER bullish on XRP right now. As you can see we have another falling wedge with the 5th and final wave in Elliot Waves complete. There are also 2 bullish divergences on the RSI+MACD! Not to mention a few more hidden ones in the RSI The TD Sequential indicator just flashed...
This Elliot Waves rising wedge breakout is complete, minus the breakout, as out lined by the light blue trend line. Anyways, the TD 9 Sequential indicator flashed another BUY signal the weekly candle of June,15/2020. Since then it has kept retracing very tightly in the corner the large falling wedge. Compressed like a spring with no place to go but up! Why? Well,...
You can see the red trend lines highlighting a falling wedge on XRP on the 1 day charts. Falling wedges are a bullish pattern. Note the extremely tight movements in the consolidation, indicating that accumulation is ongoing and coming to a close. There maybe is a little bit more downturn left but this area is a solid buy zone for XRP. you can also see the colored...
This chart further outlines my immediate short/medium term bias from another similar chart I put out a week ago. Short/Medium Term: Bearish Long Term: Bullish Mystery: Covid -19 Shudtown Round 2 There is one more wave to complete this Elliot Waves rising wedge breakout. As out lined by the bottom purple trend line this is a VERY strong support held since the...
The Chart lays out expected price action in 2 seperate long term bullish to medium term bearish scenarios for BTC. There is also a HUGE bearish divergence on the weekly RSI that stretches from May 27 2019 to May 11 2020. MACD about to cross into bearish territory on the 1 day chart aswell... For price action the chart speaks for its self. Thanks for taking a...
Look how the inclination inceases each major run!