Targets met, expecting continuation down as per original analysis, slow going. I beelive we are in a B Wave with a C leg down to come, expecting to see a narrative change and push down to reclaim the 1.618 , sweepeing the lows. Numerous vector candles indicate liquidity in the taret zone and it will test previous structural supports and resistances.
Currently Macro 0.236 Fib level is sitting just above the current price, providing significant resistance. With 4Hr Stochastic and monryflow showing the ability to move up a little I think we may challenge this under the guise of the intermediate Wave 1 of a new 5 wave impule up of a Major wave 3. We could very well see a rejection from the .236 of the major,...
BTCUSD 1H Invalidation scenario with Wave 4 Fractal Wave 1 intermediate not confirmed as complete, and wave 5 micro not confirmed as complete. We need to see verification and a drop though the invalidation zone as we've see HH HL patterns and while indicators are mixed, PA is still in line with previous assesments. We could see a push up to the 1.1618 and...
BTC Posible replay of previous movement, if it replays (as we have recently seen) it would be surprising , but so far its adhering to and showing indications of being possibly accurate on predicted Highs, and Timescales. Monitoring.
Currently hangingin in the balance, significant risk of further dtop to 30k but 2 string supports below current level before hitting this. Need to retain a HL position to avoid a larger bearish move which would move us potentially as low as 20-23k (temporarily). Bullish move would bounce and confirm support ar 41k. Volume remains low and confidence has been...
Algo,seems to fit Elliot Wave theory. Not my area of expertise but trying to get to grips with the nuances of it. Trying to use the correction wave to understand next likely peaks and troughs. Any feedback welcome.
OXT steady march fractal patterns apparent and looking like it fits the slow parabolic trend.
Currently trying to find a decent entry point to to XRP for a ride up to 0.38 for HODL. VERY QUICK analysis Following previous ideas of Wykoff accumulation, and recent breakout of pennant and trend, I'm guessing there will be a continued move to previous levels of 0.4ish. target bounce and subsequent buy zones marked in red with a best guess on trend...
I'm not an expert in Wycoff but this feels very much like a slow accumulation and shakeout. I'm working on the basis of Fib timezones which seem to fit nicely in the current pattern , suggesting a few more days of accumulation to follow. This would mirror previous long accumulations seen on XRP. I expect to see a <$0.2 jump to circa $0.35, and then onwards,...
Rudimentary at best. just seeing where this goes as I remain bullish on XRP but will only load up at a sub $0.2 levels, preferably $0.17-0.18 With the BTC drop were seeing a direct impact on ALT volumes.
I remain Bullish but think we will see a further drop, likely drop off with news of the SEC FUD and year end see off from US citizens for TAX. I think as institutional investment picks up in the new year and American retail picks up we'll see a lift in price. Coupled with the fact that a significant proportion of XRP usage and interest is -Ex-USA (there are lands...
XRP within miicro and macro bullish tirangles, with fib support. Secondary fib for the micro timescale and the bullish triangle added - unconventional however seems to suggest some clear resistance and support zones which the current trend seem to be fitting. A bit bes guess however given the long consolidation I would expect to potentially see a rise to wards...
Descending triangle to tested support, potential breakout imminent. Breakout to .65, likely continuation tot he .68/.69 resistance
Quick idea, XRPUSD Testing lowe 0.45-0.5 Support, build and groth to $1.2-1.3 with flatening of BTCUSD and uptake of XRP for FLare Airdrop
wouldnt it be nice... taking a more Bullish macro view to the curent drop